Press Release: Janus Henderson Group plc Reports First Quarter 2025 Results

Dow Jones
05-01

Janus Henderson Group plc Reports First Quarter 2025 Results

   -- Solid investment performance, with 77%, 65%, and 73% of assets under 
      management ("AUM") outperforming relevant benchmarks on a three-, five-, 
      and 10-year basis, respectively, as of March 31, 2025 
   -- AUM of US$373 billion as of March 31, 2025, an increase of 6% year over 
      year 
   -- First quarter 2025 net inflows of US$2.0 billion reflect net inflows in 
      both Intermediary and Institutional 
   -- First quarter 2025 diluted EPS of US$0.77; adjusted diluted EPS of 
      US$0.79, an increase of 11% year over year 
   -- Announced strategic partnership with The Guardian Life Insurance Company 
      of America$(R)$ ("Guardian") in April 2025, which includes Janus Henderson 
      managing the US$45 billion investment grade public fixed income asset 
      portfolio for Guardian's general account, up to US$400 million in seed 
      capital, and Park Avenue Securities partnership 
   -- Board of Directors ("Board") declared a 3% increase of the quarterly 
      dividend to US$0.40 per share and approved authorization of US$200 
      million of buybacks through April 2026 
LONDON--(BUSINESS WIRE)--May 01, 2025-- 

Janus Henderson Group plc (NYSE: JHG; "JHG," "Janus Henderson," or the "Company") published its first quarter 2025 results for the period ended March 31, 2025. First quarter 2025 operating income was US$153.6 million compared to US$197.5 million in the fourth quarter 2024 and US$119.2 million in the first quarter 2024. Adjusted operating income, adjusted for one-time, acquisition and transaction related costs, was US$156.6 million in the first quarter 2025 compared to US$204.7 million in the fourth quarter 2024 and US$128.2 million in the first quarter 2024.

First quarter 2025 diluted earnings per share of US$0.77 compared to US$0.77 in the fourth quarter 2024 and US$0.81 in the first quarter 2024. Adjusted diluted earnings per share of US$0.79 in the first quarter 2025 compared to US$1.07 in the fourth quarter 2024 and compared to US$0.71 in the first quarter 2024.

Ali Dibadj, Chief Executive Officer, stated:

"Our first quarter results are solid, with year-over-year improvements in net flows, operating revenues, operating income, and EPS. The new buyback authorization and increase to our dividend reflect our excellent cash flow and our continued commitment to capital return. Our strong balance sheet continues to provide us the flexibility needed to return cash to shareholders and to reinvest in our business both organically and inorganically.

"We are further executing our strategic vision with the previously announced multifaceted, strategic partnership with Guardian, which we believe will amplify several areas of our business. Importantly, the agreement with Guardian demonstrates that we are a destination for the most sophisticated assets in the world, and we plan to continue identifying ways to meet our current and future clients' needs and support the growth of Janus Henderson.

"As a global firm, the diversity of our AUM, clients, geographies, and investment capabilities forms a broad foundation that helps enable us to manage this uncertain environment effectively. We are focused on providing our clients--and their clients--with our differentiated insights, disciplined investments, and world-class service. Our efforts remain steadfast on what we can control, positioning Janus Henderson to deliver superior outcomes for our clients, employees, shareholders, and other stakeholders."

SUMMARY OF FINANCIAL RESULTS (unaudited) (in US$ millions, except per share data or as noted)

The Company presents its financial results in US$ and in accordance with accounting principles generally accepted in the United States of America ("GAAP"). However, JHG management evaluates the profitability of the Company and its ongoing operations using additional non-GAAP financial measures. Management uses these performance measures to evaluate the business, and adjusted values are consistent with internal management reporting. See "Reconciliation of non-GAAP financial information" below for additional information.

