Slides
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1 London, 29 July 2025
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2 Business review Alvaro Perera - CFO Financial Update Alvaro Perera - CFO Appendix 1. 2. 3. 4. Opening remarks Annabel Spring - CEO
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Allfunds is a unique platform with a compelling growth opportunity 4 Investor Day in 1Q 2026 Investor Day in 1Q 2026 Global Wealth growing and becoming more sophisticated Allfunds ideally positioned in Wealth ecosystem to benefit oLeading B2B global WealthTech platform with unique ‘buy-free’ model plus innovative value added services oStrong relationships with distribution clients connecting with broad coverage of fund partners including growing alternative investments’ offering oClient-focused team with deep technical and digital expertise in a global local model oStrong growth trends for Wealth Management globally, driven by demographics, economics and digitalisation oIncreasing retail investor demand for open-architecture access and alternative investments oDistributor desire to reduce operational complexity leading to greater outsourcing
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Strong business performance continues AuA growth drivers showing positive momentum Solid revenue growth Adj. EBITDA continues growing Adj. Profit after tax expansion and strong cash flow generation Share buyback on track Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1Յ Net flows as a % of BoP AuA is defined as volumes of AuA annualised as a percentage of Platform Service AuA at the beginning of the relevant financial period ՄBoPՅ, which amounted to €1,083bn Մ2Յ As of July 21, 2025 New clients and market share gain +24 Distributors ֡51 Fund Houses 29.6% ֡2.9pp Y-o-Y €1,602bn ֡17% Y-o-Y €54bn ֡10% as of BoP AuA Մ1Յ €317m ֡6% Y-o-Y €277m ֡14% Y-o-Y €206m ֡4% Y-o-Y 65.0% ՞1.7 p.p. €124m ֡10% Y-o-Y €126m ֡15% Y-o-Y First tranche Մ€80m): 26.3% Մ2Յ executed Մ€250m in two years) 6 AuA EoP Revenues Adj. EBITDA Adj. PAT SBB Net Flows Revenues ex. NTI Adj. EBITDA Margin Normalised FCF Clients Market Share
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7 Source: Morningstar Direct. UCITS Net flows excluding money market funds Մ1ՅIncluding mutual funds and ETFs Մ2ՅSegment share of cross-border mutual funds (cross-border mutual funds are Luxembourg and Ireland domiciled mutual fund UCITS sold in more than one country) Recovery of mutual funds in Europe post Liberation-Day and continuation of open architecture penetration Net inflows into European UCITS Մ1Յ Figures in €bnQ1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 65 84 108 159 129 117 April May June 5 55 56 Open architecture penetration Մ2Յ Sources: Morningstar Direct and Novantigo. 1H 2024 1H 2025 56.1% 57.7% ֡1.6 p.p.
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AuA growth driven by positive flows Growth since Dec 24 10.0% % Over BoP AuA Մ2Յ Annualised 1,351 Note: 1H 2025 financial data unaudited. All figures excluding discontinued operations Մ1ՅFlows as the sum of total flows from existing clients and migrations Մ2Յ% over BoP AuA annualised is defined as volumes of AuA as a percentage of Platform Service AuA at the beginning of the relevant financial period ՄBoPՅ, which amounted to €1,083bn 8 1,083 1,126 421 54 55 476 Dec 2024 Net Flows ՞11 Market performance D&E Variation Jun 2025 1,503 1,602 Figures in €bnAllfunds AuA bridge ՞2.0% ֡7% €32bn €22bn Existing client flows Migrations o/w €35bn of migrations Plaƞorm Service D&E Մ1Յ
