ICG Enterprise Trust Reports Robust EBITDA Growth Amid Market Challenges

ICG Enterprise Trust plc (ICGT) has reported a strong performance for the first half of the fiscal year 2026, concluding in July 2025. According to Hardman & Co Research, ICGT's operating companies achieved an average EBITDA growth of 15% over the last twelve months. Despite a challenging market environment, margins have widened by approximately 5%, with a 10% increase in average revenue. This performance should mitigate concerns regarding market conditions.

Investment activities are set to intensify, with exit proceeds already surpassing the previous fiscal year, adding an average 14% uplift to carrying values. Although first-half fiscal year 2026 returns fell below historical averages, the outlook remains positive, driven by a solid investment pipeline and promising exit visibility. The second quarter performance notably outpaced the first, while ICGT maintains a balanced capital return policy.