Burford Capital Limited filings document the formal disclosure record for a Guernsey-based legal finance and asset management company. Its reports and current-event filings cover operating results, portfolio-related commentary, Regulation FD disclosures on the YPF matter, and exhibits such as earnings releases and investor presentations.
Burford's SEC filings also describe governance and compensation matters, including proxy statement disclosures, executive employment agreements and carried-interest compensation arrangements. Capital-structure filings include material agreements for senior notes issued through a subsidiary and guaranteed by Burford Capital, with related indenture covenants, redemption provisions and use-of-proceeds disclosures.
Burford Capital Ltd reporting persons Orbis Investment Management Ltd and Allan Gray Australia Pty Ltd filed an amendment to disclose 18,796,436 shares beneficially owned, representing 8.6% of common stock. The filing lists sole voting and sole dispositive power totals: Orbis 18,609,387 and Allan Gray 187,049.
The filing clarifies that the Reporting Persons are non-U.S. institutions equivalent to U.S. investment advisers and that each disclaims beneficial ownership of the other's shares. The signature block shows certification by an attorney-in-fact dated 05/15/2026.
Ameriprise Financial, Inc. and Columbia Management Investment Advisers, LLC report beneficial ownership stakes in Burford Capital Ltd. The amendment discloses shared voting and dispositive powers: AFI shows shared voting power 11,673,495 and shared dispositive power 12,318,250 (representing 5.6%). CMIA reports shared voting power 10,754,212 and shared dispositive power 11,398,967 (representing 5.2%). The filing is a joint Schedule 13G/A amendment filed on or referencing 03/31/2026 and includes exhibits identifying the acquiring subsidiary and a joint filing agreement.
Burford Capital Ltd director Noel Ricky J. has filed an initial Form 3, which is a required statement of beneficial ownership for new insiders. The provided data shows no reported transactions or derivative positions, with all buy, sell, and exercise counts recorded as zero.
Burford Capital Limited reported the results of its May 13, 2026 annual general meeting. Shareholders voted 152,939,775 ordinary shares, about 70.02% of the 218,422,440 shares outstanding as of the March 16, 2026 record date. All resolutions 1 through 16 passed, including the re-election of seven directors and approval of a final cash dividend of 6.25¢ per share, payable June 12, 2026 to shareholders of record on May 22, 2026. Investors also reappointed KPMG LLP as auditor, approved auditor compensation, received the 2025 accounts, and backed the advisory Say-on-Pay proposal with 72.92% support. Shareholders authorized the board to issue shares and make market purchases of ordinary shares, including limited non-pre-emptive issues for cash and for acquisitions or specified capital investments.
Burford Capital Limited reported a sharp swing to a large loss for the three months ended March 31, 2026, driven by a reversal in its largest litigation asset. Total revenues were a negative $1,720,374 thousand, compared with positive $118,859 thousand a year earlier, as capital provision income turned into a $2,498,765 thousand loss.
This included a $2.4 billion capital provision loss tied to the YPF Judgment Reversal, which slashed the fair value of YPF-related assets and cut total capital provision assets to $3,120,499 thousand from $5,609,949 thousand at year-end 2025. Net loss attributable to shareholders was $1,632,069 thousand, or $7.46 per basic and diluted share, versus net income of $30,929 thousand, or $0.14 per share, in the prior-year quarter.
Total assets fell to $4,269,593 thousand from $6,641,172 thousand, and Burford Capital Limited equity dropped to $827,926 thousand from $2,448,022 thousand. Despite this, cash and cash equivalents rose to $702,576 thousand, supported by the issuance of $500,000 thousand of 8.50% senior notes due 2034 and the redemption of the 5.000% bonds due 2026, leaving debt payable at $2,401,757 thousand.
Burford Capital Limited reported a sharp swing to a large loss for the three months ended March 31, 2026, driven by a reversal in its largest litigation asset. Total revenues were a negative $1,720,374 thousand, compared with positive $118,859 thousand a year earlier, as capital provision income turned into a $2,498,765 thousand loss.
