Response re. Share Price: Operational Update

Duke Capital Limited

21 October 2026

 

21 October 2026

Duke Capital Limited

("Duke Capital", "Duke" or the "Company")

Response re. Share Price Movement & Operational Update

Duke Capital Limited (AIM: DUKE), a leading provider of hybrid capital solutions for SME business owners in Europe and North America, notes the recent share price movement and is pleased to provide the following operational update.

• Total cash revenue for the quarter ending September 30th was £7.0m, in line with the previous quarter
• The H1 interim dividends totalling 1.4p was covered by free cashflow for the Interim period
• Duke has a broad portfolio across different industries and geographies, which seeks to demonstrate diversification and resilience through the economic cycle. 
• The portfolio reorganisations referred to in FY26 accounts have made substantial progress, with materially loss-making divisions in two Duke investments now exited.  As the UK market continues to be challenging, we do expect lower recurring revenue to be generated within our UK portfolio in H2 with the key focus of the investment team currently being on improving the performance of the UK portfolio into next year.
• Similarly, as referenced in the FY26 accounts, Duke has two capital partners who are in late-stage processes for exits which, if concluded, could have a material positive impact on market expectations for FY27 total cash revenue.
• The Directors believe that the current share price sits at a material discount to the current NAV.

Updates on any material developments in relation to either reorganisations and/or exits will be released to the market in due course, and our Interim Accounts will be released 3 December 2026.

***ENDS***

For further information, please visit https://dukecapital.com/ or contact:

Duke Capital Limited	Neil Johnson / Charles Cannon Brookes / Hugo Evans	[phone]
Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)	Stephen Keys / Callum Davidson / Michael Johnson	[phone]
Canaccord Genuity Limited (Joint Broker)	Adam James / Harry Rees	[phone]

About Duke Capital

Duke is a leading provider of hybrid capital solutions for SME business owners in Europe and North America, combining the best features of both equity and debt.

Since 2017, Duke has provided unique long-term financing which eliminates re-financing risk and necessity for a short-term exit by providing a unique 'corporate mortgage' while also aligning its returns to grow with the success of the business.

Duke is focused on generating attractive risk-adjusted returns for shareholders and has a track record of achieving this across market cycles. Its three investment pillars are capital preservation, attractive dividend yield, and to provide upside upon exits.

Duke is listed on the AIM market under the ticker DUKE and is headquartered in Guernsey.

 

END