Annual financial statement
Page 1
Highlights : ● ● ● ● Hargreaves Lansdown plc Results for the year ended 30 June 2021 Net new business of £ 8.7 billion Strong growth in Assets Under Administration , up 30 % to £ 135.5 billion 1,645,000 active clients , an increase of 233,000 in the year Underlying profit before tax increase of 8 % to £ 366.0 million Profit before tax decrease of 3 % to £ 366.0m Total dividend down 8 % at 50.5 pence per share Net new business inflows Total assets under administration Revenue Underlying profit before tax * Profit before tax Diluted earnings per share Ordinary dividend per share Total dividend per share Year to 30 June 2021 £ 8.7bn € 135.5bn £ 631.0m £ 366.0m £ 366.0m 62.5p 38.5p 50.5p Year to 30 June 2020 £ 7.7bn £ 104.0bn £ 550.9m £ 339.5m £ 378.3m 65.9p 37.5p 54.9p * Underlying profit before tax excludes a one - off gain of £ 38.8m on the disposal of Funds Library in the year to 30 June 2020 Change % Contacts : Hargreaves Lansdown For media enquiries : Danny Cox , Head of Communications +44 ( 0 ) 7989 672071 Nick Cosgrove / Caroline Daniel Brunswick +44 ( 0 ) 207 404 5959 + 13 % + 30 % + 15 % + 8 % -3 % Chris Hill , Chief Executive Officer , commented : We have delivered a record performance and exceptional growth during an extraordinary and challenging year . Our investment in the scalability , diversity and resilience of HL's business model has resulted in a record 233,000 net new clients and £ 8.7 billion of net new business in the period , taking total clients to 1.645 million and assets to £ 135.5 bn . -5 % + 3 % -8 % The pandemic has accelerated two trends that were already evident to us : a permanent shift to digital ; and a change in the demographic mix . Demand for our digital services has soared with 393 million digital visits and 98 % of trades being done online . In FY21 , 83 % of our new clients were under 55 , as we saw younger clients showing an interest investing and saving , prioritising financial resilience as they benefit from the transition of wealth from older generations . This has been an extraordinary year and I am proud of how our colleagues responded and continued to deliver to clients throughout this challenging period . We have not furloughed our people , enacted any COVID related redundancy programmes or sought any Government assistance . Our focus is , as always , on our clients and their lifelong needs , not just their short - term interests . We have been able to capitalise on this extraordinary year- and enlarge our client base substantially - due to our previous investment decisions and confidence in the opportunity ahead . As the UK's market - leading digital wealth management service we have continuously advanced our service and broadened and strengthened our proposition , as client needs evolve , and the wealth market continues to broaden and digitise . For analyst enquiries : James Found , Head of Investor Relations +44 ( 0 ) 7970 066634 Philip Johnson , Chief Financial Officer About us : Hargreaves Lansdown is the UK's largest digital wealth management service administering £ 135.5 billion of investments for over 1,645,000 clients . Our purpose is to empower people to save and invest with confidence . We aim to provide a lifelong , secure home for people's savings and investments that offers great value , an incredible service and makes their financial life easy . Page 1