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53.7 36.0 ՞19.0 ՞17.5 ՞10.1 ՞20.2 9.4 19.1 32.0 1H 2021 2H 2021 1H 2022 2H 2022 1H 2023 2H 2023 1H 2024 2H 2024 1H 2025 Positive momentum continues for flows from existing clients 9 Flows from existing clients Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations €90bn ՞€36bn ՞€30bn €29bn Worst years for financial markets in more than a decade and temporary halt in shift towards open-architecture Figures in €bn
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New clients breakdownCapturing segment share from competitorsNew Fund houses onboardedby Region % based on number of distributors onboarded by Origin % based on number of distributors onboarded 10 Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1Յ Refers to Central and Northern Europe Մ2Յ Refers to Middle East and Africa 45.1% 54.9% Alternatives Traditional 50.0% 25.0% 25.0% Shift from in-house to outsourced model Captured from platforms / legacy providers New in open-architecture model 20.8% 16.7% 16.7% 12.5% 8.3% 8.3% 8.3% 4.2% 4.2% ME&A Asia UK&I CNE Americas Benelux Italy Iberia France 24 Մ1Յ Մ2Յ Platform service migrations, a stable engine of growth by type of fund % based on number of FHs onboarded Distributors Fund Houses 51 24 by Size % based on total AuA of migrations Diversified client base68.2% 13.6% 13.6% 4.5% €100m ՞ €500m €500m ՞ €1bn €1bn ՞ €5bn ֜5bn €22bn
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Allfunds Alternatives Solutions: A key growth driver Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1Յ Distribution includes APP program and other local products distribution (i.e. other ELTIFs, FCRs) 9.4 13.5 10.1 13.3 Dec 2024 Jun 2025 19.4 26.8 ֡38% Figures in €bn Sustained growth in Alternatives business 11 AuA under distributionՄ1Յ growing at 32% year to date, reaching €13.3bn oAllfunds Private Partners AuA ՄAPPՅ 2.5x to €3.7bn As of June 2025, Allfunds has 191 alternatives asset managers on our platform ֡33% vs Dec 2024Յ Distribution Execution
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Our flywheel effect continues to drive the expansion of platform business Segment ShareBased on European Cross-border UCITS Մ1Յ 12 Fund HousesTotal number of Fund Houses DistributorsEvolution of Distributors by region 8.0% 9.1% 7.7% 16.8% 13.8% 20.1% 24.5% 1H 2022 1,377 1,437 1H 2024 1H 2025 ֡4.4% 1H 2024 1H 2025 26.7% 29.6% ֡2.9 p.p. Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1ՅSources: Morningstar Direct and Novantigo. Cross-Border mutual funds are Luxembourg and Ireland domiciled mutual fund UCITS sold in more than one country. Մ2ՅRefers to Middle East and Africa Մ3ՅRefers to rest of Europe Italy Iberia Americas RoE Asia ME&A UK&I 849 919 8.2% 8.7% 11.6% 17.6% 13.7% 18.1% 22.1% 1H 2025 ֡8.2% Մ2Յ Մ3Յ
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% Y-o-Y Change 1H 2024 1H 2025 Figures in €m 298.2 316.8 Net revenue 244.1 277 .3 Net revenue (ex. NTIՅ 198.8 205.9 Adjusted EBITDA 66.7% 65.0% Adjusted EBITDA margin 113.3 124.1 Adjusted Profit After Tax 0.18 0.20 Adjusted EPSՄ1Յ 109.1 125.6 Normalised FCF Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1ՅAverage shares for 1H 2025 amounted to 610,030,444. Average shares for 1H 2024 amounted to 618,890,922 14 ֡6% ֡4% ՞1.7 p.p ֡10% ֡11% ֡15% Resilient business performance: growth and value creation continue ֡14%
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Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Delivering consistent and structural revenue growth 15 Figures in €m Net revenue 157 .1 182.0 55.7 61.5 54.1 39.5 31.3 33.7 1H 2024 1H 2025 298.2 316.8 ֡6% ֡14% ex. NTIՅ Commission revenue Transaction revenue Net Treasury Income Subscription revenue ֡16% ֡10% ՞27% ֡8%
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1H 2024 Platform Margin c. 5.7 bpsՄ2Յ c. 0.2 bpsՄ3Յ c. 4.0 bpsՄ4Յ AuA 1H 2024 (€bn) Մ1Յ 965 408 1,373 Platform Service Dealing & Execution Aggregate 1H 2025 Platform Margin c. 5.1 bpsՄ2Յ c. 0.3 bpsՄ3Յ AuA 1H 2025 (€bn) Մ1Յ 1,126 476 c. 3.7 bpsՄ4Յ 1,602 Platform margin evolution (bps) Deep dive on platform margin (bps) 2.4 2.4 0.8 0.8 0.8 0.5 1H 2024 ՞0.30 NTI margin ՞0.04 Transaction revenue margin 1H 2025 4.0 3.7 NTI margin Transaction revenue margin Commission revenue margin Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1ՅEnd of Period AuA as 30 June Մ2ՅCalculated as average annualised revenues over average AuA of €922bn and €1,107bn, respectively Մ3ՅCalculated as average annualised revenues over average AuA of €406bn and €437bn, respectively Մ4ՅCalculated as average annualised revenues over average AuA of €1,328bn and €1,544bn, respectively Մ5ՅBased on Total AuAs 1H 2025, taking into consideration all countries and not just countries under MiFiD II Platform margin performance affected by net treasury income 16 Shift to non rebate-earnings AuA evolutionՄ5Յ 11% 89% 1H 2024 10% 90% 1H 2025 Rebate-earning AuA Non-rebate earning AuA c. 3.2 bpsՄ4Յ 1,373 Aggregate ex. NTI c. 3.2 bpsՄ4Յ 1,602
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Figures in €m Continued investment in the platform Adjusted Costs bridge 17 Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations 62.0 66.1 43.0 48.7 1H 2024 1.8 1.6 Inflation / Salary Increase 0.6 1.7 Tech Enhancement 0.4 Variable Costs 1.7 1.9 ETPs & Subscription 1H 2025 104.9 114.7 ֡9% SG&A Personnel 3.2% 2.2% 0.4% 3.5%
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Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations 18 Figures in €m Adjusted EBITDA Figures in €m Reported EBITDA 198.8 205.9 1H 2024 1H 2025 ֡4% 175.8 182.4 1H 2024 1H 2025 ֡4% Adj. EBITDA margin Reported EBITDA margin Normalised Cash flow generation Figures in €m 65.0% 66.7% 57.6% 58.9% Solid cash flow generation 109.1 125.6 1H 2024 1H 2025 ֡15%
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Capital light business, strong capital generation 19 Figures in €m Pillar 1 RWAs 1,073.0 872.2 633.9 691.5 10.9 Dec 2024 19.0 Jun 2025 1,717 .7 1,582.7 Market Risk Credit Risk Operational Risk 326.4 300.7 269.8 266.6 Dec 2024 Jun 2025 596.1 567 .3 CET 1 ratio Մ%Յ Min. CET1 Excess capital Note: 1H 2025 financial data unaudited. Perimeter of Allfunds Banking Group Մ1ՅCET1 figures including profit Մ2ՅMinimum capital requirement of 19% as of June 2025 and December 2024 Մ3ՅNet Financial Debt calculated as Gross Financial Debt minus cash at plc level minus notional excess capital above minimum capital requirement of 19% 36% 35% Figures in €m CET1 Figures in €m Net Financial debt 140.8 106.9 0.35x Dec 2024 0.26x Jun 2025 Net Financial Debt Leverage ratio Մ2Յ Մ3Յ Մ1Յ
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20 Looking ahead: platform poised for future growth ՞1% as of June 2025 Flat contribution for the remainder of the year Market performance €100bn ՟ €120bn Մ€50՞60bn Migrations + c.5% Organic flowsՄ1Յ) Platform services net flows c.10%Մ2Յ Platform service AuA growth 3% ՟ 4%Մ3Յ Revenue growth c. 10% Revenue growth excluding NTI Mid-single digit o/w Subscription revenues growth In line with 1H 2025 Adj. EBITDA Margin Մ%Յ Մ1ՅFlows from existing clients as % of BoP Platform service AuA Մ1,083bn) Մ2ՅPlatform service AuA growth c. 10% to c. €1.2tr Մ3ՅAssuming 30% Y-o-Y decline in Net Treasury Income ՄNTIՅ Note: All figures excluding Discontinued Operations 2025 Outlook
