Ashmore Group reported a 64% jump in pre-tax profit to £81.9 million for the six months ending December 31, 2025, despite a 16% decline in adjusted net revenue. The emerging markets asset manager saw assets under management grow 10% to $52.5 billion, driven by $2.3 billion in net inflows and $2.6 billion in positive investment performance.

The company's diluted earnings per share surged 89% to 10.1 pence, though adjusted diluted EPS fell 35% to 3.1 pence. Net management fee income decreased 9% to £62.1 million, with the average net management fee margin at 34 basis points, down from 36 basis points a year earlier. Adjusted net revenue declined to £67.5 million from £79.9 million, reflecting lower average assets under management and reduced performance fees.

Shares were essentially flat following the results, down just 0.08%. Mark Coombs, Chief Executive Officer, attributed the strong performance to investor appetite for emerging markets opportunities, noting that 82% of assets under management outperformed over one year. The company maintained tight control over operating costs, which increased just 1% year-over-year, while investment performance remained robust across multiple time horizons.