Foresight Group Holdings Earnings Call Transcripts
Fiscal Year 2026
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Double-digit growth in core EBITDA, EPS, and DPS was achieved, with AUM up 8% to GBP 13 billion, driven by record retail inflows and disciplined realizations. The business sharpened its focus on private markets, expects margin expansion, and targets strong fundraising and performance fee growth through FY 2029.
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Half-year results show 11% revenue growth, 4% AUM increase, and strong recurring earnings. Retail fundraising and institutional real assets performed well, while FCM faced margin pressure but is expected to recover. Medium-term targets and dividend growth remain on track.
Fiscal Year 2025
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Strong full-year results with 9% AUM and revenue growth, record fundraising, and margin expansion. Strategic acquisitions, robust cash generation, and favorable market tailwinds support confidence in doubling profits by FY29 and continued high shareholder returns.
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Strong half-year growth driven by diversified fundraising, with AUM up to GBP 12.4bn and revenue rising 8% year-on-year. Private equity and tax-efficient products led inflows, while infrastructure and listed equities showed improving trends.
Fiscal Year 2024
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Strong FY24 results with 18% EBITDA growth, margin expansion, and AUM rising to $12.6B. Updated guidance targets doubling core EBITDA in five years, driven by scalable infrastructure and private equity strategies, with increased dividends and buybacks reflecting robust cash generation.