Earnings release
Page 1
NEWS RELEASE Third Quarter Trading Update 2026-01-23 RNS Number : 0476Q Record PLC 23 January 2026 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$110.3bn). 1
Page 2
The composition of and changes to AUM by product were as follows: Net flows Assetmovement FXmovementand scaling US$ billion (bn) 30September2025 31December2025 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 -Ends- For further information, please contact: Record plcDr. Jan Witte, Chief Executive OfficerRichard Heading, Chief Financial Officer Tel: +44 (0)20 3892 1300investorrelations@recordfg.com Panmure LiberumAtholl Tweedie | David Watkins Tel: +44 (0)20 7886 2500 2
Page 3
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END TSTEAEFAAAKKEAA 3