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AMP's shares dropped 22% on an 11% profit decline, though underlying earnings rose 21% amid strong core performance.
AMP's shares fell 22.1% to $1.36, a seven-month low, after reporting an 11% drop in statutory full-year profit to $133 million for 2025, driven by one-off costs including legacy legal settlements and business simplification expenses.
Underlying net profit rose nearly 21% to $285 million, fueled by stronger performance in superannuation, investments, and its North platform, with results meeting the top end of market expectations.
CEO Alexis George acknowledged investor concern over the headline profit decline despite improved core operations.
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Las acciones de AMP cayeron un 22% ante una disminución del 11% de los beneficios, aunque las ganancias subyacentes aumentaron un 21% en medio de un sólido desempeño del núcleo empresarial.