 
                                       Three months ended 
                                  ---------------------------- 
                                    31 Mar     31 Dec     31 Mar 
                                     2025       2024       2024 
                                  ----------  ---------  --------- 
GAAP basis: 
------------------------------- 
Revenue                            621.4      708.3      551.7 
Operating expenses                 467.8      510.8      432.5 
Operating income                   153.6      197.5      119.2 
Operating margin                    24.7%      27.9%      21.6% 
Net income attributable to JHG     120.7      121.8      130.1 
Diluted earnings per share          0.77       0.77       0.81 
 
Adjusted basis: 
------------------------------- 
Revenue                            486.5      567.6      426.8 
Operating expenses                 329.9      362.9      298.6 
Operating income                   156.6      204.7      128.2 
Operating margin                    32.2%      36.1%      30.0% 
Net income attributable to JHG     124.6      169.4      114.4 
Diluted earnings per share          0.79       1.07       0.71 
 

SHARE REPURCHASE AND DIVIDEND

As part of the Company's Board-approved US$200 million on-market share repurchase program, JHG purchased approximately 0.6 million shares of its common stock on the New York Stock Exchange $(NYSE)$ in the first quarter, for a total outlay of approximately US$27 million.

On April 30, 2025, the Board declared a dividend of US$0.40 per share for the quarter ended March 31, 2025. Shareholders on the register on the record date of May 12, 2025, will be paid the dividend on May 29, 2025. Additionally, on April 30, 2025, the Board authorized a new on-market share repurchase program under which JHG may repurchase, from time to time, up to US$200 million of the Company's common shares. This share repurchase program may be suspended, modified, or discontinued at any time, but any repurchases under the program must be made prior to the date of JHG's 2026 Annual General Meeting of Shareholders. We are not obligated to repurchase any specific number of shares, and the timing and actual number of shares repurchased will depend on a variety of factors.

Some JHG executives and employees obtain rights to receive shares of JHG common stock as part of their remuneration arrangements and employee entitlements. In order to satisfy these entitlements in a manner that is not dilutive to shareholders, the Board separately approved the repurchase of up to six million additional shares of common stock for the purpose of making grants to these executives and employees.

 
 
 

AUM AND FLOWS (in US$ billions)

FX reflects movement in AUM resulting from changes in foreign currency rates as non-US$ denominated AUM is translated into US$. Redemptions include impact of client transfers.

Total comparative AUM and flows

 
                                  Three months ended 
                                ---------------------- 
                                31 Mar   31 Dec   31 Mar 
                                 2025     2024     2024 
                                -------  ------  -------- 
Opening AUM                      378.7   382.3   334.9 
   Sales                          22.9    20.4    15.9 
   Redemptions                   (20.9)  (17.1)  (18.9) 
                                ------   -----   ----- 
   Net sales / (redemptions)       2.0     3.3    (3.0) 
   Market / FX                    (7.5)  (10.1)   20.7 
   Acquisitions                     --     3.2      -- 
                                ------   -----   ----- 
Closing AUM                      373.2   378.7   352.6 
 

