ICG Enterprise Trust Reports Strong Company Performance in FY'24

ICG Enterprise Trust (ICGT) showcased strong performance in their FY'24 financial results, according to a recent report by Hardman & Co Research. The portfolio companies of the trust reported mid-teen EBITDA growth despite a challenging market environment. This growth comes amid wider margins and an economic setting marked by higher interest rates.

The limited investment and realisation activities during the year, approximately half the usual level, resulted in lesser net asset value (NAV) uplift upon exit. However, the long-term returns remain robust, with annualised NAV per share returns of 14.6% and 13.2% over five and ten years respectively. These figures reflect the efficacy of ICGT’s defensive growth strategy and its balanced capital return policy.