UIL Limited reports 8.3% NAV decline in February

LONDON - UIL Limited (LEI: 213800CTZ7TEIE7YM468), an investment company, experienced a decrease in its net asset value (NAV) total return of 8.3% in February, underperforming the FTSE All Share total return Index, which saw an increase of 1.3%. This information was disclosed in the company’s latest monthly factsheet, which will be available on the company’s website.

The broader market context in February was influenced by global events including the inauguration of Donald Trump as President of the United States and the release of a new artificial intelligence (AI) product by China’s DeepSeek. These events, among others, impacted investor sentiment and market performance.

In the United States, the NASDAQ Composite and the S&P 500 indices fell by 4.0% and 1.4% respectively, amid concerns over Trump’s trade policies and potential inflationary effects. Conversely, European markets saw gains, with the FTSE 100 and Eurostoxx indices rising by 1.6% and 3.3%. The Australian ASX 200 index dropped by 4.2%.

Chinese markets, buoyed by excitement in AI advancements, saw the Hang Seng Index surge by 13.4%. The MSCI Poland Index also rose by 6.6%, driven by optimism for a ceasefire between Russia and Ukraine. Political issues in Indonesia led to an 11.8% fall in the Jakarta Stock Exchange Index, while India’s SENSEX Index declined by 5.6%.

Commodity prices varied, with gold and copper prices increasing by 2.1% and 5.5%, respectively, while Brent Crude oil prices fell by 4.7%. Currency movements saw the Sterling strengthen against the US Dollar, Euro, and Australian Dollar.

In UIL’s portfolio, Carebook Technologies entered the top ten holdings after being taken private by UIL. The company’s largest holding, Resimac, saw its share price fall by 9.8% following an increase in loan impairment provisions in its first half 2025 results.

UIL’s ordinary share price remained stable at 116.50p in February, and the company repurchased 88,069 shares at an average price of 114.96p. A second quarterly interim dividend of 2.00p per ordinary share for the year ending June 30, 2025, was declared and is set to be paid on April 25, 2025, to shareholders on record as of March 28, 2025.

The 2026 ZDP shares edged up by 0.8% to 131.50p, while the 2028 ZDP shares experienced a slight decrease of 0.5% over the month. These details are based on a press release statement from UIL Limited.

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