Full Year 2024 AJ Bell PLC Earnings Presentation (Sell-Side Meeting) Transcript

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Dec 05, 2024

Dec 05, 2024 / 09:30AM GMT
Presentation (Sell-Side Meeting)
Dec 05, 2024 / 09:30AM GMT

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Corporate Participants
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* Michael Summersgill
AJ Bell PLC - Chief Executive Officer, Executive Director
* Peter Birch
AJ Bell PLC - Chief Financial Officer, Executive Director

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Unidentified Company Representative

Hello, and welcome to AJ Bell's 2024 annual results video. We're shortly going to hear from Michael Summersgill; and Peter Birch, CEO and CFO of AJ Bell.

But first, let's go through some of the key numbers from the year. Starting with customers and AJ Bell's total platform customers increased by 66,000 in the year to close at 542,000 an increase of 14%. Platform assets under administration closed at GBP86.5 billion, up 22% in the year.

Net inflows were up 45% versus the prior year to GBP6.1 billion with GBP2.2 billion attributable to the advised platform and GBP3.9 billion being D2C.

Moving on to the key numbers from today's full year results, revenue was up 23% to GBP269.4 million

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