Record plcLSE: REC

Record: Second Quarter Trading Update

· Issued by Record plc via RNS

Summary by 6ix AI

Record plc, a specialist asset manager, said assets under management (client money it manages) totalled $130.3 billion at September 30, 2026, up from $122.0 billion at June 30, 2026, an increase of 7% over the three months ended September 30, 2026.

Key details

  • Net inflows were $10.4 billion in the quarter: $9.8 billion into Absolute Return and $0.9 billion into Private Markets, with net outflows of $0.3 billion from Risk Management. Record says the inflows came mainly from new mandates in Absolute Return and Private Markets and mark a fifth consecutive quarter of positive net flows.
  • Foreign exchange movements reduced assets under management by $2.0 billion and asset movements by $0.1 billion in the quarter.
  • At September 30, 2026, Risk Management held $95.9 billion, Absolute Return $14.6 billion and Private Markets $19.8 billion.
  • Record locked in performance fees of £2.2 million in the first half of its 2027 financial year, compared with £0.8 million in the first half of its 2026 financial year.
  • Within Private Markets, Record also held undeployed commitments of $1.1 billion (June 30, 2026: $1.2 billion) and assets under advisory of $0.4 billion (June 30, 2026: $0.4 billion), meaning client assets on which it earns recurring fees but is not the appointed investment manager.

What’s still pending

  • Record says performance across the group remains in line with expectations for the full year.
  • Interim results for the six months ended September 30, 2026 are to be announced on November 6, 2026.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/second-quarter-trading-update-10

Watch Record's latest callRecord (LSE:REC) — Final Results · Replay · Jun 23Read the transcript of Record (LSE:REC) — Final Results

22 October 2026

RECORD PLC

SECOND QUARTER TRADING UPDATE

Record plc ("Record", the "Company" or the "Group"), the specialist asset manager, is pleased to announce its trading update for the three months ended 30 September 2026.

AUM composition

Assets under management ("AUM") at 30 September 2026 totalled $130.3 billion (30 June 2026: $122.0 billion), an increase of 7% in the quarter. The composition of and changes to AUM by product pillar were as follows:

Risk Management

Absolute Return

Private Markets

Total

$bn

$bn

$bn

$bn

30 June 2026

98.7

4.4

18.9

122.0

Net flows

(0.3)

9.8

0.9

10.4

Asset movement

(0.1)

-

-

(0.1)

FX movement

(2.4)

0.4

-

(2.0)

30 September 2026

95.9

14.6

19.8

130.3

At the end of the quarter, the Group also held undeployed commitments of $1.1 billion (30 June 2026: $1.2 billion) and assets under advisory1 of $0.4 billion (30 June 2026: $0.4 billion) within Private Markets.

Jan Witte, CEO of Record plc commented:

"I am pleased to report another quarter of strong growth for Record, with AUM reaching a new high of $130.3 billion. The $10.4 billion net inflows were driven mainly by new mandates within Absolute Return and Private Markets. This marks a fifth consecutive quarter of positive net flows for the Group. This was partially offset by underlying asset movements and impacts from foreign exchange movements.

Alongside this growth in AUM, we crystallised performance fees of £2.2 million in H1 FY27 (H1 FY26: £0.8 million). Performance across the Group remains in line with expectations for the full year.

We will give further details on Group performance in our interim results for the six months ended 30 September 2026, which will be announced on 6 November 2026."

1. Assets under advisory represent client assets for which the Group earns recurring fees but is not the appointed investment manager.

LEI Number: 5493000VJ55ZTYGX4322

-Ends-

 For further information, please contact:

Record plc

Jan Witte, Chief Executive Officer

Albert Soleiman, Chief Financial Officer

Tel: +44 (0)20 3892 1300

investorrelations@recordfg.com

Panmure Liberum

David Watkins | Atholl Tweedie

Tel: +44 (0)20 7886 2500

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