Trading update for 3 months ended 31 December 2024

Foresight Group Holdings Limited

09 January 2025

 

LEI: 213800NNT42FFIZB1T09

9 January 2025

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. FOR IMMEDIATE RELEASE

Trading update for the three months ended 31 December 2024

AUM resilient, with record year to date fundraising in tax efficient retail strategies

Foresight Group Holdings Limited ("Foresight", the "Group") is a leading investment manager offering institutional and retail investors a diverse range of listed and private investment solutions in real assets located in the UK, Europe and Australia, and growth capital for businesses across the UK and Ireland.

The Group is pleased to announce its trading update for the three months ended 31 December 2024 ("Q3 FY25", the "period", the "quarter").

AUM/FUM Quarterly Movement

	Actuals (Last 3 months)			Constant currency basis (Last 3 months)
(£ billion)	31 Dec 2024 (a)	30 Sept 2024 (b)	Change % (a/b)	31 Dec 2024 (c)	Change % (c/b)
AUM	12.2	12.4	-2%	12.4	0%
FUM	8.5	8.7	-1%	8.7	0%

Note: Foreign exchange movements in the period included a 5% depreciation in AUD to GBP.

Since the recent publication of our interim results on 28 November 2024, fundraising across our strategies has been in line with expectations, with an update to be provided at our financial year end.

Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited, commented:

"During the quarter, our well-established retail sales team remained on track for a record year of fundraising in our tax efficient retail strategies, with over £400 million raised year to date¹ Institutional fundraising included our Private Equity division's launch of its 14th active regional fund in the South West of England, with good progress made towards achieving further closes in Q4 across our Infrastructure and Private Equity divisions.

This quarter's fundraising keeps us on track to deliver our guidance to double our core profitability metric over the five years to FY29."

FY25 Announcement

The next scheduled market update for Foresight Group will be a FY25 trading update in April 2025.

Notes:

-       Please note that all figures contained in this announcement are unaudited and subject to change.

-       All percentage movements contained in this announcement are based on actual figures.

-       Divisional AUM movement:

(£ billion)	31 Dec 2024 (Q3 FY25)	30 Sept 2024 (H1 FY25)	Change %
Infrastructure	9.9	10.1	-2%
Private Equity	1.7	1.6	+5%
FCM	0.6	0.7	-16%

Foresight Group Investors	H-Advisors Maitland
Liz Scorer / Ben McGrory	Sam Cartwright / Genevieve Ryan
[phone] / [phone] [e-mail]	[phone] / [phone] [e-mail]

About Foresight Group Holdings Limited

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across the UK, Europe, and Australia.

With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.

A constituent of the FTSE 250 index, Foresight's diversified investment strategies combine financial and operational skillsets to maximise asset value and provide attractive returns to its investors. Its wide range of private and public funds is complemented with a variety of investment solutions designed for the retail market.

Visit https://foresight.group for more information.

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Disclaimer - Forward-looking statements

This announcement, prepared by Foresight Group Holdings Limited (the "Company"), may contain forward-looking statements about the Company. Such forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "projects", "estimates", "plans", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other various or comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are beyond the Company's control and are based on the Company's beliefs and expectations about future events as of the date the statements are made. If the assumptions on which the Company bases its forward-looking statements change, actual results may differ from those expressed in such statements. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including those set out under "Principal Risks" in the Company's annual report for the financial year ended 31 March 2024. The annual report can be found on the Company's website (https://www.foresightgroup.eu/). Forward-looking statements speak only as of the date they are made. Except as required by applicable law and regulation, the Company undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.

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¹As at the date of release, 9 January 2025.

 

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