Burford Capital Reports Q4 Loss, Declares Dividend

Burford Capital Ltd reported significant financial declines in its annual 10-K and fourth-quarter earnings, reflecting a challenging year in the legal finance industry. Total revenues decreased by 50% to $546.1 million, with operating income falling by 52% and net income down 68%. In the fourth quarter alone, the company posted a net loss of $12.97 million, a stark contrast to a profit of $100.09 million a year earlier, with revenues dropping from $292.57 million to $93.03 million. Despite these setbacks, Burford's Board of Directors declared a final dividend of $0.0625 per share for the year ended December 31, 2024, pending shareholder approval. CEO Christopher Bogart emphasized strong cash realizations and growth in new business, indicating a potential recovery on the horizon. The company continues to serve a diverse client base, including many of the world's largest law firms, with a legal finance portfolio valued at $7.4 billion.