Bridgepoint Group plc has released its interim results for the first half of 2024, reporting strong financial performance ahead of expectations. The companys assets under management (AUM) totaled €42.7 billion as of June 30, 2024, with a pro forma AUM of €67.3 billion when combined with ECP. The companys underlying management fee income increased by 25% to £156.0 million, while its Fee Related Earnings (FRE) rose by 44% to £61.8 million. The company also reported a 92% increase in Performance Related Earnings (PRE) to £24.4 million. Bridgepoint Group plcs reported profit before tax for the first half of 2024 was £48.8 million, and the company expects to receive regulatory clearance and complete the ECP transaction in Q3 2024.
| Year | Total AUM (€bn) | Fee Paying AUM (€bn) | Management Fee Margin on Fee Paying AUM (%) | Underlying Management Fees (£m) | PRE (£m) | Underlying Total Operating Income (£m) | Total Expenses (£m) | EBITDA (£m) | FRE (£m) | FRE Margin (%) | PRE as % of Total Income (%) | Underlying Profit Before Tax (£m) | Profit Before Tax (£m) | Profit After Tax (£m) | Basic and Diluted EPS (pence) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 67.3 | 36.8 | 1.11% | 211.2 | 56.9 | 268.7 | 130.5 | 116.6 | 88.1 | 41.6% | 21.2% | 129.8 | 99.9 | 84.0 | 8.1 |
| 2023 | 39.5 | 24.6 | 1.16% | 124.6 | 12.7 | 137.8 | 83.5 | 54.3 | 42.9 | 34.3% | 9.2% | 50.0 | 53.1 | 48.2 | 5.9 |