Burford Reports 4Q25 and FY25 Financial Results
Rhea-AI Summary
Burford (NYSE:BUR) reported 4Q25 and FY25 results and announced a final dividend of $0.0625 per ordinary share, subject to shareholder approval on June 12, 2026 with record date May 22, 2026.
The company said new definitive commitments rose 39% in 2025 and modeled realizations increased $700 million to $5.2 billion year-end; cash was collected despite extended case durations and unrealized fair value adjustments.
Positive
- New commitments up 39% in 2025
- Modeled realizations +$700M to $5.2B year-end
- Final dividend declared at $0.0625 per share (subject to approval)
Negative
- Results impacted by extended case durations
- Results affected by unrealized fair value adjustments
Market Reaction – BUR
Following this news, BUR has declined 9.34%, reflecting a notable negative market reaction. Argus tracked a trough of -2.7% from its starting point during tracking. Our momentum scanner has triggered 19 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $8.69. This price movement has removed approximately $196M from the company's valuation. Trading volume is above average at 1.8x the average, suggesting increased trading activity.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
BUR was up 2.68% pre-release while key asset management peers like APAM, GCMG, and HTGC also showed gains between 0.3% and 2.58%, but momentum data did not flag a coordinated sector move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 05 | 3Q25 & YTD25 results | Positive | +0.0% | Strong growth and record rolling three-year realizations with active portfolio. |
| Aug 07 | 2Q25 & YTD25 results | Positive | +1.7% | Significant revenue and profitability increases plus rapid $500M capital raise. |
| May 07 | 1Q25 results | Positive | +1.3% | Strong seasonal quarter with elevated new business and realization activity. |
| Mar 03 | 4Q24 & FY24 results | Positive | -8.4% | Preliminary FY24 results and declaration of $0.0625 final dividend. |
| Nov 07 | 3Q24 results | Positive | -2.5% | Record Q3 2024 cash receipts, gains, and portfolio value growth. |
Earnings releases often feature strong operational commentary, but price reactions have been mixed, with both gains and notable sell-offs around prior reports.
Over the past year, Burford’s earnings releases have highlighted strong growth in realizations, new commitments, and portfolio value. Events on Aug 7, 2025 and May 7, 2025 emphasized significant increases in revenue and profitability, while the Nov 5, 2025 update noted high realizations and record activity. However, the Mar 3, 2025 FY24 results, which also included a $0.0625 dividend, and strong Q3 2024 numbers both saw negative price reactions, underscoring that solid fundamentals have not always translated into positive short-term moves.
Historical Comparison
In the last five earnings-related releases, BUR’s average move was about -1.57%, with both rallies and sharp sell-offs around strong fundamental updates.
Earnings updates show a consistent story of portfolio growth, higher realizations, and recurring final dividends of $0.0625, while also reflecting periods of revenue volatility and changing market reception.
Market Pulse Summary
The stock is down -9.3% following this news. A negative reaction despite growth in new commitments and modeled realizations would fit Burford’s mixed history around earnings, where strong fundamentals sometimes coincided with declines, including moves as low as -8.4%. Past patterns suggest that market focus has shifted between portfolio growth and nearer-term revenue or valuation noise, so sharp downside moves around results have not been uncommon even when management emphasized a constructive outlook.
Key Terms
forward-looking statements regulatory
AI-generated analysis. Not financial advice.
On February 25, 2026, Burford's board of directors declared a final dividend for the year ended December 31, 2025 of
Christopher Bogart, Burford Capital's Chief Executive Officer, commented:
"We had a terrific 2025 for new business, with new definitive commitments up
Burford will hold a conference call for investors and analysts at 9.00am EST / 2.00pm GMT on Thursday, February 26, 2026. For swift access to the conference call at the time of the event, pre-registration is encouraged at https://registrations.events/direct/Q4I740130. The dial-in numbers for the conference call are +1 (646) 307-1951 (
A live audio webcast and replay will also be available at https://events.q4inc.com/attendee/657000184, and pre-registration at that link is encouraged.
1 Modeled realizations reflect expected future realizations from capital provision assets (excluding YPF-related assets) based on probabilistic modeling of portfolio and adjusted by an experience factor based on historical modeling accuracy rates. Modeled realizations calculation is derived from Burford's internal modeling of individual matters and of Burford's portfolio as a whole. These data are not a forecast of future results. See "Forward-looking statements", "Estimates and assumptions" and "Key performance indicators" for more information. See the full detailed presentation of Burford's 4Q25 and FY25 financial results for information on how modeled realizations are calculated. |
For further information, please contact: | ||
Burford Capital Limited | ||
For investor and analyst inquiries: | ||
+1 212 516 5824 | ||
EMEA & | +44 (0)20 3530 2023 | |
For press inquiries: | ||
David Helfenbein, Senior Vice President, Public Relations - email | +1 646 504 7074 | |
Deutsche Numis - NOMAD and Joint Broker | +44 (0)20 7545 8000 | |
Duncan Monteith | ||
Charlie Farquhar | ||
BofA Securities – Joint Broker | +44 (0)20 7628 1000 | |
Peter Luck | ||
David Lloyd | ||
Jefferies International Limited - Joint Broker | +44 (0)20 7029 8000 | |
Graham Davidson | ||
James Umbers | ||
Berenberg – Joint Broker | +44 (0)20 3207 7800 | |
Toby Flaux | ||
James Thompson | ||
About Burford Capital
Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.
