The AMP Ltd (ASX: AMP) share price soared 12% in response to its September 2025 quarterly update.
AMP is a diversified financial business that offers services such as investments, superannuation, and banking.
September 2025 update
For the quarter ending September 2025, the company announced total assets under management (AUM) growth of 3.6% to $159.5 billion, up from $153.9 billion in the second quarter of 2025.
There was strong progress for most of the company segments.
Platforms net cashflows increased 61.6% to $1.2 billion, up from $750 million in the third quarter of 2024.
Platforms assets under management (AUM) rose to $86.9 billion, up from $83.2 billion in the second quarter of 2025. AMP said this reflected resilient inflows and positive investment markets.
The net cash outflows for superannuation and investments improved by 27.8% to $241 million. But, this segment’s AUM increased to $60.5 billion (up from $58.5 billion in the 2025 second quarter), thanks to positive returns in investment markets.
The New Zealand wealth management net cashflows were $64 million, down from $90 million in the prior year. AUM was steady at $12.2 billion.
AMP Bank’s total loan book was managed for value during the period, with moderate growth to $23.8 billion, up from $23.5 billion in the second quarter of 2025. Deposits grew to $20.8 billion, up from $20.5 billion in the second quarter of 2025.
AMP also launched its new lender platform for mortgage brokers, which it claims is the first of its kind in the Australian market. The platform will reportedly enable faster credit decisions, fewer touchpoints and less rework for brokers and customers.
Case settlement
During the quarter, the company announced the settlement of the superannuation class action for $120 million, with AMP contributing $75 million and the rest paid by insurance.
AMP also announced that it had received approximately $44 million in AMP’s proceedings against insurers for its historical remediation programs. Since that announcement, AMP has reached agreements to settle with remaining insurers and conclude the legal proceedings. AMP will receive a further $24 million, taking total proceeds of the settlement of the claim to approximately $68 million.
Final thoughts on the AMP share price
AMP certainly seems to have turned around the direction f its business. Cashflows are largely going in the right direction, the bank is growing and AUM is rising.
It rose to a level that we’ve not seen this decade. I don’t know how much further it can rise, considering it has gone up by over 40% in the past year. But, rising earnings (if that eventuates) should translate into a higher share price in the coming years.
There are other ASX dividend shares I’d rather buy first, though.
