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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% www.ashmoregroup.com FY2026 Ashmore Group plc Results presentation
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Overview Strong market returns continue & Ashmore’s active management delivering outperformance • EM continues to deliver strong returns & outperform DM (MSCI EM equities +44% / fixed income indices +7% to +12%) • Ashmore’s delivering consistently strong outperformance for clients (77% outperforming over one year, 68% over three years and 67% over five years) Step up in subscriptions and lower redemptions generate net inflows across fixed income, equities and alternatives • Increase in subscriptions (+92% YoY) & lower redemptions (-20% YoY) drive +13% increase in AuM to US$54.0 billion • Net inflows of US$2.7 billion; US$1.3 billion into fixed income, US$1.3 billion into equities and US$0.1 billion into alternatives Strategic progress with growth in equities, alternatives and expansion of local office network • Equities AuM +33% to US$10.0 billion (19% of Group) and alternatives AuM +25% to US$2.0 billion (4% of Group) • Local office AuM increased 13% to US$8.9 billion (16% of Group) with net inflows of US$0.8 billion Seed capital returns support 17% increase in profits • Adjusted revenues -7% YoY due to lower performance fees • Strong investment returns deliver £82.5 million gains on seed capital • Client inflows and investment performance enabled seed capital recycling, realising LTD gains of £61.8 million • Profit before tax increased +17% to £126.9 million • Diluted EPS +28% YoY to 15.0p, DPS maintained at 16.9p Positive macro economic trends underpin further EM performance • Emerging markets expected to be net beneficiaries of the global capital investment cycle • EM forecast to grow twice as fast as DM in the near term • Increasing EM allocations from overweight US positions as investors seek greater diversification • Increasingly complex global markets highlight need for active management 2
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Emerging markets Strong outperformance driven by relative value, macro fundamentals and diversity • Strong absolute returns over the period, outperforming developed markets • Global growth and corporate earnings driven by AI-related investment; MSCI EM index +44% • Weakening US dollar and falling interest rates in the second half of 2025 anchored EM fixed income outperformance • Spread tightening driving performance in external and corporate debt • Market friendly election results across EM • Investors’ allocations to EM increasing 3 EM & DM Index returns (12m to 30 June 2026) 44% 23% 21% 21% 12% 8% 7% 1% 0% 10% 20% 30% 40% 50% EM equities Frontier equities EM small cap MSCI World External debt Local currency Corporate debt Bloomberg Global Aggregate
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Investment performance Active management continuing to deliver outperformance • Ashmore’s active investment processes maintaining outperformance for clients in a strong EM absolute return environment One year: 77% outperforming (30 June 2025: 57%) Five years: 67% outperforming (30 June 2025: 81%) AuM outperforming versus benchmarks on gross basis Equities bars split between global and local products See Appendix for related disclosures 4 Three years: 68% outperforming (30 June 2025: 70%) 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Phase Three • AuM sourced from EM grew to US$21 billion (38% of Group AuM) • Local office AuM grew 13% to US$8.9 billion, driven by Colombia, Indonesia and India Progress against strategic objectives Increasingly diversified growth platform Phase One • Net inflows to EM in the year • Reallocation opportunity significant • Net inflows of US$2.7 billion, delivered across fixed income, equities and alternatives • 92% increase in subscriptions to US$12.5 billion Phase Two • Equities AuM increased by 33% to US$10.0 billion • Alternatives AuM increased 25% to US$2.0 billion • Retail AuM increased to 5% of Group 5 EM allocation Diversification Mobilise EM capital
