River Global’s revenues for its full financial year to the end of September 2025 came in at £12.2m, according to its results published today (16 March), compared to £14.4m of revenue during the previous year.
Losses on an EBITDA basis reached £2.9m for River Global’s A or ‘ordinary’ shares when adjusted for “discontinued operations and exceptionals”, compared to a much larger loss of £5.7m to the end of September 2024. This marks a 49.1% reduction.
Overall pre-tax loss for River Global’s A share business amounted to £13.4m, which included an £8.1m “impairment of goodwill” following the balance sheet disposal of River Global Holdings – its operating business – to Liontrust Asset Management. Based on this, River Global’s pre-tax loss (EBT) for its a-share business interest amounted to £5.2m – a small increase compared to losses of £4.9m during the previous financial year.
However, the firm managed to cut its costs by £5m during the year, and to consolidate all of its funds under a single umbrella structure, therefore delivering a single operating platform.
See also: River Global asset management CEO departs
River Global River Global suffered general outflows of £665m in assets under management over financial year, which the firm ascribed to market conditions which were “far from ideal”.
In terms of the firm’s B shares, assets increased by £2bn to £13.1bn during the first quarter of its last financial year, while revenue increased from £48.7m to £50.2m. Some 69% of assets outperformed their average peer during the period, while 88% outperformed over three years.
Martin Gilbert (pictured), chair of River Global, said: “The past financial year has shown no let-up in the unprecedented headwinds impacting the active asset management industry.
“Despite several notable steps forward in our business this year, those headwinds have continued to constrain progress and we have been afflicted by the same outflows that are apparent across the sector. In this context, it has been a creditable achievement to cut costs significantly further, consolidate operations and narrow the gap towards profitability.”
