Inclusive Investor Relations, Equity Development

Equity Development

We help companies communicate with all investors by providing research and access to management. Equity Development makes Investor Relations genuinely inclusive.

Inclusive Investor Relations

We help companies communicate with all investors. We help all investors better understand those businesses.

Equity Bottom-Up

Impax Asset Management / Equity Bottom-Up

<ul><li>FY25 was disappointing as AUM fell 30% to £26.1bn, heavily impacted by the loss of £6.2bn of St James’s Place mandates.</li><li>Yet, Impax’s current share price seems to price in further decline.</li><li>The PER is just 10.9, nearly the lowest in the sector, despite net cash of £68m (31% of market cap), no debt, and the group generating £20m PAT in a rare bad year.</li></ul>

FY25 was disappointing as AUM fell 30% to £26.1bn, heavily impacted by the loss of £6.2bn of St James’s Place mandates.Yet, Impax’s current share price seems to price in further decline.The PER is just 10.9, nearly the lowest in the sector, despite net cash of £68m (31% of market cap), no debt, and the group generating £20m PAT in a rare bad year.

Impax AM - stabilising after tough FY25, with huge opportunities