Foresight Group Expands Assets and Retail Inflows as Core Earnings Meet Expectations

Foresight Group (LSE:FSG) reported an increase in assets under management to £14.0 billion and funds under management to £10.0 billion for the year ended 31 March 2026. Growth was supported by record retail fundraising of £630 million and continued development of the firm’s regional private equity platform. Both the real assets and private equity divisions expanded during the period, although Foresight Capital Management experienced net outflows. In Australia, strong asset realisations contributed performance fees but also reduced overall AUM.

The company expects core EBITDA before share-based payments to align with market forecasts, supported by a high proportion of recurring revenue and long-term capital commitments that provide earnings stability. Foresight continues to advance its flagship energy infrastructure fund, FEIP II, toward its €1.25 billion fundraising target. At the same time, it is implementing a three-year £50 million share buyback programme. Around £9.6 million was repurchased in FY26, with the remaining amount scheduled for FY27 and FY28 as part of active capital management in response to what management considers an undervalued share price.

Overall financial performance remains solid, supported by strong operating metrics and shareholder-focused actions such as buybacks and director share purchases. However, technical indicators currently suggest bearish momentum in the share price, which tempers the otherwise constructive outlook.

More about Foresight Group Holdings Ltd.

Foresight Group Holdings Limited is a FTSE 250-listed investment manager specializing in real assets and growth capital. Founded in 1984, the firm operates across the UK, Europe, and Australia, offering institutional and retail investors access to private and listed funds focused on energy transition, decarbonisation, nature recovery, and financing for small and medium-sized enterprises.

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