Foresight Group drops as EBITDA margins decrease

Foresight group

02/12/2025 11:59

** Shares of infrastructure and private equity manager Foresight Group FSGF.L down 7.2% at 429.5p

** FSGF's HY core EBITDA pre-SBP (share-based payments) margin, a key alternative performance measure, fell to 37.6% from last year's 39.6%, due to outflows in co's FCM division

** However, co maintains it is on track to deliver its outlook of doubling core EBITDA pre-SBP over the five years to FY29

** "While guidance to double core EBITDA pre-SBP by FY29 remains intact, we expect FY26E EBITDA to trend toward the lower end of consensus due to margin compression"- Jefferies

** YTD, stock had risen 4.14%

(Reporting by Tuhina in Bengaluru)

(((( Tuhina@thomsonreuters.com )) ))