DUKE CAPITAL LIMITED - Audited results for the 12 months ended 31 March 2026

Duke Capital Limited reported a solid FY26 investor update with steady company performance driven by recurring cash revenue growth, strong free cash flow, and a maintained quarterly dividend for the ninth consecutive year. Total cash revenue increased to £28.6 million while recurring cash revenue rose 5 percent to £27.1 million, supported by disciplined capital allocation and a resilient portfolio despite challenging macroeconomic conditions. The company invested £21 million into existing portfolio businesses and continued executing its long term growth strategy focused on profitable lower mid market companies. Management highlighted a diversified portfolio, stable valuations, strong dividend coverage, and an attractive hybrid capital model combining senior secured lending with equity participation to generate recurring income and long term capital appreciation. Duke Capital remains focused on capital preservation, EBITDA growth, portfolio exits, shareholder value, and disciplined execution while actively pursuing third party capital opportunities and enhancing portfolio management through AI.