Intermediate Capital Group PLC

Latest Results (22.12.2024):

Assets Under Management

Intermediate Capital Group PLC reported a significant increase in Assets Under Management (AUM) for the six months ending 30 September 2024. The AUM reached $106 billion, marking a 25% increase from the previous year. Fee-earning AUM also saw a rise, reaching $73 billion, which is a 15% increase compared to the same period last year.

Fundraising Achievements

During the first half of the fiscal year 2025, Intermediate Capital Group PLC achieved its second-highest six-month fundraising total, amassing $10 billion. This includes the final closes of SDP V and NACP III, both of which attracted approximately 50% more client capital than their previous iterations. The company anticipates the first close of Europe IX in the fiscal year 2025.

Revenue and Fees

Intermediate Capital Group PLC reported management fees of £287 million for the six months ending 30 September 2024, representing a 23% increase year-on-year. Performance fees also increased by 9% year-on-year, totaling £32 million. These figures highlight the company's strong revenue growth in the first half of the fiscal year 2025.

Profit and Earnings

The Fund Management Company of Intermediate Capital Group PLC recorded a profit before tax of £196 million, up 21% from the previous year. However, the Group's overall profit before tax decreased to £198 million from £242 million in the same period last year. Group earnings per share also saw a decline, dropping to 57.6p from 71.5p year-on-year.

Dividend and Outlook

Intermediate Capital Group PLC declared an interim dividend of 26.3p per share, consistent with its policy and slightly up from 25.8p per share in the previous year. Despite some areas of uncertainty, the company remains confident in its ability to generate attractive returns and raise significant client capital, as it continues to develop as a globally relevant, scaled private market manager.