Quarterly AUM and flows by capability

 
                                     Fixed 
                         Equities    Income   Multi-Asset    Alternatives    Total 
                        -----------  ------  -------------  --------------  -------- 
AUM 31 Mar 2024           222.3       70.6     51.1             8.6         352.6 
   Sales                    7.0        8.3      1.6             1.2          18.1 
   Redemptions             (8.4)      (5.0)    (2.4)           (0.6)        (16.4) 
                         ------      -----   ------   ----  -------   ----  ----- 
   Net sales / 
    (redemptions)          (1.4)       3.3     (0.8)            0.6           1.7 
   Market / FX              5.3        0.5      1.3              --           7.1 
   Reclassifications         --        0.1     (0.1)             --            -- 
                         ------      -----   ------   ----  -------  -----  ----- 
AUM 30 Jun 2024           226.2       74.5     51.5             9.2         361.4 
   Sales                    7.9        6.1      1.4             0.7          16.1 
   Redemptions             (9.4)      (3.9)    (1.8)           (0.6)        (15.7) 
                         ------      -----   ------   ----  -------   ----  ----- 
   Net sales / 
    (redemptions)          (1.5)       2.2     (0.4)            0.1           0.4 
   Market / FX             12.4        3.8      2.4             0.8          19.4 
   Acquisitions              --        0.8       --             0.3           1.1 
                         ------      -----   ------  -----  -------  -----  ----- 
AUM 30 Sep 2024           237.1       81.3     53.5            10.4         382.3 
   Sales                    8.1        9.3      2.0             1.0          20.4 
   Redemptions            (10.6)      (4.1)    (1.9)           (0.5)        (17.1) 
                         ------      -----   ------   ----  -------   ----  ----- 
   Net sales / 
    (redemptions)          (2.5)       5.2      0.1             0.5           3.3 
   Market / FX             (5.2)      (3.8)    (0.5)           (0.6)        (10.1) 
   Acquisitions              --         --       --             3.2           3.2 
                         ------      -----   ------  -----  -------  -----  ----- 
AUM 31 Dec 2024           229.4       82.7     53.1            13.5         378.7 
   Sales                    7.2       12.0      1.5             2.2          22.9 
   Redemptions            (11.4)      (6.4)    (2.1)           (1.0)        (20.9) 
                         ------      -----   ------   ----  -------   ----  ----- 
   Net sales / 
    (redemptions)          (4.2)       5.6     (0.6)            1.2           2.0 
   Market / FX             (7.8)       1.2     (0.9)             --          (7.5) 
                         ------      -----   ------   ----  -------  -----  ----- 
AUM 31 Mar 2025           217.4       89.5     51.6            14.7         373.2 
 

Average AUM by capability

 
                     Three months ended 
                ---------------------------- 
                  31 Mar    31 Dec    31 Mar 
                   2025      2024      2024 
                --------  --------  -------- 
Equities           231.1     235.5     212.7 
Fixed Income        87.8      81.4      70.6 
Multi-Asset         53.4      53.8      50.0 
Alternatives        14.1      13.5       8.6 
                --------  --------  -------- 
  Total            386.4     384.2     341.9 
 

INVESTMENT PERFORMANCE

% of AUM outperforming benchmark (as of March 31, 2025)

 
Capability      1-year       3-year      5-year      10-year 
-------------   -------      ------      ------      ------- 
Equities             20%         69%         49%          63% 
Fixed Income         89%         84%         90%          87% 
Multi-Asset           3%         94%         98%          97% 
Alternatives         74%         83%        100%         100% 
   Total             34%         77%         65%          73% 
 

Outperformance is measured based on composite performance gross of fees versus primary benchmark, except where a strategy has no benchmark index or corresponding composite in which case the most relevant metric is used: (1) composite gross of fees versus zero for absolute return strategies, (2) fund net of fees versus primary index, or (3) fund net of fees versus Morningstar peer group average or median. Non-discretionary and separately managed account assets are included with a corresponding composite where applicable.

Cash management vehicles, ETF-enhanced beta strategies, legacy Tabula passive ETFs, Fixed Income Buy & Maintain mandates, legacy NBK Capital Partners and Victory Park Capital funds, Managed CDOs, Private Equity funds, and custom non-discretionary accounts with no corresponding composite are excluded from the analysis. Excluded assets represent 4% of AUM. Capabilities defined by Janus Henderson.

