Business
Trading update and notice of results
Trading update and notice of results.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n\n\n\n\n\nRNS\n\n\n16 April 2025\n\n\n\n\n \nMercia Asset Management PLC\n \n(\"Mercia\", the \"Company\" or the \"Group\")\n \nYear end trading summary, notice of full year results and directorate change\n \nMercia Asset Management PLC (AIM: MERC), the regionally focused, specialist alternative asset manager with over £1.8billion of assets under management, is pleased to provide a trading summary for the financial year ended 31 March 2025 (\"FY25\").\n \nThe benefits of Mercia's increasing scale are now beginning to feed their way into the Group's overall financial performance. Together with a continuing focus on efficiency, Mercia now expects its EBITDA for FY25 to be materially ahead of current market expectations.\n \nIn the last three months existing fund mandate increases, new fund management contracts awarded and successful VCT and EIS fund raises, have totalled c.£250million, which represents a very strong performance. There were no redemptions during FY25.\n \nMercia's direct investment portfolio continues to make good overall technical and commercial progress, despite a continuing challenging market backdrop for venture investing, reflecting the strong fundamentals of the portfolio.\n \nMercia's closing cash and cash equivalents position as at 31 March 2025 was c.£40million, and the Group remains debt free.\n \nNotice of full year results\nMercia will announce its full year results for FY25 on Tuesday 1 July 2025.\n \nAn analyst webcast will be given at 9.30am on the day of results. Analysts wishing to register are asked to contact [email protected]\n \nIn addition, as part of its continuing commitment to open communication with all shareholders, Mercia is pleased to announce that it will also provide a live presentation and Q&A via the Investor Meet Company platform, at 3.00pm on the same day. Registration details will be provided nearer the announcement date.\n \nDirectorate change\nAfter seven years as Chief Investment Officer, Julian Viggars has today stepped down from Mercia's Board, to enable him to concentrate all of his time on the Group's equity portfolios' investment performance. \n \nDr Mark Payton, CEO of Mercia Asset Management PLC, commented: \"We are pleased to update that Mercia has had an excellent finish to the financia...