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Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1ՅRecurring provisions related to the normal course of the business Մ2ՅCash tax rate over Adjusted PBT (including tax step-up) 1H 2025 ՟ Income Statement 22 Change H-o-H Մ%Յ 2H 2024 Change Y-o-Y Մ%Յ 1H 2024 1H 2025 Figures in € million, unless otherwise stated 2.1% 277.3 6.1% 266.9 283.1 Net Platform revenue Մ4.4Յ% 35.3 7.7% 31.3 33.7 Net subscription revenue 1.3% 312.6 6.2% 298.2 316.8 Net revenue Մ4.8Յ% Մ69.4Յ 6.7% Մ62.0Յ Մ66.1Յ Adj. personnel expenses 13.0% Մ43.1Յ 13.2% Մ43.0Յ Մ48.7Յ Adj. SG&A 2.0% Մ112.5Յ 9.4% Մ104.9Յ Մ114.7Յ Adjusted expenses n.m 2.0 Մ31.1Յ% 5.5 3.8 Other operating income / (expense) 1.9% 202.1 3.5% 198.8 205.9 Adjusted EBITDA 0.3 p.p. 64.6% Մ1.7 p.p.) 66.7% 65.0% Adj. EBITDA margin Մ%Յ Մ22.7Յ% Մ13.5Յ Մ25.5Յ% Մ14.0Յ Մ10.4Յ Finance costs 5.9% Մ21.8Յ 7.2% Մ21.6Յ Մ23.1Յ D&A (ex. PPA intangibles amortisation) n.m Մ1.5Յ 49.9% Մ2.5Յ Մ3.8Յ ProvisionsՄ1Յ 2.0% 165.2 4.9% 160.7 168.5 Adj. profit before tax Մ2.1Յ p.p. 28.5% Մ3.1Յ p.p. 29.5% 26.4% Adjusted cash tax rate Մ%Յ Մ5.5Յ% Մ47.1Յ Մ6.3Յ% Մ47.5Յ Մ44.5Յ Adj. cash tax expense Մ2Յ 5.0% 118.1 9.5% 113.3 124.1 Adj. profit after tax Memo: n.m 2.1 1.5% Մ23.1Յ Մ23.4Յ Separately Disclosed items Մ10.7Յ% 204.2 3.8% 175.8 182.4 Reported EBITDA Մ7.7 p.p.) 65.3% Մ1.3 p.p.) 58.9% 57.6% Reported EBITDA margin Մ%Յ
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Diversified EquityContinue growing with active investmentsDiversified Fixed incomeMulti-asset well balancedby Region % based on total Platform Service AuA by Style % based on total Platform Service AuA by Product % based on total Platform Service AuA 91.5% 8.5% 56.2% 15.3% 16.4% 8.3% 3.8% Global USA Europe Asia Rest 39.6% 15.7% 15.6% 13.6% 7.1% 4.9% 3.5% General Fixed income Corporate bonds Short-term High-Yield Emerging FI Sovereign debt Rest 24.1% 19.7% 20.1% 16.8% 5.1% 6.0% 8.2% Global ՞ Balanced Global ՞ Flexible Aggressive Conservative Balanced Target Maturity Rest by Product % based on total Platform Service AuA Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations 23 Active ETFs/Passives Platform service AuA breakdown
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Italy Iberia UK&I RoE RoW France and Benelux Platform service AuA breakdown Note: 1H 2025 financial data unaudited. Based on Allfunds Platform service AuA. All figures excluding Discontinued Operations Մ1ՅIncludes stockbrokers / broker dealers, custodian, IFA platform, endowments / foundations, test, investment bank and others Մ2ՅRest of Europe refers to Nordics and Central Europe Մ3ՅRest of World includes Asia, US and LatAm by Asset Class by Type of Client by Geography 31% 31% 24% 27% 18% 15% 11% 11% 3% 4% 12% 12% 1H 2024 1H 2025 43% 41% 29% 30% 18% 17% 6% 7% 4% 4% 1H 2024 1H 2025 Equity Fixed Income Multi-Asset Guaranteed/MM/Others Alternative UCITS 39% 35% 19% 19% 12% 16% 12% 12% 9% 9% 8% 9% 1H 2024 1H 2025 Մ1Յ Մ2Յ Մ3Յ Bank Private Banks Insurance Asset Management Custodian Others 24
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Platform service flows from existing clients Flows from existing clients breakdown Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1ՅRest of the World considers Asia Pacific, US, Latin America and Middle East Մ2ՅRest of Europe considers UK, Benelux, France, Northern, Central, Southern (ex-Italy and Spain) and Eastern Europe. Մ3ՅFlows from existing clients in private markets 25 3.3 6.1 9.7 9.5 23.8 8.2 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 2.8 6.4 11.3 11.4 Rest of World Italy Rest of Europe Spain ՞1.3 0.6 2.2 2.3 13.8 14.4 Multi Asset Equity Alternative UCITS Alternative non- UCITS Fixed Income Money Market Մ1Յ By Region Մ1H 2025Յ Մ3Յ Մ2Յ Figures in €bn By Asset Class Մ1H 2025Յ
