REG - Record PLC - Third Quarter Trading Update

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RNS Number : 0476Q  Record PLC  23 January 2026

23 January 2026

 

 

 

RECORD PLC

THIRD QUARTER TRADING UPDATE

 

Record plc ("Record", the "Company" or the "Group"), the specialist currency
and asset manager, is pleased to announce its trading update for the three
months ended 31 December 2025 ("Q3 FY26").

 

Jan Witte, CEO of Record plc commented:

 

"At US$115.9bn, AUM ended another quarter at the highest level we have ever
reported, following positive net flows and underlying asset growth. We saw
strong inflows and growth in underlying assets for Passive Hedging, and a
second successive period of inflows for FX Alpha. It was also an excellent
quarter for performance fees, with a further £1.6m earned, bringing total
performance fees for the year to date to £2.4m."

 

Highlights

 

·    AUM increased to a new high of US$115.9bn driven by both positive net
flows and growth in underlying assets, partially offset by FX movements.

·    Performance fees of £1.6m for Q3 FY26 (Q3 FY25: £1.3m), bringing
performance fees for the year to date to £2.4m (Q3 YTD FY25: £2.9m).

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

·    Earnings expectations for current financial year are unchanged.

 

AUM composition

 

AUM at 31 December 2025 totalled US$115.9bn (30 September 2025: US$110.3bn).

 

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

 

                                                  Net flows  Asset movement    FX movement and scaling
  US$ billion (bn)             30 September 2025             31 December 2025

 Passive Hedging               72.0               2.4        2.3               (0.7)                    76.0
 Dynamic Hedging               17.2               (0.1)      0.5               0.0                      17.6
 Solutions for Asset Managers  17.2               0.1        0.3               (0.2)                    17.4
 Risk Management               106.4              2.4        3.1               (0.9)                    111.0
 FX Alpha                      1.7                0.9        -                 0.1                      2.7
 Custom Opportunities          0.8                -          -                 -                        0.8
 Other                         0.3                -          -                 -                        0.3
 Absolute Return               2.8                0.9        -                 0.1                      3.8
 EM Local Debt                 1.0                -          -                 -                        1.0
 Infrastructure                0.1                -          -                 -                        0.1
 Private Markets               1.1                -          -                 -                        1.1
 Total                         110.3              3.3        3.1               (0.8)                    115.9

 

 

LEI Number: 5493000VJ55ZTYGX4322

 

 

-Ends-

 

 

 

 

 

 For further information, please contact:

 

 Record plc                                 Tel: +44 (0)20 3892 1300

 Dr. Jan Witte, Chief Executive Officer     investorrelations@recordfg.com

 Richard Heading, Chief Financial Officer

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

 Atholl Tweedie | David Watkins

 

 

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