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Assets under management AuM growth through investment outperformance & broad-based net inflows • 13% increase in AuM to US$54.0 billion • Subscriptions increased +92% YoY to US$12.5 billion • Substantial increase in client engagement levels • New mandates & additional allocations by existing clients • Geographically diverse demand • Redemptions -20% lower YoY to $9.8 billion • Lowest annual level for 15 years • Net inflow of +US$2.7 billion following prolonged outflow cycle • Net inflows achieved across fixed income, equities and alternatives • Net inflows in global and local businesses • Growth in retail AuM to 5% of Group AuM 6 AuM development (US$bn) 47.6 54.0 3.7 12.5 9.8 AuM at 30 Jun 2025 Performance Subscriptions Redemptions AuM at 30 Jun 2026
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Local offices Local capabilities provide access to long-term growth trends • AuM +13% over the year to US$8.9 billion, comprising net inflows of US$0.8 billion & investment performance of US$0.3 billion • Net inflows and outperformance in India • Strong investment returns in Colombia • Net inflows in Indonesia despite local market headwinds • Investor caution in Saudi Arabia and Qatar • Future growth through product breadth, enhancing client access & office network development • Launched regional Latin America equity fund (Colombia) & thematic private equity funds (Saudi Arabia) • Broadening onshore distribution (India & Indonesia) • Developing digital distribution channels (Saudi Arabia) • Regulatory approval in Mexico • Qatar office developing investor client base through growth of Qatari equity fund • Consistent global Group operating model helps drive high operating margin AuM includes Ashmore’s share of assets managed by its associate Taiping Fund Management Company 7 FY2026 FY2025 AuM (US$bn) - % Group 8.9 (16%) 7.8 (16%) Management fees (£m) - % Group 33 (25%) 32 (25%) Adjusted EBITDA margin 44% 45% US$1.0bn US$3.0bn US$2.5bn US$1.8bn US$0.2bn Local offices in emerging markets
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Financial performance overview Seed capital returns deliver strong profit growth • Adjusted net revenue -7% • Reduced performance fees • Increased seed capital profits of £82.5 million • Profitable recycling, realising LTD gains of £61.8 million • Adjusted operating costs -7% • VC accrued at 30% (FY2025: 35%) • Operating costs before VC -2% • Adjusted EBITDA £35.7 million • Adjusted EBITDA margin of 26% • Excluding seed capital impact, EBITDA margin up to 40% from 37% • PBT +17% to £126.9 million, diluted EPS +28% to 15.0p • Adjusted diluted EPS 5.0p • Substantial financial resources • Excess capital of £521 million (73p per share) • DPS maintained at 16.9p, dividend cover of 0.9x Figures stated on an adjusted basis exclude FX translation & seed capital related items 8 FY2026 £m FY2025 £m YoY AuM (US$bn) 54.0 47.6 +13% Adjusted net revenue 135.6 146.5 -7% Adjusted operating costs (103.5) (97.1) -7% Adjusted EBITDA 35.7 52.5 -32% - margin 26% 36% Seed capital 82.5 40.1 +106% Interest income 11.4 20.1 -43% Profit before tax 126.9 108.6 +17% Diluted EPS (p) 15.0 11.8 +28% Adjusted diluted EPS (p) 5.0 7.1 -29% Financial resources 609.5 603.9 +1% DPS (p) 16.9 16.9 -
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Revenues Higher average AuM levels, offset by weaker US dollar and lower performance fees • Net management fees -1% YoY • Average AuM +4%, closing AuM +13% • GBP:USD headwind of 3% • Net management fee margin declined by 1bp to 34bps • Full year impact of returning capital from higher margin alternatives vehicles in FY2025 & lower margin overlay subscriptions in FY2026 • Partially offset by 33% growth in higher margin equities AuM • Reduced performance fees • Fewer alternatives realisations in the period • Other income increased due to transaction fees Figures stated on an adjusted basis exclude FX translation & seed capital related items 9 FY2026 £m FY2025 £m YoY Net management fee margin 34bps 35bps -1bp Net management fees 128.2 129.7 -1% Performance fees 1.4 10.2 -86% Other revenues 5.8 2.5 +132% FX: hedges 0.2 4.1 -95% Adjusted net revenue 135.6 146.5 -7%
