Declared Dividend • Jun 06
Final dividend of UK£0.074 announced Shareholders will receive a dividend of UK£0.074. Ex-date: 16th July 2026 Payment date: 6th August 2026 Dividend yield will be 5.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 05
Ninety One Group to Report Fiscal Year 2027 Results on Jun 03, 2027 Ninety One Group announced that they will report fiscal year 2027 results on Jun 03, 2027 Reported Earnings • Jun 04
Full year 2026 earnings released: EPS: UK£0.17 (vs UK£0.17 in FY 2025) Full year 2026 results: EPS: UK£0.17 (up from UK£0.17 in FY 2025). Revenue: UK£650.2m (up 9.4% from FY 2025). Net income: UK£153.5m (up 2.3% from FY 2025). Profit margin: 24% (down from 25% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Capital Markets industry in Germany. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Non-Executive Director Charles Harman was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 16
Ninety One Group to Report Q4, 2026 Results on Apr 16, 2026 Ninety One Group announced that they will report Q4, 2026 results on Apr 16, 2026 Announcement • Nov 18
Ninety One Group Declares an Interim Dividend for the Six Months Ended September 30, 2025, Payable on December 19, 2025 Ninety One Group announced that the Board has declared an interim dividend of 6.0 pence per share for the six months ended 30 September 2025, an estimated £53.8 million in total, (Six months to 30 September 2024: 5.4 pence per share). The interim dividend will be paid on 19 December 2025 to shareholders recorded on the UK and South African share registers on 5 December 2025. Announcement • Aug 08
Ninety One Group to Report First Half, 2027 Results on Nov 17, 2026 Ninety One Group announced that they will report first half, 2027 results on Nov 17, 2026 Announcement • Jul 25
Ninety One Group Approves Election of Khumo Shuenyane as Sustainability, Social and Ethics Committee Member Ninety One Group approved election of Khumo Shuenyane as Sustainability, Social and Ethics Committee Member. Announcement • Jul 02
Ninety One Announces Management Changes Ninety One has appointed David Knee as its new head of multi-asset. Knee, who will assume the role toward the end of 2025, brings with him more than 30 years of experience managing multi-asset and fixed income portfolios across South Africa and the UK. He joins from M&G Investments in London, where he most recently served as co-deputy chief investment officer for fixed income. Prior to that, he held the position of chief investment officer at M&G Investments Southern Africa from 2016. In his new role, Knee will oversee the firm’s global multi-asset teams and also act as co-portfolio manager on strategies and play a central role in advancing Ninety One’s macro research process. Alongside Knee’s appointment, Ninety One also announced the promotion of Rehana Khan to co-head of South Africa equity and multi-asset, a role she will share with Hannes van den Berg. Khan will also join the global strategic managed portfolio management team, contributing her expertise in specialist equities. She previously worked with Knee at M&G Investments Southern Africa before joining Ninety One in 2020. Announcement • Jan 28
Ninety One Appoints Steven Woolley as Head of Research for its Value Team Ninety One has appointed Steven Woolley as head of research for its value team. As a result of the move, Woolley steps off the management of Ninety One’s €530 million UK Special Situations, €110 million Global Special Situations, €42.5 million Discovery Global Value Equity Feeder and €57 million Global Value Equity funds. Steve has been appointed head of research for the value team and will lead on all analytical and investment research and data. Announcement • Jan 17
Ninety One Group to Report Q4, 2025 Results on Apr 17, 2025 Ninety One Group announced that they will report Q4, 2025 results on Apr 17, 2025 Announcement • Jan 06
Ninety One Appoints Project Finance Expert as Alternative Credit Chief Ninety One has appointed Alper Kilic as head of alternative credit as the asset manager seeks to further build out its emerging markets-focused alternative offering. The fund house said Kilic, who will be based in London, will lead a 40-strong team covering private credit and infrastructure capabilities. He brings nearly 30 years of industry experience, having most recently been global head of project and export finance at Standard Chartered Bank. He joined Standard Chartered in 2008 and held several key roles, including regional head of corporate finance for Europe. Kilic began his career at Citibank, where he worked in both the Istanbul and London offices specialising in corporate finance and structured trade finance. Kilic’s appointment comes shortly after Ninety One announced the first close of its Africa Credit Opportunities Fund 3, which raised $260m. Buy Or Sell Opportunity • Oct 22
Now 20% undervalued Over the last 90 days, the stock has risen 6.1% to €2.08. The fair value is estimated to be €2.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 2.8%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 1.7% per annum over the same time period. Buy Or Sell Opportunity • Oct 02
Now 21% undervalued Over the last 90 days, the stock has risen 4.0% to €2.08. The fair value is estimated to be €2.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 2.8%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 1.5% per annum over the same time period. Upcoming Dividend • Jul 11
Upcoming dividend of UK£0.064 per share Eligible shareholders must have bought the stock before 18 July 2024. Payment date: 08 August 2024. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.8%). Announcement • Jun 08
