Earnings release
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12 October 2026 Polar Capital Holdings plcTrading Update Polar Capital Holdings plc (“Polar Capital” or the “Group”), the specialist active asset management group, today provides an update in respect of the three months to 30 September 2026. Group Assets Under Management (AuM) (unaudited) AuM as at 30 September 2026 was £43.7bn. Net inflows of £1.2bn over the quarter. Net inflows of £3.6bn over the six months to 30 September 2026. AuM movement in three months to 30 September 2026 Open endedFunds (£m) InvestmentTrusts(£m) Segregatedmandates(£m) Total (£m) AuM at 1 July 2026 34,573 9,594 826 44,993 Net flows 1,102 (2) 60 1,160 Market movement and performance (2,103) (304) (41) (2,448) Total AuM at 30 September 2026 33,572 9,288 845 43,705 AuM movement in six months to 30 September 2026 Open endedFunds (£m) InvestmentTrusts(£m) Segregatedmandates(£m) Total (£m) AuM at 1 April 2026 23,424 6,605 604 30,633 Net flows 3,514 (48) 154 3,620 Market movement and performance 6,634 2,731 87 9,452 Total AuM at 30 September 2026 33,572 9,288 845 43,705 Net performance fee profits (unaudited) The table below shows the Group’s net performance fee profit position, after deducting staff interests. Thefigures reflect accrued performance fees in Group-managed funds three months before the relevant fees aredue to crystallise. There is no certainty that these fees will be sustained over the next quarter, asperformance fees can be volatile. Performance feesnet of staff interests (All figures in £m) Six months to30 Sep 25 12 months to31 Mar 26(year-end) Six months to30 Sep 26
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Received - 16.1 - Accrued in underlying funds with year ends on or before the financial year end 15.0 n/a 8.8* Total net performance fee profits 15.0 16.1 8.8* *The figures exclude £0.2m of net performance fee distributions (staff interests) that are deferred into future periods for accounting purposes, and which should be deducted from the total performance fee profit figure for the purposes of calculating adjusted total earnings per share. Iain Evans, Chief Executive, commented: “Positive momentum continued during the second quarter, with net inflows of £1.2bn in the three months to30 September, taking net inflows for the first half of the financial year to £3.6bn. This compares with netoutflows of £690m in the corresponding six-month period last year and net inflows of £902m for the priorfinancial year as a whole. “Assets under management were £43.7bn at 30 September, approximately 43% higher than the £30.6bnreported at the beginning of the financial year. Strong net inflows during the quarter were more than offsetby adverse market movements, with AuM approximately 3% lower than the £45.0bn reported at 30 June. “Demand was strongest for our differentiated specialist strategies, led by Global Technology and ArtificialIntelligence. Healthcare, including Biotechnology, Smart Energy and several other strategies also contributedto net inflows. Client engagement remained high, particularly in Europe and Asia, while the geographic mix ofnew business continued to broaden. “Strong investment performance across several of our principal growth franchises continued to supportclient demand. “The external environment remains uncertain, with investor allocations influenced by market volatility,geopolitical developments and changing risk appetite. Against this backdrop, we believe that specialist activemanagers with a clear investment edge, strong performance and exposure to long-term structural themesremain well positioned.” Polar Capital plans to announce its interim results for the half year ended 30 September 2026 on 24November 2026. For further information please contact: Polar CapitalIain Evans (Chief Executive)Samir Ayub (Chief Financial Officer) +44 (0)20 7227 2700 Deutsche Numis – Nomad and Joint BrokerCharles Farquhar Duncan MonteithRajesh Iyer +44 (0)20 7545 8000 Peel Hunt LLP – Joint BrokerAndrew BuchananThomas Philpott +44 (0)20 3597 8680 Camarco – PREd Gascoigne-PeesJennifer RenwickPhoebe Pugh +44 (0)20 3757 4980
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