REG - Foresight Group Hldg - FY26 Trading Update

Foresight groupAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260409:nRSI7151Za&default-theme=true

RNS Number : 7151Z  Foresight Group Holdings Limited  09 April 2026

LEI: 213800NNT42FFIZB1T09

9 April 2026

 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO
THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH
AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN
WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE
UNLAWFUL

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. FOR IMMEDIATE RELEASE

 

 

 

 

 

 

 

Trading update for the financial year ended 31 March 2026

 

Foresight Group Holdings Limited ("Foresight", the "Group") is a leading
investment manager offering institutional and retail investors a diverse range
of private and listed investment solutions in real assets located in the UK,
Europe and Australia, and growth capital for SME businesses across the UK and
Ireland.

 

The Group is pleased to announce its trading update for the financial year
ended 31 March 2026 ("FY26", the "period").

 

Financial and Operational Highlights

 

AUM/FUM Growth

 

Assets under Management ("AUM") and Funds under Management ("FUM") increased
by 6% and 4% to £14.0 billion and £10.0 billion respectively (FY25: £13.2
billion AUM and £9.6 billion FUM).

 

 ·             On a constant currency basis, AUM and FUM increased to £13.6 billion and
               £9.8 billion. FY26 foreign exchange related increases have recovered 42% of
               total historical decreases since the FY23 Australia acquisition 1  (#_ftn1)

 ·             Record annual fundraising of £630 million was achieved in higher margin
               retail vehicles, a 7% year-on-year increase (FY25: £587 million) and a 93%
               increase over the last 3 years (FY23: £327 million)

 ·             The multi-vintage roll out of the Group's institutional regional private
               equity strategy continued with FY26 gross inflows of £95 million 2  (#_ftn2)
               , including the launch of a 16th fund

 ·             Foresight Energy Infrastructure Partners II SCSp ("FEIP II") has €595
               million commitments approved to date 3  (#_ftn3) , making good progress
               towards achieving its €1.25 billion target

 

o  Portfolio construction under way with three investments completed across
battery storage, solar and onshore wind

 

 ·             Foresight Capital Management ("FCM") continued to experience headwinds with a
               net reduction of £249 million, including both gross inflows of £141 million
               and positive NAV performance of £50 million

 ·             Strong realisations in Australia added to the team's investment track record
               and contributed material performance fees to the Group, whilst decreasing AUM
               by £250 million

 

High Quality Earnings

 

High revenue visibility was maintained, with a continued focus on recurring
revenue and long duration capital 4  (#_ftn4) providing the business with
significant earnings resilience in volatile market conditions.

 

We expect FY26 core EBITDA pre-Share Based Payments ("SBP") to be in line with
market expectations (FY26 consensus range: £65.2 million - £70.2 million,
FY25 actual: £62.2 million).

 

Capital Allocation

 

Following the April 2025 announcement of an up to £50 million share buyback
programme over 3 years, a net £9.6 million was utilised to repurchase
Ordinary Shares in FY26 5  (#_ftn5) . Over FY27 and FY28, the remaining £40.4
million of the current share buyback programme is expected to be utilised,
noting that the Board will reassess the utilisation of the share buyback
authority when considering capital allocation priorities.

 

Going forward, all Ordinary Shares repurchased that are not required to
satisfy our Performance Share Plan

Awards will be cancelled bi-annually.

 

Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited,
commented:

 

"Despite the geopolitical backdrop, FY26 has represented another period of
profitable and resilient growth for the Group, driven by both successful
fundraising and strong performance across our long duration products.

 

"Our sales team raised a record £630 million into higher margin retail
vehicles and institutional fundraising included our flagship real asset
strategy, FEIP II, as well as £95 million across regional private equity
funds. Our fundraising achievements continue to be underpinned by our
investment performance, with real asset exits in Australia further enhancing
the team's track record and contributing material performance fees to the
Group in the period.

 

"Looking ahead, the Group remains committed to doubling FY24 core EBITDA
pre-SBP, noting that the slower institutional Real Asset fundraising
environment could be prolonged by the volatility and uncertainty caused by
current geopolitical and macroeconomic factors. This backdrop strongly
reinforces the strategic imperative for energy security and investment in
renewable energy and enabling infrastructure. FEIP II is ready to support this
investment demand in the UK and Europe and the deployment from this second
vintage is well underway. We remain confident of reaching our total
fundraising target, enhanced by the ongoing maturation of the FEIP I track
record.

