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flag AMP's shares dropped 22% on an 11% profit decline, though underlying earnings rose 21% amid strong core performance.

flag 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. flag 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. flag CEO Alexis George acknowledged investor concern over the headline profit decline despite improved core operations.

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