For more information, please visit www.burfordcapital.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.
This press release does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided in this press release is for informational purposes only. Past performance is not indicative of future results. The information contained in this press release is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including interests or shares in any of Burford private funds). Any such offer or solicitation may be made only by means of a final confidential private placement memorandum and other offering documents.
Forward-looking statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended, including Burford's target metrics and projections, such as modeled realizations, that are intended to be covered by the safe harbor provided for under these sections. In some cases, words such as "aim", "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "guidance", "intend", "may", "plan", "potential", "predict", "projected", "should" or "will", or the negative of such terms or other comparable terminology, are intended to identify forward-looking statements. Although Burford believes that the assumptions, expectations, projections, intentions and beliefs about future results and events reflected in forward-looking statements have a reasonable basis and are expressed in good faith, forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause Burford's actual results and events to differ materially from (and be more negative than) future results and events expressed, projected or implied by these forward-looking statements. Factors that might cause future results and events to differ include, among others, those discussed in the "Risk Factors" section of Burford's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the US Securities and Exchange Commission on February 26, 2026. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in the periodic and current reports that Burford files with or furnishes to the US Securities and Exchange Commission. Many of these factors are beyond Burford's ability to control or predict, and new factors emerge from time to time. Furthermore, Burford cannot assess the impact of each such factor on its business or the extent to which any factor or combination of factors may cause actual results and events to be materially different from those contained in any forward-looking statement. Given these uncertainties, readers are cautioned not to place undue reliance on Burford's forward-looking statements.
All subsequent written and oral forward-looking statements attributable to Burford or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date of this press release and, except as required by applicable law, Burford undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
In addition to forward-looking statements, this press release includes certain data, such as modeled realizations, based on calculations derived from Burford's probabilistic modeling of individual matters and its portfolio as a whole. This data is not a forecast of future results, and past performance is not a guide to future performance. The inherent volatility and unpredictability of legal finance assets precludes forecasting and limits the predictive nature of Burford's probabilistic model. Furthermore, the inherent nature of the probabilistic model is that actual results will differ from the modeled results, and such differences could be material. The data based on calculations derived from Burford's probabilistic model contained in this press release is for informational purposes only and is not intended to be a profit forecast or be relied upon as a guide to future performance.
Estimates and assumptions
This press release includes certain unaudited financial and business projections, targets and goals with respect to Burford's future outlook (collectively, the "Estimates"). The Estimates reflect subjective judgment in many respects and thus are susceptible to multiple interpretations and periodic revisions based on actual experience and business developments. As such, the Estimates constitute forward-looking information and are subject to many risks and uncertainties that could cause actual results to differ materially from the results forecasted in these projections, targets or goals. There can be no assurance that the Estimates will be realized or that actual results will not be materially higher or lower than forecast. The Estimates cannot, therefore, be considered a guarantee of future results of operations, and this information should not be relied upon as such. The inclusion of the Estimates in this press release should not be regarded as an indication that Burford or any of its affiliates, officers, directors, employees or representatives considered or considers the Estimates to be necessarily predictive of actual future events, and the Estimates should not be relied upon as such. The inclusion of the Estimates herein should not be deemed an admission or representation by Burford that its management views the Estimates as material information. Neither Burford nor any of its affiliates, officers, directors, employees or representatives has made or makes any representation to any of Burford's shareholders or any other person regarding the ultimate performance of Burford compared to the information contained in the Estimates or can give any assurance that actual results will not differ materially from the Estimates. BURFORD DOES NOT UNDERTAKE ANY OBLIGATION TO UPDATE OR OTHERWISE REVISE OR RECONCILE THE ESTIMATES TO REFLECT CIRCUMSTANCES EXISTING AFTER THE DATE THE ESTIMATES WERE GENERATED OR TO REFLECT THE OCCURRENCE OF FUTURE EVENTS, EVEN IN THE EVENT THAT ANY OR ALL OF THE ASSUMPTIONS UNDERLYING THE ESTIMATES ARE NO LONGER APPROPRIATE OR ARE SHOWN TO BE IN ERROR, EXCEPT AS MAY BE REQUIRED BY APPLICABLE LAW.
Key performance indicators
Burford uses certain unaudited key performance indicators ("KPIs"). The KPIs are presented because Burford uses them to monitor its financial condition and results of operations and/or Burford believes they are useful to investors, securities analysts and other interested parties. The presentation of the KPIs is for informational purposes only and does not purport to present what Burford's actual financial condition or results of operations would have been, nor does it project its financial condition at any future date or its results of operations for any future period. The presentation of the KPIs is based on information available as of the date of this press release and certain assumptions and estimates that Burford believes are reasonable.
View original content:https://www.prnewswire.com/news-releases/burford-reports-4q25-and-fy25-financial-results-302698189.html
SOURCE Burford Capital Limited
FAQ
What did Burford (BUR) announce about its 2025 dividend on February 26, 2026?
How much did Burford's modeled realizations change in FY25 and what is the year-end total?
By what percentage did Burford's new definitive commitments increase in 2025 (BUR)?
When is Burford's investor conference call for 4Q25 and FY25 results and how can investors join?
Did Burford (BUR) report cash collections despite portfolio timing issues in FY25?
What does Burford cite as the main factors affecting its FY25 reported results?
