)
Visual22 Oct 2025
Epiroc's cash spent on M&A
ICG Enterprise Trust (ICGT) investor relations material
ICG Enterprise Trust Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary7 Oct, 2025
Executive summary
Focused on mature private equity buyouts in developed markets (North America, Europe), targeting mid-market companies with enterprise values of GBP 250 million–GBP 2 billion, and partnering with top-tier managers for resilience and consistent returns.
Portfolio companies delivered double-digit earnings growth, with 15% LTM EBITDA growth and strong cash generation.
Active portfolio construction emphasizes resilient, non-cyclical sectors such as technology, consumer healthcare, and business services.
Dedicated investment team with over 60 years of combined experience, leveraging the broader ICG network and specialist expertise in LP secondaries.
Share price total return for H1 was 12.6%, with the discount to NAV narrowing from 35% to 27%.
Financial highlights
H1 NAV per share total return was -0.7%, impacted by a -2% negative FX effect in Q1; Q2 NAV per share total return rebounded to 1.9%.
1-year NAV per share total return was 6.7%, and share price total return was 14.1% for the period ending 31 July 2025.
Total proceeds in H1 reached GBP 222 million, surpassing the full-year total for FY2025.
Portfolio value at period end was approximately GBP 1.4 billion.
Portfolio growth on a local currency basis was 2.1% for H1, but only 0.1% in sterling due to FX movements.
Outlook and guidance
Visibility on further exits in the near term, with imminent realizations expected and optimism about the investment environment.
Well-positioned balance sheet and diversified portfolio by geography, sector, and vintage support continued investment and progressive dividend policy.
Board intends to pay at least 38p per share in dividends for FY26, a 6% increase over FY25.
Strong pipeline for secondary and co-investment opportunities, including Project Domino.
Why sell portfolio portion at a 5.5% discount?
Portfolio leverage resilience at 4.7x Net Debt/EBITDA?
Strategy to narrow the 27% share discount?
How does ICG leverage its dual secondaries strategy?
What portfolio characteristics drive exit optionality?
How does EBITDA growth translate to portfolio value?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next ICG Enterprise Trust earnings date
Q3 20264 Nov, 2025
Next ICG Enterprise Trust earnings date
Q3 20264 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
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
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
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
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
ICG Enterprise Trust PLC is a UK-based closed-ended investment company focusing on private equity investments. It operates by investing in private equity funds as well as directly into private companies, with a strategic aim to provide long-term growth. The investment portfolio is diversified across various sectors, including technology, media and telecommunications, consumer goods and services, healthcare, business services, industrials, education, and leisure. A significant part of its investments are in cash-generating companies primarily located in the United States and Europe. ICG Enterprise Trust PLC is headquartered in London, United Kingdom, and its shares are listed on the London Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage