Foresight Group Holdings Limited

FSG · Main Market · Financial Services · mcap £498m · 444.5p

Foresight manages money for institutions and retail investors, mainly in infrastructure and private equity, with a focus on energy transition and regional UK businesses. It earns mostly recurring fees on assets it manages, plus performance fees.

Recent signals

Mixed 8 Oct 2026

Guidance reframed as doubling FY24 core EBITDA, with lower-key wording

Outlook language shifted from 'on track' to 'committed to doubling FY24' and 'year-on-year growth'. 8 Oct 2026 9 Apr 2026

Positive 7 Oct 2026

Ongoing £50m buyback with £40.4m remaining; treasury shares cancelled

Company plans to use the remaining buyback over FY27 and FY28 and cancelled 4m treasury shares. 7 Oct 2026 9 Apr 2026

Mixed 7 Sep 2026

Disposal of FCM public markets division, 7% of AUM

Refocus on private markets; AUM fell from £13.7bn to £13.0bn. 7 Sep 2026 11 Jun 2026

Positive 11 Aug 2026

Non-executive directors Gavey and Le Poidevin bought shares after results and AGM

Board-level purchases in Dec 2025 and Aug 2026, while some PDMRs sold shares during 2025. 11 Aug 2026 4 Dec 2025

Positive 19 Dec 2025

FIL Limited disclosed a 5.06% holding, up from below 3%

A large institutional investor built a notable stake in December 2025. 19 Dec 2025

Capital actions

2026-09-07 disposal – Completed sale of public markets division FCM (£1.0bn AUM) to Guinness Global Investors 11 Jun 2026
2025-12-01 acquisition · AU$19.6m – Infrastructure Capital earn-out settled 50% in treasury shares, 50% cash 1 Dec 2025
2025-04-11 buyback programme · £50m – New buyback up to £50m over three years, Berenberg as broker 11 Apr 2025
2025-02-28 buyback programme · £17m – Buyback raised in steps from £5m to £17m maximum; completed 2 April 2025 27 Jun 2024
2025-01-28 acquisition – Acquires WHEB Asset Management: 50% upfront, 50% deferred plus performance entitlement; adds over £800m AUM 28 Jan 2025
2023-10-27 buyback programme · £5m – Deutsche Numis appointed to run share buyback of up to £5m 27 Oct 2023

Risks & opportunities

Opportunities

Institutional real asset fundraising as catalyst for future margin expansion since 2025-12 2 Dec 2025
Record retail fundraising into higher margin tax-efficient vehicles since 2024-01 9 Apr 2026

Risks

FEIP II fundraising may take until mid-2027 to reach €1.25bn target since 2024-06 8 Oct 2026
Shareholder dissent on Resolution 6 at the 2026 AGM since 2026-08 3 Aug 2026
AUM and FUM sensitive to currency and market conditions since 2023-10 · no longer mentioned 10 Oct 2023

As the company itself describes them.

Coming up

17 Sep 2026 Ex-dividend date for final dividend
2 Oct 2026 Final dividend payment of 19p
26 Nov 2026 Interim results announcement
Feb 2027 Update on engagement with shareholders on Resolution 6 dissent
mid-2027 FEIP II target fund size €1.25bn
FY29 Target to double core EBITDA pre-SBP

From the company's own announcements · not investment advice

Company filings. Not investment advice.