Gresham House plc Annual Results

Gresham House Annual Results 2022

???? 20% increase in AUM to £7.8bn, with strong organic growth.

We are pleased to announce another year of strong performance and organic growth, despite the volatile economic conditions in 2022.

Assets under management (AUM) rose 20% to £7.8bn, and this growth has led to material increases in revenue, operating margin and adjusted operating profit.

As these results show, we are making strong progress towards our five-year ‘GH25’ financial and strategic targets to maximise shareholder value.

Financial highlights

• 20% AUM growth to £7.8bn, including £1.1bn organic growth
• Adjusted operating profit of £27.1mn (+34% vs. FY21)
• ROCE of 19.3%, in line with our 20.0% medium-term target
• Adjusted diluted EPS of 55.2p (+12%)
• Final dividend proposed to increase by 60% to 16.0p

Strategic highlights

• International expansion through acquisition of Burlington Real Estate in Ireland, launch of the Irish Strategic Forestry Fund and New Zealand carbon credits mandate
• Consolidated significant market positions in specialist segments: Largest listed battery energy storage fund in Europe; Largest forestry asset manager in the UK and 7th largest globally; Second largest VCT manager in the UK
• Delivering against our Corporate Sustainability Strategy and published Task Force on Climate-related Financial Disclosures (TCFD) reporting and road map

Commenting on the results, Chief Executive, Tony Dalwood said:

“We are ahead of our GH25 five-year targets through the strong execution of our financial and strategic goals to create shareholder value. Importantly, we are delivering strong investment performance for clients. 

We move into 2023 in a strong position and have continued to raise funds across our asset classes. The long-term potential to scale Gresham House remains our ambition.”

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Tony Dalwood and Kevin Acton introduce the Annual Results

Get in touch

Media relations

Houston PR: Alexander Clelland, Kay Larsen  gh@houston.co.uk | +44 (0)20 4529 0549

Nominated Adviser and Joint Broker

Canaccord Genuity Limited: Bobbie Hilliam, Harry Pardoe  +44 (0)20 7523 8000

Financial Adviser and Joint Broker

Jefferies International Limited: Paul Nicholls, James Umbers  +44 (0)20 7029 8000

Past performance is not a reliable indicator of future performance.  Capital at risk.