Foresight Group (FSG) Trading Update summary

Trading performance and fundraising

• Assets under management (AUM) stood at £12.2bn at 31 Dec 2024, down 2% from £12.4bn at 30 Sept 2024, mainly due to FX movements, including a 5% AUD to GBP depreciation.

• Fundraising in tax-efficient retail strategies reached over £400m year-to-date, on track for a record year.

• Institutional fundraising progressed, highlighted by the launch of the 14th active regional fund in South West England and further closes in Infrastructure and Private Equity divisions.

• Divisional AUM at 31 Dec 2024: Infrastructure £9.9bn, Private Equity £1.7bn, FCM £0.6bn.

• Fund under management (FUM) was £8.5bn at 31 Dec 2024, down 1% from £8.7bn at 30 Sept 2024.

Strategic outlook and guidance

• Fundraising performance supports guidance to double core profitability by FY29.

• Next trading update scheduled for April 2025.

• Foresight continues to focus on energy transition, decarbonisation, and nature recovery investment themes.

Company background and positioning

• Foresight is a FTSE 250 investment manager specializing in real assets and growth capital across the UK, Europe, and Australia.

• Offers a diversified range of listed and private investment solutions for both institutional and retail investors.

• Emphasizes maximising asset value and providing attractive returns through diversified strategies.