Bridgepoint announces 'strong' full-year profit
By Alexander Bueso
Date: Thursday 13 Mar 2025
(Sharecast News) - Bridgepoint reported "strong" full-year underlying profit growth, alongside a record amount of capital returned to clients.
For his part, chief executive officer Raoul Hughes described the medium-term prospects for private markets "exciting" and reiterated a goal to more than double its assets under management over the coming five to six years to $200bn.
At period end, Bridgepoint's AuM stood at $75.6bn and the fee paying AuM at €38.7bn.
The private equity outfit also reported a 51.9% jump in total pro-forma underlying operating income to reach £542.5m.
That tally included a full year of activity at US infrastructure investor Energy Capital Partners, the acquisition of which closed in August.
Also in pro-forma underlying terms, profit before tax jumped 83.4% to £249.8m.
On a reported basis on the other hand, profit after tax came in at £69.1m, versus £70.7m one year before, for basic earnings per share of 8.0p and 8.7p, respectively.
A record €8.5bn was returned in 2024 to fund investors.
Management added that transaction volumes were increasing and pointed to "good" near-term visibility on several further exits for 2025, two-thirds of which were expected to materialise during the back half of the year.
The 'next cycle' fundraising target was raised from €20bn to €24bn and guided towards an EBITDA margin of 52-55% over 2025/26.
The company proposed a final dividend of 4.6p.
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