CT PRIVATE EQUITY TRUST PLC - Annual Results (2025): Manager update

CT Private Equity Trust’s 2025 annual results investor update highlights resilient company performance and consistent financial results despite a challenging macroeconomic backdrop. The trust delivered a net asset value (NAV) total return of 4.7%, in line with the prior year, supported by strong underlying portfolio growth, with revenue and EBITDA increasing 17% and 24% respectively. Realisations remained robust at £80 million, with 49 exits generating an average 3.3x return on cost, while new investments of £60 million reflect continued deployment across attractive private equity opportunities. The portfolio remains well diversified by sector, geography, and vintage, with a growing allocation to co-investments (39%) and strong exposure to high-growth areas such as technology and healthcare. A quarterly dividend of 7.1p reinforces a 5% yield and extends the trust’s track record of consistent dividend growth. While deal activity and valuations were impacted by geopolitical uncertainty and market volatility, the trust maintains a strong balance sheet, moderate leverage, and significant liquidity to support its growth strategy. With a maturing portfolio, a healthy pipeline of exits, and disciplined capital allocation, CT Private Equity Trust is well positioned to benefit from improving market conditions, drive NAV growth, and deliver long-term shareholder returns through both capital appreciation and income.