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Operating costs Ongoing control of operating costs, realised seed profits drive increase in VC • Operating costs increased 7% YoY, driven by strong seed capital realisations increasing the VC accrual • VC accrued at 30.0% of EBVCT (FY2025: 35.0%) • Modest increase in salary costs • Headcount increased +3%, primarily local office increases • Other operating costs managed effectively • D&A increase driven by London office move Figures stated on an adjusted basis exclude FX translation & seed capital related items 10 FY2026 £m FY2025 £m YoY Salary costs (32.3) (31.5) -3% Other operating costs (22.3) (22.2) -1% D&A (3.6) (3.1) -13% Operating costs before VC (58.2) (56.8) -2% VC (45.6) (39.5) -15% VC accrual on FX translation 0.3 (0.8) Adjusted operating costs (103.5) (97.1) -7%
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Seed capital Generating shareholder value through investment returns and strategic growth • Seed capital programme supports AuM growth and delivers returns • US$6 billion in funds that have been seeded (12% of Group AuM) • Market value of £323.5 million, 73% in liquid funds • Future commitments of £82.5 million, primarily relating to long-term private equity • Profits of £82.5 million reported in FY2026 • Positive returns in all investment themes, with notable gains in alternatives, equities & external debt • Substantial realised LTD gains the result of client inflows and strong market returns facilitating the recycling of 50% of seed capital positions • Realisations of £172.9 million • £34.7 million realised gain in period (£61.8 million on LTD basis) • Cumulative realised LTD gains of £225 million • New investments of £62.5 million • Thematic private equity opportunities • New funds e.g. Latin America equity 11 FY2026 £m FY2025 £m Realised gains 34.7 7.5 Unrealised mark-to-market gains 47.8 32.6 Total gains in P&L 82.5 40.1 Realised life-to-date gains 61.8 5.2 Unrealised life-to-date gains 69.8 42.6 Diversified seed capital investments (% of market value) 28% 2% 4% 8% 28% 30% External debt Local currency Corporate debt Blended debt Equities Alternatives
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Other P&L items • Interest income reflects lower prevailing money market rates & average cash balances • FY2026 effective tax rate of 15.4% • Below UK rate & lower than prior year • non-taxable seed capital gains • increased deferred tax asset on unvested employee share awards • Current geographic mix of profits implies effective tax rate of approximately 22% 12 FY2026 £m FY2025 £m YoY Interest income 11.4 20.1 -43% Profit before tax 126.9 108.6 +17% Tax (19.6) (23.5) +17% Effective tax rate 15.4% 21.6%
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Financial resources Well-capitalised, liquid balance sheet maintained • Total financial resources of £609.5 million • Excess capital of £521.5 million • Versus Group requirement of £88.0 million • Equivalent to 73p per share • Total cash & deposits of £355.9 million increased by £15.2 million • Net seed realisations generated +£109.3 million • Cash flow from operations, interest income and tax of +£42.3 million • EBT purchases of -£13.9 million • Consistent dividend -£120.4 million • No debt Cash & deposits exclude consolidated seed capital. See Appendix for reconciliation to statutory consolidated cash flow statem ent 13 340.7 355.9 52.4 109.3 14.8 6.3 24.9 120.4 13.9 5.7 2.7 Opening cash Operations Taxation Dividends EBT purchases Net seeding Interest income FX PPE Other Closing cash Cash & deposits (£m) Financial resources (£m) 88.0 521.5 355.9 323.5 Group capital requirement Excess financial resources Cash Seed capital
