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LONDON - ICG Enterprise Trust plc reported a 0.6% portfolio return on a local currency basis for the quarter ended April 30, 2025, which was offset by currency movements resulting in a negative 2.4% return in sterling terms, according to a company press release.
The investment trust’s net asset value (NAV) per share stood at 2,011p, representing a negative 2.6% total return for the quarter. Over the longer term, the company has delivered a 14.8% annualized NAV per share total return over five years.
During the quarter, ICG Enterprise Trust generated total proceeds of £149 million, including £62 million from selling a portion of its portfolio at a 5.5% discount to previous valuation and £48 million from the sale of Minimax, which was previously its largest portfolio company holding.
The company deployed £48 million in new investments during the period, with 58% alongside funds managed by ICG. It also made five new fund commitments totaling £76 million.
ICG Enterprise Trust maintained a robust balance sheet with low gearing of 3% and extended its €300 million revolving credit facility to May 2029. Total (EPA:TTEF) available liquidity at quarter-end was £201.5 million.
The board declared a first quarter dividend of 9p per share and stated its intention to pay total dividends of at least 38p per share for fiscal year 2026, up from 36p in fiscal year 2025.
The company also continued its share buyback program, purchasing 718,000 shares during the quarter, which added 0.4% to NAV per share total return.
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