ICG Enterprise Trust (LON:ICGT) Announces Quarterly Earnings Results

Key Points

• Strong long-term performance: Five-year NAV per share total return was about 10% annualized (share price +13% annualized) and the portfolio delivered ~11.8% annualized returns on a local-currency basis over five years.
• High and profitable realizations and shareholder returns: FY26 realizations were £382m from 49 full exits at ~3x cost (11% uplift to carrying value), while the ordinary dividend rose to £0.39 (+8% YoY, 13th consecutive increase) and the board returned £51m including buybacks that cut share count ~3%.
• Conservative balance sheet but notable FX headwind: Available liquidity stood at £227m with net debt ~£33m (~2.5% of portfolio) and a low overcommitment ratio, yet a stronger sterling produced an estimated ~3.6% FX drag, leaving one-year NAV per share total return of just 0.5% despite a 4.8% local-currency portfolio return.

ICG Enterprise Trust (LON:ICGT - Get Free Report) announced its earnings results on Thursday. The company reported GBX (3.55) earnings per share for the quarter, Digital Look Earnings reports. ICG Enterprise Trust had a net margin of 69.87% and a return on equity of 5.07%. The company had revenue of GBX 231 million for the quarter.

Here are the key takeaways from ICG Enterprise Trust's conference call:

• Strong long-term performance: Five-year NAV per share total return was c.10% annualized (share price +13% annualized) and the dedicated team delivered c.11.8% annualized portfolio returns on a local currency basis over five years.
• High and profitable realizations: FY26 realizations were £382m with 49 full exits at an average ~3x cost and an 11% uplift to prior carrying value, producing a ~25% realization rate versus a ~14% market backdrop.
• Committed capital returns to shareholders: Ordinary dividend rose to £0.39 (13th consecutive increase, +8% YoY) and the board returned £51m (≈4% of opening NAV) including buybacks that cut share count ~3% in the year.
• Conservative balance sheet and high liquidity: Available liquidity of £227m, net debt ~£33m (≈2.5% of portfolio value) and a low overcommitment ratio (32%) give flexibility to invest, maintain vintage diversification and continue buybacks/dividends.
• Significant FX headwind this year: A sharp sterling strengthening created an estimated ~3.6% foreign-exchange drag, leaving a one-year NAV per share total return of only 0.5% despite a 4.8% local-currency portfolio return.

ICG Enterprise Trust Stock Up 0.3%

ICGT traded up GBX 4 during midday trading on Thursday, reaching GBX 1,384. The company's stock had a trading volume of 41,187 shares, compared to its average volume of 104,588. ICG Enterprise Trust has a 1 year low of GBX 1,192.59 and a 1 year high of GBX 1,611.42. The stock's 50-day moving average is GBX 1,362.56 and its 200-day moving average is GBX 1,462.21. The firm has a market capitalization of £847.76 million, a price-to-earnings ratio of 13.75 and a beta of 0.51. The company has a current ratio of 0.23, a quick ratio of 0.35 and a debt-to-equity ratio of 6.98.

Insider Buying and Selling at ICG Enterprise Trust

In other ICG Enterprise Trust news, insider Adiba Ighodaro bought 169 shares of ICG Enterprise Trust stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of GBX 1,371 per share, with a total value of £2,316.99. Also, insider Alastair Bruce bought 1,000 shares of the firm's stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of GBX 1,302 per share, with a total value of £13,020. 0.83% of the stock is owned by company insiders.

ICG Enterprise Trust Company Profile

ICG Enterprise Trust is focused exclusively on investing in buyouts in North America and Europe. Through our experience, global network and focus on defensive growth, we seek to deliver attractive long-term returns.

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