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Emerging markets outlook Supportive environment for continued EM outperformance • Global investment cycle to continue • AI, energy security, defence and supply chain resilience • EM to benefit as suppliers of the energy, critical minerals and manufactured goods required • Strong underlying macro fundamentals • EM expected to grow twice as fast as developed markets • MSCI EM equity index trades at a 52% discount to S&P 500 • EM real yields remain substantially higher than DM • Further upside available from spread compression • US exceptionalism and leadership under increasing scrutiny • Potential for multi-year downward trend in US dollar • Greater diversification on offer in response to complex global markets with a range of opportunities available in EM 14 Further EM debt upside available from spread compression Strong EM equity performance over 18 months 0.5x 1.0x 1.5x 2.0x 2.5x 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 EMBI HY / US HY -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% 80% MSCI EM Excess Return vs. S&P 500
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Summary • Strong market returns continue & Ashmore’s active management delivering outperformance • Step up in subscriptions and lower redemptions generate net inflows across fixed income, equities and alternatives • Strategic progress with growth in equities, alternatives and expansion of local office network • Seed capital returns support 17% increase in profits • Positive macro economic trends underpin further EM performance 15
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Q&A 16
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Appendix 17
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 1. Adjusted profits reconciliation 18 £m FY2026 Reported Seed capital (gains)/losses FX translation (gains)/losses FY2026 Adjusted FY2025 Adjusted Net management fees 128.2 - - 128.2 129.7 Performance fees 1.4 - - 1.4 10.2 Other revenue 9.7 (3.9) - 5.8 2.5 Foreign exchange 1.2 - (1.0) 0.2 4.1 Net revenue 140.5 (3.9) (1.0) 135.6 146.5 Net gains on investment securities 38.1 (38.1) - - - Personnel expenses (77.9) - 0.3 (77.6) (71.8) Other expenses (25.4) 3.1 - (22.3) (22.2) EBITDA 75.3 (38.9) (0.7) 35.7 52.5 Margin 54% - - 26% 36% Depreciation & amortisation (3.6) - - (3.6) (3.1) Operating profit 71.7 (38.9) (0.7) 32.1 49.4 Finance income 54.8 (43.6) - 11.2 20.4 Share of profit from associate 0.4 - - 0.4 0.3 Profit before tax 126.9 (82.5) (0.7) 43.7 70.1 Diluted EPS (p) 15.0 (9.9) (0.1) 5.0 7.1
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 2. Net management and performance fees 19 FY2026 £m FY2025 £m FY2026 US$m FY2025 US$m External debt 18.3 17.5 24.5 22.8 Local currency 28.4 31.8 38.0 41.3 Corporate debt 12.3 12.4 16.4 16.0 Blended debt 25.9 28.0 34.7 36.3 Equities 31.1 28.1 41.7 36.5 Alternatives 12.2 11.9 16.4 15.5 Total net management fee income 128.2 129.7 171.7 168.4 External debt 0.4 1.5 0.5 2.0 Local currency 0.1 0.4 0.1 0.6 Corporate debt 0.4 - 0.6 - Blended debt - 0.1 - 0.1 Equities - - - - Alternatives 0.5 8.2 0.8 11.1 Total performance fee income 1.4 10.2 2.0 13.8
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 3. Net management fee margins 20 Fixed income: FY2026: 29bps (FY2025: 29bps) 35 31 26 33 31 52 108 34 32 25 31 30 48 91 Group External debt Local currency Corporate debt Blended debt Equities Alternatives FY2025 FY2026
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 4. Investment themes & strategies Local currency AuM includes US$9.8bn of overlay/liquidity AuM 21 FIXED INCOME (US$42.0bn) EQUITIES (US$10.0bn) ALTERNATIVES (US$2.0bn) THEME External Debt (US$7.8bn) Local Currency (US$17.4bn) Corporate Debt (US$5.4bn) Blended Debt (US$11.4bn) GLOBAL EM STRATEGIES • Broad • Sovereign • Sovereign, investment grade • Short duration • ESG • Bonds • Bonds (Broad) • FX+ • Investment grade • Overlay • ESG • Broad • High yield • Investment grade • Short duration • Income • ESG • Blended • Investment grade • Frontier • ESG • Impact • EM Active • EM Shariah • EM Equity • EM ex-China • EM ESG • EM Small Cap • EM Frontier • Private Equity • Healthcare • Infrastructure • Education • Infrastructure Debt • Distressed Debt REGIONAL / COUNTRY STRATEGIES • Indonesia • Indonesia • Saudi Arabia • Asia High Yield • Andean • Mexico • Latin America • India • Indonesia • Indonesia ESG • Africa • Middle East • Qatar • Saudi Arabia • Saudi Arabia Shariah • Andean • Middle East (GCC) • South and East Asia
