London · Delayed Price · Currency is GBP · Price in GBX Impax Asset Management Group Earnings Call Transcripts
Fiscal Year 2025
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Challenging markets led to significant outflows and lower profits, but cost reductions, a strong balance sheet, and strategic acquisitions have stabilized the business. Fixed income and private equity are positioned for growth, with optimism for a market rebound in 2026.
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H1 2025 saw lower revenue and profit due to major outflows, notably the St. James's Place mandate loss, but investment performance rebounded with 71% of funds outperforming benchmarks. Cost base was right-sized, a £10m share buyback was launched, and the client base is now more diversified.
Fiscal Year 2024
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AUM held steady at GBP 37.2bn despite net outflows, with revenue down 5% and operating margin at 31%. Cost control, strong cash generation, and strategic acquisitions support a stable dividend and position the business for growth as market conditions improve.