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(Sharecast News) - Aberdeen reported a 21% rise in adjusted operating profit to 151m for the first half on Wednesday, as revenue growth and lower costs helped offset continued net outflows.
Net operating revenue rose 2% to 643m, while adjusted operating expenses fell 2% to 492m and IFRS pre-tax profit increased 2% to 276m.
Assets under management and administration rose 4% from the end of 2025 to 579.4bn, although the group recorded net outflows of 3.0bn, or 1.0bn excluding liquidity flows.
Interactive Investor delivered record net inflows of 6.8bn and adjusted operating profit of 84m, while the group maintained its interim dividend at 7.3p per share.
Aberdeen reiterated its 2026 targets for adjusted operating profit of at least 300m and net capital generation of around 300m.
"In a dynamic market, the group produced a strong performance," said chief executive Jason Windsor.
"Adjusted operating profit is up 21% year-on-year and net capital generation is up 47%."
At 0924 BST, shares in Aberdeen Group were down 6.11% at 233.4p.
Reporting by Josh White for Sharecast.com.
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