**Summary**
ICG Enterprise Trust plcs preliminary results for the twelve months ended 31 January 2026 show a mixed performance. The portfolio return on a local currency basis was 4.8%, with a negative FX impact of 3.6% due to GBP appreciation against USD. The NAV per share total return was 0.5%, while the share price total return was 17.3%. The company realized £188m in portfolio net cashflow, with 25% of the opening portfolio value realized during the year.
Key highlights include
* 49 full exits at a weighted-average multiple of cost of 3.0x and uplift to carrying value of 11.2%
* Robust balance sheet with £227m total available liquidity and £33m net debt
* Buybacks of £28m during the yearadding 22p to NAV per share
* Total dividends of 39p per sharean 8% increase YoY
The companys portfolio of mature, profitable private companies remained resilient, with EBITDA growth of approximately 13% over the last twelve months. However, macroeconomic uncertainty has increased post year-end, which may slow transaction activity in the near term.
ICG Enterprise Trust plcs strategy focuses on investing in profitable, cash-generative private companies, primarily in Europe and the US. The company aims to deliver long-term growth by providing access to a unique portfolio of private companies, which is difficult to replicate in public markets.
**Note** The summary is a concise overview of the key points from the provided text, capturing the most important information in a clear and easy-to-understand manner.
| Metric | Jan 2025 | Jan 2026 | Change |
|---|---|---|---|
| Portfolio Return (Local Currency) | 10.2% | 4.8% | -5.4% |
| Portfolio Return (Sterling) | 10.6% | 1.2% | -9.4% |
| NAV (£m) | £1,332m | £1,273m | -£59m |
| NAV per Share Total Return (%) | 10.5% | 0.5% | -10.0% |
| New Investments (£m) | £181m | £194m | +£13m |
| Total Proceeds (£m) | £151m | £382m | +£231m |
| Net Debt (£m) | £128m | £33m | -£95m |
| Total Available Liquidity (£m) | £125m | £227m | +£102m |
| Dividends per Share (p) | 36p | 39p | +3p |