Rathbones Group PLC — Interim / Quarterly Report 2025

Jul 30, 2025

Company registered no: 1000403

Rathbones Group PIc Interim accounts, 30 June 2025

PREPARED FOR THE PURPOSE OF S838 COMPANIES ACT 2006

Rathbones Group Plc

Interim Statement of Comprehensive Income For the six months ended 30 June 2025

	Six months ended 30 June 2025 Em
Net operating income:
management charges	51.6
other operating income	0.4
Net operating income	52.0
Administrative expenses	(51.2)
Operating profit	0.8
Interest income	0.1
Interest expense	(1.7)
Profit before tax	(0.8)
Taxation	1.1
Profit after tax	0.3
Profit for the period attributable to equity holders of the company	0.3
Other comprehensive income net of tax
Total comprehensive income for the period net of tax attributable to equity holders of the company	0.3
Dividends proposed for the period per ordinary share	31.Op
Dividends proposed for the period	32.4

Rathbones Group Plc

Interim Statement of Financial Position As at 30 June 2025

	Note	30 June 2025
		£m
Non-current assets
Investment in subsidiaries		1,228.2
Right-of-use assets		18.0
Deferred tax		10.4
Net defined benefit asset		0.5
		1,257.1
Current assets
Prepayments and other receivables		104.6
Cash and cash equivalents		25.7
		130.3
Total assets		1,387.4
Current liabilities
Trade and other payables		(151.0)
Lease liabilities		(3.9)
Provisions		(3.2)
		(158.1)
Net current liabilities		(27.8)
Non-current liabilities Provisions
Subordinated loan notes		(11.6)
Lease liabilities		(39.9)
		(11.8)
Total liabilities		(63.3)
		(221.4)
Net assets		1,166.0
Equity
Share capital	2	5.5
Share premium	2	3.4
Merger reserve	2	792.5
Own shares		(65.5)
Retained earnings		430.1
Equity shareholders' funds		1.166.0

Approved by the Board of Directors on 29 July 2025 and signed on its behalf by:

R P Stockton Chief Executive Officer

Company registered no: 1000403

I W Hooley Chief Financial Officer

Rathbones Group PIc

Notes to the interim accounts For the six months ended 30 June 2025

1. Significant accounting policies

Basis of accounting

The interim accounts of the company are presented as required by section 836 of the Companies Act 2006. They have been prepared on the basis of the accounting policies and methods of computation set out in the company's accounts for the year ended 31 December 2024.

2. Share Capital, Share Premium and Merger Reserve

	Number of voting ordinary shares	Number of non-voting ordinary shares	Share capital Em	Share premium Em	Merger reserve Em	Total £m
At 1 January 2025	91,925,520	17,481,868	5.5	37.8	792.5	1,115.8
Cancellation of Share Premium				(317.8)		(317.8)
Shares issued:
to Share Incentive Plan to Save As You Earn	207,209			3.4		3.4
scheme	3,484
to Employee Benefit Trust	245,600
At 30 June 2025	92,381,813	17,481,868	5.5	3.4	792.5	801.4

3. Reserves

	30 June 2025
	Em
Net assets	1,166.0
Less:
share capital	(5.5)
share premium	(3.4)
merger reserve	(792.5)
Unrealised profits	(9.6)
Distributable reserves	355.0
	30 June 2025

	Em
As at 1 January 2025	99.7
Profit for the period	0.3
Dividends paid	(65.8)
Cancellation of Share Premium	317.8
Other movements	3.0
As at 30 June 2025	355.0