Burford Capital (GB:BUR)
LSE:BUR
Earnings Data
Report Date
Jun 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely constructive operational picture: robust new business (39% increase in definitive commitments) and meaningful portfolio growth (modeled realizations up ~$700 million to >$5.2 billion), with stable returns and healthy liquidity ($621 million cash). The primary negatives were timing and throughput-driven softness in near-term realizations versus a strong 2024 (fewer very large outcomes), several accounting-driven unrealized marks (including a $22 million proteins-related charge), and elevated professional fees. Management emphasized the distinction between cash performance and GAAP accounting marks and remains confident in long-term economics (target ROE ~20%). Overall, strong underwriting and growth outweigh 2025 timing and accounting headwinds, but short-term cash/earnings remain uneven due to court timing and specific counterparties.Company Guidance
Strong New Business Growth
New definitive commitments increased 39% year-over-year, driving a 20% growth rate in the portfolio base and adding a net $700 million of modeled realizations, taking modeled realizations to north of $5.2 billion (up from $4.5 billion).
Modeled Realizations and Portfolio Build
Modeled realizations rose from $4.5 billion to $5.2 billion (+~15.6%), and the Principal Finance portfolio grew from just under $3.6 billion to $3.9 billion (~+8.3%), supported by $457 million of deployments during the year.
Gains Increased Despite Fewer Big Outcomes
Reported gains rose from $508 million to $579 million (~+14%), and the rolling three-year average realizations hit a new high, with 69 assets contributing to realizations versus 71 in the prior year (a negligible change in activity count).
Returns and Loss Rates Remain Stable
Two-year ROIC of ~81% is consistent with the firm's historical track record (historical ROIC cited around 82%–83%), and management reported stable loss rates and stable returns across the portfolio.
Healthy Liquidity and Matched Debt Duration
Cash finished the year at $621 million; management extended and laddered debt (pro forma weighted average life ~5.7 years) while assets' weighted average concluding life is under 3 years, creating a matched maturity profile.
Asset Management and Cash Receipts
Asset management cash receipts remained steady at $32 million for the year with asset management income around $36 million; expected future asset management cash receipts of approximately $350 million tied to modeled realizations.
Strategic and Geographic Expansion
Company continued international expansion and technology initiatives, with new launches in Madrid and Seoul and continued market expansion efforts highlighted in the shareholder letter.
Significant YPF Asset Value and Ongoing Enforcement
YPF remains a material asset (judgment over $16 billion with prejudgment/post-judgment interest growing) with active enforcement in eight foreign jurisdictions and Second Circuit appeal activity expected to progress during the year.
GB:BUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:BUR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | 698.50 p | 625.50 p | -10.45% |
Nov 05, 2025 | 721.50 p | 717.00 p | -0.62% |
Aug 07, 2025 | 955.22 p | 952.73 p | -0.26% |
May 07, 2025 | 1032.28 p | 1024.37 p | -0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Burford Capital (GB:BUR) report earnings?
Burford Capital (GB:BUR) is schdueled to report earning on Jun 16, 2026, Before Open (Confirmed).
What is Burford Capital (GB:BUR) earnings time?
Burford Capital (GB:BUR) earnings time is at Jun 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Burford Capital stock?
The P/E ratio of Burford Capital is N/A.
What is GB:BUR EPS forecast?
GB:BUR EPS forecast for the fiscal quarter 2026 (Q1) is 0.14.