HgCapital Trust reports Q3 NAV of 539.1p, up 2% in quarter

HgCapital Trust Plc (LON:HGT) reported a net asset value per share of 539.1 pence as of September 30, 2026, marking a 2% total return for the third quarter.

The quarterly performance reflected trading gains of 6.6% on the opening NAV, partially offset by a 2.5% decline from lower valuation multiples, along with foreign exchange headwinds and costs.

The portfolio showed revenue growth of 15% and EBITDA growth of 19% on a last twelve months basis as of September 30, 2026, compared with 16% and 19% respectively at June 30, 2026. The portfolio carried an average enterprise value to EBITDA multiple of 22.6 times at September 30, 2026, down from 22.9 times at June 30, 2026.

During the third quarter, HGT invested £28 million while completing £13 million in realisations, including the Quantios exit at a 31% uplift to carrying value. After the period ended, the company announced the sale of Gen II for £71 million.

As of September 30, 2026, HGT held approximately £4 million in cash and had £282 million available on its upsized £450 million revolving credit facility, providing total liquidity of £286 million. The company’s RCF drawings increased to £168 million from £134 million at the interim stage.