REG - Foresight Group Hldg - Trading update for 3 months ended 31 December 2024

Foresight groupAnnouncement

09/01/2025 07:00

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RNS Number : 6607S  Foresight Group Holdings Limited  09 January 2025

LEI: 213800NNT42FFIZB1T09

9 January 2025

 

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WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE
UNLAWFUL

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. FOR IMMEDIATE RELEASE

 

 

 

Trading update for the three months ended 31 December 2024

AUM resilient, with record year to date fundraising in tax efficient retail
strategies

 

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

 

The Group is pleased to announce its trading update for the three months ended
31 December 2024 ("Q3 FY25", the "period", the "quarter").

 

AUM/FUM Quarterly Movement

 

               Actuals                                            Constant currency basis

               (Last 3 months)                                    (Last 3 months)
 (£ billion)   31 Dec 2024 (a)  30 Sept 2024 (b)  Change % (a/b)  31 Dec 2024 (c)  Change % (c/b)
 AUM           12.2             12.4              -2%             12.4             0%
 FUM           8.5              8.7               -1%             8.7              0%

Note: Foreign exchange movements in the period included a 5% depreciation in
AUD to GBP.

 

Since the recent publication of our interim results on 28 November 2024,
fundraising across our strategies has been in line with expectations, with an
update to be provided at our financial year end.

 

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

 

"During the quarter, our well-established retail sales team remained on track
for a record year of fundraising in our tax efficient retail strategies, with
over £400 million raised year to date(1) (#_ftn1) Institutional fundraising
included our Private Equity division's launch of its 14th active regional fund
in the South West of England, with good progress made towards achieving
further closes in Q4 across our Infrastructure and Private Equity divisions.

 

This quarter's fundraising keeps us on track to deliver our guidance to double
our core profitability metric over the five years to FY29."

 

FY25 Announcement

 

The next scheduled market update for Foresight Group will be a FY25 trading
update in April 2025.

 

Notes:

 

-       Please note that all figures contained in this announcement are
unaudited and subject to change.

 

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

 

-       Divisional AUM movement:

 

 (£ billion)     31 Dec 2024 (Q3 FY25)  30 Sept 2024 (H1 FY25)  Change %
 Infrastructure  9.9                    10.1                    -2%
 Private Equity  1.7                    1.6                     +5%
 FCM             0.6                    0.7                     -16%

 

 Foresight Group Investors                            H-Advisors Maitland
 Liz Scorer / Ben McGrory                             Sam Cartwright / Genevieve Ryan
 +44 (0) 7966 966956 / +44 (0) 7443 821577            +44 (0) 782 725 4561 / +44 (0) 781 710 5562
 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 2024. 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.

(#_ftnref1) (1)As at the date of release, 9 January 2025.

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