Business
FY2026 Q3 performance update
3i Group plc reported a strong performance for the nine months ending December 31, 2025, with NAV per share increasing to 3,017 pence and a total return of 20%. The company's key investment, Action, achieved net sales of €16,000 million and operating EBITDA of €2,367 million in the 52 weeks to December 28, 2025, representing 16% and 14% growth respectively, and added a record 384 net new stores. 3i also completed the disposal of MAIT for £147 million, a 34% uplift on its valuation, and received £944 million in proceeds from Action's capital restructuring, reinvesting £755 million to increase its stake to 62.3%. The company ended the period with strong liquidity, holding £995 million in gross cash and a gearing of 1%. Disclaimer*
About this update from 3i Group Plc
[{"type":"text","content":"\n\n \n \n29 January 2026\n3i Group plc\nFY2026 Q3 performance update\n \n \nAnother period of good performance\n \n· Increase in NAV per share to 3,017 pence at 31 December 2025 (30 September 2025: 2,857 pence). Total return of 20% for the nine months to 31 December 2025, after a positive foreign exchange translation impact of £766 million, or 78 pence.\n \n· In the 52 weeks to 28 December 2025, Action generated net sales and operating EBITDA1 of €16,000 million and €2,367 million respectively, 16% and 14% ahead of 2024. Operating EBITDA was €2,393 million after adding back a one-off expense of €26 million relating to a one-off payment to staff following Action's 3,000th store opening.\n \n· Action added a record 384 net new stores in the year (13% store growth for the year). New store performance continues to exceed expectations.\n \n· Action's like-for-like (\"LFL\") sales growth was 4.9% in the year (2024: 10.3%), a strong result albeit impacted by a cautious consumer in France. The new year has started well, with Action's LFL sales growth at 6.1% for P1, the first four weeks of January 2026.\n \n· In France, October 2025 and November 2025 LFL sales decreased by mid-single digit percentages but recovered to a flat performance in December 2025 with good seasonal sales, and to 2.1% LFL growth for P1, the first four weeks of January 2026.\n \n· Following Action's capital restructuring and pro-rata redemption of shares in October 2025, 3i received £944 million of gross proceeds, of which £755 million was redeployed to acquire a further 2.2% stake in Action, taking our total stake to 62.3% at 31 December 2025.\n \n· 3i received a dividend from Action of £246 million in December 2025. After this distribution, Action ended 2025 with a cash balance of €807 million.\n \n· Across the remaining portfolio, we continued to see good contributions from some of our consumer and private label portfolio companies, including Royal Sanders and Audley Travel.\n \n· In the quarter, we completed the disposal of MA...