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 5. Assets under management 22 By theme By client type As invested By client location 14% 32% 10% 21% 19% 4% External debt Local currency Corporate debt Blended debt Equities Alternatives 30% 36% 11% 19% 4% External debt Local currency Corporate debt Equities Alternatives 23% 27% 1%13% 18% 12% 5%1% Central banks Sovereign wealth funds Governments Pension plans Corporates/financial institutions Funds/sub-advisers Intermediary retail Foundations/endowments 12% 26% 5%22% 35% Americas Europe UK Middle East & Africa Asia Pacific
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 6. AuM movements by investment theme 23 US$bn AuM 30 June 2025 Performance Subscriptions Redemptions Net flows AuM 30 June 2026 External debt 7.4 0.7 1.3 (1.6) (0.3) 7.8 Local currency 14.2 0.4 6.0 (3.2) 2.8 17.4 Corporate debt 5.2 0.1 0.4 (0.3) 0.1 5.4 Blended debt 11.7 1.0 0.8 (2.1) (1.3) 11.4 Fixed income 38.5 2.2 8.5 (7.2) 1.3 42.0 Equities 7.5 1.2 3.9 (2.6) 1.3 10.0 Alternatives 1.6 0.3 0.1 - 0.1 2.0 Total 47.6 3.7 12.5 (9.8) 2.7 54.0
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 7. Quarterly subscriptions and redemptions 24 (10.0) (8.0) (6.0) (4.0) (2.0) 0.0 2.0 4.0 6.0 8.0 10.0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Subscriptons Redemptions
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 8. Seed capital Consolidated portfolio companies: • Line-by-line consolidation in financial statements • PBT contribution of £2.5 million in FY2026 (FY2025: £nil). FY2025 balance sheet restated for consolidation impact, which resulted in a £0.3m reduction to net assets Consolidated funds: • Line-by-line consolidation in financial statements • FX taken to reserves • PBT contribution of £51.5 million Unconsolidated funds: • Market returns, including FX, recognised in finance income • PBT contribution of £28.5 million 25 FY2026 £m FY2025 £m Other revenue 3.9 - Operating costs (0.5) - Interest expense (0.9) - Consolidated portfolio companies 2.5 - Net gains(losses) on investment securities 38.1 11.8 Operating costs (2.6) (2.4) Investment income 16.0 20.5 Consolidated funds 51.5 29.9 Finance income: market return 25.9 10.7 Finance income: FX 2.6 (0.5) Unconsolidated funds 28.5 10.2 Total profit before tax 82.5 40.1 - realised 34.7 7.5 - unrealised 47.8 32.6
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 9. Cash flows 26 £m As reported Consolidated funds and portfolio companies Group ex consolidated funds and portfolio companies Cash from operations 52.2 (0.2) 52.4 Taxation (25.0) (0.1) (24.9) Interest & investment income 35.5 20.7 14.8 Seeding activities 104.4 (4.9) 109.3 Dividends paid (120.4) - (120.4) EBT purchases (13.9) - (13.9) Property, plant and equipment (20.8) (15.1) (5.7) FX & other 3.9 0.3 3.6 Increase/(decrease) in cash & deposits 15.9 0.7 15.2 Opening cash & deposits 348.7 8.0 340.7 Closing cash & deposits 364.6 8.7 355.9
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 10. Foreign exchange GBP:USD rate • Period-end rate moved from 1.3704 to 1.3273 • Average rate 1.3419 (FY2025: 1.2970) FX in P&L • Translation of net management fees -£4.4 million • Translation of non-Sterling balance sheet +£1.0 million • Net FX hedges +£0.2 million • Operating costs +£1.1 million • Unrealised seed capital +£2.6 million FX sensitivity • £2.3 million impact on PBT for 5c movement in GBP:USD rate • £1.6 million for cash deposits (‘foreign exchange’) • £0.7 million for seed capital (‘finance income’) Cash and deposits exclude consolidated seed capital 27 Cash and deposits 30 June 2026 % 30 June 2025 % US dollar 236.1 66 135.0 40 Sterling 95.2 27 173.7 51 Other 24.6 7 32.0 9 Total 355.9 340.7 Seed capital 30 June 2026 % 30 June 2025 % US dollar 244.4 76 292.6 86 Colombian peso 34.0 11 26.0 8 Other 45.1 13 20.8 6 Total 323.5 339.4
