AMP is focused on expanding digital capabilities and retirement products alongside high-growth segments and market expansion, especially in Asia. The company has undergone significant restructuring post-Royal Commission scandal, including strategic divestitures, to restore trust and streamline core operations. In 2024, AMP Limited's revenue was 2.85 billion, an increase of 4.29% compared to the previous year's 2.73 billion.
Cyborg Score Rationale
AMP demonstrates stable core fundamentals with recovering earnings post-Royal Commission crisis, but faces legacy trust issues and underperformance versus market benchmarks. Recent digital transformation initiatives and margin improvements offer growth catalysts, though regulatory headwinds and competitive pressures remain.
Top Insights
Market cap of AUD 3.23B as of March 2026 with conservative dividend yield of 3.08%, reflecting investor skepticism post-Royal Commission legacy
Significant business segment concentration: Platforms & Superannuation, AMP Bank, and NZ Wealth Management provide diversified revenue but face regulatory scrutiny on product performance
Digital transformation and cost management initiatives underway to improve margins; focus on cloud migration and AI-driven customer experience
Regulatory and compliance risks remain elevated, particularly regarding fund performance standards and legacy compensation obligations for 'fee for no service' scandal
Named Competitors
Superannuation & Wealth Management — Largest Australian bank with integrated wealth and superannuation division
Investment Platform — Major diversified financial services with strong wealth management platform
Digital-First Superannuation — Fintech disruption in low-cost, digitally-native superannuation platforms
Recent Developments
(February 2026) AMP released FY25 results showing revenue growth to AUD 2.85B and resumption of dividend payments with 3.08% yield
(December 2025) Macquarie Research maintained Neutral rating; September 2025 saw Jefferies upgrade to Buy from Hold
(2023-2024) Continued divestiture of non-core assets including sale of AMP Capital's international infrastructure equity business to DigitalBridge
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