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.

Target	Promise	Said	Status
2024
FY24	Record annual retail fundraising into higher margin vehicles	9 Jan 2024	✓ Kept
	“On course to deliver record annual retail fundraising into higher margin vehicles” Result FY24 retail inflows were £436m, then £587m in FY25 and £630m in FY26. “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 “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
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 The cards mention a £210m HEIT investment but no hydrogen strategy launch is confirmed. 8 Oct 2025 · FGHL H1 FY26 Trading Update
FY25	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 of £62.2m was up from £59.3m and 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 · 11 Oct 2026
2026
FY26	Record 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 FY25 reached £587m and FY26 a record £630m. “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 of £68.6m was within the £65.2m-£70.2m range guided in April. “Core EBITDA pre-SBP (£m) \| 68.6 \| 62.2 \| +10%”29 Jun 2026 · FY results for the financial year ended 31/3/2026
2027
Feb 2027	Publish update on engagement with shareholders who dissented 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	FEIP II to reach its €1.25bn target fund size 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	H1 FY27 core EBITDA pre-SBP to grow year on year	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, with £40.4m left for FY27-FY28	11 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 core EBITDA pre-SBP over five years to FY29	27 Jun 2024	… In progress
	“maintain our guidance to double core EBITDA pre-SBP in the five years to FY29” Also stated 10 Oct 2024 · 8 Oct 2025 Status so far Not yet due.