Analyst coverage and consensus

Analyst consensus

Analyst consensus for a range of metrics is provided below. The consensus represents up to 15 analyst forecasts for each metric and was compiled on the 18th July 2024, based on analyst research published between the 27th June and the 18th July 2024.

Analyst consensus	HY 2024	HY 2024	HY 2024	HY 2024
	Consensus	Median	Min	Max
Net operating revenue (£m)	663	665	646	677
Adjusted operating expenses (£m)	(545)	(546)	(560)	(530)
Adjusted operating profit (£m)	118	115	102	142
Adjusted net financing and investment return (£m)	44	41	35	63
Adjusted profit before tax (£m)	162	163	148	183
Adjusted capital generation (£m)	133	133	123	147
Net capital generation (£m)	69	63	57	109
Adjusted diluted earnings per share (p)	6.5	6.5	5.8	7.4
Dividend per share (p)	7.3	7.3	7.3	7.3
Net flows (£bn)	(0.9)	(0.9)	(3.0)	1.8
Assets under management and administration (£bn)	505.7	504.0	501.7	514.4

Analyst consensus	FY 2024	FY 2024	FY 2024	FY 2024
	Consensus	Median	Min	Max
Net operating revenue (£m)	1,314	1,318	1,281	1,343
Adjusted operating expenses (£m)	(1,081)	(1,083)	(1,097)	(1,067)
Adjusted operating profit (£m)	234	234	196	275
Adjusted net financing and investment return (£m)	84	79	70	116
Adjusted profit before tax (£m)	318	315	290	353
Adjusted capital generation (£m)	262	257	238	300
Net capital generation (£m)	147	149	113	209
Adjusted diluted earnings per share (p)	12.7	12.6	11.2	15.0
Dividend per share (p)	14.6	14.6	14.6	14.6
Net flows (£bn)	(3.5)	(3.8)	(8.4)	0.8
Assets under management and administration (£bn)	511.0	510.9	501.0	522.4

Analyst consensus	FY 2025	FY 2025	FY 2025	FY 2025
	Consensus	Median	Min	Max
Net operating revenue (£m)	1,296	1,296	1,236	1,341
Adjusted operating expenses (£m)	(1,029)	(1,031)	(1,058)	(983)
Adjusted operating profit (£m)	267	265	205	355
Adjusted net financing and investment return (£m)	71	69	59	98
Adjusted profit before tax (£m)	339	336	291	418
Adjusted capital generation (£m)	277	277	241	342
Net capital generation (£m)	226	234	204	245
Adjusted diluted earnings per share (p)	13.5	13.2	11.6	17.2
Dividend per share (p)	14.6	14.6	14.6	14.6
Net flows (£bn)	1.0	0.6	(6.0)	12.3
Assets under management and administration (£bn)	531.9	528.3	514.1	555.8

The forecasts used to produce this consensus have been provided to abrdn plc by a number of registered investment analysts and are, as such, publicly available information. None of abrdn plc nor any of its affiliates or their respective directors, officers or employees endorses or concurs with, has verified or commented upon, expresses any opinion in respect of, accepts any liability or responsibility for nor makes any warranty or representation (express or implied) as to the accuracy or completeness of the information or forecasts (collectively or individually) in this consensus, or the basis thereof, and does not intend to do so in the future. None of abrdn plc nor any of its affiliates or their respective directors, officers or employees assumes any obligation or responsibility to update, revise or supplement the information contained in the consensus whether to reflect circumstances existing after the date this consensus is published or otherwise.

Forecasts are by definition forward-looking and are therefore subject to risks and uncertainties that may cause actual results to differ from the forecasts expressed or implied.

This consensus is being provided for informational purposes only and is not intended to, nor does it, constitute any investment or financial advice or promotion or any solicitation to buy, hold or sell securities or other financial instruments.