% of mutual fund AUM in top 2 Morningstar quartiles (as of March 31, 2025)

 
Capability      1-year       3-year      5-year      10-year 
-------------   -------      ------      ------      ------- 
Equities             57%         65%         66%          83% 
Fixed Income         91%         80%         72%          70% 
Multi-Asset          94%         94%         96%          96% 
Alternatives         98%         83%         66%         100% 
   Total             71%         73%         72%          84% 
 

Includes Janus Investment Fund, Janus Aspen Series, Janus Henderson Detroit Street Trust (ETFs), and Clayton Street Trust (U.S. Trusts), Janus Henderson Capital Funds (Dublin based), Dublin and UK OEIC and Investment Trusts, Luxembourg SICAVs, Australian Managed Investment Schemes, and legacy Tabula ICAVs (legacy Tabula passive ETFs are excluded). The top two Morningstar quartiles represent funds in the top half of their category based on total return. For the 1-, 3-, 5-, and 10-year periods ending March 31, 2025, 47%, 56%, 52%, and 58% of the 185, 176, 161, and 144 total mutual funds, respectively, were in the top 2 Morningstar quartiles.

Analysis based on "primary" share class (Class I Shares, Institutional Shares, or share class with longest history for U.S. Trusts; Class H Shares or share class with longest history for Dublin based; primary share class as defined by Morningstar for other funds). Performance may vary by share class. Rankings may be based, in part, on the performance of a predecessor fund or share class and are calculated by Morningstar using a methodology that differs from that used by Janus Henderson. Methodology differences may have a material effect on the return and therefore the ranking. When an expense waiver is in effect, it may have a material effect on the total return, and therefore the ranking for the period.

Funds not ranked by Morningstar are excluded from the analysis. Capabilities defined by Janus Henderson. (c) 2025 Morningstar, Inc. All Rights Reserved.

FIRST QUARTER 2025 RESULTS BRIEFING INFORMATION

Chief Executive Officer Ali Dibadj and Chief Financial Officer Roger Thompson will present these results on May 1, 2025, on a conference call and webcast to be held at 9:00 a.m. ET.

Those wishing to participate should call:

 
 United States          833 470 1428 
 United Kingdom         0808 189 6484 
 All other countries    +1 929 526 1599 
 Conference ID          646609 
 

Access to the webcast and accompanying slides will be available via the investor relations section of Janus Henderson's website (ir.janushenderson.com).

About Janus Henderson

Janus Henderson Group is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. As of March 31, 2025, Janus Henderson had approximately US$373 billion in assets under management, more than 2,000 employees, and offices in 25 cities worldwide. The firm helps millions of people globally invest in a brighter future together. Headquartered in London, Janus Henderson is listed on the NYSE.

FINANCIAL DISCLOSURES

Condensed consolidated statements of comprehensive income (unaudited)

 
                                      Three months ended 
                                    ----------------------- 
                                     31 Mar   31 Dec   31 Mar 
(in US$ millions, except per 
share data or as noted)               2025     2024     2024 
---------------------------------   --------  ------  -------- 
Revenue: 
Management fees                       513.0   522.7   459.4 
Performance fees                       (3.6)   67.5   (13.1) 
Shareowner servicing fees              61.4    63.6    57.2 
Other revenue                          50.6    54.5    48.2 
                                     ------   -----   ----- 
      Total revenue                   621.4   708.3   551.7 
 
Operating expenses: 
Employee compensation and benefits    181.5   207.0   165.8 
Long-term incentive plans              44.1    39.3    50.4 
Distribution expenses                 132.1   138.2   122.4 
Investment administration              16.1    15.5    12.2 
Marketing                               9.9    14.3     8.0 
General, administrative and 
 occupancy                             75.6    87.9    68.6 
Depreciation and amortization           8.5     8.6     5.1 
                                     ------   -----   ----- 
      Total operating expenses        467.8   510.8   432.5 
 
