Earnings release
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ASX Release 15 October 2026 AMP Limited provides 3Q 26 cashflows and business update Continued strong growth in Platforms cashflows; Wealth total AUM $168 billion – Platforms net cashflows11increased to $1.5 billion, up 20% (3Q 25: $1.2 billion) – Superannuation & Investments net cash outflows1 of $138 million, an improvement from net cash outflows of $241 million in 3Q 25 – resulting in net cash outflows of $62 million year to date – New Zealand Wealth Management net cashflows1 of $100 million, an improvement from net cashflows of $64 million in 3Q 25 – Total AUM of $168 billion across the Australian and New Zealand wealth businesses – Delivered $75 million of the $150 million on-market share buyback AMP Chief Executive Blair Vernon said: “Our focus in the third quarter has remained on driving growth in our wealth businesses . In Platforms, our growing cashflows reflect that more advisers continue to choose North. The new North Interactive Wealth Portal is helping to further support adviser efficiency, while our new AI Implement tool is currently in pilot phase. “Our Super & Investments business third quarter result reflected the seasonality we typically experience in the second half. AMP Super was recently awarded an Epic Retirement Tick by Chant West, recognising the strength of its products, advice, services and support for members approaching and living in retirement. The launch of the new AMP Super app, earlier this month, will further improve the digital experience for members. “Our focus in AMP Bank remains on optimising the balance sheet and reducing the capital intensity of this business. “We are now half-way through returning $150 million to shareholders through our on-market share buyback, and we remain focused on releasing capital from AMP Bank as a priority in our capital management strategy.” Business unit results Platforms Net cashflows (excluding pension payments) were $1.5 billion for the quarter, up 20% (3Q 25: $1.2 billion). Pension payments were $651 million (3Q 25: $583 million). Platforms AUM was $93.6 billion (2Q 26: $92.7 billion). Following the launch of the North Interactive Wealth Portal in March 2026, the new AI application implementation tool is now in pilot phase on North and expected to roll out in 4Q 26, supporting North’s drive to enable adviser efficiency. In September 2026, AMP launched North Protect, a simpler way for advisers to bring their clients’ super, investments and insurance together. North Managed Portfolios grew to $29.5 billion (2Q 26: $28.3 billion). AUM in AMP’s innovative retirement solution MyNorth Lifetime grew to $1.4 billion (2Q 26: $1.2 billion). 1 1 Excluding pension payments
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2 Superannuation & Investments Superannuation & Investments net cash outflows (excluding pension payments) were $138 million (3Q 25: outflows of $241 million). The result reflected the seasonality typically experienced in AMP Super in the second half. Pension payments were $109 million (3Q 25: $102 million). AUM grew to $62.7 billion (2Q 26: $62.6 billion), reflecting positive market movements partly offset by net cash outflows and pension payments. During the period, AMP won a notable employer super mandate and expects to begin implementation in 1Q 27. This is an important signal of AMP Super’s compelling offer in employer super, including its member service, retirement proposition and investment returns. *3Q 23 excludes a specific $4.3bn mandate loss (610) (383) (612) (519) (371) (99) (334) (226) (108) 33 (241) (226) (80) 156 (138) 1Q 2Q 3Q 4Q Net Cashflows ($m) S&I net cashflows by quarter 2023 2024 2025 2026
