REG - Foresight Group Hldg - Half year results for 6 months ended 30/09/2025

Foresight groupAnnouncement

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RNS Number : 7837J  Foresight Group Holdings Limited  02 December 2025

LEI: 213800NNT42FFIZB1T09

2 December 2025

 

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UNLAWFUL

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. FOR IMMEDIATE RELEASE

 

 

Half-year results for the six months ended 30 September 2025

 

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 results for the six months ended 30
September 2025 ("H1 FY26", the "period").

 

Financial and Operational Highlights(1 )

 

                                   30 September 2025    31 March 2025        Change
 Period-end AUM (£m)               13,680               13,195               +4%
 Period-end FUM (£m)               9,627                9,559                +1%

                                   30 September 2025    30 September 2024    Change
 Total Revenue (£m)                81.5                 73.2                 +11%
 Recurring Revenue (% of Total)    86.6%                86.7%                -0.1 pts
 Core EBITDA pre-SBP (£m)          30.6                 29.0                 +6%
 Core EBITDA pre-SBP margin        37.6%                39.6%                -2.0 pts
 Dividend per Share (pence)        8.1                  7.4                  +9%

 

 ●    Assets under Management ("AUM") and Funds under Management ("FUM") increased
      by 4% and 1% to £13.7 billion and £9.6 billion respectively (FY25: £13.2
      billion AUM and £9.6 billion FUM). On a constant currency basis, AUM
      increased to £13.5 billion, with FUM at £9.5 billion.
      ◌                                         £223 million raised into higher margin retail vehicles which are on track for
                                                another record year supported by a strong H2 pipeline
      ◌                                         €505 million commitments secured to date for Foresight Energy Infrastructure
                                                Partners II ("FEIP II") from a combination of four new and three existing
                                                limited partners, concluding the first phase of fundraising.
      ◌                                         FEIP II completed a combined £210 million investment into UK battery storage,
                                                alongside another Foresight fund, acquiring Harmony Energy Income Trust
                                                ("HEIT").
      ◌                                         Foresight Capital Management delivered positive investment performance of £56
                                                million but experienced net outflows of £155 million.
 ●    High quality recurring revenue of 87% was maintained in the period, within our
      target range of 85-90%.
 ●    In Australia, the sale of leading independent power producer Zenith Energy at
      a valuation materially above the fund's prior holding value generated £3.4
      million of performance fees for the Group.
 ●    H1 FY26 core EBITDA pre-SBP increased by 6% to £30.6 million (H1 FY25: £29.0
      million) driven by successful fundraising into higher margin retail vehicles.
      ◌                                         Core EBITDA pre-SBP margin decreased to 37.6%, impacted by outflows from our
                                                FCM division. The margin is expected to remain stable for the remainder of the
                                                year, with institutional real asset fundraising being the catalyst for future
                                                margin expansion.
 ●    The Board is pleased to extend the Group's strong dividend track record with
      an interim dividend of 8.1 pence per share (H1 FY25: 7.4 pence), to be paid on
      30 January 2026 based on an ex-dividend date of 15 January 2026, with a
      record date of 16 January 2026. This is in line with the Group's dividend
      policy which targets a total dividend payout ratio of 60% of adjusted profit
      after tax.

 

Current Trading

 

Post period end, the multi vintage roll out of the Group's regional private
equity strategy continued with a £90 million 1  (#_ftn1) first close of its
16th regional fund. This fund launch further consolidates the Group's
excellent coverage of the UK and Ireland, supporting some of the country's
most promising smaller companies.

 

Further exit success within our real assets division included the partial sale
of Kinetic, a global transport company, at a premium to holding value, with
Foresight retaining a 30% stake. Foresight Natural Capital also successfully
made its first afforestation exit, Banc Woodland, at a 1.8x multiple on
invested capital.

 

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

 

"During the period we have benefitted from sustained investor appetite for our
specialist retail and institutional products. Our sales team has successfully
raised a total of £566 million over the last 12 months into higher margin
retail vehicles, representing a 31% increase on the prior year equivalent
period and is on track for another record year in FY26. Our multi vintage
approach to institutional fundraising saw our flagship real asset strategy,
FEIP II, finalise its first phase of fundraising at €505 million and, post
period end, our regional private equity strategy launched its 16th fund with a
£90 million first close.

 

Fundraising is underpinned by investment performance, with strong recent real
asset exits in Australia and from our natural capital strategy further
enhancing the team's track record. With our focus on long duration capital, we
are confident that the Group's diversified strategies can deliver further
growth as we remain on track to achieve our guidance to double core EBITDA
pre-SBP in the five years to FY29."

 

Half-year Report

 

A copy of the H1 FY26 Half-year Report has been submitted to the National
Storage Mechanism and will shortly be available at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The Half-year Report will also be available on the Company's website at
https://www.foresightgroup.eu/shareholders
(https://www.foresightgroup.eu/shareholders) where further information on
Foresight can be found.

 

Analyst Presentation

 

A pre-recorded presentation will be available to view on the Company's website
(https://www.foresightgroup.eu/shareholders
(https://www.foresightgroup.eu/shareholders) ) on 2 December 2025.

 

This presentation will be played at the start of a webcast from 09:00 GMT on
Tuesday 2 December 2025 and be followed by live Q&A for analysts hosted by
Bernard Fairman (Executive Chairman) and Gary Fraser (CEO). Those wishing to
join the webcast should register via the following link: Register here
(https://url.uk.m.mimecastprotect.com/s/VYY6CxGqKhQEVNZuvhnuy9Dyj?domain=lsegissuerservices.com)
.

 

Retail Investor Presentation via Investor Meet Company

 

Foresight is also hosting an investor presentation via Investor Meet Company
on Thursday 4 December 2025 at 15:30 GMT. The presentation is open to all
existing and potential shareholders and will be hosted by Gary Fraser (CEO).
Questions can be submitted pre-event via the Investor Meet Company dashboard
up until Wednesday 3 December 2025 at 09:00 GMT, or at any time during the
live presentation.

 

Investors can sign up to Investor Meet Company for free and register to meet
Foresight via:
https://www.investormeetcompany.com/foresight-group-holdings-limited/register-investor
(https://url.uk.m.mimecastprotect.com/s/08CGCQ1J9FNpyplIMilCGd5Jh?domain=investormeetcompany.com)
.

 

Investors who already follow Foresight on the Investor Meet Company platform
will automatically be invited.

 

Notes:

 

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

 

2.     Totals of data presented in this document may vary slightly from
the actual arithmetic totals of such data due to rounding adjustments, with
all percentage movements calculated on underlying numbers.

 

3.     Divisional AUM movement:

 (£ billion)     H1 FY26  FY25  Change %
 Real Assets*    10.9     10.2  +6%
 Private Equity  1.7      1.8   (1)%
 FCM             1.1      1.2   (8)%

*Previously Infrastructure.

 

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

 

               Actuals                              Constant currency basis              (Last 6 months)

               (Last 6 months)
 (£ billion)   30 Sept 2025  31 Mar 2025  Change %  30 Sept 2025                       Change %
               (a)           (b)          (a/b)     (c)                                (c/b)
 AUM           13.7          13.2         +4%       13.5                               +3%
 FUM           9.6           9.6          +1%       9.5                                0%

 

                                                      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.

Foresight is united by a shared commitment to build a sustainable future and
grow thriving companies and economies.

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  Including £20 million of funds already under Foresight management.

 

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