Operating income                      153.6   197.5   119.2 
 
Interest expense                       (5.9)   (7.2)   (3.1) 
Investment gains, net                  (5.5)    6.9    22.5 
Other non-operating income 
 (expense), net                         6.4   (27.2)   34.6 
                                     ------   -----   ----- 
   Income before taxes                148.6   170.0   173.2 
Income tax provision                  (32.6)  (48.5)  (32.6) 
                                     ------   -----   ----- 
   Net income                         116.0   121.5   140.6 
Net loss (income) attributable to 
 noncontrolling interests               4.7     0.3   (10.5) 
                                     ------   -----   ----- 
   Net income attributable to JHG     120.7   121.8   130.1 
Less: allocation of earnings to 
 participating stock-based awards      (2.4)   (3.1)   (3.0) 
                                     ------   -----   ----- 
   Net income attributable to JHG 
    common shareholders               118.3   118.7   127.1 
 
Basic weighted-average shares 
 outstanding (in millions)            153.9   154.2   157.5 
Diluted weighted-average shares 
 outstanding (in millions)            154.5   154.8   157.7 
 
Diluted earnings per share (in US$)    0.77    0.77    0.81 
 

Reconciliation of non-GAAP financial information

In addition to financial results reported in accordance with GAAP, we compute certain financial measures using non-GAAP components, as defined by the SEC. These measures are not in accordance with, or a substitute for, GAAP, and our financial measures may be different from non-GAAP financial measures used by other companies. We have provided a reconciliation of our non-GAAP components to the most directly comparable GAAP components. The following are reconciliations of GAAP revenue, operating expenses, operating income, net income attributable to JHG, and diluted earnings per share to adjusted revenue, adjusted operating expenses, adjusted operating income, adjusted net income attributable to JHG, and adjusted diluted earnings per share.

 
                                     Three months ended 
                               ------------------------------- 
                                 31 Mar       31 Dec      31 Mar 
(in US$ millions, except per 
share data or as noted)           2025         2024        2024 
----------------------------   -----------  ----------  ---------- 
Reconciliation of revenue to 
adjusted revenue 
Revenue                          621.4       708.3       551.7 
   Management fees(1)            (50.6)      (53.8)      (45.5) 
   Shareowner servicing 
    fees(1)                      (49.9)      (51.3)      (45.9) 
   Other revenue(1)              (34.4)      (35.6)      (33.5) 
                                ------      ------      ------ 
Adjusted revenue                 486.5       567.6       426.8 
 
Reconciliation of operating 
expenses to adjusted 
operating expenses 
Operating expenses               467.8       510.8       432.5 
   Employee compensation and 
    benefits(2)                   (2.8)       (2.5)       (8.5) 
   Long-term incentive 
    plans(2)                        --        (2.9)       (1.8) 
   Distribution expenses(1)     (132.1)     (138.2)     (122.4) 
   General, administration and 
    occupancy(2)                  (0.2)       (1.5)       (1.1) 
   Depreciation and 
    amortization(3)               (2.8)       (2.8)       (0.1) 
                                ------      ------      ------ 
Adjusted operating expenses      329.9       362.9       298.6 
 
Adjusted operating income        156.6       204.7       128.2 
 
Operating margin                  24.7%       27.9%       21.6% 
Adjusted operating margin         32.2%       36.1%       30.0% 
 
Reconciliation of net income 
attributable to JHG to 
adjusted net income 
attributable to JHG 
Net income attributable to JHG   120.7       121.8       130.1 
   Employee compensation and 
    benefits(2)                     --          --         6.0 
   Long-term incentive 
    plans(2)                        --         2.9         1.8 
   General, administration and 
    occupancy(2)                   0.2         1.5         1.1 
   Depreciation and 
    amortization(3)                2.8         2.8         0.1 
   Interest expense(4)             0.1         0.2          -- 
   Other non-operating income 
    (expense), net(4)              3.1        42.5       (22.6) 
   Income tax provision(5)        (1.1)       (1.1)       (2.1) 
   Net income attributable to 
    noncontrolling 
    interests(6)                  (1.2)       (1.2)         -- 
                                ------      ------      ------ 
Adjusted net income 
 attributable to JHG             124.6       169.4       114.4 
Less: allocation of earnings 
 to participating stock-based 
 awards                           (2.5)       (4.3)       (2.6) 
                                ------      ------      ------ 
Adjusted net income 
 attributable to JHG common 
 shareholders                    122.1       165.1       111.8 
 
