Schroders PLC (LSE:SDR) shares rose 8.1% to 451.2p after the asset manager said profits for 2025 should exceed market expectations.
The FTSE 100 group said it expects adjusted operating profit of at least £745 million for the past financial year, up from £603.1 million in 2024.
Adjusted net operating income is predicted to top £2.6 billion, reflecting improved management and performance fees, carried interest, and market returns.
Operating expenses are anticipated to be broadly flat, resulting in a lower cost-income ratio of approximately 71%.
Assets under management, including joint ventures and associates, reached around £825 billion by year-end, up from £778.7 billion the year before, supported by positive investment performance, market growth, and net new business (NNB) of roughly £11 billion.
Public markets generated NNB of £3.9 billion, while the Schroders Capital private markets division contributed £4.5 billion, including around £0.5 billion from the Future Growth Capital joint venture with Phoenix Group Holdings PLC (LSE:PHNX).
Wealth management NNB totalled approximately £3.4 billion, with UK private client inflows within target, though some outflows were seen from charity clients.
In topping 451p, up over 33p on the day so far, the shares reached their highest level since the summer of 2023.