Premier Miton Group plc
Premier Miton Group plc is a UK-based active asset management group listed on AIM (ticker PMI), managing a broad suite of funds and investment trusts across equities, fixed income, multi-asset and absolute return strategies. It operates a single, scalable investment platform with 53 products and closing Assets under Management ('AuM') of £10.3 billion at 30 September 2025, deriving its revenue from management and performance fees charged on AuM. Revenue is generated solely in the UK and Ireland, though the Group undertakes some transactions in US Dollars and Euros.
FY2025 in sixty seconds
year to 30 Sept 2025 · approved 3 Dec 2025 · 133 pages · Companies House
Premier Miton Group plc manages investment funds and earns fees on the money it looks after. In the year to 30 September 2025, revenue slipped to £63.3m from £64.0m, and profit before tax fell to £2.4m from £3.2m.
The report says more money left its funds than came in. The fee earned on each pound managed also fell, because the mix of funds investors held changed. Higher marketing spending, including a new brand look, added to costs. Profit was further held down by £1.4m of one-off costs, mainly from job cuts made to save money.
Cash at the year end fell to £31.3m from £35.9m, and the group has no bank borrowings. The dividend was kept at 6p a share, slightly more than its underlying earnings per share. Management said it is "cautiously optimistic" that conditions will improve. It is seeking further cost savings and may look at buying other firms. The auditor gave a clean opinion, and the directors found no doubt about the company's ability to keep trading.
Management fees on Assets under Management (AuM)
Revenue of £63.3m comprised management fees £63.4m less rebates £2.5m, performance fees £2.3m, and other income £0.1m; net management fee margin fell 4% to 56.7bps
page 26Net management fee margin decline
Net management fee margin fell 4% to 56.7bps (2024: 58.9bps) due to product mix change
page 26Chair: 'We remain well positioned to secure positive net inflows... as investor sentiment improves... We continue to explore a range of new business initiatives and are considering value additive M&A activity in our sector as the industry reshapes.'
page 7Pragmatic dividend approach reflecting market volatility and capital needs; proposed unchanged full-year dividend of 6.0p per share (interim 3.0p paid, final 3.0p recommended), representing a payout of 109% of adjusted EPS (marginally uncovered by earnings); dividend to be paid 13 February 2026 to shareholders on register 16 January 2026
page 911 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
2 figures restated in a later report
Every figure is read again from the following year’s report: 356 confirmed, 22 differ, 2 restated.
| Line | Year | As first filed | In the later report |
|---|---|---|---|
| FY2023 | £250kFY2023 report | £301kFY2024 report | |
| FY2023 | £74.6mFY2023 report | £68.5mFY2024 report |