Polar Capital Holdings plc

Group results for the six months ended 30 September 2020

Polar Capital is pleased to report the group’s results for the six months ended 30 September 2020. The company has demonstrated robust operational resilience throughout the period and we have continued to pursue our strategy of growth with diversification. With our highly active specialist funds, we are well positioned to perform for our clients and shareholders over the long term.

Polar explorers walking over an ice cap
£16.4bn
AUM (30.09.20)
£16.9bn
AUM (31.10.20)
£27m
Pre-tax profit
£22m
Core operating profit*
22.1p
Adj. diluted EPS*
9.0p
Interim dividend per share

† Excluding performance fees. *Refer to the stock market announcement / RNS (APM page) for reconciliation to reported results.

Polar Capital’s strategy of growth with diversification has begun producing benefits, with new channels to market developing and of our client base broadening.

Over the six month period strong net sales of £606m, coupled with strong fund performance, took our AuM to £16.4bn and we are pleased to declare an interim dividend of 9.0p per share. With *91% of Polar’s UCITS fund AuM ranked in the top quartile versus peers over five years, we are well positioned to continue delivering above average returns for both our clients and shareholders over the long term.

*Performance source: Lipper, 30 October 2020. Past performance is not indicative or a guarantee of future results. 

Results presentation

Watch Gavin Rochussen, Chief Executive Officer, Sandy Black, Chief Investment Officer, Iain Evans, Global Head of Distribution, John Mansell, Executive Director, and Samir Ayub, Finance Director, present Polar Capital Holding’s results for the six months ended 30 September 2020.

In the presentation they highlight fund performance and flows, provide a financial review and give a strategy update.