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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.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.
- Record AUM reached $130.3bn, powered by $10.4bn of quarterly net inflows.REC
Q2 2026 TU - AUM increased 6% to $122.0 billion, driven by broad-based net inflows and asset growth.REC
Q1 2027 TU - AUM rose 14% as Private Markets expanded and FY27 revenue growth came into view.REC
H2 2026 - AUM reached US$114.6bn with net inflows, but asset and FX headwinds tempered growth.REC
Q4 2026 TU - Record AUM of $106.0bn and a €1.07bn infrastructure fund launch mark H1 growth.REC
H1 2025 - AUM reached US$106.0bn, with growth led by FX gains and stable fee rates.REC
Q2 2025 TU - AUM reached $102.7bn with strong performance fees and stable fee rates in Q1-2025.REC
Q1 2025 TU - Record AUM and robust margins underpin results as strategic focus narrows despite IT impairment.REC
H2 2024 - Performance fees surged and AUM hit $100.5bn, with revenue set to surpass expectations.REC
Q3 2025 TU
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