Hargreaves Lansdown – Half-year Report

Hargreaves Lansdown plc

Interim results for the six months ended 31 December 2021

Hargreaves Lansdown plc (“HL” or “the Group”) today announces interim results for the six month period ended 31 December 2021.

Highlights

• Net new business of £2.3 billion.
• Assets under administration up 17% since 31 December 2020 to £141.2 billion.
• 1,693,000 active clients, an increase of 48,000 since 30 June 2021.
• Interim dividend up 3% to 12.26 pence per share (H1 2021: 11.9p)

Chris Hill, Chief Executive Officer, commented:

In the first half of this financial year, we saw a gradual return to the office and calmer markets which led to more normalised share trading levels, albeit still higher than before the pandemic. Our assets under administration have reached record levels, and we now have a record 1.7 million customers.

As the market leader, with a stronger than ever 43.3% market share, now is the right time to target the broader wealth management market and set a new standard for how the UK saves and invests. At our Capital Markets Day today, we will set out a clear plan for HL's next phase of growth – to redefine wealth management.

*Underlying profit before tax and underlying diluted earnings per share are new Alternative Performance Measures which exclude the impact of strategic investment costs. See the Glossary of Alternative Performance Measures on page 29 for the full definitions and pages 9 and 10 where reconciliation to the relevant statutory measures are provided.