Business
FY results for financial year ended 31 March 2024
FY results for financial year ended 31 March 2024.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n\nLEI: 213800NNT42FFIZB1T09\n27 June 2024\n \nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. FOR IMMEDIATE RELEASE\n\n \n \n \n \n \nFull year results for the financial year ended 31 March 2024\nStrong earnings momentum; guidance to double core EBITDA pre-SBP over the next 5 years\n \nForesight Group Holdings Limited (\"Foresight\", the \"Group\"), a leading investment manager in real assets and providing capital for growth, is pleased to announce its full year results for the financial year ended 31 March 2024 (\"FY24\", \"the period\").\n \nFinancial and Operational Highlights\n \n\n\n\n\n\n\n\n31 March 2024 \n\n\n31 March 2023 \n\n\nChange \n\n\n\n\nYear-end AUM (£m) \n\n\n12,144 \n\n\n12,167 \n\n\n-0.2% \n\n\n\n\nYear-end FUM (£m) \n\n\n8,397\n\n\n9,022\n\n\n-7% \n\n\n\n\nTotal Revenue (£m) \n\n\n141.3 \n\n\n119.2 \n\n\n+19% \n\n\n\n\nRecurring Revenue (% of Total) \n\n\n86.6% \n\n\n86.6% \n\n\n0 pts \n\n\n\n\nCore EBITDA pre-SBP (£m) \n\n\n59.3\n\n\n50.2\n\n\n+18% \n\n\n\n\nDividend per Share (pence) \n\n\n22.2p \n\n\n20.1p \n\n\n+10% \n\n\n\n\nCore EBITDA pre-SBP margin (%) \n\n\n42.0% \n\n\n42.1% \n\n\n-0.1 pts \n\n\n\n\n \nProfitability\nCore EBITDA pre-Share Based Payments (\"SBP\") increased 18% in the year to £59.3 million (FY23: £50.2 million):\n· Driven by successful prior year and FY24 fundraising into higher margin and long tenure investment vehicles, the annualisation of FY23 acquisition activity and effective cost management\n \nCore EBITDA pre-SBP margin was broadly flat at 42.0% (FY23: 42.1%):\n· 43% achieved in the second half of the year, in line with medium term target set at IPO\n \nAUM/FUM\nIn the period, Assets under Management (\"AUM\") and Funds under Management (\"FUM\") decreased modestly against the backdrop of challenging market co...