Burford Capital Limited (BUR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and our Chief Financial Officer Jordan Leach. Earlier this morning, we posted a detailed earnings presentation which we'll refer to during the call and also filed our Form 10-Q, both of which you can find on our investor relations website. But before we get started, just a reminder that today's call may contain forward-looking statements that involve certain risks, uncertainties, and other factors that could cause actual results to differ materially from those discussed during the call. For more information regarding these risk factors, please refer to our earnings materials relating to this call posted on our website and our filings with the SEC. We'll also be referring to certain non-GAAP financial measures during the call. Please refer to today's earnings materials and our filings with the SEC for additional information, including reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. And with that, I will turn the call over to Chris. Thanks very much, Josh, and thanks to everyone for joining us today. You know, it was interesting, just after the quarter closed, Bloomberg ran a piece entitled Litigation Funding Burford's Week of Big Wins. And the piece opened by saying, it's been a good week for Burford Capital. And that was absolutely true for reasons that we'll talk about with you. But in fact, it wasn't just a good week, it's been a really good quarter and a really good six months. And I'm on slide six to take you through a few of the highlights. In terms of new business, we saw a really robust period for new business. The second quarter was significantly higher in terms of new definitive commitments than any period, any quarterly period that we've had for the last couple of years. And that, if you look at this on a ...