Mercia Asset Management (MERC): Mercia '27 growth targets
This situation live
MERC Mercia Asset Management
2 Dec 2025 · Mid-point; EBITDA and margin improving, AuM flat · −2% until the next step
At this mid-point in Mercia '27, we remain confident of achieving in our three-year goals of growing AuM to £3.0billion, EBITDA to £10.0million, and EBITDA margin to 26% by 31 March 2027.
16 Apr 2026 · FY26 EBITDA expected materially ahead of market · −10% until the next step
now expects its EBITDA for FY26 to be materially ahead of current market expectations.
30 Jun 2026 · Year two done; divestment target slipping · +13% since
FY26 was the second year of the Group's three-year 'Mercia '27' strategic plan.
Mercia '27 growth targets
Year two done; divestment target slipping
MAR31
Next: Mercia '27 targets fall due in 158 days
Every step · 3
- 2 Dec 2025 Mid-point; EBITDA and margin improving, AuM flat – At this mid-point in Mercia '27, we remain confident of achieving in our three-year goals of growing AuM to £3.0billion, EBITDA to £10.0million, and EBITDA... ↗
- 16 Apr 2026 FY26 EBITDA expected materially ahead of market – now expects its EBITDA for FY26 to be materially ahead of current market expectations. ↗
- 30 Jun 2026 Year two done; divestment target slipping – FY26 was the second year of the Group's three-year 'Mercia '27' strategic plan. ↗
What is happening
Mercia Asset Management: Mercia '27 growth targets – Year two done; divestment target slipping. ['Year two done; divestment target slipping']
- In short
- Mercia '27 targets AuM above £3.0bn, EBITDA of c.£10m and 70% of the direct portfolio divested by 31 March 2027. FY26 EBITDA reached a record £8.1m and AuM c.£2.2bn today. Exit timelines have lengthened, with most realisations now expected in FY28-FY29, so the divestment target looks unlikely by March 2027.
- Announced
- 2 Dec 2025 · Mid-point; EBITDA and margin improving, AuM flat
- Latest
- 30 Jun 2026 · Year two done; divestment target slipping
- EBITDA
- £8.1m in FY26 against the c.£10m target
- AuM
- c.£2.2bn today against the target of over £3.0bn
- Divestment
- Majority of realisations now expected FY28 to FY29
- Deadline
- All three objectives set for 31 March 2027
What comes next
Mercia '27 targets fall due (31 Mar 2027).
From the company's own announcements. Not investment advice.
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