Half Year 2025 3i Group PLC Earnings Call Transcript
Key Points
- 3i Group PLC (TGOPF) delivered a total return of 10% for the half year, with a net asset value per share of GBP22.61.
- The private equity portfolio showed strong performance, with 94% of the portfolio by value growing earnings over the past 12 months.
- Action, a key investment, reported net sales up 21% and operating EBITDA up 26% for the first nine months of the year.
- The company completed significant disposals, including Nexeye and WP, achieving good returns despite a challenging market.
- 3i Group PLC (TGOPF) increased its stake in Action to 57.9%, reflecting confidence in its long-term growth potential.
- Foreign exchange movements negatively impacted the net asset value by 48p per share.
- The automotive sector and the white-collar recruitment market in North America faced specific sector difficulties, affecting some portfolio companies.
- The share price of 3i Infrastructure has not reflected the strength of the underlying portfolio, which remains a disappointment.
- The company faces challenges from weak growth and political uncertainties in several markets.
- Action's performance was slightly hindered by a negative price effect due to price reductions over the past 21 months.
Good day, and thank you for standing by. Welcome to the 3i Group plc half year results presentation webcast. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand over to the Chief Executive of 3i Group plc, Simon Borrows, to open the presentation. Please go ahead.
Good morning. Welcome to 3i's interim results presentation. This has been another good half for 3i.
We delivered a total return of 10% giving us a net asset value per share at the end of September of [GBP22.61]. And that's after 48p per share loss on foreign exchange translation and the payment of the 34.5p per share, second FY 2024 dividend in July. We ended the half with a gross investment return of 11% from private equity and 3% from infrastructure as well as GBP68 million of cash income.
Our Marimekko chart showing the makeup of the 3i portfolio on a page has continued to develop.Our. Four resilient sectors of value for money, private label
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
