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ICG Enterprise Trust (ICGT) investor relations material
ICG Enterprise Trust CMD 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Key messages and 2025 performance
Achieved double-digit EBITDA growth and strong realisation activity in 2025, with a robust portfolio performance and proactive management through selective co-investments, secondary sales, buybacks, and dividends.
Maintained a strong balance sheet with low debt and high liquidity, supporting future growth through geographical, sectoral, and vintage diversification.
Portfolio strategy and investment approach
Focused on buyouts in developed markets, primarily North America and Europe, targeting mid-market and larger companies for resilience and management quality.
Access to 15-20 top-tier private equity managers in both North America and Europe, emphasizing resilient strategies and co-investment opportunities.
Invests in companies benefiting from structural growth trends in technology, healthcare, consumer spending, and financial infrastructure.
Capital allocation and shareholder returns
Over the last three years, £499m was deployed in new investments, with £77m in buybacks and £67m in dividends.
Progressive dividend policy with 13 consecutive years of increases and a 10% CAGR from FY21 to FY26; largest buyback programme in the sector, buying back 9% of opening shares since 2022.
- NAV per share rose to 1,925p, with strong returns, robust buybacks, and increased dividend guidance.ICGT
Q1 20253 Feb 2026 - Diversified strategy and disciplined risk management drive strong returns and shareholder value.ICGT
Status Update3 Feb 2026 - Q3 NAV per share up 2.4% to 2,080p, with strong realizations and FY26 dividend guidance at 39p.ICGT
Q3 20262 Feb 2026 - NAV per share reached 1,946p, with strong exits and robust portfolio earnings growth.ICGT
Q2 202519 Jan 2026 - NAV per share up 3.0% in Q3, with robust buybacks and a focus on secondaries and directs.ICGT
Q3 20259 Jan 2026 - 10.5% NAV per Share Total Return, strong exits, and £59m returned to shareholders.ICGT
Q4 202526 Nov 2025 - NAV per share fell 2.6% in Q1, but liquidity, exits, and dividend guidance strengthened.ICGT
Q1 202613 Nov 2025 - Strong H1 with 15% EBITDA growth, £222m proceeds, and a 12.6% share price return.ICGT
Q2 20267 Oct 2025
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