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Record (REC) investor relations material
Record Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Assets under management (AUM) reached a record high of $115.9bn for the quarter ended 31 December 2025, driven by positive net flows and asset growth.
Strong inflows were reported in Passive Hedging and FX Alpha strategies, with FX Alpha seeing a second consecutive quarter of inflows.
Performance fees for Q3 FY26 totaled £1.6m, with year-to-date performance fees at £2.4m.
Financial highlights
AUM increased from $110.3bn at 30 September 2025 to $115.9bn at 31 December 2025.
Q3 FY26 performance fees of £1.6m, up from £1.3m in Q3 FY25; year-to-date performance fees of £2.4m, down from £2.9m in the prior year.
Average fee rates remained broadly unchanged from the previous quarter.
Outlook and guidance
Earnings expectations for the current financial year remain unchanged.
- Record AUM of $102.2bn, stable profits, higher dividends, and a strategic IT refocus.REC
H2 20243 Feb 2026 - Record AUM of $106bn, higher profit, and a €1.1bn fund launch highlight strong growth.REC
H1 20253 Feb 2026 - AUM reached $102.7bn with strong performance fees and stable fee rates in Q1-2025.REC
Q1 2025 TU3 Feb 2026 - AUM reached US$106.0bn, with growth led by FX gains and stable fee rates.REC
Q2 2025 TU3 Feb 2026 - Performance fees surged and AUM hit $100.5bn, with revenue set to surpass expectations.REC
Q3 2025 TU3 Feb 2026 - AUM reached $100.9 billion, with strong risk management amid volatile currency markets.REC
Q4 2025 TU3 Feb 2026 - AUM held above $100bn, EPS up 4%, and Private Markets pipeline supports future growth.REC
H2 202516 Nov 2025 - Record $110.3bn AUM, lower profits, but Private Markets and Solutions drive future growth.REC
H1 202613 Nov 2025 - Cost control and private markets expansion offset revenue decline, supporting long-term growth.REC
Investor Update9 Nov 2025
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