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AMP Shares Plunge Most Since 2003 After Full-Year Earnings Miss

Joe Flynn
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Sydney-based AMP Ltd. suffered its steepest share drop since 2003 after reporting full-year 2025 profits far below analyst expectations, with net income plunging to A$133 million. The financial services firm’s earnings missed the A$219.5 million consensus estimate, marking a decline from A$150 million in 2024 due to legacy legal settlements and restructuring costs. AMP attributed the shortfall to ongoing business simplification efforts and unresolved historical legal issues, which weighed heavily on its financial performance. The wealth management and retirement savings provider’s stock decline reflects investor disappointment over weaker-than-anticipated results and persistent operational challenges. The earnings report underscores AMP’s struggle to stabilize profits amid regulatory pressures and internal restructuring, raising concerns about its long-term growth strategy.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000AMP Ltd., the Sydney-based firm that spans wealth management and retirement savings, sank the most in more than two decades after full-year profits missed expectations.AMP reported net income of A$133 million ($95 million) for 2025, down from A$150 million a year earlier, in a statement Thursday. The result reflected the settlement of legacy legal matters and costs tied to simplifying the business, AMP said, and fell well short of the A$219.5 million consensus estimateBloomberg Terminal compiled by Bloomberg.

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