Ashmore Group reported a 21% earnings miss for fiscal 2026, with adjusted EBITDA falling 32% year-on-year to £35.7 million and missing consensus expectations. The asset manager attributed the weaker result to lower performance fees and higher variable compensation costs linked to gains on seed capital. Earlier headline figures showed pre-tax profit up 17%, earnings per share 28% higher and assets under management up 13% to $54 billion, creating a mixed picture of growth in assets alongside weaker underlying profitability.