Q3 update for the three months ended 31 October 2025

NAV per Share of 2,080p

Highlights

  • NAV per Share of 2,080p (31 Jul 2025: 2,040p)
  • Q3 NAV per Share Total Return of 2.4%
  • Continuing strong realisation activity: £82m Total Proceeds in Q3
  • Q3 Total New Investments of £25m, bringing YTD Total New Investments to £138m
  • Robust balance sheet: 3% gearing ratio, £230m total available liquidity
  • Q3 dividend of 9p per share; Board increases FY26 dividend guidance to 39p per share (FY25: 36p)
  • In the three years since the launch of the long-term buyback programme in October 2022, ICGT has bought back 8.4% of its
    opening shares, adding 71p (3.5%) to NAV per Share Total Return1
  • The Board reconfirms the long-term share buyback programme is intended to operate at any discount to NAV
  • Strong momentum post period-end into Q42: £75m Total Proceeds;

1 Figures include both long-term and opportunistic buyback programmes
2 Post period-end reflects 1 November 2025 to 29 January 2026

Presentation

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