Burford Capital Limited — 3Q26 Earnings Summary

Financial Performance:

• Reported total revenues of $135 million for the quarter ended September 30, 2026.
• Adjusted total revenues, a non-GAAP measure excluding the non-cash increase in market discount rates, would have exceeded $200 million.
• Achieved $100 million in de-leveraging during the quarter.
• Closed the quarter with more than $500 million in cash on hand.
• Retired the nearest-term debt maturity.

Business Segments and Product Lines:

• Generated $64 million in cash from the resolution of a 2015 vintage matter following the quarter's end.
• The resolution of the 2015 vintage matter generated a 12x return on invested capital (ROIC).

Management Commentary and Tone:

• CEO Christopher Bogart described the quarter as the company's "strongest this year," citing robust portfolio activity and good cash generation.
• Management highlighted the successful de-leveraging and debt retirement as key achievements.

Other Key Points:

• Burford Capital Limited is a global finance and asset management firm focused on law, trading on the NYSE (BUR) and LSE (BUR).
• A conference call for investors and analysts is scheduled for November 4, 2026, at 9:00 am EST / 2:00 pm GMT.
• A live audio webcast and replay will be available at https://events.q4inc.com/attendee/456229723.
• The press release includes forward-looking statements subject to risks and uncertainties detailed in the company's Form 10-K and Form 10-Q filings.