Key Highlights

  • AMP (ASX:AMP) is scheduled to go ex-dividend on 20 August 2026, with a 3.0-cent-per-share interim dividend, 20% franked, payable on 25 September 2026.
  • Underlying NPAT increased 33% to $174 million in 1H26, while statutory NPAT rose 57% to $154 million.
  • AMP generated $236 million of surplus capital during the half and announced an additional $150 million on-market share buyback alongside the interim dividend.

AMP (ASX:AMP) is heading into its 20 August 2026 ex-dividend date after reporting higher first-half earnings, cashflows across its Wealth businesses and additional Capital returns to shareholders. Amp has declared a 3.0-cent-per-share interim dividend, 20% franked, with payment scheduled for 25 September 2026. The announcement came alongside a further $150 million on-market share buyback.

AMP Reports Higher First-Half Profit

AMP's underlying net profit after tax increased 33% to $174 million in the six months ended 30 June 2026, compared with $131 million in the prior corresponding period. Statutory NPAT rose 57% to $154 million.

The improvement was accompanied by higher Assets under management, which reached $167.6 billion. Platforms net cashflows increased 33% to $3.1 billion for the half, while Superannuation & Investments recorded positive net cashflows of $76 million, compared with an outflow of $75 million in 1H25.

Platforms underlying NPAT increased 15.1% to $61 million. Its closing assets under management reached $92.7 billion, up from $88.7 billion at FY25, while net cashflows increased to $3.1 billion from $2.3 billion.

Dividend and Capital Returns

The Board declared a 3.0-cent interim Dividend per share, with 20% franking. For income investors monitoring the ASX dividend calendar, the key date is 20 August, when AMP shares are scheduled to trade without entitlement to the distribution. The payment date is 25 September 2026.

AMP also announced a further $150 million on-market share buyback, subject to the required regulatory waiting period. This follows $201 million already returned to shareholders through dividends and Buybacks during 1H26.

The company generated $236 million of surplus capital during the first half. Capital release from AMP Bank and non-strategic assets remains part of its capital management strategy.

Wealth Businesses Show Different Trends

AMP's Superannuation & Investments Business recorded underlying NPAT of $32 million, an 18.5% increase from $27 million a year earlier. Closing AUM rose to $62.6 billion from $60.7 billion at FY25.

New Zealand Wealth Management, however, recorded underlying NPAT of $18 million, down from $19 million in 1H25. Its closing AUM was broadly unchanged at $12.3 billion, although net cashflows increased 19.6% to $116 million.

The Partnerships and Group division delivered a significant increase in underlying NPAT to $43 million from $2 million. The contribution from AMP's China partnerships more than doubled, rising 107.4% to $56 million.

AMP Bank Remains a Drag on Earnings

AMP Bank reported underlying NPAT of $20 million, down from $30 million in 1H25. The company attributed the result partly to Investment associated with the transition to AMP Bank GO.

AMP Bank GO deposits reached $1.7 billion, compared with $310 million at FY25. At the same time, the residential Mortgage book declined to $23.6 billion from $23.9 billion at FY25.

Net interest Margin also decreased to 1.25% from 1.30% in 1H25. Total deposits fell to $17.8 billion from $20.5 billion in the comparable quarterly data, while total loans were $23.7 billion.

Conclusion

AMP enters its 20 August 2026 ex-dividend date after a half-year in which Earnings and wealth-management cashflows increased, while some banking metrics continued to decline. Underlying NPAT rose 33% to $174 million and statutory NPAT increased 57% to $154 million, supported by stronger Platforms performance and a substantial increase in the China partnerships contribution. Against this, AMP Bank's underlying NPAT fell from $30 million to $20 million and its net interest margin declined. The 3.0-cent Interim Dividend is 20% franked and is accompanied by a further $150 million buyback, making AMP a notable income-stock watch for the week without obscuring the mixed performance across its business divisions.