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Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
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HgCapital Trust (HGT) investor relations material
HgCapital Trust Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary15 Sep, 2025
Executive summary
Focused on investing in profitable, growing B2B software and services companies with resilient, recurring revenue models and low customer churn.
30+ year track record as a leading private equity tech investor, with $100bn+ AUM and £2.5bn net assets, managing 57 investments in mission-critical B2B software and tech-enabled services.
Portfolio delivered robust trading with 19% LTM sales growth and 18% EBITDA growth, outperforming quoted peers despite macroeconomic volatility.
Portfolio diversified across sectors like Tax & Accounting, ERP & Payroll, Legal & Compliance, Insurance, Fintech, and Healthcare IT.
£306m invested and £165m realised in H1 2025, maintaining strong liquidity and ongoing deal activity.
Financial highlights
10-year share price CAGR of 19.2% and 10-year outperformance vs. public markets of 12.4% p.a. on a total return basis.
NAV per share at 539.5p (down 0.4% vs H1 2024) and share price at 515.0p (down 3.8%) as of June 2025.
Portfolio delivered 19% LTM sales growth, 18% LTM EBITDA growth, and 33% EBITDA margin.
Realisations YTD 2025 totaled £165m, with an average uplift of 22% over carrying value.
Interim dividend maintained at 2.0p per share; ongoing charges annualised at 1.5% of NAV.
Outlook and guidance
Resilient trading expected to continue, underpinned by mission-critical products and services.
Expectation of continued double-digit earnings growth in the software sector, with M&A as a key driver.
Selective investment in defensive business models to build future value.
Trading momentum anticipated to improve into 2026 as market stabilises.
Challenging exit market, but focus remains on returning cash to clients and leveraging long-term automation trends.
Detail funding strategy for £1.4bn commitments
Justify 7.4x net debt to EBITDA ratio
How does AI drive portfolio value creation?
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Next HgCapital Trust earnings date
Q3 20256 Nov, 2025
Next HgCapital Trust earnings date
Q3 20256 Nov, 2025
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Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
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Amina0781App Store
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@theshortbearx.com
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Frequently asked questions
HgCapital Trust plc is a British investment trust focusing on unquoted investments. The trust aims to offer its investors access to a portfolio of high-growth unquoted companies, with a particular focus on technology. This strategy is implemented through HgCapital, an experienced and well-resourced private equity firm known for its long-term track record of delivering risk-adjusted returns. The company is headquartered in London, England, and its shares are listed on the London Stock Exchange.
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