| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 110.68 | 106.4% | 42.1% |
| Total Income | 110.68 | 106.4% | 42.1% |
| Expenditure | 47.44 | 131.6% | 3.3% |
| PBT | 13.97 | 100.8% | 87.3% |
| Net Profit | 2.20 | 100.1% | 97.5% |
| OPM | 57.14% | 34.14pp | 17.21pp |
| NPM | 1.99% | 92.88pp | 44.17pp |
| EPS | 0.01 | 100.1% | 97.5% |
Burford Capital Reports 2Q26 and YTD26 Financial Results
06 Aug 2026 · 6 Aug, 5:34 pm
Summary
Burford Capital Limited announced its unaudited financial results for the second quarter and year-to-date ended June 30, 2026. The company highlighted strong cash generation in 2Q26, with cash receipts being the highest quarterly result since 1Q25. Management emphasized a well-positioned liquidity status with $733 million in cash and marketable securities, enabling continued platform growth and prudent balance sheet management. The report also detailed significant legal wins in July, including a mining arbitration ruling and a US jury verdict, alongside a favorable German Supreme Court decision, underscoring positive developments in the portfolio.
Key Highlights
- 1
Burford generated more cash in 2Q26 than in any quarter since 1Q25, with July showing strong portfolio momentum.
- 2
Cash and marketable securities stood at $733 million as of June 30, 2026, maintaining a strong liquidity position.
- 3
The Principal Finance segment saw a favorable $600+ million ruling in a mining arbitration, potentially entitling Burford to around $200 million.
- 4
A sizeable US jury verdict could entitle Burford to $83 million, with approximately half allocated to its Principal Finance segment.
- 5
A favorable German Supreme Court ruling allows Burford to bring cases with damages claims exceeding $500 million, setting a valuable precedent.
- 6
Pre-pandemic vintages (2010-2020) continue to resolve, with $816 million of realizations generated since the end of 2022.
Management Comments
Christopher Bogart
Burford generated more cash this quarter than any since the first quarter of 2025, and July saw strong momentum in the portfolio. With $733 million of cash on hand, Burford is well-positioned to continue growing its industry-leading platform while strong liquidity and robust cash receipts allow us to prudently manage the balance sheet.
Informational and educational content only. Not investment advice.