Oakley Capital Investments (OCI) H1 2025 TU earnings summary

Executive summary

• Net Asset Value (NAV) per share reached 742 pence, with total NAV of £1,275 million for the six months ended 30 June 2025.

• Total NAV return per share was 7% (+49 pence) since 31 December 2024, with a total shareholder return of 2.7%.

• Portfolio performance was driven by the agreed exit from vLex at a $1 billion valuation and strong EBITDA growth in Bright Stars, TechInsights, Phenna Group, and North Sails.

Financial highlights

• Investments totaled £54 million, with proceeds of £6 million during the period.

• Share buybacks of approximately £21.4 million completed out of a £50 million 2025 programme.

• Cash and undrawn credit facilities stood at £257 million as of 30 June 2025.

• NAV growth included a 6 pence contribution from the ongoing share buyback programme.

Outlook and guidance

• Anticipated completion of the vLex sale in H2 2025, with expected proceeds of around £30 million.

• First significant capital drawdown for Fund VI not expected until late 2026.

• Unaudited interim results for the six months to 30 June 2025 to be reported on 11 September 2025.