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Net Treasury Income: Cash volume growth aims to mitigate rate headwinds Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1Յ Other currencies refer to Great Britain Pound ՄGBPՅ, Swiss Franc ՄCHFՅ, South African Rand ՄZARՅ, Chinese Yuan ՄCNYՅ, Swedish Krona ՄSEKՅ, Japanese Yen ՄJPYՅ, Hong Kong Dollar ՄHKDՅ Figures in €m Average cash balances 26 Strategically invested: c.66% in Central Banks and 74% in Euros By type of investment 2,576 2,903 Jun 2024 Jun 2025 ֡13% By currency 66% 26% 8% 74% 18% 8% Euro US Dollar Other Central Banks Cash Accounts Term deposits Մ1Յ
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27 Transformational Non-transformational Continued investment in Capex Non-transformational Capex as a % of net revenue Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1ՅTransformational capex refers to infrastructure and data driven developments alongside with advancements of Blockchain and digital capabilities 27 13.4 17.4 12.2 11.2 12.6 9.2 1H 2024 2H 2024 1H 2025 24.6 30.0 21.4 Մ1Յ 3.8% 5.6% 4.5% Figures in €m
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Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Solid cash flow generation 28 Figures in €m 1H 2025 cash flow generation Historical cash flow generation Figures in €m 206 126 44 21 Adj. EBITDA 1H 2025 Adj. cash tax expense Capex ex. IFRS 16 10 Finance costs 4 Rental expense Normalised Free Cash Flow 1H 2025 86 109 126 1H 2023 1H 2024 1H 2025
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Net financial debt / Adj. EBITDA ratioՄ4Յ Net financial debt 29 Allfunds has currently a low leverage ratio Jun 2025 Dec 2024 412.0 412.0 Gross financial debt Մ38.6ՅՄ1Յ Մ1.4Յ Cash at Allfunds Group Plc 567.3 596.1 CET1 capital Մ300.7Յ Մ326.4Յ Min. Capital required Մ2Յ Մ266.6Յ Մ269.8Յ Excess capital 106.9 140.8 Net financial debt Մ3Յ Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1ՅConsiders €24m upstreamed for the share buyback program Մ2ՅMinimum capital requirement assumes a min. CET1 ratio of 19% as of June 2025 and December 2024 Մ3ՅNet Financial Debt calculated as Gross Financial Debt minus cash at plc level minus notional excess capital above minimum capital requirement of 19% Մ4ՅCalculated as Net Financial Debt over LTM Adj. EBITDA Figures in €m 0.35x 0.26x Dec 2024 Jun 2025 ՞26%
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ALLFUNDS GROUP PLC ՄUnited Kingdom) Liberty Partners, S.L. Unipersonal ՄSpain) ALLFUNDS BANK S.A.U. Spanish bank ՄSpain) 100% 100% Entities supervised by Bank of Spain “Allfunds Banking Group” Change vs Dec-24 Dec 2024 Jun 2025 Figures in €m % Amount 9% 58 634 692 Credit Risk ՞19% Մ201Յ 1,073 872 Operational Risk 75% 8 11 19 Market Risk Մ8Յ% Մ135Յ 1,718 1,583 RWAs ՞ Pillar 1 7 p.p. -- 38% 45% Credit and Market Risk Մ% of total RWAՅ Մ7Յ p.p. -- 62% 55% Operational Risk Մ% of total RWAՅ Մ5Յ% Մ29Յ 596 567 CET1 (incl. Profit) 1.1 p.p. -- 34.7% 35.8% CET1 ratio (incl. Profit) Regulatory supervision and solvency position Allfunds Banking Group ՞ Solvency position 30 Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations
