The first semester of 2025 was marked by all-time highs of Assets under management and record inflows
With net inflows of +€52bn year-to-date, we delivered a performance in the first half of the year equivalent to that of the whole of 2024.
The depth of our offer and our extensive expertise allow us to respond effectively to our clients' requests, whether through our active management, passive management, responsible investment, employee savings, technology services or fund distribution solutions.
We thus continued to grow both in terms of activity and results, with revenues1 up +5% and income before tax1 which increased by +4% over the first half.
With €2,267bn in assets under management2, we are the only European player in the top 10 global asset managers, and its platform is a preferred gateway for players wishing to invest on the continent.
- Adjusted data : In order to present an income statement that is closer to economic reality, the following adjustments have been made: restatement of the amortization of distribution agreements with Bawag, UniCredit and Banco Sabadell, intangible assets representing the customer contracts of Lyxor and, since the second quarter of 2024, Alpha Associates, as well as other non-cash expenses related to the acquisition of Alpha Associates; These depreciation and amortization and non-cash expenses are recognized as a deduction from net revenues; restatement of the amortization of a technology asset related to the acquisition of AIXIGO recognized in operating expenses. The integration costs for the transaction with Victory Capital are also restated.
- Assets under management and net inflows including assets under advisory and marketed and funds of funds, including 100% of assets under management and net inflows from Asian JVs; for Wafa Gestion in Morocco, assets under management and net inflows are taken over by Amundi in the capital of the Joint-Venture.