This included a $2.4 billion capital provision loss tied to the YPF Judgment Reversal, which slashed the fair value of YPF-related assets and cut total capital provision assets to $3,120,499 thousand from $5,609,949 thousand at year-end 2025. Net loss attributable to shareholders was $1,632,069 thousand, or $7.46 per basic and diluted share, versus net income of $30,929 thousand, or $0.14 per share, in the prior-year quarter.
Total assets fell to $4,269,593 thousand from $6,641,172 thousand, and Burford Capital Limited equity dropped to $827,926 thousand from $2,448,022 thousand. Despite this, cash and cash equivalents rose to $702,576 thousand, supported by the issuance of $500,000 thousand of 8.50% senior notes due 2034 and the redemption of the 5.000% bonds due 2026, leaving debt payable at $2,401,757 thousand.
Burford Capital reported a GAAP net loss of $1,633 million for 1Q26, driven mainly by a large non-cash write-down of its YPF-related assets following an adverse US appeal ruling. Capital provision income was a loss of $1,669 million on a Burford-only basis, reflecting this valuation hit.
Management cut the Burford-only fair value of YPF-related assets to $93 million, but noted the case has already generated $236 million in cash proceeds and more than $100 million in profit and is being pursued through international arbitration. Outside YPF, the Principal Finance portfolio (excluding YPF) had deployed cost of $1,747 million and fair value of $2,137 million, and Burford ended the quarter with $740 million of cash and marketable securities against debt of $2,402 million, a debt-to-net tangible equity ratio of 3.5x.
Burford Capital reported a GAAP net loss of $1,633 million for 1Q26, driven mainly by a large non-cash write-down of its YPF-related assets following an adverse US appeal ruling. Capital provision income was a loss of $1,669 million on a Burford-only basis, reflecting this valuation hit.
Management cut the Burford-only fair value of YPF-related assets to $93 million, but noted the case has already generated $236 million in cash proceeds and more than $100 million in profit and is being pursued through international arbitration. Outside YPF, the Principal Finance portfolio (excluding YPF) had deployed cost of $1,747 million and fair value of $2,137 million, and Burford ended the quarter with $740 million of cash and marketable securities against debt of $2,402 million, a debt-to-net tangible equity ratio of 3.5x.
Burford Capital Limited is asking shareholders to vote at its May 13, 2026 annual meeting on director elections, executive pay, auditor matters, a final dividend and share capital authorities. Seven directors, including one new nominee, will stand for one‑year terms, with an independent chair and majority‑independent board.
Shareholders are asked to approve a final dividend of 6.25¢ per ordinary share, payable on June 12, 2026 to holders of record on May 22, 2026, with currency election mechanics for US and AIM investors. Proposals also cover reappointing KPMG as external auditor, an advisory Say‑on‑Pay vote, authorization to issue shares and repurchase shares, and special resolutions to disapply pre‑emption rights for certain cash issuances and capital investments.
Burford Capital Ltd Chief Executive Officer Christopher P. Bogart reported equity compensation activity, not open-market trading. On March 26, 2026, he exercised 107,568 RSUs and 82,829 PSUs into Ordinary Shares at a conversion price of $0.00 per share. According to his elections under Burford’s nonqualified deferred compensation plan, these vested awards were converted into 107,568 and 81,725 Phantom RSUs, each tracking one Ordinary Share. To satisfy tax withholding on vesting, 1,104 Ordinary Shares were withheld at $7.70 per share, which is a non‑market, tax-payment event. The filing also lists indirect holdings of Ordinary Shares held by a trust and LLCs in amounts of 375,000, 7,647,727 and 888,563 shares as of the reported date.
Burford Capital Ltd Chief Investment Officer Jonathan Molot reported equity compensation activity involving restricted and performance share units. On March 26, 2026, 107,568 RSUs and 82,829 PSUs vested and were effectively converted into phantom RSUs under Burford’s Deferred Compensation Plan, giving him rights tied to the value of the company’s Ordinary Shares.
In connection with vesting, 1,104 Ordinary Shares were withheld at $7.70 per share to satisfy tax obligations, which is a non-market disposition. Following these transactions, Molot directly holds 3,406,625 Ordinary Shares and indirectly holds 6,000,000 Ordinary Shares through an LLC, reflecting a substantial ongoing equity stake.