Earnings release
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Premier Miton Group plc(‘Premier Miton’, ‘Group’ or the ‘Company’) Q4 AuM update and Notice of results Improving investment performance, lower redemptions and resilient gross sales; further cost savings identified Premier Miton Group plc (AIM: PMI) today provides an update on its unaudited Assets under Management (‘AuM’) as at 30 September 2026, covering the fourth quarter of its financial year (the ‘Quarter’ or ‘Period’). £8.1 billion AuM as at 30 September 2026 (30 September 2025: £10.3 billion) £428 million of net outflows for the Quarter £1.5 million in annualised cost savings identified £26.0 million cash balances at 30 September 2026 Improving investment performance and lower redemption levels provide a more encouragingbackdrop for flows Mike O'Shea, Chief Executive Officer, commented: “Assets under Management ended the quarter at £8.1 billion, with net outflows of £428 million. Thishas undoubtedly been a difficult year for the Group. A period of weaker investment performance acrossseveral of our larger strategies has resulted in substantial outflows and put pressure on both AuM andprofitability. “We have responded by taking significant steps to simplify the business, reduce our cost base andincrease our focus on those investment capabilities where we believe we can deliver attractive long-term investment outcomes for our clients. Following a review over the summer, we have identified afurther £1.5 million of annualised cost savings which are expected to be delivered over the next 12months with an estimated one-off cost of £0.3 million. This will ensure that our operating model isappropriate for the current size of the business while retaining the ability to scale efficiently over time. “Despite the difficult backdrop, there are encouraging signs of greater stability across several of ourinvestment strategies. Investment performance has improved with 74% of our AuM performing above median4 year to date, 71% over one year and 68% over three years. Following the elevated outflows inJuly and August, net outflows reduced significantly in September as redemption levels materiallyreduced across several strategies, while fixed income and macro thematic multi-asset funds continuedto see good demand. “While it remains too early to conclude that these trends will be sustained, improving investmentperformance, lower redemption levels and continued inflows into several of our strategies provide someevidence that the significant headwinds experienced over the past year are beginning to ease. “Our UK equity strategies have performed strongly in the short term, improving their medium-termperformance record. We have a strong team of experienced fund managers and believe we are wellpositioned both to retain existing assets and to benefit when investor demand for UK equitiesimproves. “There are, however, areas where further progress is required. We continue to focus on improvingshorter-term performance across our diversified multi-asset strategies. Absolute return has alsoexperienced a challenging period for performance, reflecting a difficult backdrop for long-shortstrategies. More recent investment performance has been stable, and we retain confidence in the teamand its ability to deliver the investment outcomes required to support greater stability in assets. “The changes made to our US strategy have contributed to greater stability in AuM and improvedshorter-term performance, while the significant improvement in relative performance from ourEuropean equity team is encouraging. Redemption rates from these strategies reduced by 80% and 40%respectively in the final quarter compared with earlier quarters in the financial year. “Taken together these developments provide a more encouraging backdrop as we enter the newfinancial year. Our distribution team continues to perform well with gross sales of over £2.7 billion for
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the seventh consecutive year. This demonstrates continued demand across our product range, althoughelevated redemptions have more than offset these sales during the year. If the recent improvement ininvestment performance is sustained and redemption levels continue to moderate, we believe there is aclear opportunity to stabilise net flows and, over time, return the business to growth. “There is clearly more work to do, and sustained investment performance will be required to achieve amore stable flow environment. However, we enter the new financial year with a leaner and morefocussed business, improving investment performance in key capabilities and identifiable areas fororganic growth, both in our home market and internationally. “At the same time, we continue to evaluate strategic opportunities that have the potential to enhanceshareholder value. We have a strong investment culture and a well-respected distribution capability thatcan make us an attractive home for talented investment teams. Our strong balance sheet and positionas a listed business provide us with strategic and financial flexibility to pursue inorganic opportunitiesthat can add scale, enhance our investment capabilities and broaden our access to attractive clientsegments. “Our priorities remain clear: delivering strong investment outcomes for our clients, stabilising AuM andmaintaining an efficient and effective operating platform. We believe that continued progress in theseareas will improve profitability and deliver long-term value for shareholders.” Assets under Management: On 30 September 2026, our AuM stood at £8.1 billion. A reconciliation of AuM and flows over the Quarter is below: Equity UK Equity International Multi-asset Multi Manager Multi-asset Direct and Diversified Fixed Income Absolute Return Total £m £m £m £m £m £m £m AuM at 1 July 2026 1,428 1,158 928 1,647 2,825 644 8,630 Net flows (66) (146) (43) (57) 128 (244) (428) Market/investment performance 45 (29) 3 (59) (35) (27) (102) AuM at 30 September 2026 1, 2 1,407 983 888 1,531 2,918 373 8,100 A reconciliation of AuM and flows over the year to 30 September 2026 is below: Equity UK Equity International Multi-asset Multi Manager Multi-asset Direct and Diversified Fixed Income Absolute Return Total £m £m £m £m £m £m £m AuM at 1 October 2025 1,708 2,382 971 1,734 2,450 1,081 10,326 Net flows (485) (1,461) (156) (284) 450 (642) (2,578) Market/investment performance 184 62 73 81 18 (66) 352 AuM at 30 September 2026 1, 2 1,407 983 888 1,531 2,918 373 8,100 1 Comprising 40 open-ended funds and four external segregated mandates 2 AuM and net flows are presented after the removal of AuM invested in other funds managed by the Group. At the Period end these totalled £261 million Improving investment performance across key strategies During the financial year to 30 September 2026, investment performance has improved across several of the Group's key strategies.
