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Burford Capital Shares Fall Despite Record Cash Realizations, Q4 Results Disappoint
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Burford Capital Shares Fall Despite Record Cash Realizations, Q4 Results Disappoint
Mar 3, 2025 6:37 AM

Burford Capital Limited ( BUR ) shares are trading lower premarket on Monday after the company reported fourth-quarter earnings.

Consolidated total revenues of $93.025 million were down from $292.573 million in the prior year period. Revenues, Total Segments (Burford-only), were $65.692 million, down from $250.615 million in the same period a year earlier.

The company reported an EPS loss of $(0.06), down from an EPS of $0.45 in the year-ago quarter.

Asset Management and Other Services Segment revenue declined to $15.9 million from $24.9 million a year ago quarter,

Net realized gains rose to $141.6 million from $62.9 million in the quarter.

Consolidated cash and marketable securities for Total segments (Burford-only) stood at $521 million as of December 31, 2024 driven by record cash receipts during FY24.

Dividend: On February 28, 2025, Burford’s Board of Directors announced a final dividend of $0.0625 per ordinary share for the year ended December 31, 2024, payable on June 13, 2025, to shareholders on record as of May 23, 2025.

The company achieved very strong ROICs of 135% in fourth quarter and 179% in second quarter, driving the full-year FY24 ROIC to 108%.

This marks the highest annual result since FY20 and is significantly above the historical average.

Christopher Bogart, Chief Executive Officer, said, "Burford had a splendid 2024. We achieved record-breaking cash realizations with returns well above our historical averages as well as strong growth in new business. We were also added to the Russell indices and cemented our transition to reporting as a US domestic issuer.”

Price Action: BUR shares are down 6.86% at $14.53 premarket at the last check Monday.

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