- Bridgepoint Group (Reg S)
- 07 October 2026 09:56:02
Source: Sharecast
The alternative asset manager said it now expects performance-related earnings (PRE) to be around 37% to 39% of total income for the year to December 2026, up from previous guidance of 20% to 25%.
Medium term PRE is expected to be sustained at between 25% and 30% of total income, and EBITDA margin guidance for 2027 was increased from between 55% and 60% to around 60%.
Bridgepoint pointed to an exceptional performance from ECP V, where the money multiple for the fund as a whole was over three times at the end of June 2026. As at 30 September 2026, this is expected to increase to over four times including a material increase in the valuation of ProEnergy.
The company also said it was rebasing its FY26 dividend policy from around 10p per share to 15p and putting in place a new shareholder distribution framework that will target the distribution of 40% to 60% of cash from profits starting from FY 2027.
The framework consists of two elements: an annual ordinary dividend per share of 40% to 45% of earnings per share to be paid quarterly, and additional distributions through ordinary or special dividends or share buybacks to meet the target for total capital returns of 40% to 60% of cash from profits over the five years to 2030.
Chief executive Raoul Hughes said: "I'm delighted to announce a material upgrade in our expectations for 2026 EBITDA. That outcome, when combined with the strong performance of our entire product suite, means that this level of performance isn't a one off and will continue such that we are also able to sustain upgraded guidance for EBITDA into the medium-term.
"Those changes, along with the further diversification of the platform post the announcement of Kayne Bridgepoint joining the group, means we are able to introduce a new capital distribution policy, with significantly increased shareholder distributions while maintaining the necessary firepower to invest in the business on the back of the expected increase in cash received from performance related earnings from £500 million in the last five years to £2.4 billion in the next five years."
At 0950 BST, the shares were up 6.7% at 370.00p.
See latest RNS on Sharecast