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3 New Zealand Wealth Management Net cashflows (excluding pension payments) were $100 million (3Q 25: $64 million). In New Zealand dollars, KiwiSaver saw increased inflows in line with the higher (voluntary) contribution rate of 3.5% effective 1 April 2026, and inflows into AMP Managed Funds also improved. Pension payments2were $46 million (3Q 25: $39 million). AUM was $12.1 billion (2Q 26: $12.3 billion), impacted by FX headwinds. AMP Bank Our focus in AMP Bank remains on optimising the balance sheet and improving capital efficiency. The total mortgage book was $23.2 billion (2Q 26: $23.6 billion). Total deposits were $17.6 billion (2Q 26: $17.8 billion), while AMP Bank GO deposits remained steady at $1.7 billion (2Q 26: $1.7 billion). AMP continues to improve capital efficiency within AMP Bank and reduce the capital intensity of the business. We are now halfway through the $150 million on-market share buyback and continue to progress targeted capital relief transactions, subject to market conditions, during 4Q 26. Media enquiries Investor enquiries Adrian Howard Mobile: +61 413 184 488 Jo Starr Mobile: +61 416 835 301 All amounts are in Australian dollars (A$) unless otherwise stated. Growth is the percentage increase on prior corresponding period, unless otherwise stated. Authorised for release by the Market Disclosure Committee. 17 22 30 59 25 11 90 24 57 40 64 58 41 75 100 1Q 2Q 3Q 4Q Net Cashflows (AUD$m) NZ net cashflows by quarter 2023 2024 2025 2026
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4 3Q 26 cashflows Platforms $m 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 % 3Q 26/ 3Q 25 Closing AUM North1 85,537 88,731 85,534 92,738 93,634 9.5% External platforms2 1,360 - - - - n/a Total Platforms 86,897 88,731 85,534 92,738 93,634 7.8% of which North Managed Portfolios3 23,840 25,177 25,404 28,265 29,543 23.9% Average AUM 85,367 88,001 88,830 89,889 93,619 9.7% Cashflows North inflows4 2,850 4,568 2,494 3,812 3,129 9.8% North outflows4,5 (1,537) (1,605) (1,419) (1,812) (1,674) (8.9%) North net cashflows5 1,313 2,963 1,075 2,000 1,455 10.8% External platforms inflows4 9 1 - - - n/a External platforms outflows4,5 (110) (1,376) - - - n/a External platforms net cashflows5 (101) (1,375) - - - n/a Platforms net cashflows5 1,212 1,588 1,075 2,000 1,455 20.0% Pension payments North (574) (672) (573) (911) (651) (13.4%) External platforms (9) (2) - - - n/a Total Pension payments (583) (674) (573) (911) (651) (11.7%) Market/Other movements6 North 3,042 903 (3,699) 6,115 92 (97.0%) External platforms 41 17 - - - n/a Total Market/Other movements 3,083 920 (3,699) 6,115 92 (97.0%) 1 North is an award winning wrap platform which includes guaranteed and non-guaranteed options. Includes North and MyNorth platforms. 2 External platforms comprise Asgard platform products issued by AMP. During 4Q 25 the Asgard products were closed with existing customers moved to MyNorth. 3 Represents Managed Portfolios within Platforms AUM. 4 Inflows and outflows exclude internal product flows (i.e. transfers across and within products). 5 Cash outflows and net cashflows excludes regular pension payments to members. 6 Other movements includes fees, investment returns, distributions, taxes and foreign exchange movements. 37% 44% 19% AUM by product Superannuation Pension Investment $93,634m AUM 30% 30% 35% 4% 1% AUM by asset class Cash and fixed interest Australian equities International equities Property Other $93,634m AUM
