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
|
|
+44 (0) 7966 966956 / +44 (0) 7443
821577
ir@foresightgroup.eu
|
+44 (0) 782 725 4561 / +44 (0) 781
710 5562
Foresight@h-advisors.global
|
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.
Follow us on LinkedIn for key
updates.
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.