Record falls after annual revenue drop

Record

20/06/2025 09:04

** Shares of British asset manager Record Plc RECL.L down 4.9% at 54.1 p
** Record posts FY revenue of 41.6 million pounds ($56.04 million), down 8% from a year earlier due to lower performance fees

** Revenue drop in FY-25 due to lower performance fees and the impact of one large client loss - RECL
** Posts FY AUM of $100.9 billion vs. $102.1 billion a year ago
** Expects FY26 revenue growing low single digits and EPS flat

** Including session moves, stock up 3% YTD

($1 = 0.7423 pounds)

 (Reporting by Subiksha S in Bengaluru)

 ((Subiksha.S@thomsonreuters.com))