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5 Superannuation & Investments $m 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 % 3Q 26/ 3Q 25 Closing AUM Personal superannuation1 34,685 34,831 33,786 35,987 36,067 4.0% Employer superannuation2 25,776 25,830 25,034 26,581 26,611 3.2% Total Superannuation & Investments 60,461 60,661 58,820 62,568 62,678 3.7% Average AUM 59,653 60,781 60,724 60,964 62,728 5.2% Cashflows Superannuation & Investments inflows3 931 1,006 947 1,441 1,208 29.8% Superannuation & Investments outflows3,4 (1,172) (1,232) (1,027) (1,285) (1,346) (14.8%) Superannuation & Investments net cashflows4 (241) (226) (80) 156 (138) 42.7% Personal superannuation net cashflows4 (122) (76) (13) 106 (51) 58.2% Employer superannuation net cashflows4 (119) (150) (67) 50 (87) 26.9% Pension payments (102) (100) (87) (132) (109) (6.9%) Market/Other movements5 2,351 526 (1,674) 3,724 357 (84.8%) 1 Personal superannuation includes $11.5bn in MySuper (2Q 26 $11.2bn). 2 Employer superannuation includes $16.4bn in MySuper (2Q 26 $16.2bn). 3 Inflows and outflows exclude internal product flows (i.e. transfers across and within products). 4 Cash outflows and net cashflows excludes regular pension payments to members. 5 Other movements includes fees, investment returns, distributions, taxes and foreign exchange movements. 92% 8% AUM by product Superannuation Pension $62,678m AUM 20% 27% 47% 6% AUM by asset class Cash and fixed interest Australian equities International equities Property $62,678m AUM
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6 New Zealand Wealth Management $m 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 % 3Q 26/ 3Q 25 Closing AUM KiwiSaver 6,846 6,914 6,494 6,935 6,901 0.8% Other1 5,332 5,366 5,016 5,326 5,219 (2.1%) Total New Zealand Wealth Management 12,178 12,280 11,510 12,261 12,120 (0.5%) Cashflows KiwiSaver inflows 203 164 152 164 198 (2.5%) KiwiSaver outflows2 (139) (129) (117) (120) (121) 12.9% KiwiSaver net cashflows2 64 35 35 44 77 20.3% Other inflows1 160 183 152 193 170 6.3% Other outflows1,2 (160) (160) (146) (162) (147) 8.1% Other net cashflows1,2 - 23 6 31 23 n/a New Zealand Wealth Management net cashflows2 64 58 41 75 100 56.3% Pension payments KiwiSaver (22) (25) (30) (31) (28) (27.3%) Other1 (17) (19) (20) (16) (18) (5.9%) Total Pension payments (39) (44) (50) (47) (46) (17.9%) Market/Other movements3 KiwiSaver (38) 58 (425) 428 (83) (118.4%) Other1 (26) 30 (336) 295 (112) (330.8%) Total Market/Other movements (64) 88 (761) 723 (195) (204.7%) 1 Other includes superannuation, retail investment and legacy products and term deposits. 2 Cash outflows and net cashflows excludes pension payments to members. Equivalent retirement withdrawals have been classified as pension payments to align to Platforms and Superannuation & Investments definitions. 3 Other movements include fees, investment returns, distributions, taxes, as well as movements related to the foreign currency fluctuations due to NZD FUM being reported in AUD.
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7 AMP Bank $m 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 % 3Q 26/ 3Q 25 Deposits and loans At call deposits 9,223 9,282 9,142 8,800 8,490 (7.9%) Term deposits 4,090 2,711 2,593 2,645 2,025 (50.5%) Customer deposits 13,313 11,993 11,735 11,445 10,515 (21.0%) Platforms1 5,555 5,671 5,504 4,367 4,982 (10.3%) Superannuation & Investments2 1,897 1,873 1,973 1,914 1,940 2.3% Other3 3 46 131 40 161 Large Total deposits 20,768 19,583 19,343 17,766 17,598 (15.3%) Residential Mortgages 23,609 23,922 23,883 23,607 23,200 (1.7%) Business Finance Loans 185 176 176 127 131 (29.2%) Total loans 23,794 24,098 24,059 23,734 23,331 (1.9%) Deposit to loan ratio 87% 81% 80% 75% 75% n/a 1. At 3Q 2026, Platforms include Cash (A$4.3bn) and Term Deposits (A$0.7bn). 2. At 3Q 2026, Superannuation & Investments deposits include AMP Supercash (A$1.8bn) and Super TDs (A$0.1bn). 3. Other deposits primarily comprise collateral balances received in relation to derivative transactions.