Third Quarter Trading Update

Summary by AI ^BETAClose X

Record plc reported a third-quarter trading update for the period ending December 31, 2025, with Assets Under Management (AUM) reaching a new high of US$115.9 billion, an increase from US$110.3 billion at the end of the previous quarter, driven by positive net flows and underlying asset growth, partially offset by FX movements. The company earned £1.6 million in performance fees during the quarter, bringing the year-to-date total to £2.4 million, and expects current financial year earnings to remain unchanged.

Disclaimer*

Record PLC

23 January 2026

RECORD PLC

THIRD QUARTER TRADING UPDATE

Record plc ("Record", the "Company" or the "Group"), the specialist currency and asset manager, is pleased to announce its trading update for the three months ended 31 December 2025 ("Q3 FY26").

Jan Witte, CEO of Record plc commented:

"At US$115.9bn, AUM ended another quarter at the highest level we have ever reported, following positive net flows and underlying asset growth. We saw strong inflows and growth in underlying assets for Passive Hedging, and a second successive period of inflows for FX Alpha. It was also an excellent quarter for performance fees, with a further £1.6m earned, bringing total performance fees for the year to date to £2.4m."

Highlights

· AUM increased to a new high of US$115.9bn driven by both positive net flows and growth in underlying assets, partially offset by FX movements.

· Performance fees of £1.6m for Q3 FY26 (Q3 FY25: £1.3m), bringing performance fees for the year to date to £2.4m (Q3 YTD FY25: £2.9m).

· Average fee rates in the quarter remained broadly unchanged from the previous quarter.

· Earnings expectations for current financial year are unchanged.

AUM composition

AUM at 31 December 2025 totalled US$115.9bn (30 September 2025: US$110.3bn).

The composition of and changes to AUM by product were as follows:

		Net flows	Asset movement	FX movement and scaling
US$ billion (bn)	30 September 2025				31 December 2025

Passive Hedging	72.0	2.4	2.3	(0.7)	76.0
Dynamic Hedging	17.2	(0.1)	0.5	0.0	17.6
Solutions for Asset Managers	17.2	0.1	0.3	(0.2)	17.4
Risk Management	106.4	2.4	3.1	(0.9)	111.0
FX Alpha	1.7	0.9	-	0.1	2.7
Custom Opportunities	0.8	-	-	-	0.8
Other	0.3	-	-	-	0.3
Absolute Return	2.8	0.9	-	0.1	3.8
EM Local Debt	1.0	-	-	-	1.0
Infrastructure	0.1	-	-	-	0.1
Private Markets	1.1	-	-	-	1.1
Total	110.3	3.3	3.1	(0.8)	115.9

LEI Number: 5493000VJ55ZTYGX4322

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For further information, please contact:

Record plc

Dr. Jan Witte, Chief Executive Officer

Richard Heading, Chief Financial Officer

Tel: +44 (0)20 3892 1300

investorrelations@recordfg.com

Panmure Liberum

Atholl Tweedie | David Watkins

Tel: +44 (0)20 7886 2500

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