Gresham House plc Annual Results

For the year to 31 December 2022

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.”