1st Dec 2025 10:31
(Alliance News) - Impax Asset Management Group PLC suffered an annual reduction in assets under management, after a tough first half, though the company on Monday said outflows are stabilising.
Assets under management at the end of September 30 totalled GBP26.06 billion, down 30% from GBP37.19 billion a year prior. Compared to the March half-year end, assets under management rose 2.9% from GBP25.33 billion.
Net outflows during the recent financial year totalled GBP13.0 billion, worsening from GBP5.8 billion in financial 2024.
London-based Impax invests in companies and assets that stand to benefit from the transition to an environmentally sustainable economy.
"Followers of Impax will be aware of the challenging first two quarters that the business experienced during the period. The acquisition of an additional fixed income business unit, a stabilisation of net outflows and positive market performance in the second half of the year contributed to AUM ending the period at GBP26.1 billion," Chair Simon O'Regan said.
"We believe that despite the challenges of the first half of the year, Impax's long-term investment theme, strategic progress and its financial strength position the business for future growth."
Pretax profit in the year ended September 30 fell 43% to GBP27.8 million from GBP49.0 million. Revenue decreased 17% to GBP141.9 million from GBP170.1 million.
Impax lowered its final dividend to 8.0 pence per share from 22.9p a year earlier. The total dividend decreased to 12.0p from 27.6p.
Looking ahead, the company said: "Impax's long-term success is founded on a simple but powerful insight: the global economy is undergoing a profound transition towards greater sustainability, as consumers demand cleaner, more efficient goods and services, while businesses and governments are for example increasingly focused on building resilience against the physical risks of climate change.
"For around three years equity markets have been driven largely by AI-related and other 'momentum' stocks, while investors are contending with greater uncertainty and weaker confidence among consumers and corporations, influenced by US-led tariffs and ongoing geopolitical tensions. Against this backdrop, our portfolios maintain exposure to a range of companies that are harnessing long-term, durable growth trends such as demographic shifts, technological advancement, and rising consumption."
Shares in the company fell 6.8% to 161.80 pence each in London on Monday morning.
By Eric Cunha, Alliance News news editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Impax Asset Management