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ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Phoenix Group Launches 30MW Hydropower Mining Operation in Ethiopia; H.C. Wainwright Reaffirms Buy Rating and AED 3.00 Price Target.
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Phoenix Group Delivers Strong Q3 Results with Rising Revenue and Ongoing Expansion across Key Markets.
Citi has reiterated its 'buy' call on Phoenix Group Holdings PLC (LSE:PHNX), describing the insurer's 18-month outlook as “a compelling delivery story” underpinned by strong cash generation and attractive income. The bank highlighted Phoenix's position in structurally growing markets, with a sharpened customer offering and significant cost savings expected to drive a 17% compound annual growth rate in operating earnings per share between 2025 and 2027.
Phoenix Group's interim results reinforce its solid business model, with 1% AUA growth and a 9% increase in operating cash generation. The 8.6% dividend yield is well-covered and attractive, supported by strong cash generation and a progressive dividend policy. Risks are broadly in line with the pension industry, mitigated by scale and the upcoming rebrand to Standard Life enhances brand strength.
Phoenix Group Holdings plc (OTCPK:PNXGF) Q2 2025 Earnings Call September 7, 2025 8:00 PM EDT Company Participants Andrew Briggs - Group CEO & Director Nicolaos Nicandrou - Group CFO & Executive Director Conference Call Participants Abid Hussain - Panmure Liberum Limited, Research Division Andrew Sinclair - BofA Securities, Research Division Mandeep Jagpal - RBC Capital Markets, Research Division Dominic O''mahony - BNP Paribas Exane, Research Division Andrew Baker - Goldman Sachs Group, Inc., Research Division Nasib Ahmed - UBS Investment Bank, Research Division Presentation Andrew Briggs Group CEO & Director Thank you, Claire, and good morning, everyone, and welcome to Phoenix's 2025 Half Year Results. Today, I'll start with a summary of the progress we've made.
Phoenix Group Holdings PLC (LSE:PHNX) will report interim results on Monday, 8 September, with analysts at Panmure Liberum upbeat on the outlook. The broker highlights Phoenix's sector-leading free cash flow, which it says is both expanding and sustainable, underpinned by strong product fundamentals and growing operational leverage.
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--US Investment Bank H.C. Wainwright Reiterates Buy Rating on IHC Portfolio Company, Phoenix Group, with AED 3.00 Target.
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Phoenix Group Announces Q2 2025 Results: Robust Mining, $150M+ Crypto Treasury Formalized, AI Expansion; Stock Price Surged 72% in Quarter.
Deutsche Bank has upgraded Phoenix Group Holdings PLC (LSE:PHNX) to 'buy' and raised its price target by 36% to £7.30, citing growing balance sheet flexibility, improved cash generation and a clear shift in strategic direction. The bank now sees a total expected return of 27%.
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Phoenix Group Adds 52 Megawatts of Bitcoin Mining Capacity in Ethiopia, Increasing Total Global Operational Capacity to Over 500 Megawatts.
Wipro , India's No.4 IT services provider, won a 10-year deal worth 500 million pounds ($645.4 million) from British insurer Phoenix Group , the company said on Wednesday, announcing its second mega deal this financial year.
2024 will go down as a strong year for U.K. savings business, Phoenix Group. Assets under administration continue to rise despite run-off from its closed-book business, with positive operating leverage driving strong growth in profits and cash generation. Medium-term financial targets have been raised, putting the dividend on an even firmer footing.
Phoenix Group Holdings plc (OTCPK:PNXGF) Q4 2024 Earnings Conference Call March 17, 2025 5:30 AM ET Company Participants Andrew Briggs - Group Chief Executive Officer & Director Nic Nicandrou - Group Chief Financial Officer Conference Call Participants Abid Hussain - Panmure Gordon Andrew Sinclair - Bank of America Dominic O'Mahony - BNP Paribas Exane Thomas Bateman - Mediobanca Farooq Hanif - JPMorgan Michael Huttner - Berenberg Andrew Crean - Autonomous Larissa Van Deventer - Barclays Mandeep Jagpal - RBC Capital Markets Andrew Baker - Goldman Sachs Steven Haywood - HSBC Andrew Briggs Thank you, Claire and good morning, everyone and welcome. Thank you for those who joined in the room and also to those who've joined us on the webcam.
Shares in Phoenix Group Holdings PLC (LSE:PHNX) climbed 6.2% to a five-month high after the life insurer impressed with results for 2024 that showed better cash, a solid solvency position and an improved outlook. The FTSE 100-listed group delivered total cash generation of £1.8 billion, down from £2 billion the year before but better than the top end of previous guidance and well ahead of the £1.5 billion average analyst forecast.
Abu Dhabi, UAE, March 10, 2025 (GLOBE NEWSWIRE) -- Phoenix Group PLC (ADX: PHX, the “Company” or the “Group”), a pioneering global cryptocurrency, blockchain and next-generation digital infrastructure company, announces that CEO & Co-Founder Munaf Ali has significantly increased his stake in the company, reaffirming his strong belief in its prospects and long-term growth trajectory.
Abu Dhabi, United Arab Emirates, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Phoenix Group PLC (ADX:PHX), ADX-listed technology leader, today announced a remarkable 236% year-over-year (YoY) surge in revenue for FY 2024, solidifying its position as a driving force in the global digital asset ecosystem.
Abu Dhabi-listed cryptomining and blockchain conglomerate Phoenix Group has struck an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia, it said on Wednesday, as it pursues a global diversification strategy by entering the Africa market.
Abu Dhabi, United Arab Emirates, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Phoenix Group PLC (ADX:PHX), the UAE's multi-billion-dollar tech powerhouse, today announced a major strategic expansion into the burgeoning African market with the acquisition of an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia. This landmark deal, forged in partnership with Abu Dhabi-based cybersecurity firm Data7, marks a significant step in Phoenix Group's global diversification strategy. It secures a reliable and sustainable energy source to fuel its long-term growth and underscores a commitment to responsible digital asset infrastructure development.