Personal Assets Trust plc (PNL.L) on Tuesday reported improved performance for the six months ended 31 October 2025, supported by gains on investments.
Profit before tax for the first half rose to £92.54 million from £56.14 million a year earlier.
The company recorded gains on investments of £92.08 million in the 2025 period compared with losses of £21.023 million a year earlier.
Net income increased significantly to £91.60 million, from £53.61 million in the first half of 2024, reflecting both higher capital returns and lower tax charges.
Earnings per share strengthened to 29.11 pence, up from 16.09 pence in the corresponding period of 2024.
Total income for the period climbed to £98.13 million from £61.77 million in the prior-year period. Investment income, however, decreased to £13.65 million from £21.06 million.
Net asset value (NAV) total return for the six months to October 31, 2025 was 5.6%, with NAV per share standing at 540.24 pence at the period end.
The company said a third interim dividend of 1.4 pence per share will be paid on January 23, 2026, and the Board intends to declare a fourth interim dividend of 1.4 pence per share for payment in April 2026.
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