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Burford Capital Limited — 3Q26 Earnings Summary

  • Reported total revenues of $135 million for the quarter ended September 30, 2026, with adjusted total revenues exceeding $200 million when excluding non-cash increases in market discount rates.
  • Achieved $100 million in de-leveraging and retired the nearest-term debt maturity, closing the quarter with over $500 million in cash on hand.
  • Generated a 12x return on invested capital (ROIC) from the resolution of a 2015 vintage matter, which yielded $64 million in cash following the quarter's end.
  • Management characterized the quarter as the company's "strongest this year," citing robust portfolio activity and successful debt reduction as key achievements.
Company
BURFORD CAPITAL LTD
Sector
Financial Services
Industry
Asset Management