Record plc (LSE:REC) has reported a record assets under management total of US$115.9 billion for the quarter ended 31 December 2025, supported by positive net inflows and underlying market-driven asset growth. Momentum was particularly strong within the group’s core Passive Hedging strategies, alongside a second successive quarter of net inflows into its FX Alpha offering.
During the quarter, performance fees increased to £1.6 million, lifting year-to-date performance fees to £2.4 million. Average fee rates were broadly unchanged, reflecting continued pricing stability across the platform. Management confirmed that earnings expectations for the current financial year remain unchanged, highlighting ongoing operational momentum and a stable profitability outlook.
From an outlook perspective, Record plc continues to benefit from a strong valuation profile and solid financial foundations, despite technical indicators pointing to a near-term bearish trend in the share price. The company’s elevated dividend yield and recent strategic and corporate developments provide additional support for its longer-term investment case.
More about Record plc
Record plc is a specialist currency and asset management firm providing risk management solutions, passive and dynamic currency hedging, FX alpha strategies and bespoke investment solutions. The company primarily serves institutional clients and has diversified its offering into areas such as emerging market local currency debt and infrastructure-related private market strategies.
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