Third Quarter Trading Update

Record

23/01/2026 07:00

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
Dr. Jan Witte, Chief Executive Officer
Richard Heading, Chief Financial Officer
Tel: +44 (0)20 3892 1300
investorrelations@recordfg.com
Panmure Liberum
Atholl Tweedie | David Watkins
Tel:+44 (0)20 7886 2500

 

 

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