Icg Enterprise Trust Plc GbpLSE: ICGT

Q1 update for the three months ended 30 April 2026

· Issued by Icg Enterprise Trust Plc Gbp

ICG Enterprise Trust plc
25 June 2026
Q1 update for the three months ended 30 April 2026

Highlights

  • Q1 NAV per Share Total Return of 0.1%. NAV per Share of 2,036p at 30 April 2026

  • Portfolio Return on a Sterling Basis of 0.2% (flat on a Local Currency Basis)

  • Maintaining our investment programme through the cycle: £34m New Fund Commitments and £22m Total New Investments

  • Total Proceeds of £51m, driven by exits from two of our top 30 companies, Curium and Yudo (#4 and #17 respectively at 31 Jan 2026). In the last 3 months, 11 Full Exits executed, at a weighted average Multiple to Cost of 3.1x and Uplift to Carrying Value of 7.3%

  • Robust balance sheet: £225m Total Available Liquidity; £34m Net Debt (£1,327m Portfolio Value)

  • £14m buybacks executed in the quarter, adding 9p to NAV per Share1

  • Q1 dividend per share of 9.5p; Board intends to pay total dividends of at least 42p per share for FY27 (FY26: 39p)

  • 20% reduction in the management fee cap to be implemented over the next two financial years: 1.125% of NAV from 1 February 2027 and 1.00% of NAV from 1 February 2028



1 Figure include both long-term and opportunistic buyback programmes, see page 5 for details

PERFORMANCE OVERVIEW

Annualised

Performance to 30 April 2026

3 months

1 year

3 years

5 years

10 years

Portfolio Return on a Local Currency Basis

0.0%

4.7%

6.6%

11.7%

14.8%

NAV per Share Total Return

0.1%

3.2%

4.7%

9.7%

12.8%

Share Price Total Return

(12.5)%

17.4%

10.9%

7.0%

12.4%

FTSE All-Share Index Total Return

2.1%

25.2%

13.1%

10.8%

8.8%

Portfolio activity overview for Q1 FY27

Primary

Direct

Secondary

Total

ICG-managed

Local Currency return

0.1%

1.4%

(4.1)%

0.0%

(0.4)%

Sterling return

0.2%

1.7%

(3.6)%

0.2%

(0.2)%

New Investments

£16m

£1m

£5m

£22m

£5m

Total Proceeds

£21m

£22m

£8m

£51m

£33m

New Fund Commitments

£34m

£-m

£-m

£34m

£-m

Closing Portfolio value

£697m

£444m

£185m

£1,327m

£370m

% Total Portfolio

53%

33%

14%

100%

28%

ENQUIRIES

Institutional investors and analysts:        
Martin Li, Shareholder Relations, ICG                +44 (0) 20 3545 1816
Nathan Brown, Deutsche Numis                        +44 (0) 20 7260 1426
David Harris, Cadarn Capital                        +44 (0) 20 7019 9042

Media:                                        
Clare Glynn, Corporate Communications, ICG        +44 (0) 20 3545 1850

COMPANY TIMETABLE

A presentation for investors and analysts will be held at 10:30 BST tomorrow (Friday 26 June 2026). A link for the presentation can be found on the Results & Reports page of the Company website. A recording of the presentation will be made available on the Company website after the event.

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