Franklin Templeton said total AUM as of September 30, 2025 was $1,661.2 billion, 1% lower than as of September 30, 2024. The company cited $17.4 billion of long-term net outflows, including $97.4 billion of long-term net outflows at Western Asset Management, as the primary driver of the AUM decrease, partially offset by $141.9 billion of net market change, distributions and other.

1. 01

   Franklin Templeton said total AUM as of September 30, 2025 was $1,661.2 billion, 1% lower than as of September 30, 2024. The company cited $17.4 billion of long-term net outflows, including $97.4 billion of long-term net outflows at Western Asset Management, as the primary driver of the AUM decrease, partially offset by $141.9 billion of net market change, distributions and other.

2. 02

   Franklin Templeton said investment management fees increased $159.6 million in fiscal 2025, citing one additional quarter of revenue earned by Putnam, an increase in average equity AUM, and an increase in performance fees as factors. Performance fees were $474.0 million, compared to $390.7 million in fiscal 2024.

3. 03

   Franklin Templeton said impairment of intangible assets for fiscal 2025 was $226.6 million, of which $200.0 million related to impairment of indefinite-lived intangible assets for certain contracts managed by Western Asset Management. Impairment of intangible assets for fiscal 2024 was $389.2 million.

4. 04

   Franklin Templeton repaid the full outstanding borrowings of $300.0 million under the Amended and Restated Credit Agreement on September 5, 2025 using existing cash and borrowings, together with accrued interest of $5.5 million. The company repurchased 10.7 million shares for $240.3 million during fiscal 2025, and 19.2 million shares remained available for repurchase as of September 30, 2025.

Key figures

Fiscal year ended September 30, 2025

Revenue

$8.8B

Operating income

$604M

Net income

$525M

EPS

$0.91

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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