Polar Capital (LSE:POLR) reported a 6% increase in assets under management to £28.4 billion as at 31 December 2025. The growth was driven largely by £1.7 billion of positive market movements and fund performance, alongside £149 million of net inflows, partly offset by fund closures and capital returned through investment trust corporate actions.
Net performance fee profits rose sharply to £16 million in the first nine months of the financial year, prompting the board to approve a £15 million share buyback programme. Management also highlighted that around two-thirds of the firm’s strategies outperformed their respective benchmarks during the year, a notable achievement in a period when many active managers struggled. The company said this performance strengthens its competitive positioning and supports confidence in converting an improving client pipeline into more sustained inflows, despite ongoing headwinds for active equity management.
From an investment perspective, Polar Capital’s outlook is supported by strong financial delivery, an attractive valuation profile and disciplined cash flow management, underpinned by low balance sheet leverage. Recent corporate actions, including record asset growth and capital return initiatives, further enhance the Group’s market standing. Technical indicators suggest a broadly neutral share price trend, with no clear near-term directional signal.
More about Polar Capital Holdings
Polar Capital Holdings is a specialist active asset management group focused on equities. The firm manages a range of open-ended funds, investment trusts and segregated mandates across thematic and sector-based strategies, including technology, healthcare, biotechnology and convertible bonds. Polar Capital serves institutional and retail investors seeking high-conviction, benchmark-aware products and has established a strong reputation within specialist, performance-led investment mandates.
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