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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
The Law Debenture Corporation
The Law Debenture Corporation (LWDB) investor relations material
The Law Debenture Corporation H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary24 Jul, 2026
Executive summary
Achieved strong performance with NAV total return of 11.4% and share price total return of 16.2% for H1 2026, both outperforming the FTSE All-Share Index by significant margins year-over-year.
Continued 47-year record of maintaining or increasing dividends, with a 6% increase in the first interim dividend to 8.875p per share.
Announced transition in portfolio management: James Henderson to retire in June 2027, with Laura Foll assuming sole management.
Financial highlights
NAV at fair value rose to £1,577.6m (1,183.86p per share) as of 30 June 2026, up from £1,440.4m at year-end 2025.
Group revenue for H1 2026 was £61.5m, with investment income of £25.4m (up from £22.5m in H1 2025).
Net capital gain on investments was £127.7m (H1 2025: £132.4m).
Profit for the period was £152.3m (H1 2025: £155.0m).
Ongoing charges remained low at 0.54%.
Outlook and guidance
Board intends to maintain or increase the total 2026 dividend, building on the 2025 total of 35.5p per share.
IPS business expected to continue mid to high single-digit growth for the full year.
Management remains confident in resilience and long-term value creation despite ongoing geopolitical and macroeconomic uncertainty.
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Latest events from The Law Debenture Corporation
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Next The Law Debenture Corporation earnings date
H2 202626 Feb, 2027
The Law Debenture Corporation
Next The Law Debenture Corporation earnings date
H2 202626 Feb, 2027
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Frequently asked questions
The Law Debenture Corporation plc provides independent professional services to companies, agencies, organizations, and individuals worldwide. The company operates through two segments: Investment portfolio, which provides corporate secretarial services; and Independent Professional Services, which offers corporate trust services, pension trustee services and whistleblowing services.