Allfunds reported full-year 2025 results that decisively beat analyst expectations, driven by record-breaking assets and robust growth in its alternatives business. Assets under administration reached a new high of €1.76 trillion, while net revenue of €639.9 million exceeded forecasts by approximately 1%. The platform service segment saw strong inflows, with total net flows reaching €120.6 billion, up 18.3% year-on-year, fueled by €64.9 billion from existing clients and €55.7 billion in migrations. The company's alternatives business delivered exceptional performance, with distribution assets under administration soaring 83% YoY to €18.4 billion.

Adjusted EBITDA rose 4.1% to €417.3 million, reflecting a healthy margin of 65.2%. CEO Annabel Spring stated 2025 was a year of 'strong results and decisive refocusing,' emphasizing the strategic choices made to concentrate on core strengths. Adjusted earnings per share reached €0.42, up from €0.38 in 2024.

The firm added 64 distributors and 90 fund houses, supported by client adoption of open architecture solutions. For 2026, Allfunds projects platform service net flows between €100 billion and €120 billion, below the €104 billion analyst estimate, with mid to high-single-digit revenue growth expected and improved EBITDA margins. The company also announced restructuring its Mainstreet Partners unit and exiting Allfunds Tech and Luxembourg ManCo, recognizing €135.2 million in impairment losses, which it stated will have an immaterial impact on regulatory capital.