Ninety One Group, Annual General Meeting, Jul 25, 2024 Ninety One Group, Annual General Meeting, Jul 25, 2024. Location: 55 gresham street, ec2v 7el, london United Kingdom Declared Dividend • Jun 07
Final dividend of UK£0.064 announced Shareholders will receive a dividend of UK£0.064. Ex-date: 18th July 2024 Payment date: 8th August 2024 Dividend yield will be 7.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 1.0% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 3.3% over the next 3 years. However, it would need to fall by 26% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jun 06
Full year 2024 earnings released Full year 2024 results: Revenue: UK£588.5m (down 6.2% from FY 2023). Net income: UK£163.9m (flat on FY 2023). Profit margin: 28% (up from 26% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Announcement • Jun 06
Ninety One PLC Recommends Final Dividend for Year Ended March 31, 2024, Payable on August 8, 2024 The board of Ninety One PLC has recommended gross final dividend of 6.4 pence per ordinary share from income reserves in respect of the financial year ended March 31, 2024. The final dividend will be paid on August 8, 2024 to shareholders recorded in the shareholders' registers of the company on close of business July 19, 2024. Ninety One plc shareholders registered on the United Kingdom share register, will receive their dividend payment by Ninety One plc of 6.4 pence per ordinary share. Ninety One plc shareholders registered on the South African branch register, will receive their dividend payment by Ninety One Limited, on the SA DAS share, equivalent to 6.4 pence per ordinary share. Announcement • Apr 16
Ninety One Group to Report Fiscal Year 2024 Results on Jun 05, 2024 Ninety One Group announced that they will report fiscal year 2024 results on Jun 05, 2024 Announcement • Jan 16
Ninety One Group to Report Q4, 2024 Results on Apr 16, 2024 Ninety One Group announced that they will report Q4, 2024 results on Apr 16, 2024 Upcoming Dividend • Nov 30
Upcoming dividend of UK£0.059 per share at 7.1% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.9%). Reported Earnings • Nov 17
First half 2024 earnings released: EPS: UK£0.089 (vs UK£0.094 in 1H 2023) First half 2024 results: EPS: UK£0.089 (down from UK£0.094 in 1H 2023). Revenue: UK£294.3m (down 9.1% from 1H 2023). Net income: UK£79.3m (down 6.4% from 1H 2023). Profit margin: 27% (in line with 1H 2023). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Capital Markets industry in Germany. Announcement • Sep 14
Ninety One Group Announces Company Secretary Changes Ninety One Group announced the appointment of Ms. Amina Rasool as Company Secretary of Ninety One plc with effect from 13 September 2023, whereupon Mrs. Paula Watts will resign as Company Secretary. The Board would like to thank Mrs. Watts for her contribution to Ninety One and they look forward to working with Ms. Rasool. The registered Company Secretary of Ninety One Limited remains unchanged. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Non-Executive Director Khumo Shuenyane was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 04
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Non-Executive Director Khumo Shuenyane was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 06
Ninety One Appoints Dr. Khalid Alsweilem as Chairman of New Saudi Arabian Entity Ninety One has announced the appointment of Dr. Khalid Alsweilem to the position of Chief Global Sovereign Funds Advisor and Chairman of the firm's new Saudi Arabian entity, which is currently under formation and subject to approval from the Saudi Arabia Capital Market Authority. Dr. Alsweilem is a world-renowned expert on sovereign wealth funds and their connection to the real economy. He is one of the longest-serving and most successful sovereign fund practitioners, having previously served as Chief Counsellor and Director General of Investment at SAMA, the Central Bank of Saudi Arabia, where he held senior positions since 1991. He is a Visiting Scholar at the Stanford Centre of Sustainable Development and Global Competitiveness and at the Stanford Long-Term Investing Initiative, as well as a non-resident scholar at MIT Golub Center for Finance and Policy. Prior to that, he was a scholar at Stanford Global Projects Center and a fellow expert at Harvard Kennedy School, where he was the lead author on major sovereign funds research and publications. He is an engineer and holds a PhD in Economics and a Post-Doctoral Fellowship at Harvard University. Ninety One is an active, global investment manager listed in London and Johannesburg with more than $160 billion in assets under management (as at 31 March 2023). The firm's goal is to provide long-term investment returns for clients while making a positive difference to people and the planet. Established in South Africa in 1991 as Investec Asset Management, the firm has since expanded to 21 offices in 14 countries across five continents, with 258 investment professionals. In 2020, the firm demerged from the Investec Group to become Ninety One. Announcement • Feb 18
Ninety One Group Announces Audit & Risk Committee Changes Ninety One announced that Idoya Basterrechea Aranda will retire from the Audit and Risk Committee (the 'Committee') effective 31 March 2023. The Board expresses its thanks to Idoya for her contribution to the Committee's work over the past three and a half years. Ninety One announces further that Khumo Shuenyane will be appointed to the Committee effective 1 April 2023. Khumo is a member of the Institute of Chartered Accountants in England and Wales, with a background in corporate finance and investment. He has served as a non-executive director of Ninety One since 1 August 2021. Pursuant to the reduction in Investec's shareholding in Ninety One, Khumo is no longer a shareholder representative of Investec. In light of this, and after careful consideration, the Board now considers Khumo to be an independent non-executive director. He is therefore able to serve on, and bring his skills and experience to, the Committee. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 19% share price gain to €2.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total loss to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.31 per share. Upcoming Dividend • Nov 24
