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2025 Annual Report

2025 Performance

2025 was a pivotal year for Utmost

We delivered a strong set of results including record inflows of £9.7bn, taking assets under administration (AUA) to over £116bn. This performance reflects the strength of our enhanced global platform, the breadth of our distribution partnerships and the quality of our resilient business model.

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Our financial highlights

2025 highlights

£116.3bn

AUA (2024: £103.5bn)

+12%

£9.7bn

Inflows (2024: £6.8bn)

+43%

£224m

Operating Profit (2024: £176m)

+27%

£177m

Operating Cash Generation (2024: £142m)

+25%

46%

Operating Profit Margin (2024: 48%)

-2%

93%

Client Retention (2024: 92%)

+1%

Our strategic pillars

Enabling progress against our strategic pillars

  • Completion of Lombard International integration, offering clients a comprehensive and unified product offering
  • Rebrand of our Luxembourg business to Utmost Luxembourg, ensuring a consistent brand identity to market
  • Successfully rolled out our new contact system, Talkdesk, which makes it simpler for our customers and advisers to contact us
  • Sale of our BPA business, allowing singular focus on our wealth solutions business
  • Grew our AUA to £116.3bn, with six of our seven sales regions achieving double-digit growth in the year
  • Delivered £9.7bn of inflows in 2025, an increase of 43% on FY 2024
  • Progressed the alignment and simplification of our wealth solutions business’ operational processes to reduce touchpoints and enhance customer experience
  • Completed major updates to our core systems, enhancing our efficiency
  • Introduced a new internal AI assistant that assists our employees across various workstreams, including document analysis, translation and compliance of contracts
  • Over £92,000 raised across Utmost for local charities and community groups
  • 82% response rate to our annual groupwide engagement survey, with 85% of responses positive
  • Piloted standardised management training to ensure all managers are equipped to thrive

Hear from our CEO

a pivotal year
for Utmost

We delivered a strong set of results including record inflows of £9.7bn, taking AUA to over £116bn. This performance reflects the strength of our enhanced global platform, the breadth of our distribution partnerships and the quality of our resilient business model. Additionally, the growth in flows achieved throughout most of our regions along with robust client retention demonstrates the attractiveness and durability of our solutions which are deeply embedded in our HNW clients' long-term wealth planning.

Paul Thompson

Utmost CEO

Chief Executive Officer's Review

Hear from our CFO

Growing global client demand

In 2025, our business benefitted from growing global client demand for our long-term wealth solutions underpinned by a market environment that experienced, improving investment markets, reductions in central bank rates and continued uncertainty in fiscal and tax policy.

Ian Maidens

Utmost CFO

Chief Financial Officer's Review

TAKE A CLOSER LOOK

Read the Full 2025 Annual Report

Get a comprehensive view of our financial performance, strategic milestones and our vision for long-term growth.

Download annual report PDF