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First half and second quarter 2025 results: record inflows of +€52bn in the first half of the year

Paris, France,

 

Inflows
already at
full year 2024
level

 

Assets under management[1] at an all-time high of €2.27tn at end-June 2025, +5% June/June despite the negative forex effect

Net inflows +€52bn in H1, of which +€20bn in Q2

  • +€48bn in medium-to-long-term assets[2] (MLT) in H1
  • Record half-year net inflows for Institutionals: +€31bn

 

 

 

Growth in
profit before tax

 

First half 2025: profit before tax[3],[4] €895m, up +4% H1/H14:

  • Driven by revenue growth (+5%)
  • Cost control, with a cost-income ratio at 52.5%3

 

 

 

Continued success on strategic pillars

 

Partnership with Victory Capital finalised on 1 April

Strong H1 inflows in strategic priorities:

  • Third-party distribution +€13bn, of which 40% with digital players
  • Asia +€22bn, of which +€13bn in JVs and +€8bn in direct distribution
  • ETFs +€19bn, with success in European strategies and innovation
  • Responsible investment: wins of key institutional mandates

Amundi Technology: revenues up +48% H1/H1, strong organic growth and integration of aixigo

Fund Channel: €613bn in assets under distribution, Ambitions 2025 target achieved

 

Amundi's Board of Directors met on 28 July 2025 under the chairmanship of Olivier Gavalda, and approved the financial statements for the first half of 2025.

Valérie Baudson, Chief Executive Officer, said: "With net inflows of +€52bn, Amundi’s performance in the first half of the year was equivalent to the whole of 2024. The depth of our offering and our extensive expertise allow us to respond effectively to our clients' needs, through our active strategies, passive management, responsible investment, employee savings schemes, technology services and fund distribution solutions.

Amundi has continued to grow both in terms of activity and results, with first half revenues3 up +5% and profit before tax3 up +4% year-on-year4.

Amundi has also leveraged its position as Europe's leading asset manager, as our clients look for greater diversification in their allocations, with a renewed interest in Europe. With €2.3tn in assets under management, Amundi is the only European player among the top 10 global asset managers, and a preferred gateway for players wishing to invest on the continent. Our comprehensive range of solutions enables investors to finance European companies and economies, and we continue to expand, through ETFs and actively managed funds focused on European sovereignty.»

Footnotes

 

  1. ^ [1] See definition of assets under management p.14
  2. ^ [2] Excluding JV and Victory Capital – US Distribution US, whose contributions are equity-accounted
  3. ^ [3] Adjusted data: see p. 16
  4. ^ [4] For explanations of pro forma variations, see p. 12 and 13
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About Amundi

About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.2 trillion of assets[2].

With its six international investment hubs[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 5,700 employees in 35 countries.

Amundi, a trusted partner, working every day in the interest of its clients and society.

www.amundi.com 

Footnotes

 

  1. ^ [1] Source: IPE "Top 500 Asset Managers" published in June 2024 based on assets under management as of 31/12/2023
  2. ^ [2] Amundi data as at 31/03/2025
  3. ^ [3] Paris, London, Dublin, Milan, Tokyo and San Antonio (via our strategic partnership with Victory Capital)

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