Business
Full Year 2024 Results
Full Year 2024 Results.
About this update from Pollen Street Group Limited
[{"type":"text","content":"\n\n25 March 2025\n \nPollen Street Group Limited: Full Year 2024 Results\n \n \nPollen Street Group Limited (\"Pollen Street\") today announces the publication of its Annual Report and Accounts for the year ended 31 December 2024.\n \n2024 has been a pivotal year for Pollen Street with strong financial performance and strategic progress marked by growing Asset Management revenue and profits together with consistent Investment Company returns. Assets under Management (\"AuM\") increased 29%, with healthy growth across both private equity and private credit strategies. Pollen Street has entered 2025 with strong momentum and, with continued focus on its core specialisms, it looks forward to continued growth towards its medium-term target of £10 billion total AuM.\n \n\n\n\n\nAUM (£bn)\n\n\n2024\n\n\n2023\n\n\nYoY Growth (%)\n\n\n\n\nTotal AuM\n\n\n5.4\n\n\n4.2\n\n\n29%\n\n\n\n\nFee Paying AuM\n\n\n4.0\n\n\n3.4\n\n\n17%\n\n\n\n\n \n\n\n\n\nINCOME STATEMENT (£m)\n\n\n2024\n\n\n2023\n\n\nYoY Growth (%)\n\n\n\n\nFund Management Income\n\n\n66.8\n\n\n49.2\n\n\n36%\n\n\n\n\nFund Management Administration Costs\n\n\n(41.1)\n\n\n(34.3)\n\n\n20%\n\n\n\n\nFund Management EBITDA\n\n\n25.7\n\n\n14.9\n\n\n72%\n\n\n\n\nIncome on Net Investment Assets\n\n\n31.8\n\n\n30.2\n\n\n5%\n\n\n\n\nEBITDA\n\n\n57.5\n\n\n45.1\n\n\n27%\n\n\n\n\nProfit After Tax\n\n\n49.6\n\n\n39.9\n\n\n24%\n\n\n\n\nEPS\n\n\n78.8p\n\n\n62.2p\n\n\n\n\n\n\n\nDPS\n\n\n53.6p\n\n\n61.0p\n\n\n\n\n\n\n\n \n \nFinancial Highlights for 2024\n \n· Total AuM increased to £5.4 billion (2023: £4.2 billion), driven by the success of Private Equity Fund V and Private Credit Fund IV\no Private Equity Fund V AuM has surpassed the initial target of €1 billion\no Private Credit Fund IV AuM on track to achieve £1 billion target during 2025\n· Total Fee-Paying AuM increased to £4.0 billion (2023: £3.4 billion)\n· £1.1 billion invested in Private Equity and £0.6 billion in Private Credit in the year\n· Fund Management Income grew 36% to £66.8 million (2023: £49.2 million)\n· Fund management EBITDA increased to £25.7 million (2023: £14.9 million) accounting for 45% of Group EBITDA (2023: 33%) made...