Liontrust Asset Management

LIO · Main Market · Financial Services · mcap £182m · 301.5p

Beta Briefing, track record and bull & bear case are not ready for Liontrust Asset Management yet.

We follow 817 UK small caps and every one of their announcements – often hundreds per company. 34 companies are already wired into a briefing: browse them.

Financials · LTM to 31 Mar 26

Source: results 24 Jun 26 ↗

Revenue: £134m
Operating profit: £13.5m
Net income: £9.6m
Free cash flow: £13.5m
Net cash: £50.6m
Market cap: £190m
EV / EBIT: 10.3×
FCF yield: +7.1%
Price / book: 1.8×

Latest half-year · H1 Sep 25 vs H1 Sep 24 results 20 Nov 25 ↗

Revenue: £69.1m
Operating profit: £6.6m
Net income: £4.7m
Cash from operations: £206k

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: FY Mar 26 (twelve months to 31 Mar 26), published 24 Jun 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	FY Mar 26	FY Mar 25
Revenue	134.4	169.8
Gross profit	123.0	157.7
Operating profit	13.5	20.2
Depreciation (owned assets)	0.8	1.6
Amortisation	9.1	9.6
Share-based payments	1.9	1.9
Fair value gains / losses	0.2	0.1
Finance costs	(0.2)	(0.1)
Profit before tax	14.4	22.3
Tax	(4.8)	(5.6)
Net income (owners)	9.6	16.7
EPS basic	15.4p	26.2p
EPS diluted	15.4p	26.2p

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue	65.2	69.1	82.8	87.0
Gross profit	59.7	63.3	76.6	81.1
Operating profit	6.9	6.6	8.8	11.4
Amortisation	4.6	4.6	5.0	4.6
Share-based payments	0.9	1.0	0.8	1.1
Finance costs	(0.1)	(0.0)	(0.0)	(0.0)
Profit before tax	7.1	7.3	9.8	12.5
Tax	(2.2)	(2.6)	(1.8)	(3.8)
Net income (owners)	4.9	4.7	8.0	8.7
EPS basic	7.9p	7.5p	12.5p	13.7p
EPS diluted	7.9p	7.5p	12.5p	13.7p

	FY Mar 26	FY Mar 25
Cash from operations	14.6	20.6
Interest paid	–	2.2
Tax paid	(6.2)	(18.7)
Capex (PP&E)	(0.1)	(0.6)
Lease principal paid	(1.1)	(1.3)
Dividends paid	(35.8)	(46.0)
Share buybacks	(5.1)	(5.1)

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Cash from operations	14.4	0.2	6.3	14.4
Interest paid	–	0.7	1.2	1.0
Tax paid	(3.6)	(2.6)	(18.7)	0.0
Capex (PP&E)	(0.0)	(0.0)	(0.5)	(0.1)
Lease principal paid	(0.5)	(0.5)	(0.6)	(0.7)
Dividends paid	(4.4)	(31.4)	(14.1)	(32.0)
Share buybacks	(5.1)	0.0	(5.1)	0.0

	FY Mar 26	FY Mar 25
Goodwill	32.1	32.1
Other intangibles	29.2	39.4
Property, plant & equipment	2.6	2.2
Other investments	2.0	3.9
Trade receivables	152.7	201.0
Cash	50.6	75.9
Current assets	205.3	280.8
Trade payables	152.2	205.9
Current liabilities	152.9	205.9
Lease liabilities, non-current	2.0	1.5
Total equity	107.9	138.2

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Goodwill	32.1	32.1	32.1	32.1
Other intangibles	29.2	34.8	39.4	43.9
Property, plant & equipment	2.6	1.7	2.2	2.8
Other investments	2.0	–	3.9	–
Trade receivables	152.7	152.1	201.0	172.7
Cash	50.6	46.3	75.9	88.5
Current assets	205.3	201.2	280.8	267.0
Trade payables	152.2	148.9	205.9	181.3
Current liabilities	152.9	149.3	205.9	185.8
Lease liabilities, non-current	2.0	0.8	1.5	1.5
Total equity	107.9	111.9	138.2	148.5

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.