Hardman & Co Research on ICG Enterprise Trust plc: Mid-teens EBITDA growth and long-term returns

Summary by AI BETAClose X

ICG Enterprise Trust's 1HFY'26 results, to July 2025, revealed that operating companies delivered a 15% average LTM EBITDA growth. Margins have widened by approximately 5%, supported by average revenue growth of 10%. Realisation proceeds have already surpassed FY'25 figures, demonstrating an average 14% uplift to carrying values upon exit. While short-term volatility is expected and 1HFY'26 returns were below historical averages, the outlook is positive, driven by visibility on exits and an attractive investment pipeline, with 2Q performing well ahead of 1Q.

Disclaimer*

UK 100

Latest directors dealings