M&G (LON: MNG) financial statements
The consolidated income statement, balance sheet and cash flow statement of M&G for its last 6 fiscal years, as filed with the regulator, in millions of pounds. At the end of fiscal 2025 it had £190,601m in total assets and £3,136m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | −£8,545m | £17,772m | £15,216m |
| Finance costs | £138.0m | £121.0m | £160.0m | £162.0m | £160.0m | £167.0m |
| Profit before tax | £1,310m | £145.0m | £749.0m | −£2,497m | £707.0m | £1,605m |
| Income tax | £996.0m | £492.0m | £440.0m | −£878.0m | £615.0m | £463.0m |
| Net profit | £302.0m | −£360.0m | £297.0m | −£1,632m | £83.0m | £1,138m |
| Earnings per share | £0.13 | −£0.15 | £0.13 | −£0.66 | £0.033 | £0.44 |
| Diluted earnings per share | £0.12 | −£0.15 | £0.12 | −£0.66 | £0.032 | £0.44 |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | £190,601m | £184,224m | £189,622m | £191,560m | £219,134m | £228,726m |
| Property, plant and equipment | — | — | £2,065m | £1,953m | £2,536m | £2,066m |
| Cash | £4,904m | £4,838m | £5,590m | £4,884m | £6,908m | £6,776m |
| Total liabilities | £187,413m | £180,901m | £185,538m | £188,730m | £213,789m | £223,141m |
| Equity | £3,136m | £3,281m | £4,041m | £2,782m | £5,296m | £5,577m |
| Equity including minorities | £3,188m | £3,323m | £4,084m | £2,830m | £5,345m | £5,585m |
| Minority interests | £52.0m | £42.0m | £43.0m | £48.0m | £49.0m | £8.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | £953.0m | £677.0m | £2,016m | −£504.0m | £1,308m | £2,576m |
| Investing cash flow | −£152.0m | £152.0m | −£603.0m | −£368.0m | −£466.0m | −£957.0m |
| Financing cash flow | −£697.0m | −£1,142m | −£680.0m | −£1,202m | −£687.0m | −£880.0m |
| Capital expenditure | £175.0m | £289.0m | £496.0m | £573.0m | £770.0m | £821.0m |
| Dividends paid | — | — | — | — | £466.0m | £562.0m |
Where each figure comes from
From the annual report M&G files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the M&G page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.