HGcapital Trust plc announce an interim dividend of 2.0p per share.
The interim dividend proposed in respect of the year ending 31 December 2026 is 2.0 pence per share.
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Ex-dividend date (date from which shares are transferred without dividend) |
24 September 2026 |
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Record date (last date for registering transfers to receive the dividend) |
25 September 2026 |
Other financial highlights include:
● NAV per share of 530.7 pence (unaudited)
● NAV per share total return of ‑4.9% for H1 2026, with net assets of £2.4 billion
● Share price total return of -24.9%, with market capitalisation of £1.7 billion
● Interim dividend of 2.0p per share (2025 interim dividend 2.0p per share)
● LTM revenue and EBITDA growth of 16% and 19% (organic growth of 11% and 17%) respectively for the portfolio, with EBITDA margins of 34%
● Reduction in weighted portfolio average valuation multiple (EV/EBITDA) from 25.2x at 31 December 2025 to 22.9x3 at 30 June 2026
● Reduction in net debt to EBITDA ratio to 6.9x (31 December 2025: 7.4x)
● Total investments of £146 million and gross realisations of £134 million during the period
● Full exits completed at an average uplift of 31% to prior carrying value, above the 10-year average uplift figure of 29%
● Available liquid resources of £254 million (including a £375 million credit facility*, of which £134 million was drawn as at 30 June 2026)
● Outstanding commitments to Hg funds of £2.0 billion, of which £1.8 billion is expected to be called over the next four to five years
● Share buybacks of £19 million over the period
● Hg announced its intention to increase its aggregate strategic ownership of HgT from c.6% to more than 15% over the medium term, with on market purchases now underway
