Record PLC
LSE:REC
Record PLC
Record Plc engages in the provision of currency management services. The company is headquartered in Windsor, Berkshire and currently employs 81 full-time employees. The company went IPO on 2007-12-03. The firm is an independent, specialist currency and derivatives manager. The company provides bespoke currency hedging, currency for return and additional currency solutions and consulting services. The Company’s solution includes advisory and execution solutions, currency solutions, and investment solutions. Its advisory and execution solutions include forex trade execution, multi-asset implementation, cash management, collateral management, research and advisory and regulatory reporting. Its currency solution includes active currency risk management, passive currency risk management, tenor management, real rates hedging, and volatility neutral hedging. Its investment solutions include currency risk premia/strategy, emerging market debt, frontier markets, and Siegfried trade finance .
Record Plc engages in the provision of currency management services. The company is headquartered in Windsor, Berkshire and currently employs 81 full-time employees. The company went IPO on 2007-12-03. The firm is an independent, specialist currency and derivatives manager. The company provides bespoke currency hedging, currency for return and additional currency solutions and consulting services. The Company’s solution includes advisory and execution solutions, currency solutions, and investment solutions. Its advisory and execution solutions include forex trade execution, multi-asset implementation, cash management, collateral management, research and advisory and regulatory reporting. Its currency solution includes active currency risk management, passive currency risk management, tenor management, real rates hedging, and volatility neutral hedging. Its investment solutions include currency risk premia/strategy, emerging market debt, frontier markets, and Siegfried trade finance .
Record AUM: Assets under management reached a record $110.3 billion, the highest in company history, driven by favorable FX movements and inflows.
Revenue Decline: Total revenue fell 9% year-over-year, largely due to the loss of two large client mandates and lower performance fees.
Cost Management: Operating costs were controlled, down 4% year-over-year, despite ongoing investments in private market capabilities.
Earnings Drop: Earnings per share decreased to 1.93p from 2.58p a year ago, reflecting the revenue decline.
Dividend Maintained: Interim dividend held steady at 2.15p per share, signaling management’s confidence in the medium-term outlook.
Private Markets Growth: Rapid momentum in private markets, with new fund deployments and higher-margin products contributing an increasing share of revenue.
Shift to Higher-Margin Business: Strategic transition underway towards private markets and specialized solutions, expected to drive long-term growth.