 

"Combined with sustained investor appetite for our retail and regional private
equity strategies, the Group is well positioned for further profitable growth.
Despite core EBITDA pre-SBP having close to tripled in the five years since
IPO, our current valuation remains disappointing and we are focused on closing
this gap."

 

FY26 Results Announcement

 

Foresight's Full Year Results to 31 March 2026 are scheduled to be released on
Monday 29 June 2026,

with a presentation for analysts on the same day. Details on how to attend the
presentation will be available

on https://www.foresightgroup.eu/shareholders
(https://www.foresightgroup.eu/shareholders) in due course.

 

Notes:

 

·      Please note that all figures contained in this announcement are
unaudited.

·      All percentage movements contained in this announcement are based
on actual figures.

·      Group AUM and FUM movement summary on a constant currency basis:

 

                               Last 6 months           Last 12 months         Constant currency basis (LTM)

                                                       ("LTM")
 (£ billion)   31 Mar 2026     30 Sept 2025  Change %  31 Mar 2025  Change %  31 Mar 2026      Change %
               (a)             (b)           (a/b)     (c)          (a/c)     (d)              (d/c)
 AUM           14.0            13.7          +2%       13.2         +6%       13.6             +3%
 FUM           10.0            9.6           +3%       9.6          +4%       9.8              +2%

 

Divisional AUM movement (last 12 months):

 

 (£ billion)                 31 Mar 2026 (FY26)                             31 Mar 2025 (FY25)  Change %
 Real Assets                 11.1                                           10.2                +8%
 Private Equity              2.0                                            1.8                 +11%
 FCM                         0.9                                            1.2                 -21%
                                                         H-Advisors Maitland

 Foresight Group Investors
 Liz Scorer / Ben McGrory                                Sam Cartwright
 +44 (0) 7966 966956 / +44 (0) 7443 821577               +44 (0) 782 725 4561
 ir@foresightgroup.eu (mailto:ir@foresightgroup.eu)      Foresight@h-advisors.global (mailto:Foresight@h-advisors.global)

 

About Foresight Group Holdings Limited

Founded in 1984, Foresight is a leading investment manager in real assets and
capital for growth, operating across the UK, Europe and Australia.

With decades of experience, Foresight offers investors access to attractive
investment opportunities at the forefront of change. Foresight actively builds
and grows investment solutions to support the energy transition, decarbonise
industry, enhance nature recovery and realise the economic potential of
ambitious companies.

A constituent of the FTSE 250 index, Foresight's diversified investment
strategies combine financial and operational skillsets to maximise asset value
and provide attractive returns to its investors. Its wide range of private and
public funds is complemented with a variety of investment solutions designed
for the retail market.

Visit https://foresight.group (https://www.foresight.group/) for more
information.

Follow us on LinkedIn for key updates.

 

Disclaimer - Forward-looking statements

This announcement, prepared by Foresight Group Holdings Limited (the
"Company"), may contain forward-looking statements about the Company. Such
forward-looking statements can be identified by the use of forward-looking
terminology, including the terms "believes", "projects", "estimates", "plans",
"anticipates", "targets", "aims", "continues", "expects", "intends", "hopes",
"may", "will", "would", "could" or "should" or, in each case, their negative
or other various or comparable terminology. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and other factors which
are beyond the Company's control and are based on the Company's beliefs and
expectations about future events as of the date the statements are made. If
the assumptions on which the Company bases its forward-looking statements
change, actual results may differ from those expressed in such statements.
There are a number of factors that could cause actual results and developments
to differ materially from those expressed or implied by these forward-looking
statements, including those set out under "Principal Risks" in the Company's
annual report for the financial year ended 31 March 2025. The annual report
can be found on the Company's website (https://www.foresightgroup.eu/).
Forward-looking statements speak only as of the date they are made. Except as
required by applicable law and regulation, the Company undertakes no
obligation to update these forward-looking statements. Nothing in this
announcement should be construed as a profit forecast.

 1  (#_ftnref1) Historic GBP/AUD foreign exchange rates: September 2022 (as at
acquisition): 1.6862, March 2025: 2.0678, March 2026: 1.9246.

 2  (#_ftnref2) Excluding £20 million of funds already under Foresight
management.

 3  (#_ftnref3) FY26 commitments approved comprised €110 million.

 4  (#_ftnref4) Defined as closed ended funds.

 5  (#_ftnref5) £9.6 million net spend calculated as the gross cost of shares
bought back in FY26 of £18.7 million less £9.1 million of cash received in
relation to treasury shares subsequently sold to satisfy institutional
investor demand.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTIPMLTMTTMBLF



            Copyright 2019 Regulatory News Service, all rights reserved