REG - Record PLC - Fourth Quarter Trading Update

RecordAnnouncement

25/04/2025 07:00

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RNS Number : 1182G  Record PLC  25 April 2025

25 April 2025

RECORD PLC

FOURTH QUARTER TRADING UPDATE

 

Record plc ("Record" or the "Group"), the specialist currency and asset
manager, is pleased to announce its trading update for the three months ended
31 March 2025 ("Q4-2025").

 

Jan Witte, CEO of Record plc, commented:

 

"Our core risk management services continue to deliver great outcomes for our
clients. AuM remained high with modest outflows and asset movements offset by
positive changes in exchange rates. In addition, we recognised another £0.3m
of performance fees to bring the total for the year to £3.2m. Our
expectations for full year revenues are unchanged.

 

Currency volatility has been especially high in the first weeks of April and
we continue working closely with our clients to manage their hedging programs
and ensure they remain well protected.

 

Looking forward, I am confident that Record is very well positioned: we offer
best-in-class risk management solutions at a time of uncertainty, we have a
strong balance sheet, and, since we operate an agency model, we take no market
or counterparty credit risk ourselves."

 

Highlights

 

·    AUM increased $0.4 billion to US$100.9 billion with positive changes
in exchange rates partially offset by modest outflows and underlying market
movements.

·    Performance fees of £0.3m crystalised in Q4, bringing performance
fees for the full year to £3.2m.

·    Average fee rates in the quarter remained broadly unchanged from the
previous quarter.

 

AUM composition

 

The Group's AUM as at 31 March 2025 totalled US$100.9 billion (31 December
2024: US$100.5 billion).

 

The composition of and changes in AUM by product were as follows:

 

 US$ billion                 31 December 2024  Net flows  FX movements  Asset movements  31

                                                                                         March

                                                                                         2025
 Dynamic Hedging             14.9              0.4        0.0           0.6              15.9
 Passive Hedging             64.8              0.0        1.7           (1.4)            65.1
 Hedging for Asset Managers  12.8              1.2        0.3           0.0              14.3
 FX Alpha                    5.4               (2.2)      0.1           (0.3)            3.0
 EM Debt                     1.0               (0.1)      0.0           0.1              1.0
 Custom Solutions            1.4               0.0        0.0           0.0              1.4
 Cash & Futures / other      0.2               0.0        0.0           0.0              0.2
 Total                       100.5             (0.7)      2.1           (1.0)            100.9

 

Record will announce its results for the 12 months ended March 31(st) on 20
June 2025.

 

-Ends -

 

For further information, please contact:

 

 Record plc                                 investorrelations@recordfg.com

 Dr Jan Witte, Chief Executive Officer

 Richard Heading, Chief Financial Officer

 Panmure Liberum                            Tel: +44 (0)20 7886 2500

 Atholl Tweedie

 David Watkins

 

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