Record
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Record (REC) investor relations material

Record H1 2027 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2027 earnings summary6 Nov, 2026

Executive summary

  • H1 FY27 revenue rose 19% to £22.8m; attributable profit increased 49% to £5.6m, and AUM reached a record $130.3bn.

  • Positive net flows across all three pillars and operating margin expansion to 32.3% supported performance in line with FY27 expectations.

Financial highlights

  • Revenue was £22.8m, up 19% YoY; management fees rose 6% to £18.6m and performance fees were £2.2m versus £0.8m.

  • Operating profit was £7.3m versus £4.5m, up 64%; attributable profit was £5.6m versus £3.7m, and basic EPS rose to 2.84p from 1.93p.

  • Cash generated from operations was £5.9m versus £4.6m; cash and cash equivalents closed at £13.4m versus £13.0m at FY26 year-end.

Outlook and guidance

  • Trading and performance support expectations for FY27; revenue excluding performance fees grew faster than costs in H1.

  • New mandates represent £4.0m of annualised revenue, with the full run rate expected on exit into FY28; newly funded FX Alpha mandates are expected to contribute revenue in H2.

  • FY27 ordinary dividends are expected near the midpoint of the new 40–60% payout range, subject to capital needs, balance-sheet strength and regulatory capital.

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Frequently asked questions

Record plc is a UK-based specialist in currency management services, providing tailored solutions to institutional clients such as pension funds, investment managers, and corporations. The company offers currency hedging, return-seeking currency strategies, and currency overlay services designed to manage exchange rate risks and enhance portfolio returns. The company is headquartered in Windsor, England, and its shares are listed on the London Stock Exchange (LSE).