RESULTS IMPAX ASSET MANAGEMENT GROUP PLC reports Full Year Results

2025-12-01 · Stocks · QuoteReporter

The stocks discussed are traded on the London Stock Exchange (LSE). On December 1, 2025, Impax Asset Management Group plc (“Impax”) announced its final audited results for the fiscal year ending September 30, 2025. The company, which specializes in investments focused on the transition to a sustainable global economy, reported significant financial challenges during the period.

For the year, Impax’s revenue decreased by 16.6% to £141.9 million, down from £170.1 million in 2024. This decline was largely attributed to a substantial reduction in assets under management (AUM), which fell to £26.1 billion from £37.2 billion in the previous year. The company experienced net outflows of £13.0 billion, compared to £5.8 billion in 2024, although there was a noted stabilization of outflows in the second half of the financial year.

Adjusted operating profit saw a significant decrease of 36.2%, falling to £33.6 million from £52.7 million in the prior year. The adjusted operating margin also declined to 23.7%, down from 31.0% in 2024. Additionally, profit before tax under IFRS decreased by 43.1% to £27.8 million, compared to £49.0 million in the previous year. The adjusted diluted earnings per share (EPS) fell by 33.9% to 21.3p, down from 32.2p, while the IFRS diluted EPS decreased by 44% to 15.8p from 28.2p in 2024.

In response to these financial challenges, Impax proposed a final dividend of 8.0p per share, bringing the total dividend for the year to 12.0p, a significant reduction from 27.6p in 2024. This total dividend represents 55.7% of adjusted profit after tax, aligning with the company’s stated dividend policy. The company maintained a strong balance sheet with cash reserves of £64.7 million, though this was down from £90.8 million in the previous year.

Looking ahead, the company’s leadership expressed cautious optimism regarding future growth. Simon O’Regan, Chair of Impax, noted that despite the challenging first half of the year, the second half showed improvement, particularly in AUM, which increased from £25.3 billion at the end of March 2025. Ian Simm, Chief Executive, highlighted the completion of the acquisition of a fixed income business unit, which is expected to enhance the company’s service offerings.

Overall, while the financial results reflect a difficult year for Impax, the company remains focused on its strategic priorities and is positioned to capitalize on the long-term trends associated with the transition to a more sustainable economy. The management’s commitment to maintaining financial strength and a disciplined approach to capital management will be critical as they navigate the evolving market landscape.

Original Announcement

Title: Final Results
Date: 2025-12-01
Source: London Stock Exchange