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As at 30 September 2026, 21 funds were ranked in the first or second quartile within their respective sectors year to date, including 11 first-quartile funds. The table below provides a summary of quartile rankings across the Group's UK domiciled fund range. The quartile performance rankings are based on Investment Association sector classifications where applicable, with data sourced from FE Analytics FinXL using the primary share class, based on a total return, UK Sterling, mid-to-mid basis for OEIC funds and a bid-to-bid for unit trusts. All data is as at 30 September 2026. UK domiciled funds Quartile ranking Quartile ranking Quartile ranking since launch Year of launch Year to date 3 year / tenure / tenure Equity UK Premier Miton UK Multi Cap Income Fund 1 1 1 2011 Premier Miton UK Smaller Companies Fund 1 1 1 2012 Premier Miton UK Value Opportunities Fund 1 1 1 2022 Premier Miton Monthly Income Fund 3 3 3 2020 Premier Miton Optimum Income Fund 4 4 3 2020 Premier Miton Responsible UK Equity Fund 2 4 1 2026 Premier Miton UK Growth Fund 1 3 2 2026 Premier Miton Tellworth UK Smaller Companies Fund 1 2 2 2018 Equity international Premier Miton US Opportunities Fund 4 4 4 2013 Premier Miton US Smaller Companies Fund 3 4 4 2024 Premier Miton European Opportunities Fund 1 2 1 2015 Premier Miton Global Infrastructure Income Fund 4 1 2 2017 Premier Miton Global Leaders Fund 3 3 4 4 2026 Multi-asset multi-manager Premier Miton Multi-Asset Monthly Income Fund 2 2 1 2009 Premier Miton Multi-Asset Distribution Fund 1 2 3 1999 Premier Miton Multi-Asset Global Growth Fund 2 3 1 2012 Premier Miton Liberation No. IV Fund 2 3 1 2012 Premier Miton Liberation No. V Fund 1 2 1 2012 Premier Miton Liberation No. VI Fund 2 3 2 2012 Premier Miton Liberation No. VII Fund 2 2 3 2012 Multi-asset direct and diversified Premier Miton Cautious Multi-Asset Fund 2 1 1 2014 Premier Miton Defensive Multi-Asset Fund 1 2 1 2014 Premier Miton Cautious Monthly Income Fund 2 1 1 2011 Premier Miton Multi-Asset Growth & Income Fund 2 1 2 2021 Premier Miton Diversified Growth Fund 4 4 2 2013 Premier Miton Diversified Income Fund 2 3 1 2017 Premier Miton Diversified Balanced Growth Fund 4 4 4 2019 Premier Miton Diversified Cautious Growth Fund 4 4 3 2019 Premier Miton Diversified Dynamic Growth Fund 4 4 3 2019 Fixed income Premier Miton Corporate Bond Monthly Income Fund 1 2 1 2020 Premier Miton Strategic Monthly Income Bond Fund 1 1 1 2020 Premier Miton UK Money Market Fund 4 3 3 2019 3 The Premier Miton Global Sustainable Growth Fund changed its name to Premier Miton Global Leaders Fund on 6 July 2026 4 The UK domiciled quartile performance rankings are based on Investment Association sector classifications where applicable, with data sourced from FE Analytics FinXL using the primary share class, based on a total return, UK Sterling, mid-to-mid basis forOEIC funds and a bid-to-bid for unit trusts. All data is as at 30 September 2026. Year to date is measured from 1 January 2026 Notice of results
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Premier Miton will issue its results for the financial year ending 30 September 2026 on 3 December2026. ENDS For further information, please contact: Premier Miton Group plc Mike O'Shea, Chief Executive Officer 01483 306 090 Investec Bank plc (Nominated Adviser and Broker) Virginia Bull / Ben Griffiths / St John Hunter 020 7597 4000 Camarco Geoffrey Pelham-Lane / Ben Woodford 07733 124 226 / 07990 653 341 KK Advisory Ltd Steve Keeling / Kam Bansil 020 7039 1901 Notes to editors: Premier Miton Investors is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include equity, fixed income, multi-asset and absolute return. LEI Number: 213800LK2M4CLJ4H2V85
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