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RECORD PLC FOURTH QUARTER TRADING UPDATE (Q4 FY26)
Record plc reported its fourth quarter trading update for the period ending March 31, 2026, highlighting a third consecutive quarter of net inflows, with Assets Under Management (AUM) reaching US$114.6 billion at year-end, despite market movements and FX headwinds. Performance fees for the quarter were £0.4 million, contributing £2.8 million for the full year, a decrease from the previous year's £3.2 million. Average fee rates remained stable, and the company maintained its full-year earnings expectations despite global economic volatility. Disclaimer*
About this update from Record Plc
24 April 2026 RECORD PLC FOURTH QUARTER TRADING UPDATE Record plc, the specialist currency and asset manager, is pleased to announce its trading update for the three months ended 31 March 2026 ("Q4 FY26"). Highlights · A third successive quarter of net inflows, with AUM of US$114.6bn at year end reflecting positive client flows offset by asset market movements and FX headwinds. · Performance fees of £0.4m crystallised in Q4 FY26 (Q4 FY25: £0.3m), bringing performance fees for the full year to £2.8m (FY25: £3.2m). · Average fee rates in the quarter remained broadly unchanged from the previous quarter. · Earnings expectations for the full year remain unchanged, despite changing market conditions in the face of global macroeconomic and political volatility. AUM composition AUM at 31 March 2026 totalled US$114.6bn (31 December 2025: US$115.9bn). The composition of and changes to AUM by product were as follows: Net flows Asset movement FX movement and scaling US$ billion (bn) 31 December 2025 31 March 2026 Passive Hedging 76.0 1.1 (0.2) (1.1) 75.8 Dynamic Hedging 17.6 0.1 (0.7) - 17.0 Solutions for Asset Managers 17.4 0.3 (0.5) (0.2) 17.0 Risk Management 111.0 1.5 (1.4) (1.3) 109.8 FX Alpha 2.7 (0.1) - - 2.6 Custom Opportunities 0.8 - - - 0.8 Other 0.3 - - - 0.3 Absolute Return 3.8 (0.1) 0.0 0.0 3.7 EM Local Debt 1.0 - - - 1.0 Infrastructure 0.1 - - - 0.1 Private Markets 1.1 0.0 0.0 0.0 1.1 Total 115.9 1.4 (1.4) (1.3) 114.6 Record plc will announce its results for the 12 months ended 31 March 2026 on 19 June 2026. LEI Number: 5493000VJ55ZTYGX4322 -Ends- For further information, please contact: Record plc Dr. Jan Witte, Chief Executive Officer Samantha Dunn, Interim Chief Financial Officer Tel: +44 (0)20 3892 1300 [email protected] Panmure Liberum Atholl Tweedie | David Watkins Tel: +44 (0)20 7886 2500