M&G stock reports record half-year operating profit since 2019 report

Published on 10/04/2026 at 23:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

M&G stock posted adjusted operating profit of GBP 435 million in H1 2026, up 15 percent year over year. An IFRS loss of GBP 165 million and a GBp 6.8 dividend frame the result.

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M&G stock is anchored by adjusted operating profit of GBP 435 million for the first half of 2026, the company's best first-half result since its 2019 listing. Funds Society reported on September 3, 2026, that the adjusted operating profit was up 15 percent year over year.

Profit rises while IFRS turns negative

The operating result was supported by GBP 2.4 billion of net inflows from open business and a 24 percent increase in asset management profit to GBP 159 million. Asset management also generated GBP 565 million in recurring revenue, while the life division contributed GBP 375 million.

The headline profit improvement came with a clear accounting counterweight. Scottish Widows reported on September 3, 2026, that M&G recorded an IFRS loss after tax of GBP 165 million, compared with a GBP 248 million profit in the prior-year period, after GBP 551 million of adverse short-term investment movements.

Citi lifts target to GBp 328

Analyst attention has focused on the earnings mix rather than on a simple profit trend. Markets Insider reported on October 1, 2026, that Citi raised its M&G price target to GBp 328 from GBp 295 and kept a Neutral rating.

The wider consensus is Hold across 12 analysts, with an average target of GBP 3.273, according to MarketScreener. M&G also set its interim dividend at GBp 6.8 per share, keeping shareholder distributions central to the investment case.

M&G stock last at GBp 313.50

M&G stock was last at GBp 313.50 on the London Stock Exchange on October 2, 2026, at 4:36 p.m. BST, up GBp 2.80 or 0.90 percent from the prior close. The price stood between a 52-week low of GBp 250.20 and a high of GBp 367.10.