Business
Final Results for the year ended 31 December 2025
Logistics Development Group plc reported a profit before tax of £15.0 million for the year ended 31 December 2025, down from £19.8 million in 2024, with underlying EBIT also decreasing to £14.6 million from £18.4 million. The company completed a tender offer returning £21.0 million to shareholders and invested £15 million in WS Holdco to build a national logistics platform. The fair value of investments increased to £107.8 million from £87.2 million, and the estimated net asset value per share stood at 26.7 pence as of 31 December 2025. Subsequent to year-end, the company reallocated £10 million from a Finsbury refinancing to further invest in WS Holdco. Disclaimer*
About this update from Logistics Development Group Plc
[{"type":"text","content":"\n\n \n15 May 2025\nLogistics Development Group plc\n(\"LDG\" or the \"Company\")\nFinal Results for the year ended 31 December 2025\nLogistics Development Group plc, the AIM listed investing company, announces its audited final results for the year ended 31 December 2026.\nYear ended 31 December 2025 Results Summary\n· For the financial year, the Company reported an underlying EBIT1 profit of £14.6m (2024: profit of £18.4m) and a profit before tax of £15.0m (2024: profit before tax of £19.8m).\n· On 10 January 2025, DBAY announced a recommended offer for the entire share capital of Alliance Pharma plc of 62.50p per share representing a 14% increase in value per share compared to LDG's average purchase price and a 37% premium to the valuation as at 31 December 2024. On 10 March 2025, DBAY announced an increase in its offer to 64.75p per share, representing an 18% increase in value per share compared to LDG's average purchase price and a 42% premium to the valuation as at 31 December 2024. The offer, conducted as a scheme of arrangement, became effective on 14 May 2025.\n \n· On 17 March 2025, LDG announced its portfolio data, pursuant to its announced plan to publish quarterly net asset value (\"NAV\") data. As at 31 December 2024, LDG's unaudited estimated NAV per share was 22.3p. An update on the investments was also provided, along with a distribution update in that LDG intended to launch a tender offer in the coming weeks.\n \n· On 28 March 2025, LDG announced a proposed tender offer to return up to £21.0m to shareholders at a tender price of 19.00p per share (the \"Tender Offer\") through the purchase, by the Company, of up to 110,526,315 Ordinary Shares or approximately 21.08% of the voting share capital. At a general meeting of the Company, held on 22 April 2025, the Tender Offer approved by the shareholders and the Tender Offer closed that day. Valid tenders were received for basic entitlements in respect of 105,721,869 Ordinary Shares, which were satisfied in full. Valid excess tenders were scaled back such that the Tender Offer was implemented in full. The 110,526,315 Ordinary Shares tendered were repurchased by the Company and subsequently cancelled, pursuant to which the Company's iss...