AMP stock gets an AUD 150 million buyback after strong results

Published on 10/08/2026 at 07:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AMP stock gets an AUD 150 million buyback announced October 2, 2026. First-half underlying NPAT rose 33 percent to AUD 174 million, while statutory NPAT reached AUD 154 million.

AMP, AU000000AMP6, Illustration mit AI erstellt.

AMP stock is tied to an AUD 150 million on-market buyback announced October 2, 2026, while the latest quote was AUD 2.40 on ASX at 3:56 p.m. AEDT on October 8, 2026. The half-year figures show underlying NPAT up 33 percent to AUD 174 million and statutory NPAT up 57 percent to AUD 154 million.

Buyback meets higher profit

According to Intelligent Investor on October 2, 2026, AMP announced a buyback notification covering up to AUD 150 million of shares. The program runs through April 30, 2027, giving the capital-return plan a defined end date.

Investing.com reported that first-half 2026 underlying NPAT rose 33 percent to AUD 174 million and statutory NPAT increased 57 percent to AUD 154 million. The same results included an interim dividend of AUD 0.03 per share, compared with AUD 0.02 per share for the prior-year period.

On August 6, 2026, AMP reported 2,432,792,139 shares on issue, according to Simply Wall St. That share count places the AUD 150 million authorization in the context of a broad shareholder-return program rather than a single dividend payment.

Consensus sits above the quote

Investing.com lists a consensus rating of Buy from eight analysts, with an average 12-month price target of AUD 2.472. The target lies 3.00 percent above the AUD 2.40 quote, while the published high and low targets are AUD 2.92 and AUD 1.50.

The consensus spread is narrow against the current price, so the October 15 operating update is the next concrete test for whether the profit improvement is translating into continued cash generation. AMP operates banking, superannuation and retirement businesses in Australia and New Zealand.

October 15 is the next checkpoint

AMP's shareholder calendar lists its 3Q26 cashflows and business update for October 15, 2026, according to AMP. The date matters because the half-year profit increase and the buyback now set two measurable reference points for the next company update.

Stock trades below yearly high

AMP stock was last at AUD 2.40 on ASX at 3:56 p.m. AEDT on October 8, 2026, down 5.51 percent from AUD 2.54; its 52-week range is AUD 1.14 to AUD 2.67. Market capitalization was AUD 5.8 billion and volume reached 8,554,714 shares on the same date.