Upcoming dividend of UK£0.065 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.8%). Board Change • Nov 23
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Non-Executive Director Khumo Shuenyane was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 15
Ninety One Group Declares an Interim Dividend on 15 December 2022 Ninety One Group announced that Board has considered the strength of the balance sheet and the outlook for the remainder of the year. In line with the stated dividend policy, the Board has declared an interim dividend of 6.5 pence per share. Of this, 4.6 pence per share represents 50% of profit after tax prior to the recognition of non-operating items and 1.9 pence per share represents after-tax earnings after ensuring Ninety One has sufficient capital to meet current or expected changes in regulatory capital requirements and investment needs, as well as a reasonable buffer to protect against fluctuations in those requirements. The interim dividend will be paid on 15 December 2022 to shareholders recorded on the UK and South African share registers on 2 December 2022. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improved over the past week After last week's 15% share price gain to €2.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Capital Markets industry in Germany. Total loss to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.82 per share. Announcement • Oct 18
Ninety One Group to Report First Half, 2023 Results on Nov 15, 2022 Ninety One Group announced that they will report first half, 2023 results on Nov 15, 2022 Board Change • Oct 17
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Khumo Shuenyane was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 08
Insider recently bought €312k worth of stock On the 30th of September, David McGillveray bought around 150k shares on-market at roughly €2.08 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €725k. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Board Change • Jul 15
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Finance Director & Director Kim McFarland is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Jul 07
Upcoming dividend of UK£0.077 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.2%). Announcement • Jun 15
Ninety One Group, Annual General Meeting, Jul 26, 2022 Ninety One Group, Annual General Meeting, Jul 26, 2022, at 12:00 South Africa Standard Time. Reported Earnings • May 19
Full year 2022 earnings released Full year 2022 results: Revenue: UK£663.9m (up 6.2% from FY 2021). Net income: UK£205.3m (up 33% from FY 2021). Profit margin: 31% (up from 25% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 1.3% compared to a 8.1% decline forecast for the funds industry in Germany. Announcement • May 19
Ninety One Group Proposes Final Dividend for the Year 2022 Ninety One Group's Board has proposed a final dividend of 7.7 pence per share (2021: 6.7 pence), taking the full dividend to 14.6 pence per share, while maintaining a strong balance sheet. Board Change • Apr 29
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Finance Director & Director Kim McFarland is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 14
Ninety One Group to Report Fiscal Year 2022 Results on May 18, 2022 Ninety One Group announced that they will report fiscal year 2022 results on May 18, 2022 Announcement • Apr 07
Allan Gray Limited acquired an unknown stake in Ninety One Group (LSE:N91). Allan Gray Limited acquired an unknown stake in Ninety One Group (LSE:N91) on April 6, 2022. Allan Gray now holds 10.0613% stake.
Allan Gray Limited completed the acquisition of an unknown stake in Ninety One Group (LSE:N91) on April 6, 2022. Executive Departure • Aug 09
Non-Executive Director Fani Titi has left the company On the 4th of August, Fani Titi's tenure as Non-Executive Director ended after 1.7 years in the role. As of March 2021, Fani still personally held 30.83k shares (€84k worth at the time). Fani is the only executive to leave the company over the last 12 months. Reported Earnings • Jun 19
Full year 2021 earnings released: EPS UK£0.17 (vs UK£0.17 in FY 2020) The company reported a solid full year result with improved revenues, although earnings and profit margins were flat. Full year 2021 results: Revenue: UK£625.1m (up 2.5% from FY 2020). Net income: UK£154.4m (flat on FY 2020). Profit margin: 25% (in line with FY 2020). Reported Earnings • May 21
Full year 2021 earnings released: EPS UK£0.17 (vs UK£0.17 in FY 2020) The company reported a solid full year result with improved revenues, although earnings and profit margins were flat. Full year 2021 results: Revenue: UK£625.1m (up 2.5% from FY 2020). Net income: UK£154.4m (flat on FY 2020). Profit margin: 25% (in line with FY 2020). Funds under management (FUM) Beginning of period: UK£103.4b End of period: UK£130.9b Net inflows/outflows: UK£200.0m outflow Announcement • May 19
Ninety One Group Proposes Final Dividend for the Year Ended March 31, 2021, Payable on August 12, 2021 Ninety One Group proposed final dividend for the year ended March 31, 2021 of 6.7 pence per ordinary share, an estimated £61.7 million in total. The dividend is expected to be paid on August 12, 2021 to ordinary shareholders on the registers at the close of business on July 23, 2021. 
