Foresight Group Holdings Limited

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

Foresight manages money for institutions and retail investors, mainly in infrastructure, private equity and regional funds. It earns mostly recurring fees on assets and funds under management.

Target	Promise	Said	Status
2024
FY24	Deliver record annual retail fundraising in FY24	9 Jan 2024	✓ Kept
	“On course to deliver record annual retail fundraising into higher margin vehicles” Result FY24 retail inflows of £436m were followed by a £587m record in FY25. “Record annual retail fundraising into higher margin evergreen vehicles, with FY24 inflows of £436 million”11 Apr 2024 · Trading update for financial year ended 31/03/24
2025
H1 FY25	Launch a first hydrogen strategy by H1 FY25	30 Nov 2023	◐ Partly kept
	“the launch of a first hydrogen strategy for the Group” Status so far HEIT investment of £210m was mentioned in October 2025, but no hydrogen strategy launch was confirmed. 8 Oct 2025 · FGHL H1 FY26 Trading Update
FY25	Achieve profitable growth in FY25 in line with market expectations	11 Apr 2024	✓ Kept
	“well placed to achieve profitable growth in FY25 in line with current market expectations” Result FY25 core EBITDA was £62.2m, up from £59.3m, in line with expectations. “Core EBITDA pre-SBP grew by 5%, with strong FY25 fundraising driving a 9% increase in revenue.”26 Jun 2025 · Final Results “Core EBITDA pre-SBP (£m) \| 62.2 \| 59.3 \| +5%”26 Jun 2025 · Final Results
H1 2025	WHEB acquisition immediately accretive to core EBITDA pre SBP	28 Jan 2025	… In progress
	“The Acquisition is anticipated to be immediately accretive to core EBITDA pre SBP.” Status so far Not yet due.
Today · 10 Oct 2026
2026
FY26	Record annual retail fundraising in FY25 and FY26	28 Nov 2024	✓ Kept
	“£223 million raised into higher margin retail vehicles which are on track for another record year” Also stated 2 Dec 2025 Result Retail fundraising was £587m in FY25 and £630m in FY26, both records. “Record fundraising of £587 million in higher margin retail vehicles, up 35% (FY24: £436 million)”10 Apr 2025 · Trading update for financial year ended 31/03/25 “Record annual fundraising of £630 million was achieved in higher margin retail vehicles, a 7% year-on-year increase (FY25: £587 million)”9 Apr 2026 · FY26 Trading Update
FY26	Meet FY26 core EBITDA pre-SBP consensus estimates	11 Jun 2026	✓ Kept
	“the Group is anticipated to meet its FY26 core EBITDA pre-SBP consensus estimates” Result FY26 core EBITDA was £68.6m, within the £65.2-70.2m expected range. “Core EBITDA pre-SBP (£m) \| 68.6 \| 62.2 \| +10%”29 Jun 2026 · FY results for the financial year ended 31/3/2026 “Core EBITDA pre-SBP grew by 10%, driven by an increase in recurring revenue and higher year-on-year performance fees following larger institutional fund exits in Australia.”29 Jun 2026 · FY results for the financial year ended 31/3/2026
2027
Feb 2027	Publish update on engagement with dissenting shareholders on Resolution 6	3 Aug 2026	… In progress
	“An update will be published on that engagement within six months.” Status so far Not yet due.
mid-2027	Raise FEIP II to €1.25bn total by mid-2027	5 Jun 2024	… In progress
	“we are confident that this second vintage will achieve its target fund size of €1.25 billion by mid-2027” Also stated 28 Nov 2024 · 10 Apr 2025 · 8 Oct 2025 Status so far Not yet due.
H1 FY27	Deliver year-on-year growth in H1 FY27 core EBITDA pre-SBP	8 Oct 2026	… In progress
	“H1 FY27 core EBITDA pre-SBP anticipated to deliver year-on-year growth” Status so far Not yet due.
2028
FY28	Buy back up to £50m of shares over three years, remaining £40.4m in FY27-28	10 Apr 2025	… In progress
	“The remaining £40.4 million of the current share buyback programme is expected to be utilised over FY27 and FY28” Also stated 9 Apr 2026 · 29 Jun 2026 Status so far Not yet due.
2029
FY29	Double FY24 core EBITDA pre-SBP over five years to FY29	27 Jun 2024	… In progress
	“the Group remains committed to doubling FY24 core EBITDA pre-SBP” Also stated 10 Oct 2024 · 28 Nov 2024 · 9 Jan 2025 · 28 Jan 2025 · 10 Apr 2025 · 26 Jun 2025 · 8 Oct 2025 · 2 Dec 2025 · 9 Apr 2026 Status so far Not yet due.