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Foresight Group (FSG) investor relations material
Foresight Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong H1 FY26 financial performance with 4% AUM growth to £13.7bn, 11% revenue growth to £81.5m, and 6% core EBITDA pre-SBP growth to £30.6m, supported by robust retail and institutional fundraising and a diversified platform across real assets, private equity, and capital management in the UK, Europe, and Australia.
Recurring revenue remained high at 85%-90%, with over 90% long-duration capital, providing strong revenue visibility and compounding growth.
Profits and adjusted EPS have grown significantly since IPO, with adjusted EPS up 15% to 20.4p and profit attributable to shareholders rising to £18.4m.
Management fee margins and dividend payout ratios have remained stable, with interim DPS up 9% to 8.1p per share.
Demonstrated a strong post-IPO track record, with AUM CAGR of 15% and a resilient business model.
Financial highlights
AUM increased 4% year-over-year to £13.7bn; FUM up 1% to £9.6bn.
Revenue rose 11% to £81.5m; recurring revenue at 86.6%-87% of total.
Core EBITDA pre-SBP grew 6% to £30.6m; margin compressed to 37.6%-38% due to negative contribution from FCM/public markets.
Adjusted EPS up 15% to 20.4p; basic EPS at 16.3p (up from 10.9p); interim dividend up 9% to 8.1p per share.
Total dividends have delivered a 21% three-year CAGR, returning over £90m to shareholders since IPO.
Outlook and guidance
On track to double core EBITDA pre-SBP by FY29, targeting c.£118m, supported by strong demand for tax-efficient products and multi-vintage institutional strategies.
Margin expected to remain stable for the rest of the year, with improvement anticipated in H2 but likely to remain below 40%; medium-term target is mid-40s by FY29.
Positive tailwinds for tax-efficient products following UK budget; no material impact from recent policy changes.
- TimeTickerHeadlineOpen
- 6 FebJ
Strong growth, digital innovation, and margin expansion drive robust multi-year financial outlook. - 6 Feb004020
Operating profit rose on cost savings and high-value sales, with major US expansion underway. - 6 FebJOUT
Net sales up 31%, gross margin at 36.6%, and net loss narrowed to $3.3 million. - 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
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