Impax Asset Management Group plc has released its interim results for the six months ended March 31, 2025. The company faced a challenging first half of the financial year, with a decline in assets under management (AUM). However, they have seen improving investment performance relative to benchmarks and positive momentum towards their strategic priorities, including the acquisition of SKY Harbor after the period end. Impax maintains tight control of costs and remains financially strong, announcing a £10 million share buyback program.
The companys H1 financial highlights include an AUM of £25.3 billion, revenue of £76.5 million, adjusted operating profit of £20.5 million, and IFRS diluted earnings per share of 9.7 pence. The Boards approach to capital management remains disciplined, and they plan to return up to £10 million of capital to shareholders through a share buyback program.
Ian Simm, Chief Executive, reaffirms Impaxs investment thesis and expresses confidence in the companys future success, despite recent challenges. The company continues to focus on its strategic priorities and maintains a strong financial position with no debt.
The outlook for the company remains positive, with a focus on managing high-quality securities and serving clients through the current fragile market conditions.