8th Oct 2025 10:45
(Alliance News) - Foresight Group Holdings Ltd on Wednesday said demand for its higher margin business relief products has remained elevated, as it maintained its five-year guidance to financial year 2029.
Foresight is an investment manager, offering institutional and retail investors access to private and listed real assets in the UK, Europe and Australia and to small and medium enterprises in the UK and Ireland.
The company said core earnings before interest, tax, depreciation and amortisation before share-based payments for the six months to September 30 is in line with its own expectations and current financial year 2026 estimates, with financial 2026 recurring revenue expected to remain within the target range of 85% to 90%.
Executive Chair Bernard Fairman said: "We continue to see sustained investor appetite for our specialist products. Demand for our higher margin business relief products has remained elevated and, post period end, our private equity division launched its 16th regional institutional fund. Whilst the first phase of Foresight Energy Infrastructure Partners II fundraising was slower than originally anticipated, we are confident that this second vintage will achieve its target fund size of EUR1.25 billion by mid-2027, with a strong investor pipeline now also supported by initial deployment success through the recent acquisition of Harmony Energy Income Trust."
He added: "The group's focus on managing long duration capital, combined with a multi-faceted fundraising pipeline across both institutional and retail vehicles is expected to drive further profitable growth during the remainder of FY26 and enables us to maintain our guidance to double core Ebitda pre-SBP in the five years to FY29."
Foresight will publish half-year results on December 2.
Foresight shares were down 0.3% at 470.84 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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