Financial Wire

AMP Says Q1 Platforms Net Cashflows Rise 45%, Starts AU$150 Million Buyback

-- AMP (ASX:AMP) said platform net cashflows for the first quarte rose 45% to AU$1.1 billion from AU$740 million in the same period a year earlier, according to a Thursday Australian bourse filing.

The company said superannuation and investments net cash outflows improved 26% to AU$80 million from AU$108 million in the prior corresponding period, while total assets under management across its wealth businesses stood at AU$155.9 billion, with the AMP Bank total loan book steady at AU$24.1 billion.

AMP said AMP Bank GO deposits rose AU$632 million from the fourth quarter of 2025 to AU$942 million, with full-year 2026 GO deposits now expected to exceed AU$1.5 billion, while all other guidance remains unchanged and subject to market conditions.

The company said its previously disclosed AU$150 million on-market share buyback is now commencing.

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