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Bridgepoint Group PLC on Friday noted signs of increasing transaction activity amid ‘exciting’ medium-term growth prospects for private markets, though it posted a decline in half-year profit. The London-based private equity firm said pretax profit fell 39% to £60.6 million in the first half of 2025 from £99.9 million a year ago. Underlying earnings before interest, tax, depreciation and amortisation was £128.0 million, down 12% from £145.0 million. Underlying Ebitda margin was 48.4%, down from 54.0% a year ago. Total operating income climbed 82% to £290.4 million from £159.4 million. However, personnel costs increased 84% to £136.5 million from £74.1 million, while finance and other expenses multiplied to £30.5 million from £6.0 million. Depreciation and amortisation expenses ballooned to £32.6 million from £8.8 million. Assets under management jumped 20% to $86.6 billion as at June 30, from $72.2 billion a year ago. Fee-paying AuM rose by 1.9% to €37.5 billion from €36.9 billion. Bridgepoint declared an interim dividend of 4.7 pence per share, up 2.2% from 4.6p a year prior. It said it will pay a minimum of 4.7p as a final dividend, which also would be up from 4.6p. The company reaffirmed its guidance, expecting an Ebitda margin between 52% and 55% in 2025 and 2026. For 2024, Bridgepoint had reported an underlying Ebitda margin of 53.8%, higher than 49.9% in 2023. Chief Executive Officer Raoul Hughes said: ‘Looking ahead, we are making encouraging progress in fundraising, and there are signs of increasing transaction activity. The medium-term growth prospects for private markets are exciting and we are confident in the firm’s long-term strategic opportunity.’ Bridgepoint shares were down 0.1% at 354.40 pence each on Friday morning in London, giving it a market capitalisation of £2.91 billion. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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