JANUS HENDERSON GROUP PLC

Listed Company

JHGCIK 0001274173NYSELarge AcceleratedInvestment AdviceY9GBFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$815.90M

Total Assets

$8.29B

Equity

$5.11B

Shares Out

154.08M

Op. Cash Flow

$719.50M

+ 13F Filer

Business

JANUS HENDERSON GROUP PLC is an independent global asset manager that provides investment management across major asset classes. It offers a broad range of investment products and services, including mutual funds, ETFs, separately managed accounts, pooled vehicles (UCITS, SICAVs, OEICs, CITs), institutional mandates, and alternative strategies such as private credit and long/short equity. The company operates through four primary investment capabilities: Equities, Fixed Income, Multi-Asset and Alternatives. It distributes products and services across North America, the UK, continental Europe, Latin America, Japan, broader Asia and Australia via intermediary, self-directed and institutional channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	3,097	2,473	2,102	2,204	2,767
Labor and Related Expense	872	716	593	612	693
Long-term incentive plans	184	167	167	181	181
Distribution expenses	556	521	456	498	554
Investment administration	69	58	47	49	52
Marketing	47	40	37	27	32
General, administrative and occupancy	348	301	295	279	272
Impairment of assets	8	0	0	—	—
Depreciation and amortization	36	25	23	32	41
Total operating expenses	2,121	1,828	1,618	1,714	1,946
Operating income	977	646	484	490	821
Interest expense	−24	−18	−13	−13	−13
Investment gains, net	147	71	43	−113	800,000
Other non-operating income (expense), net	54	−87	13	12	9
Income before taxes	1,153	612	527	375	818
Income tax provision	−246	−166	−100	−101	−205
Net income	908	446	427	275	612
Net income attributable to noncontrolling interests	−92	−37	−35	98	8
Net income attributable to JHG	816	409	392	372	620
Basic (in dollars per share)	5.25	2.57	2.37	2.23	3.59
Diluted (in dollars per share)	5.23	2.56	2.37	2.23	3.57
Foreign currency translation gains (losses)	146	−53	97	−221	−50
Reclassification of foreign currency translation to net income	1	138	5	−4	—
Actuarial losses	−4	−13	−14	−38	−22
Other comprehensive income, net of tax	143	73	87	−263	−73
Other comprehensive loss (income) attributable to noncontrolling interests	−12	6	−3	2	400,000
Other comprehensive income attributable to JHG	132	78	84	−261	−72
Total comprehensive income	1,051	519	514	12	540
Total comprehensive income attributable to noncontrolling interests	−103	−31	−38	100	8
Total comprehensive income attributable to JHG	948	487	476	112	548

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,254	1,217	1,152	1,162	—
Investments	365	337	334	262	—
Fees and other receivables	757	357	294	253	352
OEIC and unit trust receivables	47	69	95	66	84
Other current assets	155	135	175	120	150
Total current assets	3,814	2,640	2,456	2,215	2,409
Property, equipment and software, net	33	39	44	52	63
Intangible assets, net	2,527	2,473	2,431	2,415	2,543
Goodwill	1,621	1,550	1,290	1,253	1,342
Retirement benefit asset, net	72	70	88	98	—
Other Assets, Noncurrent	219	190	188	206	181
Total assets	8,287	6,963	6,497	6,238	6,702
Accounts Payable and Accrued Liabilities, Current	338	266	231	233	271
Current portion of accrued compensation, benefits and staff costs	505	389	298	301	420
OEIC and unit trust payables	47	76	99	73	—
Total current liabilities	913	735	631	611	786
Accrued compensation, benefits and staff costs	49	39	45	47	46
Long-term debt	396	395	305	308	310
Deferred tax liabilities, net	625	569	571	575	619
Other Liabilities, Noncurrent	186	142	90	99	134
Total liabilities	2,167	1,880	1,641	1,641	1,900
Commitments and contingencies (See Note 19)	—	—	—	—	—
REDEEMABLE NONCONTROLLING INTERESTS	845	365	317	234	149
Common stock, $1.50 par value; 480,000,000 shares authorized, and 154,075,608 and 158,126,855 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively	231	237	245	249	254
Additional paid-in-capital	3,734	3,745	3,722	3,707	3,772
Treasury shares, 46,306 and 36,171 shares held at December 31, 2025, and December 31, 2024, respectively	−1	−900,000	−1	−8	−55
Accumulated other comprehensive loss, net of tax	−354	−485	−564	−648	−387
Retained earnings	1,498	1,095	1,136	1,061	1,040
Total shareholders equity	5,108	4,592	4,538	4,360	4,624
Nonredeemable noncontrolling interests	167	127	200,000	3	15
Total equity	5,276	4,718	4,538	4,363	4,639
Total liabilities, redeemable noncontrolling interests and equity	8,287	6,963	6,497	6,238	6,702

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	36	25	23	32	41
Deferred income taxes	48	2	−6	−14	−2
Liability settled	80	72	77	91	68
Reclassification of foreign currency translation to net income	1	138	5	−4	—
Provision for credit losses and contingent consideration adjustments	−22	0	24	0	0
Other, net	−11	−11	−9	−8	−8
OEIC and unit trust receivables and payables	−7	3	−3	−700,000	1
Fees receivable and other assets	−354	−12	−25	42	−45
Other accruals and liabilities	188	103	−27	−96	106
Net operating activities	720	695	442	473	895
Investments, net	−86	−37	−60	45	−177
Property, equipment and software	−9	−10	−11	−18	−10
Investments by consolidated seeded investment products, net	−261	−101	−225	−44	−97
Seed capital hedges, net	−94	−11	−38	76	−27
Acquisitions, net of cash acquired	−2	−127	0	0	—
Other, net	−9	700,000	4	500,000	—
Net investing activities	−461	−285	−329	59	−283
Purchase of common stock for stock-based compensation plans	−97	−80	−57	−114	−72
Purchase of common stock for the share buyback program	−169	−208	−62	−99	−372
Dividends paid to shareholders	−249	−250	−259	−259	−256
Issuance of long-term debt	0	395	0	0	—
Repayment of current portion of long-term debt	0	−304	0	0	—
Third-party capital invested into consolidated seeded investment products, net	267	123	227	51	100
Other, net	9	−300,000	−1	2	—
Net financing activities	−239	−324	−152	−419	−588
Net change	59	67	−8	58	11
Effect of foreign exchange rate changes	39	−18	31	−55	−14
Cash paid for interest	22	19	15	15	15
Cash paid for income taxes, net of refunds	171	133	104	141	218

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 7,290 positions

Reported AUM

$207.10B

Holdings

7.3K

Top sector

$207.10B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$207.10B	100.0%

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