3i Group (III) investor relations material

Executive summary

• NAV per share increased to 3,131 pence at 30 June 2026, up from 3,030 pence at 31 March 2026, with a total return of 3% for the quarter despite a £276 million negative FX impact.

• Action, the largest portfolio company, delivered strong growth with net sales and operating EBITDA up 14% and 13% year-over-year for the six months ending 28 June 2026.

• Private Equity portfolio companies, including Royal Sanders and Audley Travel, performed in line with expectations, with new investment in Nutergia and bolt-on acquisitions by Evernex.

• 3i Infrastructure plc (3iN) share price rose 13% in the quarter, and 3i recognised £18 million in dividend income from 3iN.

• A share buyback programme of up to £750 million commenced in May 2026, with £344 million spent by 21 July 2026.

Financial highlights

• Gross cash at 30 June 2026 was £724 million, with net debt at £481 million and gearing at 2%.

• Diluted NAV per share rose to 3,131 pence, or 3,083 pence after deducting the FY2026 dividend.

• Action paid a €450 million dividend to shareholders, with 3i receiving £254 million.

• Total investment portfolio value reached £32,409 million, with the top 10 investments comprising 91% of the portfolio.

Outlook and guidance

• Action remains on track to add at least 400 stores in 2026, with 121 net new stores added in the first half.

• The next market update will be the half-year results in November 2026.