Edison issues report on HgT (HGT)

Summary by AI BETAClose X

HgT reported a 2.0% NAV total return (TR) in Q3 2026 after 0.5% in Q2, taking NAV per share to 539.1p and limiting the year-to-date NAV TR decline to 3.1%; strong trading added 5% to gross portfolio value in Q3 (15% YTD) which offset a c.2% hit from lower comparable multiples. Last-12-month revenue and EBITDA grew 15% and 19% y/y (organic +11% and +17%) with an EBITDA margin of 35% (June 2026: 34%). Weighted average EV/EBITDA declined to 22.6x (end-2025: 25.2x) while average net debt/EBITDA improved to 6.7x (7.4x).

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