Business
Q3 update for the three months ended 31 Octob...
ICG Enterprise Trust plc reported a NAV per Share of 2,080p for the three months ended 31 October 2025, a 2.4% total return for the quarter, and strong realisation activity generating £82m in total proceeds. New investments totalled £25m year-to-date, with the company maintaining a robust balance sheet with 3% gearing and £230m in available liquidity. The Board declared a Q3 dividend of 9p per share and increased FY26 dividend guidance to 39p per share, up from 36p in FY25. Since October 2022, the company has repurchased 8.4% of its opening shares, adding 71p to NAV per Share Total Return. Post-period, from November 2025 to January 2026, the company saw £75m in total proceeds and £43m in new investments. Disclaimer*
About this update from Icg Enterprise Trust Plc Gbp
[{"type":"text","content":"\n\n \n \n\n Q3 update for the three months ended 31 October 2025\n\nICG Enterprise Trust plc30 January 2026Q3 update for the three months ended 31 October 2025 Highlights NAV per Share of 2,080p (31 Jul 2025: 2,040p)Q3 NAV per Share Total Return of 2.4%Continuing strong realisation activity: £82m Total Proceeds in Q3Q3 Total New Investments of £25m, bringing YTD Total New Investments to £138mRobust balance sheet: 3% gearing ratio, £230m total available liquidityQ3 dividend of 9p per share; Board increases FY26 dividend guidance to 39p per share (FY25: 36p)In the three years since the launch of the long-term buyback programme in October 2022, ICGT has bought back 8.4% of its opening shares, adding 71p (3.5%) to NAV per Share Total Return1The Board reconfirms the long-term share buyback programme is intended to operate at any discount to NAVStrong momentum post period-end into Q42: £75m Total Proceeds; £43m Total New Investments; and £76m New Fund Commitments (including $90m/£67m to ICG LP Secondaries II) 1 Figures include both long-term and opportunistic buyback programmes, see page 5 for details; 2 Post period-end reflects 1 November 2025 to 29 January 2026 PERFORMANCE OVERVIEW Annualised Performance to 31 October 20253 months1 year3 years5 years10 years Portfolio Return on a Local Currency Basis1.6%6.7%6.7%14.9%14.7% NAV per Share Total Return2.4%6.1%4.5%12.8%13.6% Share Price Total Return3.9%28.1%18.4%16.4%12.4% FTSE All-Share Index Total Return6.6%22.5%14.7%14.7%8.0% Portfolio activity overview for Q3 FY26PrimaryDirectSecondaryTotalICG-managed Local Currency return1.6%1.2%2.6%1.6%3.2% Sterling return2.4%1.8%3.2%2.3%4.0% New Investments1£20m£7m£(2)m£25m£(2)m Total Proceeds£46m£2m£35m£82m£6m New Fund Commitments£—m£—m£—m£—m£—m Closing Portfolio value£701m£480m£210m£1,391m£435m % Total Portfolio50%35%15%100%31% 1 Secondaries (£(2)m) reflect a recallable capital contribution as opposed to an income distribution ENQUIRIES Institutional investors and analysts:Martin Li, Shareholder Relations+44 (0) 20 3545 1816 Nathan Brown, Deutsche Numis+44 (0) 20 7260 1426 David Harris, Cadarn Capital+44 (0) 20 7019 9042Media:Clare Glynn, Corporate Communications, ICG+44 (0) 20 3545 1850 COMPANY TIMETABLE A prese...