Record
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Record (REC) investor relations material

Record H2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2026 earnings summary19 Jun, 2026

Executive summary

  • Specialist asset manager with $114.6bn AUM, focusing on institutional clients and complex solutions.

  • 40+ year track record, leading in derivatives, FX, and structured solutions.

  • FY26 marked by disciplined cost management and strategic growth in Private Markets.

Financial highlights

  • Revenue declined 4% year-over-year to £40.1m, mainly due to lower management and performance fees.

  • Operating costs reduced by 2% to £30.4m, supporting margins.

  • AUM increased 14% to $114.6bn.

  • EPS fell 22% to 3.92p; ordinary dividend per share at 3.60p, payout ratio 92%.

  • Profit after tax dropped 23% to £7.0m, reflecting a normalized tax rate.

Outlook and guidance

  • FY27 started with strong momentum and new mandates expected to add £4m to revenue.

  • Focus remains on Risk Management, Absolute Return, and Private Markets, targeting balanced revenue split.

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