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Schroders Capital Global Innovation Trust (INOV) investor relations material
Schroders Capital Global Innovation Trust H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
NAV per share rose 11.5% year-over-year to GBP 0.2223 as of 31 December 2025.
Share price increased 38.2% year-over-year to GBP 0.152.
GBP 37 million was returned to shareholders via share repurchases and cancellations.
Managed wind down strategy continued, focusing on maximizing exit value and prudent reserving.
Financial highlights
NAV per share increased from GBP 0.1994 to GBP 0.2223 during 2025.
Total NAV declined from GBP 162.4 million to GBP 141.2 million due to capital returns.
Portfolio delivered just over a 10% return since Q3 2024, realizing nearly 30% of starting NAV.
GBP 36 million realized from portfolio in 2025; GBP 5 million in follow-on investments.
Cash balance at year-end was GBP 24 million.
Outlook and guidance
Board plans to return another GBP 18 million to shareholders in H1 2026.
Additional capital returns expected annually, with potential for ad hoc tenders.
No material realizations expected until 2028.
- NAV fell 25.2% as legacy assets dragged, but new exits drove strong returns; GBP 30m to be returned.INOV
H2 202426 Dec 2025 - NAV and share price rebounded strongly as asset realisations enabled a £37m capital return.INOV
H1 202529 Sep 2025 - NAV fell 17.1% as portfolio shifts to private equity, with major exits and ongoing buybacks.INOV
H1 202413 Jun 2025
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