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Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Bridge to reported figures 31 Change H-o-H Մ%Յ 2H 2024 Change Y-o-Y Մ%Յ 1H 2024 1H 2025 Figures in € million, unless otherwise stated 1.9% 202.1 3.5% 198.8 205.9 Adjusted EBITDA 34.3% Մ0.3Յ 58.0% Մ0.3Յ Մ0.4Յ Transitional Service Agreements ՄTSAs) Մ51.2Յ% Մ2.5Յ Մ56.9Յ% Մ2.9Յ Մ1.2Յ Consultancy costs, legal fees and M&A Մ31.5Յ% Մ7.4Յ Մ11.7Յ% Մ5.7Յ Մ5.0Յ LTIP & exceptional compensation -- -- n.m Մ7.0Յ -- Spanish bank levy n.m Մ3.9Յ n.m Մ5.2Յ Մ13.9Յ Restructuring costs n.m 16.2 36.3% Մ2.1Յ Մ2.8Յ Other non-recurring items Մ10.7Յ% 204.2 3.8% 175.8 182.4 Reported EBITDA Մ22.7Յ% Մ13.5Յ Մ25.5Յ% Մ14.0Յ Մ10.4Յ Finance costs 5.9% Մ21.8Յ 7.2% Մ21.6Յ Մ23.1Յ D&A (ex. PPA intangibles amortisation) 4.5% Մ60.2Յ Մ1.4Յ% Մ63.8Յ Մ62.9Յ D&A ՄPPA intangibles amortisation) Մ72.0Յ% Մ14.6Յ n.m Մ2.5Յ Մ4.1Յ Provisions & Extraordinary results Մ12.9Յ% 94.1 10.9% 73.9 81.9 Profit before tax 16.4% Մ33.0Յ Մ14.3Յ% Մ44.9Յ Մ38.4Յ Tax expenses Մ28.8Յ% 61.1 49.9% 29.0 43.5 Profit after tax
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Note: 1H 2025 financial data unaudited. All figures excluding Discontinued Operations Մ1ՅAdj. cash tax expense in 1H 2025 based on 26.4% cash tax rate over Adjusted PBT (including the impact of the tax step-up from Italy) Bridge from Adjusted and Reported figures 32 Separately disclosed items - items affecting Adj. EBITDA Change H-o-H Մ%Յ 2H 2024 Change Y-o-Y Մ%Յ 1H 2024 1H 2025 Figures in € million, unless otherwise stated 34.3% Մ0.3Յ 58.0% Մ0.3Յ Մ0.4Յ Transitional Service Agreements ՄTSAs) Մ51.2Յ% Մ2.5Յ Մ56.9Յ% Մ2.9Յ Մ1.2Յ Consultancy costs, legal fees and M&A Մ31.5Յ% Մ7.4Յ Մ11.7Յ% Մ5.7Յ Մ5.0Յ LTIP & exceptional compensation -- -- n.m Մ7.0Յ -- Spanish bank levy n.m Մ3.9Յ n.m Մ5.2Յ Մ13.9Յ Restructuring costs n.m 16.2 36.3% Մ2.1Յ Մ2.8Յ Other non-recurring items n.m 2.1 1.5% Մ23.1Յ Մ23.4Յ Total Bridge from Adj. PAT to PAT ՞ Items affecting Adj. Profit / ՄLoss) after tax Change H-o-H Մ%Յ 2H 2024 Change Y-o-Y Մ%Յ 1H 2024 1H 2025 Figures in € million, unless otherwise stated 5.0% 118.1 9.5% 113.3 124.1 Adj. Profit after tax n.m 2.1 1.5% Մ23.1Յ Մ23.4Յ Separately Disclosed items 4.5% Մ60.2Յ Մ1.4Յ% Մ63.8Յ Մ62.9Յ D&A ՄPPA intangibles amortisation) Մ97.8Յ% Մ13.1Յ n.m Մ0.0Յ Մ0.3Յ Extraordinary results 16.4% Մ33.0Յ Մ14.3Յ% Մ44.9Յ Մ38.4Յ Tax expenses Մ5.5Յ% 47.1 Մ6.3Յ% 47.5 44.5 Adj. cash tax expense Մ1Յ Մ28.8Յ% 61.1 49.9% 29.0 43.5 Profit after tax
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This presentation is delivered solely as reference material and is merely for information purposes. It does not constitute an offer to sell or a solicitation of an offer to buy any holdings and shares in any of the Allfunds group companies nor in any of the funds which may be available through Allfunds Bank, S.A.U from time to time. The Allfunds Group includes Allfunds Bank S.A.U. which is a Spanish credit entity duly regulated by the Bank of Spain and authorised by the Spanish Securities Market Commission ՄCNMVՅ to act as a broker and fund distributor and a wholly-owned Hong Kong incorporated subsidiary, Allfunds Hong Kong Limited that is licenced by the Hong Kong Securities and Futures Commission ՄSFCՅ to conduct the regulated activities of dealing in collective investment schemes and advising on collective investment schemes. Allfunds Bank, S.A.U. operates through branches in the United Kingdom ՄLondon) where it is authorised and regulated by the Financial Conduct Authority ՄFCAՅ and the Prudential Regulation Authority ՄPRAՅ, in Singapore where it is authorised by the Monetary Authority of Singapore ՄMASՅ, in Italy ՄMilan) where it is authorised by the Banca D´Italia, in Paris authorized and regulated by the Autorité de contrôle prudentiel et de résolution (“ACPR”) and Autorité des Marchés financiers ՄAMFՅ, in Warsaw where it is registered with the Register of Entrepreneurs of the National Court Register and supervised by the Polish Financial Supervision Authority, in