Jupiter Asset Management reported a significant increase in profits and assets under management in the six months ending June 30, driven in part by its recent acquisition of ethical investment firm CCLA. The FTSE 250 investment manager said revenues rose 39 percent to £213.3 million, while pre-tax profit climbed 67 percent to £50.7 million.

The firm’s assets under management grew 36 percent to £73.7 billion during the period, supported by net inflows of £700 million. Jupiter also raised its dividend by 76 percent to 3.7p per share. The acquisition of CCLA, completed earlier this year for £100 million, brought £15 billion in assets under management and expanded Jupiter’s presence in purpose-driven investing. CCLA’s client base includes charities, religious organisations, and local authorities, with more than 20 percent of its managed assets held on behalf of the Church of England. Jupiter said it remains committed to preserving CCLA’s ethical investment principles, which exclude sectors such as tobacco and biological weapons.

Chief Executive Matthew Beesley highlighted progress in integrating CCLA and efforts to achieve cost synergies, which the company expects will reach at least £16 million by the end of 2027. He also pointed to positive net inflows across retail, wholesale, and investment trust products despite ongoing geopolitical uncertainties and market volatility. “Gross inflows were more than 45 percent higher than the same period last year,” Beesley said, expressing confidence in continued growth across client channels.

Jupiter has been working to recover momentum since the departure of Ben Whitmore in 2024, who managed £10 billion before leaving to launch his own venture. After a challenging period culminating in net outflows of £10 billion the previous year, the firm recorded net inflows of £1.3 billion in 2025, its first positive result in nearly a decade.

However, some analysts expressed caution over the latest results. Peel Hunt noted that while Jupiter delivered improved headline profits, net inflows had slowed more than expected during the first half of 2026. The brokerage described the update as a “curate’s egg,” reflecting the tension between strong financial performance and tepid investor flows. Shares in Jupiter fell 4.5 percent to 156p following the announcement.

Peel Hunt observed that although performance fees indicate value creation for fund investors, market sentiment remains subdued due to the outsized impact of fund flows. The analyst firm also pointed to Jupiter’s robust balance sheet as a source of optionality, but suggested that the ongoing variability in client inflows will continue to influence the company’s valuation and broader sector outlook.