Pollen Street Group (LON:POLN) Announces Earnings Results

Pollen Street Group (LON:POLN) issued its quarterly earnings results on Thursday. The company reported GBX 93.70 earnings per share for the quarter, Digital Look Earnings reports. Pollen Street Group had a net margin of 50.55% and a return on equity of 9.28%.

Here are the key takeaways from Pollen Street Group’s conference call:

• Strong fundraising and AUM momentum — total AUM rose to £7.1 billion (30% YoY) with Fee‑Paying AUM £5.2bn (+£1.3bn), driving revenue to £114m and expanding fund management EBITDA.
• Highly predictable, recurring fee base — management fees (e.g., PE Fund V EUR 1.5bn at 2% fee = ~€30m pa) plus ~£800 million of uninvested credit capital give clear visibility of near‑term fee growth and support the £10bn AUM target.
• Recognition lag for performance fees — carry from recent funds (notably Fund V and Accelerator II) is expected to be material but will not be recognised in profit for several years under current IFRS treatment, keeping performance fees subdued for now.
• Change to carried interest allocation — the board has increased flexibility and for Credit IV has reduced the group’s house share to 17% (from 25%) to reward certain team members, which will transfer some future upside from shareholders to employees.
• Investing to scale — fund management costs rose ~25% as the firm builds sales/IR and investment teams, but management says this is deliberate investment and fund management EBITDA also grew (~+17%), reflecting operational gearing.

Pollen Street Group Stock Performance

Pollen Street Group stock traded up GBX 66 during mid-day trading on Thursday, reaching GBX 806. The company’s stock had a trading volume of 1,272,062 shares, compared to its average volume of 335,893. Pollen Street Group has a 12 month low of GBX 633.98 and a 12 month high of GBX 972. The business’s 50 day simple moving average is GBX 841.34 and its 200 day simple moving average is GBX 889.71. The company has a market capitalization of £480.80 million, a price-to-earnings ratio of 9.17 and a beta of 0.05.

About Pollen Street Group

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.