Growing accounts for Anima, which archives a first semester positive despite one net collection penalized laid down by the spill of funds previously managed under mandate. The management company led by CEO Saverio Perissinotto closed the first six months of 2026 with a net profit of 158,8 million euros, up 3% compared to 153,9 million in the same period of 2025. Normalized net profit, which excludes extraordinary and non-cash items such as amortization of intangible assets, rose to 178,4 million (+16%).
The accounts have convinced the market: the title Soul rises more than 6% to business square, settling at 7,31 euros per share.
“We have achieved satisfactory economic results in a difficult context and with an objectively challenging basis for comparison”, commented the CEO Saverio PerissinottoThe manager added that he is confident that, supported by the strong market performance in the first part of the year, retail customers will regain confidence in asset management solutions in the coming quarters.
Anima: negative collection, but revenues growing thanks to commissions
La net collection For the first half of the year, excluding Branch I insurance portfolios, the figure was negative by €5,2 billion. However, the figure returned a positive €600 million net of the exit of funds previously managed under the mandate of Etica Sgr.
At the end of June 2026 i managed and administered assets reached 212,2 billion euros, up 3% compared to 206,6 billion a year earlier. net management fees rose to 184,7 million euros (+3%), while the results were mainly driven by incentive fees, which jumped 80% to 64,2 million compared to 35,6 million in the first half of 2025. Thanks to this performance and other income, overall consolidated revenues increased by 16%, reaching 286,8 million euros.
The group's financial position also continues to strengthen. At the end of June, the net financial position consolidated It is positive at 604,3 million euros, an improvement compared to 491,2 million at the end of 2025 and 211,3 million recorded in the same period last year. The increase in liquidity reflects cash generation from operating activities, the appreciation of the stake held in Monte dei Paschi di Siena Bank, equal to 1,7% of the share capital, and the payment of dividends of 162,6 million euros.
Anima improves efficiency and closes with growing pre-tax profit
The improvement in revenues was accompanied by careful management of CostsOrdinary operating expenses amounted to €79,6 million, up just 1% from €78,8 million in the first half of 2025. The overall net cost-to-income ratio, excluding incentive fees, also improved from 37,1% to 35,8%. Pre-tax profit reached €225,2 million, up 5% from €214,5 million in the first half of 2025, despite the comparative improvement in the prior-year figure due to the presence of extraordinary items.
Among the items that have affected the semester is theacquisition of the remaining 20% stake in Castello Sgr, finalized at the end of June, which generated a negative impact on the income statement of €3,1 million. The item also includes €4 million in income related to the acquisition and use of third-party tax credits, while in the first half of 2025, a one-time income of €31,8 million from a distributor was recorded.
