- Record
- 19 June 2026 11:03:02
Source: Sharecast
The specialist asset manager said assets under management increased 14% to $114.6bn in the year ended 31 March, driven by new business wins, favourable foreign exchange movements and market gains.
However, revenue fell 4% to £40.1m as lower performance fees and mandate recompositions offset growth in newer business lines, while profit after tax declined 23% to £7.0m.
Basic earnings per share fell 22% to 3.92p.
Record proposed a final dividend of 1.45p per share, taking the full-year payout to 3.60p, down from 4.65p a year earlier but maintaining its 92% payout ratio.
Looking ahead, the company said FY27 had started with strong momentum, with mandates nearing completion expected to contribute about £4m of revenue, while chief executive Jan Witte highlighted private markets as a key growth area offering the potential for higher-margin, longer-term and more scalable earnings.
At 1040 BST, shares in Record were down 8.69% at 49.49p.
Reporting by Josh White for Sharecast.com.
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