Ninety One Ltd.

Ninety One Ltd.

JJSE:NY1
4,153.00
ZAC
+16.00
(+0.39%)
4.91TMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.15
0.17
2.9
0.82
0.83
0.88
0.83
0.78
0.8
0.87
- -
Basic EPS, GAAP
0.03
0.04
0.58
0.17
0.17
0.23
0.18
0.18
0.17
0.17
- -
Free Cash Flow per Basic Share
0.12
0.18
2.93
0.87
0.48
0.25
0.08
0.19
0.36
0.19
- -
Dividend per Share
0.03
0.03
0.6
0.2
0.06
0.14
0.14
0.13
0.12
0.13
- -
Book Value per Share
0.05
0.05
0.21
0.16
0.27
0.37
0.38
0.4
0.43
0.73
0.73
Tangible Book Value per Share
0.05
0.05
0.21
0.16
0.27
0.37
0.38
0.4
0.43
0.42
0.42
Basic Weighted Avg Shares
240
240
240
922
913
908
900
890
874
878
879
Sales/Revenue/Turnover
35
40
697
761
756
795
746
698
700
763
- -
Operating Margin (%)
25.67
26.52
23.49
25.82
26.47
31.14
26.61
27.13
25.09
23.8
- -
Depreciation Expense
- -
- -
2
13
17
15
15
14
14
19
- -
Net Income, GAAP
8
8
139
155
154
205
164
164
150
154
- -
Effective Tax Rate (%)
21.8
21.1
21.64
21.41
24.25
23.14
22.95
24.4
26.53
26.02
- -
Profit Margin (%)
21.63
21.22
20
20.42
20.43
25.82
21.97
23.49
21.44
20.11
- -
Working Capital
14
15
212
152
237
324
324
346
358
400
400
LT Debt
- -
- -
- -
99
106
100
92
85
77
95
95
Total Equity
12
13
196
151
253
342
350
368
374
703
703
Return on Invested Capital (%)
- -
61.28
122.39
65.45
50.7
46.47
34.44
32.77
29.35
22.34
- -
Return on Capital (%)
- -
69.42
133.2
70.13
51.12
51.15
36.9
36.47
33.07
24.64
- -
Return on Common Equity (%)
- -
69.59
134.04
89.88
76.45
69.04
47.39
45.71
40.52
28.54
- -

Capital Structure

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
10
10
10
LT Borrowings
- -
- -
- -
LT Finance Leases
77
72
95
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
861
853
963
Market Capitalization
1,266
1,670
2,194

Working Capital

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
12,045
13,445
14,373
Cash, Cash Equivalents & STI
11,822
13,200
14,117
Accounts Receivable, Net
191
239
225
Inventories
- -
- -
- -
Total Current Liabilities
11,687
13,074
13,973
Payables & Accruals
- -
- -
- -
ST Debt
10
10
10
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
26.41%
88.06%
Free Cash Flow
- -
10.99%
-47.36%
Net Income, GAAP
- -
1.33%
2.27%
Sales/Revenue/Turnover
- -
0.38%
9.04%
Total Cash Common Dividend
- -
24.58%
7.09%

Semi-annual Revenue

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
698
2025
- -
- -
700
2026
- -
- -
763

Semi-annual Earnings Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.18
2025
- -
- -
0.17
2026
- -
- -
0.17

Semi-annual Dividends Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.13
2025
- -
- -
0.12
2026
- -
- -
0.13

Company Description

CEO
Hendrik Jacobus du Toit
Full Time Employees
1,346
Sector
Finance
Industry
Investment managers
Address
36 Hans Strijdom Ave Cape Town WC South Africa 2195
IPO Date
Mar 16, 2020
Business
Ninety One Group is an independent global asset manager specializing in active investment management across equities, fixed income, multi-asset, and alternative investment strategies. The company offers a broad range of products including thematic, quality, value, and factor-based equity strategies spanning global, regional, emerging, and frontier markets; multi-asset solutions with diversified portfolios across equities, government and corporate bonds, currencies, volatility, and commodities; fixed income strategies targeting both developed and emerging markets sovereign and corporate credit; and alternative investments. It serves a wide client base including private and public pension funds, sovereign wealth funds, insurers, corporations, foundations, central banks, wealth managers, private and retail investors across regions including the United Kingdom, South Africa, Europe, Asia, Australia, and the Americas. Founded in 1991 and headquartered in Cape Town, South Africa, Ninety One operates offices globally, including significant presence in London. In recent strategic developments, Ninety One completed the acquisition of Sanlam Investment Management Ltd. in June 2025, a transaction valued at approximately ZAR 3.7 billion, which established Ninety One as Sanlam’s primary active asset manager for single-managed local and global products. This acquisition is part of a 15-year strategic partnership granting Ninety One preferred access to Sanlam’s distribution network and led to Sanlam acquiring a significant equity stake in Ninety One, amounting to about 12.3% ownership on a dual-listed company basis. The deal positioned Ninety One to strengthen its market presence and expand its asset management capabilities, expected to be accretive to earnings and dividends from inception. Ninety One Managing approximately GBP 130 billion in assets under management, leverages its specialist investment teams with distinct philosophies to produce tailored investment outcomes based on long-term value creation and comprehensive risk management. The firm emphasizes collaboration, diversity, and sustainability across its offerings and operations. It is publicly listed on the London Stock Exchange and the Johannesburg Stock Exchange and employs over 1,200 people worldwide. This combination of comprehensive product offerings, geographic diversification, and recent transformative acquisition underpins Ninety One Group’s positioning as a prominent global asset management firm with a strong emerging markets heritage and growing international footprint.