Liontrust profits fall another 28% as AUM continues to decline

In its half-year results published today (November 21), the company reported a fall in adjusted profit for the year compared with the £36 million recorded in 2023, driven by a 19% fall in net revenue to £81.1 million. This was partly offset by a 36% year-on-year decrease in operating expenses to £69.8 million. In October, Liontrust reported a 4% fall in assets under management and advice (AuMA) for the three months ended September 30, 2024, and the figure has since fallen further to £25.2 billion. Peel Hunt analysts Robert Sage and Stuart Duncan noted that while “the AUM decline is not helpful, the mid…