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 11. Investment performance summary See Appendix section 12 for related disclosures 28
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% 12. Disclosures Page 4 • Gross performance is shown, weighted by fund AuM, to provide a representative view to analysts and shareholders of Ashmore’s investment performance over relevant time periods. • Only funds at 30 June 2026 and with a performance benchmark are included, which specifically excludes funds in the alternativ es theme and overlay/liquidity funds. • 74% of Group AuM at 30 June 2026 is in such funds with a one year track record; 68% with three years; and 59% with five years • Reporting of investment performance to existing and prospective fund investors is specific to the fund and the investor’s cir cumstances and objectives and may, for example, include net as well as gross performance. Appendix section 11 • Source: Ashmore (un-audited), JP Morgan, Morgan Stanley • Each investment theme category includes all relevant managed funds that have a benchmark reference point. • Returns gross of fees, dividends reinvested. Annualised performance shown for periods greater than one year. Benchmarks External debt Broad JPM EMBI GD External debt Sovereign JPM EMBI GD External debt Sovereign IG JPM EMBI GD IG Local currency Bonds JPM GBI-EM GD Corporate debt Broad JPM CEMBI BD Corporate debt IG JPM CEMBI BD IG Blended debt 50% EMBI GD, 25% GBI-EM GD, 25% ELMI+ Blended debt IG 50% EMBI GD IG, 25% GBI-EM GD IG, 25% ELMI+ IG Global EM active equity MSCI EM net Global EM all cap equity MSCI EM net Global EM small cap MSCI EM Small Cap net Frontier markets MSCI Frontier net 29
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Ashmore Dark Blue75% Black Ashmore Bright Blue Fixed Income Equities Alternatives Local Currency External Debt Corporate Debt Active All Cap Frontier Table Blue 90% Table Blue 80% Table Grey 90% Table Grey 80% Disclaimer IMPORTANT INFORMATION This document does not constitute or form part of any offer to sell, or the solicitation of any offer to buy, securities of A shmore Group plc (the Company) or any other entity, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Past performance is not indicative of future results. This document may contain forward-looking statements that relate to future events, expectations, beliefs, strategies, objectives , intentions, plans, prospects and performance. Forward-looking statements may be identified by words such as “believe,” “expect,” “anticipate,” “int end,” “estimate,” “may,” “will,” “continue,” “seek,” “could,” “should” and similar expressions, and by discussions of strategy, outlook, or fut ure financial performance. Such statements are based on current expectations, assumptions, estimates and projections about the industry, markets, the Co mpany and its future financial performance, and are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results, perf ormance or achievements to differ materially from those expressed or implied by such statements. These include, without limitation, gene ral economic and business conditions, market volatility, interest rate and foreign exchange fluctuations, regulatory changes, competitive pressures, geopolitical events, investor behaviour, and other risks and uncertainties described in the Company’s regulatory filings and other disclosures. As a result, undue reliance should not be placed on forward-looking statements. Forward-looking statements speak only as at the date they are made. Except as required by applicable law or regulation, the Comp any undertakes no obligation to update, revise or publicly announce any revisions to forward-looking statements to reflect new information, future events or otherwise. 30