Luxembourg where it is authorised by the CSSF ՄCommission du Surveillance du Secteur Financiere), in Zurich where it is authorised by the Swiss Financial Market Supervisory Authority ՄFINMAՅ and in Stockholm, where it is duly authorised as a branch of a foreign bank and supervised by the Financial Market Supervisory Authority Finansinspektionen. In addition, Allfunds Bank S.A.U. has representative offices in Santiago de Chile registered with the Superintendencia de Bancos e Instituciones Financieras ՄSBIFՅ, in Dubai, in the Dubai International Financial Centre ՄDIFCՅ which is regulated by the Dubai Financial Services Authority ՄDFSAՅ, in Sâu Paulo, Brazil, duly registered with Banco Central Do Brasil, in Bogotá, Colombia, duly registered with the Superintendencia Financiera de Colombia ՄSFCՅ and in Miami where it is supervised with the Federal Reserved. In countries other than the ones referred to above, Allfunds Bank, S.A.U does not have a local branch nor a representative office and may have not requested the relevant licence to render investment services on a cross border basis. In this regard, this document should not be deemed as an offer of investment services by Allfunds Bank, S.A.U . Allfunds Bank, S.A.U shall decide at its own discretion or if it were stabilised by the local regulation to take the relevant steps to register with the local authorities in those other countries. No part of this material may be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient, without Allfunds Bank, S.A.U prior written consent. The information in the document is and must be treated as confidential. Disclosure of any information contained in this document could give rise to a crime of confidence among others (save in respect for information that we have specifically agreed upon with you in writing or otherwise dealt with in this document, which is not confidential) except where (i) the disclosure of such information has been consented to by Allfunds Bank, S.A.U. (ii) such information is required to be disclosed pursuant to the applicable law and regulation and/or (iii) the relevant information is publicly available. If you are in any doubt as to whether information that we have provided to you, and which is in your possession is confidential please consult with Allfunds Bank S.A.U prior to the disclosure of such information. Should you wish to invest in funds not domiciled in your country of residence, please consult your local regulatory and tax requirements and/or consequences? You are also urged to take appropriate advice regarding any applicable legal requirements and any applicable taxation and exchange control regulations in the country of your citizenship, residence or domicile that may be relevant to the subscription, purchase, holding, exchange, redemption or disposal of any share in funds. We refer you to the information and relevant materials for a more complete discussion of the risks relating to an investment in any particular fund. You are urged to read all of the offering materials, including the entire prospectus, prior to any investment in any fund, and to ask questions of the investment manager or sponsor of such funds. Although certain information has been obtained from independent sources believed to be reliable, we do not guarantee its veracity, accuracy, completeness or fairness. Nevertheless, we have relied upon and assumed without independent verification, the accuracy and completeness of all information available from those independent sources. Copyright © 2025, Allfunds Bank, S.A.U. All rights reserved
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