Weighted-average diluted 
 common shares outstanding -- 
 diluted (in millions)           154.5       154.8       157.7 
Diluted earnings per share (in 
 US$)                             0.77        0.77        0.81 
Adjusted diluted earnings per 
 share (in US$)                   0.79        1.07        0.71 
 
 
(1)    JHG contracts with third-party intermediaries to distribute and service 
       certain of its investment products. Fees for distribution and servicing 
       related activities are either provided for separately in an investment 
       product's prospectus or are part of the management fee. Under both 
       arrangements, the fees are collected by JHG and passed through to 
       third-party intermediaries who are responsible for performing the 
       applicable services. The majority of distribution and servicing fees 
       collected by JHG are passed through to third-party intermediaries. JHG 
       management believes that the deduction of distribution and servicing 
       fees from revenue in the computation of adjusted revenue reflects the 
       pass-through nature of these revenues. In certain arrangements, JHG 
       performs the distribution and servicing activities and retains the 
       applicable fees. Revenues for distribution and servicing activities 
       performed by JHG are not deducted from GAAP revenue. In addition to the 
       adjustments related to distribution and servicing activities, other 
       revenue also includes an adjustment related to an employee secondment 
       arrangement with a joint venture. The arrangement is pass-through in 
       nature, and we believe the costs do not represent our ongoing 
       operations. 
 
 
(2)    Adjustments for all periods presented include an adjustment related to 
       an employee secondment arrangement with a joint venture. The 
       arrangement is pass-through in nature, and we believe the costs do not 
       represent our ongoing operations. Adjustments for the three months 
       ended December 31, 2024, and March 31, 2024, also include 
       acquisition-related expenses, redundancy expense and the acceleration 
       of long-term incentive plan expense related to the departure of certain 
       employees. JHG management believes these costs are not representative 
       of our ongoing operations. 
 
 
(3)    Investment management contracts have been identified as a separately 
       identifiable intangible asset arising on the acquisition of 
       subsidiaries and businesses. Such contracts are recognized at the net 
       present value of the expected future cash flows arising from the 
       contracts at the date of acquisition. For segregated mandate contracts, 
       the intangible asset is amortized on a straight-line basis over the 
       expected life of the contracts. JHG management believes these non-cash 
       and acquisition-related costs are not representative of our ongoing 
       operations. 
 
 
(4)    Adjustments for all periods presented include the reclassification of 
       accumulated foreign currency translation adjustments to net income from 
       JHG liquidated entities. The adjustment for the three months ended 
       March 31, 2025, also includes fair value adjustments of 
       acquisition-related contingent consideration. JHG management believes 
       these costs are not representative of our ongoing operations. 
 
 
(5)    The tax impact of the adjustments is calculated based on the applicable 
       U.S. or foreign statutory tax rate as it relates to each adjustment. 
       Certain adjustments are either not taxable or not tax-deductible. 
 
 
(6)    Adjustments for the three months ended March 31, 2025, and December 31, 
       2024, include the noncontrolling interest on amortization of 
       acquisition-related intangible assets. JHG management believes these 
       non-cash and acquisition-related costs are not representative of our 
       ongoing operations. 
 

Condensed consolidated balance sheets (unaudited)

 
                                                  31 Mar    31 Dec 
(in US$ millions)                                  2025      2024 
----------------------------------------------   --------  --------- 
Assets: 
Cash and cash equivalents                         1,083.6  1,217.2 
Investments                                         362.7    337.1 
Property, equipment and software, net                37.4     39.4 
Intangible assets and goodwill, net               4,067.6  4,023.7 
Assets of consolidated variable interest 
 entities                                           754.3    525.4 
Other assets                                        811.8    820.3 
                                                  -------  ------- 
     Total assets                                 7,117.4  6,963.1 
                                                  -------  ------- 
 
