Janus Henderson Group plc (JHG) reported a significant increase in its financial performance for the fiscal year ending December 31, 2024, with total revenue reaching $2.473 billion, an 18% increase from $2.102 billion in 2023. The company's operating income also rose to $645.7 million, reflecting a 33% increase from the previous year's $483.7 million. Net income attributable to JHG was $408.9 million, up 4% from $392 million in 2023. The diluted earnings per share increased to $2.56, compared to $2.37 in the prior year.
The company's assets under management (AUM) grew to $378.7 billion, a 13% increase from $334.9 billion in 2023, primarily driven by positive market performance and net inflows of $2.4 billion, reversing the net outflows of $0.7 billion experienced in the previous year. JHG's AUM was bolstered by strong performance across its investment capabilities, with equities representing 61% of total AUM, followed by fixed income at 22%, multi-asset at 14%, and alternatives at 3%. The company also reported a 15% increase in average AUM, which contributed to higher management fees.
Strategically, JHG made notable acquisitions in 2024, including Victory Park Capital Advisors, LLC, and Tabula Investment Management, which expanded its capabilities in private markets and ETF offerings. The company also completed the acquisition of NBK Capital Partners, enhancing its emerging markets private capital division. These acquisitions are expected to drive future growth and diversification of JHG's investment strategies.
Operationally, JHG employed approximately 2,300 individuals globally, an increase from 2,196 in 2023. The company maintained a strong focus on employee development and engagement, with 86% of employees participating in the annual opinion survey. The firm also reported a significant increase in its cash and cash equivalents, totaling $1.2 billion, which supports its ongoing operational needs and strategic initiatives.
Looking ahead, JHG anticipates continued growth driven by its strategic pillars of Protect & Grow, Amplify, and Diversify. The company aims to leverage its strong investment performance, expand its product offerings, and enhance client service to capture additional market share. However, JHG acknowledges potential risks, including market volatility and regulatory changes, which could impact its financial performance and AUM in the future.
About JANUS HENDERSON GROUP PLC
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