Investment manager Foresight Group Holdings Ltd. (FSG.L), on Thursday, reported H1 total revenue of £73.2 million, up 8% from the previous year's £67.8 million.
Recurring revenue declined 0.6pts to 86.7% from 87.3% reported in the prior year period.
Core EBITDA pre-Share Based Payments or SBP increased by 5% to £29 million, driven by successful prior year and year-to-date fundraising into higher margin and longer tenure vehicles.
Assets under Management and Funds under Management increased to £12.4 billion and £8.7 billion respectively, versus the prior year's £12.1 billion and £8.4 billion, respectively.
Bernard Fairman, Executive Chairman of Foresight Group Holdings, said, "During H1 FY25 the Group delivered another period of organic profit growth, driven by positive momentum across our diversified business…"
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