Interim report
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POLAR CAPITAL Unaudited Interim Results Released : 22/11/2021 RNS Number : 0417T Polar Capital Holdings PLC 22 November 2021 Polar Capital Holdings plc ( " Polar Capital " or " the Group ” ) Unaudited interim results for six months ended 30 September 2021 65 % increase in core profits Highlights ● Assets under Management ( " AuM " ) at 30 September 2021 £ 23.4bn ( 31 March 2021 : £ 20.9bn ) Core operating profit * £ 36.3m ( 30 September 2020 : £ 22.0m ) Pre - tax profit £ 31.7m ( 30 September 2020 : £ 27.0m ) Basic earnings per share 26.5p ( 30 September 2020 : 23.4p ) and adjusted diluted total earnings per share * 28.1p ( 30 September 2020 : 22.1p ) Interim dividend per ordinary share of 14.0p ( January 2021 : 9.0p ) declared to be paid in January 2022 * Shareholders ' funds £ 146.8m ( 30 September 2020 : £ 114.4m ) including cash and investments of £ 140.5m ( 30 September 2020 : £ 111.3m ) + The non - GAAP alternative performance measures shown here are described and reconciled to IFRS measures on the Alternative Performance Measures ( APM ) page * Further details on the timetable for the interim dividend are described on the shareholder information page Gavin Rochussen , Chief Executive Officer , commented : " In the six months to 30 September 2021 , AuM increased by £ 2.5bn from £ 20.9bn to £ 23.4bn , an increase of 12 % over the period and since then has increased to £ 25.0bn as at 12 November 2021 . " Core operating profit ( excluding performance fees , other income and exceptional items ) was up 65 % to £ 36.3m compared to the comparable prior half year period and up 23 % from £ 29.5m in the immediately preceding six - month period to 31 March 2021 . " This time last year , Polar Capital established a new Head of Sustainability role and put in place separate Sustainability and Diversity committees to increase focus on these areas , in investment and for the Group . Six of Polar Capital's funds have been classified as Article 8 under the European Union's SFDR regulations and there is a pipeline of funds aiming to reclassify as Article 8. The recently launched Smart Energy and Smart Mobility funds are classified as Article 9 funds . " There is much greater concern about the impact of climate change , and this will result in growing demand for greener technologies and the investment landscape will be shaped by the conversations and outcomes from COP26 held in Glasgow . " The launch of the Polar Capital Smart Energy and Smart Mobility Funds in September 2021 were well received with early flows and demonstrable appetite from potential investors in these funds . " Our diverse and differentiated range of sector , thematic and regional fund strategies and our performance led culture where 74 % , 93 % and 99 % of our AuM is in the top two quartiles against peers over three years , five years and since inception respectively together with significant remaining capacity provides confidence that momentum will continue . "