Liabilities, redeemable noncontrolling 
interests and equity: 
Long-term debt                                      395.2    395.0 
Deferred tax liabilities, net                       570.9    569.3 
Liabilities of consolidated variable interest 
 entities                                            28.1      4.7 
Other liabilities                                   761.2    911.0 
Redeemable noncontrolling interests                 535.5    365.0 
Total equity                                      4,826.5  4,718.1 
                                                  -------  ------- 
     Total liabilities, redeemable 
      noncontrolling interests and equity         7,117.4  6,963.1 
                                                  -------  ------- 
 

Condensed consolidated statements of cash flows (unaudited)

 
                                     Three months ended 
                                  ------------------------- 
                                   31 Mar   31 Dec    31 Mar 
(in US$ millions)                   2025     2024      2024 
-------------------------------   --------  -------  --------- 
Cash provided by (used for): 
   Operating activities               2.8    247.3     (5.0) 
   Investing activities            (227.3)    44.3    (54.3) 
   Financing activities              79.6   (518.9)  (179.2) 
   Effect of exchange rate 
    changes                          15.8    (42.7)    (7.3) 
                                   ------   ------   ------ 
      Net change during period     (129.1)  (270.0)  (245.8) 
                                   ------   ------   ------ 
 

Basis of preparation

In the opinion of management of Janus Henderson Group plc, the condensed consolidated financial statements contain all normal recurring adjustments necessary to fairly present the financial position, results of operations, and cash flows of JHG in accordance with GAAP. Such financial statements have been prepared in accordance with the instructions to Form 10--Q pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The financial statements should be read in conjunction with the annual consolidated financial statements and notes presented in Janus Henderson's Annual Report on Form 10--K for the year ended December 31, 2024, filed with the SEC (Commission File No. 001--38103). Events subsequent to the balance sheet date have been evaluated for inclusion in the financial statements through the issuance date and are included in the notes to the condensed consolidated financial statements.

FORWARD-LOOKING STATEMENTS DISCLAIMER

Past performance is no guarantee of future results. Investing involves risk, including the possible loss of principal and fluctuation of value.

Certain statements in this press release not based on historical facts are "forward-looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Such forward-looking statements involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events, including with respect to the timing and anticipated benefits of pending and recently completed transactions and strategic partnerships, and expectations regarding opportunities that align with our strategy. In some cases, forward-looking statements can be identified by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would," and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements.

Various risks, uncertainties, assumptions, and factors that could cause our future results to differ materially from those expressed by the forward-looking statements included in this press release include, but are not limited to, changes in interest rates and inflation, changes in trade policies (including the imposition of new or increased tariffs), volatility or disruption in financial markets, our investment performance as compared to third-party benchmarks or competitive products, redemptions, and other risks, uncertainties, assumptions, and factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2024, and in other filings or furnishings made by the Company with the SEC from time to time.

Annualized, pro forma, projected, and estimated numbers are used for illustrative purposes only, are not forecasts, and may not reflect actual results.

The information, statements, and opinions contained in this document do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments.

Not all products or services are available in all jurisdictions.

Janus Henderson is a trademark of Janus Henderson Group plc or one of its subsidiaries.

(c) Janus Henderson Group plc.

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    CONTACT:    Investor enquiries: 

Jim Kurtz

Head of Investor Relations

+1 303 336 4529

jim.kurtz@janushenderson.com

Or

Investor Relations

investor.relations@janushenderson.com

Media enquiries:

Candice Sun

Global Head of Media Relations

+1 303 336 5452

candice.sun@janushenderson.com

Nicole Mullin

Media Relations Director, UK, EMEA, LatAm & APAC

+44 (0)20 7818 2511

nicole.mullin@janushenderson.com

 
 

(END) Dow Jones Newswires

May 01, 2025 07:30 ET (11:30 GMT)

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