Corrected: UK's B.P. Marsh & Partners half-year profit falls yr/yr
CORRECTED-UK's B.P. Marsh & Partners half-year profit falls yr/yr Corrects operating expenses figure in Key Details table to GBP 8.16 mln from GBP -8.16 mln
Overview
UK private equity investor's half-year profit before tax fell yr/yr to £22.8 mln
NAV rose to £372.2 mln from £360.2 mln at end-January
Company paid £13.0 mln in dividends and launched £2.0 mln share buyback
Outlook
Company intends to pay at least £7.0 mln in dividends for year ending Jan 2028
Company says it is well positioned to pursue new investments and shareholder returns
Company sees opportunities from sector consolidation and maturing portfolio for capital recycling
Result Drivers
CAPITAL RECYCLING - Co said results were driven by converting portfolio value into cash, returning capital to shareholders, and reinvesting in new and existing investments
INCOME-GENERATING STRUCTURES - Growth in loan book and preferred returns from investments contributed to higher portfolio income
PORTFOLIO VALUE GAINS - Broad-based increases in portfolio company valuations, notably ATC, Sodalis, Oneglobal, Volt, Ai Marine and Devonshire, supported NAV growth
Company press release: ID:nRST5713Za
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 EPS |
| GBP 0.63 |
|
H1 Net Income |
| GBP 23.62 mln |
|
H1 Basic EPS |
| GBP 0.66 |
|
H1 Operating Expenses |
| GBP 8.16 mln |
|
Reuters Recommended Reads
Oct 19 - UK's PHP forms joint venture with Singapore's GIC to cut debt
Oct 19 - UK luxury brand Mulberry posts 18% rise in first-half sales, shares gain
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)