Impax Asset Management (LSE:IPX) reported a tough year to 30 September 2025, with assets under management falling from £37.2 billion to £26.1 billion. After a challenging first half marked by elevated outflows, the firm saw conditions stabilise in the latter part of the year, supported by improving market performance. The acquisition of SKY Harbor’s fixed-income business, combined with targeted cost-reduction initiatives, has strengthened Impax’s platform for future expansion. The group remains profitable, carries no debt, and maintains a resilient balance sheet, bolstered by a revised dividend policy.

Impax’s overall investment case is supported by solid financial fundamentals and appealing valuation metrics. While technical indicators deliver a mixed picture, the firm’s strong cash generation and comparatively low valuation underpin prospects for both growth and income.

More about Impax Asset Management

Impax Asset Management Group plc is a specialist investment firm dedicated to opportunities created by the transition to a more sustainable global economy. Founded in 1998, the company oversees roughly £26.1 billion across public and private market strategies. Its portfolios focus on businesses tackling global environmental and resource challenges—including climate change, pollution, and circular-economy solutions—with the goal of delivering competitive, risk-adjusted returns through a broad suite of sustainability-aligned investment products.

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