Q1 AUM update
Impax Asset Management Group plc reported total assets under management (AUM) of £24.2 billion as of December 31, 2025, representing a decrease from £26.1 billion at the end of the previous quarter, primarily due to net outflows of £1.6 billion, which the company notes have stabilized following a challenging period. While net outflows were driven by a few institutional clients, the wholesale channel showed improvement, and the company anticipates onboarding a new fixed income client in the second quarter, marking a significant credit account win following recent acquisitions aimed at diversifying its product range beyond listed equities.
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Impax, the AIM listed specialist investor focused on the transition to a more sustainable economy, today provides an update on the development of its assets under discretionary and advisory management ("AUM") for the first quarter of its financial year.
On 31 December 2025, the Company's AUM totalled £24.2 billion.
Ian Simm, Chief Executive, commented:
"Net outflows during the quarter were driven by a small number of institutional clients, while net outflows in our wholesale channel continued to improve. Overall, net outflows have stabilised in recent quarters following a more challenging period around 12 months ago.
"While conditions remain challenging, we continue to see investor appetite for our investment approach and, for example, expect to onboard a new client in the second quarter within our fixed income business. This marks our first significant credit account win following the successful integration of the two teams that we have recently acquired as part of our aim to diversify our product range beyond our traditional strength in actively managed listed equities."
Movements in the Company's AUM for the quarter ended 31 December 2025
| Listed equities | Fixed income | Private markets | Total firm | |
|---|---|---|---|---|
| £m | £m | £m | £m | |
| Total AUM at 30 September 2025 | 22,993 | 2,429 | 634 | 26,055 |
| Net flows | (1,566) | (63) | 0 | (1,629) |
| Market movement, FX and performance | (204) | 19 | (1) | (186) |
| Total AUM at 31 December 2025 | 21,222 | 2,385 | 633 | 24,240 |
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