Parvus Energy Efficiency Trust (AEET) investor relations material

Executive summary

• Managed run-off advanced with five investment realisations generating £2.3m; repayment agreements also progressed for remaining Superbonus exposures.

• On 10 April, the investment advisory and AIFM agreements ended; the trust became a self-managed AIF, with consultants continuing portfolio realisations.

Financial highlights

• Group investment income was £1.064m versus £1.880m YoY; net loss was £0.658m versus £1.170m profit, including £2.690m of investment losses.

• Revenue profit was £1.931m, including £2.184m impairment write-backs; excluding £2.5m of write-backs on written-off investments, revenue result was a £0.5m loss.

• Net assets were £35.216m at 30 June; cash and cash equivalents were £12.191m, including £2.5m collateral for FX hedging.

• Cash receipts from investment repayments were £4.736m; £2.3m was received from five completed realisations during the period.

Outlook and guidance

• Priority remains timely, cost-effective asset realisations and maximising shareholder returns; exits are generally negotiated asset by asset.

• Repayment of remaining investments on agreed schedules by end-2026 or under original contracts could support a 15.7% unlevered average return and recovery of £4.2m ECL provisions.

• A 6.5p interim dividend was declared, payable 2 November 2026 to shareholders on the 9 October register.