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Impax Asset Management Group PLC (GB:IPX)
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Impax Asset Management
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Impax Asset Management (IPX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Dec 02, 2026
TBA (Confirmed)
Period Ending
2026 (Q4)
Consensus EPS Forecast
―
Last Year’s EPS
0.06
Same Quarter Last Year
Analyst Consensus
Moderate Buy
Based on 1 Analysts Ratings

Earnings Call Summary

Q2 2026
Earnings Call Date:May 20, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call conveyed a mixed but constructive picture: investment performance has materially improved (70% of AUM beating benchmarks) and the company has taken decisive cost and efficiency actions while preserving a strong, debt-free balance sheet and returning capital via a covered interim dividend. However, these positives are offset in the near term by continued net outflows (including a material IEM plc £740m tender), a notable H1 revenue decline (~10%), further headcount reductions and short-term cash pressure. Management is positioning for recovery through product launches (first US ETF), client outreach and continued cost discipline, but flows and reinvestment of tendered assets are key near-term uncertainties.
Company Guidance
The company guided that for the 6 months to 31 March 2026 it delivered underlying operating profit of £11.3m, revenue of £58.8m (H1 2025: £65.4m), costs of £47.5m (more than £8m lower YoY) and an H1 operating margin of 19.2%, and the Board declared a 2p interim dividend (aligned with a 55% payout policy); full‑year revenue is reiterated at £109–113m with an annual fee margin targeted around 47–48 bps and FY costs guided just below c.£95m. Management highlighted a strong, debt‑free balance sheet (shareholders’ equity £106m, seed capital £16.8m, completed £10m buyback) and said cash should recover after an H1 low; AUM sits at roughly c.£22bn with 70% of AUM beating benchmarks calendar YTD (end‑April), Karen cited a net outflow of £3.8m in the period, and an IEM plc tender has triggered ~£740m of exits (c.£200m remaining) which the firm is trying to redirect into its UCITS. Headcount was 269 (peak ≈315) with ~30 further redundancies planned, management owns 18% of the business, and the group believes equity liquidity supports well north of £50bn of capacity (total theoretical capacity >£70–100bn).
Investment Performance Recovery
Calendar year-to-date (end-April) 70% of assets under management have outperformed their benchmarks, marking a clear improvement versus prior years when performance lagged amid AI-dominated markets. Multiple listed equity and fixed income strategies showed calendar YTD outperformance (notably Leaders, Water and Specialists).
Revenue and Profitability Metrics
Group revenue for H1 was GBP 58.8m versus GBP 65.4m in the prior comparable period (≈10.3% decline). Underlying operating profit for the six months was GBP 11.3m and reported operating margin was 19.2%. Fee margin held up above ~47 basis points (guidance 47–48bps). Full-year revenue guidance remains GBP 109m–113m.
Cost Reductions and Efficiency
Operating costs reduced to GBP 47.5m in H1, more than GBP 8m lower year-on-year (implying ~14% reduction from the prior comparable period). Headcount reductions and technology/efficiency initiatives are driving savings; the company expects further cost savings in H2 and guidance for FY operating costs is just below GBP 95m.
Strong Balance Sheet and Capital Returns
Debt-free balance sheet with shareholder equity of GBP 106m. Seed capital stands at GBP 16.8m. The Board declared a covered interim dividend of 2p per share (consistent with a 55% payout policy). The company completed a GBP 10m share buyback in the prior period and expects cash to recover from the half-year low.
Product and Distribution Initiatives
Strategic product development includes launch of the first U.S. ETF (conversion of a mutual fund subfund) with potential to convert 9–10 more subfunds; integration of SKY Harbor and Absalon into fixed income; ongoing private markets fund commitments and plans to raise further capital. Active client partnership work and institutional outreach have been expanded.

Impax Asset Management (GB:IPX) Earnings, Revenues Date & History

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GB:IPX Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Dec 02, 2026
2026 (Q4)
- / -
0.061―――
May 20, 2026
2026 (Q2)
0.06 / 0.07
0.126-41.27% (-0.05)――
Dec 01, 2025
2025 (Q4)
- / 0.06
0.143-57.34% (-0.08)――
May 22, 2025
2025 (Q2)
0.09 / 0.13
0.16-21.25% (-0.03)――
Nov 28, 2024
2024 (Q4)
- / 0.14
0.174-17.82% (-0.03)――
May 29, 2024
2024 (Q2)
- / 0.16
0.172-6.98% (-0.01)――
Nov 29, 2023
2023 (Q4)
- / 0.17
0.254-31.50% (-0.08)――
May 31, 2023
2023 (Q2)
- / 0.17
0.215-20.00% (-0.04)――
Nov 30, 2022
2022 (Q4)
- / 0.25
0.20225.74% (+0.05)――
Jun 01, 2022
2022 (Q2)
- / 0.21
0.11882.20% (+0.10)――
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:IPX Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 20, 2026
103.40 p104.00 p+0.58%
Dec 01, 2025
164.76 p148.25 p-10.02%
May 22, 2025
153.77 p166.60 p+8.34%
Nov 28, 2024
266.07 p276.41 p+3.89%
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 Impax Asset Management Group PLC (GB:IPX) report earnings?
Impax Asset Management Group PLC (GB:IPX) is schdueled to report earning on Dec 02, 2026, TBA (Confirmed).
    What is Impax Asset Management Group PLC (GB:IPX) earnings time?
    Impax Asset Management Group PLC (GB:IPX) earnings time is at Dec 02, 2026, TBA (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?
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          What is the P/E ratio of Impax Asset Management Group PLC stock?
          The P/E ratio of Impax Asset Management is N/A.
            What is GB:IPX EPS forecast?
            Currently, no data Available