Bridgepoint rises on outlook upgrade, new shareholder framework

Bridgepoint shares rose 11% to 385p, their highest level since February 2025. The private equity firm expects 2026 PRE and EBITDA materially above current consensus, with PRE at 37%-39% of total income. It sees PRE at 25%-30% of total income over the medium term and an EBITDA margin around 60% in 2026 and 2027. The company targets total capital returns of 40%-60% of "Cash from Profits" over five years to 2030 under a new shareholder distribution framework starting FY 2027.