---
title: "River Global narrows underlying losses as it agrees sale of operating business to Liontrust"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279216966.md"
description: "River Global PLC reported a revenue decline to £12.2m and a pre-tax loss of £13.4m for the year ending September 30, 2025, primarily due to an £8.1m goodwill impairment from the sale of its operating business to Liontrust Asset Management. Despite this, losses narrowed thanks to cost reductions and strong investment performance. The company is optimistic about future positioning following the sale and ongoing efficiencies, even amid challenges in the UK active funds market."
datetime: "2026-03-16T07:10:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279216966.md)
  - [en](https://longbridge.com/en/news/279216966.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279216966.md)
---

# River Global narrows underlying losses as it agrees sale of operating business to Liontrust

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The latest announcement is out from River Global PLC Class A ( (GB:RVRG) ).

River Global PLC reported a fall in revenue to £12.2m for the year to 30 September 2025 and an overall pre-tax loss of £13.4m for its A share business, driven by an £8.1m goodwill impairment linked to the agreed post-year-end sale of its operating business to Liontrust Asset Management. Excluding the impairment, losses narrowed, supported by cost reductions of nearly £5m, consolidation of funds into a single platform and strong investment performance, with the group also securing new mandates and joint ventures expected to lift assets under management despite persistent industry-wide outflows.

The company completed a share reorganisation in March 2025, separating results for A and B shares, with the B-share-linked Parmenion business delivering rising assets, revenue and EBITDA. Management highlighted that the sale to Liontrust, ongoing platform efficiencies and growing third‑party mandates such as those with Phoenix Group and Blevins Franks could reshape River Global’s future positioning, even as the broader UK active funds market continues to face significant net outflows and macroeconomic headwinds.

**More about River Global PLC Class A**

River Global PLC, formerly AssetCo plc, operates in the active asset management industry, offering UK and global investment strategies with particular expertise in smaller and mid-sized companies. The group manages funds under a consolidated umbrella structure and works with partners such as Phoenix Group, Blevins Franks and Compound Equity Group to distribute and manage mandates across Europe and the UK.

**Average Trading Volume:** 139,526

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** £54.36M

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