Record plc, a specialist currency and asset manager, announces its unaudited results for the six months ended September 30, 2024, with a focus on delivering best-in-class solutions across its six core product areas. The companys Assets Under Management (AUM) grew by 4% to a new high of $106.0 billion, and it launched a €1bn Infrastructure Equity Fund with over €1.1bn in long-term commitments. Revenue decreased by 2% to £21.1m, while profit after tax attributable to Record plc shareholders increased by 5% to £5.0m. The company maintained a strong financial position with net cash of £14.3m and shareholders equity of £27.7m. Key developments include the expansion of the team, a new technology roadmap, and a new office space. The trading for the full year remains in line with the Boards expectations.
| Year | Revenue | Cost of Sales | Gross Profit | Administrative Expenses | Other Income/Expense | Operating Profit | Finance Income | Finance Expense | Profit Before Tax | Taxation | Profit After Tax |
|---|---|---|---|---|---|---|---|---|---|---|---|
| H1 FY25 | £21.1m | £0.2m | £20.9m | £15.4m | £0.1m | £5.6m | £0.3m | £0.0m | £5.9m | £1.7m | £4.3m |
| H1 FY24 | £21.5m | £0.1m | £21.4m | £15.0m | -£0.3m | £6.1m | £0.2m | £0.0m | £6.3m | £1.5m | £4.7m |
| Change | -2% | 100% | -2% | 3% | N/A | -8% | N/A | N/A | -7% | N/A | 13% |