| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | -1.7K | 1547.4% |
| Total Income | -1.7K | 1547.4% |
| Expenditure | -150.10 | 465.2% |
| PBT | -1.6K | 3777.1% |
| Net Profit | -1.6K | 5376.7% |
| OPM | 91.28% | 25.86pp |
| NPM | 94.87% | 68.85pp |
| EPS | -7.46 | 5428.6% |
Burford Capital Reports 1Q26 Financial Results
08 May 2026 · 8 May, 4:36 pm
Summary
Burford Capital Limited announced its unaudited financial results for the three months ended March 31, 2026. The company reported having ample liquidity, with more than $700 million of cash on hand. However, the YPF loss caused a very large non-cash charge to quarterly earnings, though there is no cash impact from that loss. Consolidated GAAP net loss was $(1,633) million for 1Q26, and net loss attributable to Burford Capital Limited shareholders was $(1,632) million for 1Q26.
Key Highlights
- 1
Burford Capital reported having more than $700 million of cash on hand.
- 2
The company has sight of around $280 million in cash so far this year from the portfolio.
- 3
Consolidated GAAP net loss was $(1,633) million for 1Q26.
- 4
Net loss attributable to Burford Capital Limited shareholders was $(1,632) million for 1Q26.
- 5
The revised fair value for the YPF-related assets is $150 million on a consolidated basis as of March 31, 2026.
- 6
The revised fair value for the YPF-related assets is $93 million on a Burford-only basis as of March 31, 2026.
Management Comments
Christopher Bogart
Burford has a multi-billion-dollar portfolio of litigation assets delivering substantial cash returns and the market-leading origination engine. Burford’s business is robust. We have ample liquidity, with more than $700 million of cash on hand, and have sight of around $280 million1 in cash so far this year from the portfolio. While the YPF loss was disappointing and caused a very large non-cash charge to our quarterly earnings, there is no cash impact from that loss. Indeed, if YPF never pays another cent, we will still have generated $236 million in cash proceeds and more than $100 million in profit from the case – and we are optimistic about a positive arbitration outcome.”
Informational and educational content only. Not investment advice.