Source: Sharecast
Revenue rose 9% to £154m, while core EBITDA before share-based payments increased 5% to £62.2m.
Adjusted basic earnings per share rose 6% to 40.8p.
The FTSE 250 group declared a final dividend of 16.8p, bringing the total dividend for the year to 24.2p, up 9% on the prior year.
Foresight said it intended to continue returning substantially all free cash flow to shareholders, including through an ongoing £50m share buyback programme.
Assets under management grew 9% to £13.2bn, while funds under management increased 14% to £9.6bn, reflecting strong retail fundraising and progress in institutional strategies.
Retail fundraising hit a record £587m, up 35% year-on-year, driven by demand for tax-efficient vehicles that invest in UK SMEs.
The group also launched two new regional private equity funds and continued to grow Foresight Energy Infrastructure Partners II, which was progressing towards its €1.25bn target.
Foresight’s capital management arm recorded £457m of AuM growth, though listed funds saw net outflows of £246m amid ongoing market headwinds.
Post year-end, the group’s AuM rose to around £13.4bn, supported by strong retail inflows.
Foresight also completed the £210m joint acquisition of Harmony Energy Income Trust, marking the first investment for FEIP II.
In Australia, Foresight sold its stake in Zenith Energy at a valuation “materially above” prior carrying values, following significant growth in the business under its ownership.
Gary Fraser, who had spent over 20 years with Foresight, was promoted to CEO with immediate effect, while founder Bernard Fairman remained executive chairman.
Fairman said, “The strong financial performance and strategic progress made in 2025 have enabled the group to extend its track record of profitable growth.”
“Global decarbonisation, increasing electricity consumption, national efforts to increase energy security and the enduring funding gap for SMEs are long-term structural trends which make Foresight’s expertise more relevant than ever,” he added.
Fairman also expressed confidence in the group’s outlook, stating, “Our strong pipeline and continued fundraising across our diversified channels will add scale and enable us to maintain our guidance to double core EBITDA pre-SBP in the five years to 2029.”
At 1310 BST, shares in Foresight Group were flat at 422p.
Reporting by Josh White for Sharecast.com.