AMP profits up 20.8% in 2025 amid strategic reset

AMP (ASX:AMP) has delivered a robust financial performance for the 2025 fiscal year, headlined by a 20.8% rise in underlying net profit after tax, reaching $285 million.

The growth was primarily fueled by strong momentum in its North platform and a significant turnaround in its group division, which moved from a $13 million loss last year to a $23 million profit, largely due to a 53.2% boost from China partnerships.

While the underlying figures painted a picture of growth, statutory NPAT landed at $133 million, down from $150 million in FY24.

The dip reflects the financial weight of settling legacy legal matters and ongoing business simplification efforts.

Total assets under management rose by 9% to $161.7 billion, supported by positive market movements and healthy cash flows across the wealth sectors.

CEO Alexis George characterised 2025 as a "stabilisation" year, noting that the resolution of legacy items has allowed the firm to focus on its core wealth and retirement segments.

Despite a slight profit contraction in AMP Bank due to the scaling of the "AMP Bank GO" digital offer, the company rewarded shareholders with a final dividend of 2 cents per share, bringing the total annual payout to 4 cents.