24 October 2025
RECORD PLC
SECOND QUARTER TRADING UPDATE
Record plc ("Record", the "Company" or the "Group"), the specialist currency and asset manager, is pleased to announce its trading update for the three months ended 30 September 2025 ("Q2 FY26").
Jan Witte, CEO of Record plc commented:
"AUM ended the quarter at the highest level we have ever reported following positive underlying asset growth. Inflows into Solutions for Asset Managers ("SAM"), previously known as Hedging for Asset Managers, were once again strong, and were also positive in FX Alpha following successive periods of outflows. We also made our first deployment of €100m of capital from our Infrastructure Equity fund. Performance fees were £0.5m in the quarter, bringing the total for the first half to £0.8m.
We will provide a further update with our interim results announcement to be released next month."
Highlights
· AUM increased to a new high of US$110.3 billion driven by growth in underlying assets, partially offset by outflows as clients rebalanced their exposures in response. Overall net flows were marginally positive.
· Completed first deployment of €100m of capital from our Infrastructure Equity fund.
· Performance fees of £0.5m for Q2 FY26 (Q2 FY25: nil).
· Average fee rates in the quarter remained broadly unchanged from the previous quarter.
AUM composition
AUM at 30 September 2025 totalled US$110.3 billion (30 June 2025: US$107.9 billion). The composition of and changes to AUM by product were as follows:
|
| 30 | Net Flow | Asset movement | FX Movement and Scaling | 30 |
| US$ billion | June | September | |||
|
| 2025 | 2025 | |||
| Passive Hedging | 71.2 | (1.4) | 2.2 | 0.0 | 72.0 |
| Dynamic Hedging | 17.3 | (0.1) | 0.0 | 0.0 | 17.2 |
| Solutions for Asset Managers | 16.2 | 1.1 | 0.0 | (0.1) | 17.2 |
| Risk Management | 104.7 | (0.4) | 2.2 | (0.1) | 106.4 |
| FX Alpha | 1.3 | 0.3 | 0.0 | 0.1 | 1.7 |
| Custom Opportunities | 0.7 | 0.0 | 0.1 | 0.0 | 0.8 |
| Other | 0.2 | 0.1 | 0.0 | 0.0 | 0.3 |
| Absolute Return | 2.2 | 0.4 | 0.1 | 0.1 | 2.8 |
| EM Local Debt | 1.0 | 0.0 | 0.0 | 0.0 | 1.0 |
| Infrastructure | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 |
| Private Markets | 1.0 | 0.1 | 0.0 | 0.0 | 1.1 |
| Total | 107.9 | 0.1 | 2.3 | 0.0 | 110.3 |
LEI Number: 5493000VJ55ZTYGX4322
-Ends -
For further information, please contact:
| Record plc Dr. Jan Witte, Chief Executive Officer Richard Heading, Chief Financial Officer
| investorrelations@recordfg.com |
| Panmure Liberum Atholl Tweedie | David Watkins | Tel: +44 (0) 20 7886 2500
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.