Burford Capital Ltd balance sheet
At the end of fiscal 2025, Burford Capital Ltd had total assets of $6.64bn, total liabilities of $3.51bn and shareholders' equity of $2.45bn. It held $566m in cash against $2.15bn of debt: net debt of $1.59bn.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 178 | 322 | 180 | 108 | 221 | 470 | 566 | 697 |
| Goodwill | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 |
| Total assets | — | 3,268 | 3,742 | 4,288 | 5,837 | 6,175 | 6,641 | 4,272 |
| Long-term debt | 665 | 677 | 1,036 | 1,269 | 1,535 | 1,764 | 2,128 | 2,403 |
| Total debt | 665 | 677 | 1,036 | 1,269 | 1,535 | 1,784 | 2,154 | 2,435 |
| Total liabilities | — | 1,244 | 1,633 | 1,901 | 2,630 | 2,918 | 3,513 | 2,804 |
| Shareholders' equity | 1,873 | 1,763 | 1,696 | 1,743 | 2,291 | 2,419 | 2,448 | 819 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 260 | 412 | 644 | 917 | 837 | 680 | 649 |
| Net debt (negative = net cash) | 487 | 355 | 856 | 1,161 | 1,314 | 1,314 | 1,587 | 1,738 |
| Shares outstanding | — | 219m | 219m | 219m | 219m | 219m | 219m | 220m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | — | 134 | 134 | 134 | 134 | 134 | 134 | 134 |
| Total assets | — | 6,175 | 6,181 | 6,327 | 6,685 | 6,641 | 4,270 | 4,272 |
| Long-term debt | — | 1,764 | 1,765 | 1,780 | 2,143 | 2,128 | 2,402 | 2,403 |
| Total debt | — | 1,764 | 1,765 | 1,780 | 2,143 | 2,128 | 2,402 | 2,403 |
| Total liabilities | — | 2,918 | 3,020 | 3,098 | 3,497 | 3,513 | 2,756 | 2,804 |
| Shareholders' equity | 3,297 | 2,419 | 2,434 | 2,503 | 2,497 | 2,448 | 828 | 819 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 837 | 726 | 725 | 691 | 680 | 686 | 649 |
| Shares outstanding | — | 219m | 218m | 219m | 219m | 219m | 219m | 220m |
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