Capital Gearing Trust Plc (CGT.L), the FTSE 250 investment trust, reported Thursday higher net return in its fiscal 2025, with net gains on investments and growth in investment income. The company also announced higher dividend.
In the full year, net return before tax grew to 36.03 million pounds from last year's 16.96 million pounds.
Net return per Ordinary share was 179.85 pence, up from 56.49 pence a year ago.
Revenue return before tax was 21.57 million pounds, higher than 20.18 million pounds last year. Revenue net return per Ordinary share was 107.54 pence, compared to 69.74 pence a year ago.
Net asset value or NAV per Ordinary share was 4,924.8 pence, compared to 4,810.5 pence last year.
Gross return climbed to 41.50 million pounds from prior year's 22.32 million pounds. Investment income was 26.69 million pounds, higher than 25.15 million pounds a year ago.
Net gains on investments was 13.06 million pounds, compared to prior year's losses of 3.11 million pounds.
Further, Capital Gearing Trust said its Board has recommended a final dividend of 102 pence per share which will be paid, subject to shareholder approval, on July 8 to shareholders on the register on June 6. The total distribution represents an increase of 30.8% from the 78p paid last year.
The company noted that Chairman Jean Matterson, will be standing down at the forthcoming AGM on July 3. Karl Sternberg will succeed her as Chairman.
Looking ahead, Matterson said, "As we look ahead, the global investment environment continues to be marked by elevated levels of uncertainty. Persistent inflationary pressures, fluctuating interest rates, and ongoing geopolitical tensions, most recently exacerbated by President Trump's trade tariffs, are reshaping market dynamics.... Whilst the coming year will be incredibly difficult for active managers to navigate, your Investment Manager's cautious stance on equities and focus on high-quality bonds should ensure that the Company remains a relatively safe haven for your money as we aim to limit drawdowns and yet keep pace with inflation."
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