Business
Q1 update for the three months ended 30 April...
Q1 update for the three months ended 30 April....
About this update from Icg Enterprise Trust Plc Gbp
[{"type":"text","content":"\n\n \n \n\n Q1 update for the three months ended 30 April 2025\n\nICG Enterprise Trust plc24 June 2025Q1 update for the three months ended 30 April 2025 Highlights NAV per Share of 2,011p; LTM NAV per Share Total Return of 6.3% (5 year annualised: 14.8%)Q1 Portfolio Return on a Local Currency Basis of 0.6%, offset by FX, resulting in Portfolio Return on a Sterling Basis of (2.4)% and NAV per Share Total Return of (2.6)%Total Proceeds of £149m, including £62m net proceeds from the sale of a portion of our Portfolio at a 5.5% discount and £48m from sale of Minimax (previously our largest portfolio company holding)1; Total New Investments of £48m£9m of buybacks during the quarter, adding 0.4% (8.4p) to NAV per Share Total ReturnRobust balance sheet: low gearing ratio (3%); €300m revolving credit facility extended to May 2029Q1 dividend of 9p per share; Board intends to pay total dividends of at least 38p per share for FY26 (FY25: 36p)Secondaries are offering some compelling investment opportunities 1 As announced in April 2025, and includes £3m of further Minimax proceeds received in late April 2025 PERFORMANCE OVERVIEW Annualised Performance to 30 April 20253 months1 year3 years5 years10 years Portfolio Return on a Local Currency Basis0.6%10.3%8.4%17.8%15.1% NAV per Share Total Return(2.6)%6.3%6.3%14.8%13.4% Share Price Total Return(12.5)%(0.9)%4.4%12.6%10.3% FTSE All-Share Index Total Return(1.2)%7.5%7.0%10.9%5.8% Portfolio activity overview for Q1 FY26PrimaryDirectSecondaryTotalICG-managed Portfolio Return on a Local Currency Basis0.3%1.5%(0.2)%0.6%1.4% Portfolio Return in Sterling(2.1)%(2.0)%(4.3)%(2.4)%(1.6)% New Investments£25m£14m£8m£48m£28m Proceeds£98m£36m£15m£149m£66m New fund Commitments£76m£—m£—m£76m£21m Closing Portfolio value£699m£475m£211m£1,386m£389m % Total Portfolio50%34%15%100%28% ENQUIRIES Institutional investors and analysts: Martin Li, Shareholder Relations +44 (0) 20 3545 1816Nathan Brown, Deutsche Numis ...