AMP's lifestyle app Citro

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AMP (AMP) 2025 Earnings Call Presentation
2025-07-21 04:00
AMP's Financial Performance and Strategy - AMP's FY24 NPAT was $107 million[16] - Platforms FY24 NPAT reached $72 million[18] - Super & Investments FY24 NPAT was $67 million[21] - AMP is focusing on wealth management after simplifying its portfolio[15, 11] - AMP is adopting a challenger brand mindset to drive performance in wealth businesses[9, 12] Retirement Solutions and Market Opportunity - Australia's superannuation savings pool is the world's fifth largest, worth $4.1 trillion and expected to reach $10 trillion by 2040[37] - Only 1% of post-retirement assets are in lifetime products, representing a $28 billion market opportunity[31] - Platforms market has grown 10% in the last 12 months to $760 billion[102] - AMP Super has $58 billion in total assets[137] - 94% of AMP's 580,000 members would benefit from Lifetime Super[68] North Platform Performance - North's total funds under administration are $83.2 billion[99] - North has $21.8 billion in Managed Portfolios funds under management[99, 120] - MyNorth Lifetime has over 2,000 members[99]