Publication of monthly factsheet
Summary by AI BETAClose X
19 October 2026
UIL LIMITED
(LEI Number: 213800CTZ7TEIE7YM468)
Publication of monthly factsheet
The latest monthly factsheet for UIL Limited ("UIL" or the "Company") will shortly be available through the Company's website at:
https://www.uil.limited/investor-relations/factsheet-archive
Monthly commentary
PERFORMANCE
UIL's net asset value ("NAV") total return decreased by 5.1% in September, whilst the FTSE All Share Total Return Index was down 1.9%.
During the month, the ASX 200 Index was down by 3.2%, the Euro Stoxx Index decreased by 2.4%, the FTSE 100 Index declined by 2.0% and the S&P 500 Index was down by 0.5%.
Commodity markets were negative during the month, with the exception of Brent crude oil and Copper which were up by 14.4% and 0.4%, respectively. The gold price decreased 6.3%, closing the month at USD 4,157, while nickel was down by 5.6%.
Sterling strengthened against most currencies however it weakened against the US Dollar, depreciating by 2.1% during the month. The New Zealand Dollar was up by 2.8% and the Australian Dollar was up by 1.1% in September.
PORTFOLIO UPDATE
UIL's top ten holdings are disclosed on a look through basis, taking into account the underlying
investments of Zeta Resources Limited. There was one change to the constituents of the top ten holdings during the month with Roxmore Resources being replaced by Mimosa Resources.
Mimosa Resources is an unlisted, majority Zambian-owned, copper development company, progressing the Fishtie copper project (via Kashime Copper Ltd) in partnership with First Quantum Minerals. Fishtie is in Zambia's well-endowed Mkushi District mining hub and currently hosts a mineral resource of over 1.0m tonnes of contained copper. Kashime is advancing metallurgical and technical work to complete a Definitive Feasibility Study in the first half of the year 2027 and anticipates reaching a final investment decision on the project before the end of the second half of 2027.
W1M continues to perform well, and its valuation rose 7.1% reflecting this. Horizon Gold, Resimac and Alliance Nickel saw their share prices decrease 6.2%, 15.4% and 7.4% respectively, reflecting continued volatility in the wider markets.
Following the month end Diraq Pty Limited ("Diraq"), held through Allectus Quantum Holdings, announced that it has been selected by the U.S. Defense Advanced Research Projects Agency to advance to the final stage of the agency's Quantum Benchmarking Initiative. This includes an initial USD 51.0m funding tranche to support Diraq's path to a utility-scale, fault-tolerant quantum computer.
ORDINARY SHARES
UIL's ordinary share price ended the month at 204.00p, no change from the end of August. The discount to NAV narrowed from 28.0% to 23.6% as at 30 September 2026.
UIL's fourth quarterly interim dividend of 2.00p per ordinary share in respect of the year ended 30 June 2026, was declared on 1 September 2026 and paid on 30 September 2026 to shareholders on the register on 11 September 2026.
ZDP SHARES
The 2026 ZDP share price remained the same at 150.50p and the 2028 ZDP share price was down by 0.7% ending the month at 132.50p.
UIL purchased in the market 0.1m 2026 ZDP shares issued by its subsidiary, UIL Finance, at
an average price of 150.94p per 2026 ZDP share. Following these purchases, UIL holds 5.9m 2026 ZDP shares as at 30 September 2026.
UIL started selling in the market 2028 ZDP shares (23,969 shares sold). UIL holds 5.0m 2028 ZDP shares as at 30 September 2026.
Name of contact and telephone number for enquiries:
Charles Jillings
ICM Investment Management Limited +44(0)1372 271486
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