Finsbury Growth & Income Trust PLC (FGT.L) on Wednesday posted a pre-tax loss for the full year.
For the 12-month period to September 30, the company posted a pre-tax loss of GBP 13.895 million, compared with a return before taxation of GBP 108.407 million last year.
Loss after taxation stood at GBP 13.885 million as against the prior year's return after taxation of GBP 108.178 million. Loss per share was 9.4 pence, compared with a return per share of 57.7 pence per share in 2024.
Loss before finance charges and taxation was GBP 12.076 million, compared with the return before finance charges and taxation of GBP 110.630 million. Income slipped to GBP 31.476 million from GBP 43.160 million in the previous year.
Losses on investments at fair value through profit or loss were GBP 34.706 million as against last year's gain of GBP 78 million.
Net asset value per share was 923 pence, less than 943.4 pence per share a year ago. Net assets slipped to GBP 1.227 billion from GBP 1.582 billion in the prior year.
Looking ahead, Finsbury Growth & Income Trust said: "The Board is pleased to confirm that it has agreed amendments to the fee arrangements with the AIFM and Portfolio Manager, with effect from 1 January 2026. The revised structure will deliver an immediate cost saving of c.£600,000 per annum."
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