**Summary of Foresight Group Holdings Limited Half-Year Results (H1 FY26)**
Foresight Group Holdings Limited, a leading investment manager in real assets and growth capital, announced its half-year results for the six months ended 30 September 2025. Key highlights include
1. **Financial Performance**
Assets Under Management (AUM) increased by 4% to £13.7 billion, while Funds Under Management (FUM) rose by 1% to £9.6 billion.
Total revenue grew by 11% to £81.5 million, with recurring revenue maintaining a high quality at 86.6%.
Core EBITDA pre-SBP increased by 6% to £30.6 million, driven by successful fundraising into higher-margin retail vehicles.
Interim dividend per share rose by 9% to 8.1 pence, reflecting the Group’s strong dividend track record.
2. **Operational Highlights**
Raised £223 million into higher-margin retail vehicles, on track for another record year.
Secured €505 million in commitments for Foresight Energy Infrastructure Partners II (FEIP II), with a £210 million investment in UK battery storage.
Foresight Capital Management delivered £56 million in positive investment performance but experienced net outflows of £155 million.
Generated £3.4 million in performance fees from the sale of Zenith Energy in Australia.
3. **Post-Period Developments**
Launched the 16th regional private equity fund with a £90 million first close, strengthening coverage in the UK and Ireland.
Successfully exited Kinetic (partial sale) and Banc Woodland (afforestation project), both at premiums to holding values.
4. **Strategic Outlook**
Sustained investor appetite for specialist retail and institutional products, with £566 million raised into higher-margin retail vehicles over the last 12 months.
Confidence in achieving guidance to double core EBITDA pre-SBP by FY29, supported by diversified strategies and long-duration capital focus.
5. **Investor Engagement**
Analyst and retail investor presentations scheduled for December 2025 to provide further insights into the results and future prospects.
Foresight remains committed to its sustainable investment approach, focusing on energy transition, decarbonization, and growth capital for SMEs, while delivering attractive returns to investors.
Foresight Group Holdings Limited Financials Comparison
| Metric | 30 September 2025 | 30 September 2024 | Change |
|---|---|---|---|
| Total Revenue (£m) | 81.5 | 73.2 | +11% |
| Recurring Revenue (% of Total) | 86.6% | 86.7% | -0.1 pts |
| Core EBITDA pre-SBP (£m) | 30.6 | 29.0 | +6% |
| Core EBITDA pre-SBP margin | 37.6% | 39.6% | -2.0 pts |
| Dividend per Share (pence) | 8.1 | 7.4 | +9% |
Assets Under Management (AUM) and Funds Under Management (FUM)
| Metric | 30 September 2025 | 31 March 2025 | Change |
|---|---|---|---|
| Period-end AUM (£m) | 13,680 | 13,195 | +4% |
| Period-end FUM (£m) | 9,627 | 9,559 | +1% |
Divisional AUM Movement
| Division | H1 FY26 (£ billion) | FY25 (£ billion) | Change % |
|---|---|---|---|
| Real Assets | 10.9 | 10.2 | +6% |
| Private Equity | 1.7 | 1.8 | -1% |
| FCM | 1.1 | 1.2 | -8% |