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AAP
AAP
Adrian Black

AMP profit slips but adviser growth impresses investors

AMP says its fall in interim net profits was due to business simplification and litigation costs. (Joel Carrett/AAP PHOTOS)

Financial services group AMP has recorded another decline in bottom-line profit, but says its pool of financial advisers is growing despite a nationwide shortage.

Interim net profit fell by almost five per cent to $98 million in the first half of 2025, mainly due to "business simplification and litigation costs". The result is a marked improvement on a 61 per cent slip in the first half of 2024.

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