UK's Impax Asset Management H1 revenue falls on lower AUM

Impax Asset Management

20/05/2026 07:14

Overview

UK sustainable asset manager's H1 revenue and adjusted EPS declined yr/yr

Company completed £10 mln share buyback, reducing issued share capital by 5.6 mln shares

Impax to cut about 30 roles, or 11% of headcount, to improve efficiency

Outlook

Company expects to continue slowing net outflows by focusing on sustained investment performance

Company will maintain focus on operational efficiency and selective investment in growth areas

Result Drivers

NET OUTFLOWS - Revenue decline driven by lower average AUM, as net outflows of £3.6 bln and modest negative market impact reduced fee base

COST CONTROL - Lower operating costs from headcount reductions, fund closures, and increased automation helped partially offset revenue drop

Company press release: ID:nRST9892Ea

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 58.80 mln
H1 IFRS profit before tax
GBP 8.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Impax Asset Management Group PLC is GBp170.00, about 64.4% above its May 19 closing price of GBp103.40

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)