AJ Bell has reported a record financial performance in its latest annual results as it recorded an 18% year-on-year jump in revenue to £317.8m.

The investment platform’s pre-tax profit climbed by 22% in the year to total £137.8m.

AJ Bell, publishing its results for the year to 30 September, also reported “excellent growth” in customer numbers across its dual-channel platform, after adding 102,000 customers to close the financial year at 644,000, a total up 19%.

The company’s assets under administration (AuA) now stand at a record £103.3bn, up 19% from £86.5bn at the end of last year, which AJ Bell said was driven by net inflows of £7.5bn and “favourable” market movements of £9.3bn.

AJ Bell CEO, Michael Summersgill, commented: “Our scalable business model continues to deliver operational gearing, enabling us to reinvest the benefits of scale to drive long-term growth. Over the past year, we increased investment in our brand, marketing and propositions, supporting record levels of new business.

“Our highly-cash generative business model and strong capital position allow us to invest whilst also delivering excellent value for customers and increasing shareholder returns.”

AJ Bell also suggested the UK platform is continuing to offer a “significant growth opportunity”, with over two thirds of the estimated £3.7trn addressable still held outside of the platform market.

The company said it would prioritise investment for long-term growth, while the operational gearing inherent in its business model would provide opportunities for profit margin expansion beyond the next financial year.

Summersgill added: “The broader long-term structural market growth drivers remain strong, as more individuals recognise the importance of taking control of their financial future. Looking ahead, I am confident in the outlook for both AJ Bell and the UK platform market.

“Our dual-channel platform, combined with our scalable operating model, positions us to capitalise on the significant growth opportunity. In FY26, we will continue to invest in the business, ensuring we are well-placed to deliver sustainable long-term business growth.”

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