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DCI Advisors Narrows Portfolio and Eyes First Capital Return After Heavy Asset Sales

Story Highlights
  • DCI Advisors’ NAV fell 12% to €111.2m with a €15.2m loss, and its shares trade at a steep discount to adjusted asset value.
  • Significant asset disposals, debt reduction and a legal settlement have advanced DCI’s realisation strategy and set up potential shareholder distributions.
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DCI Advisors Narrows Portfolio and Eyes First Capital Return After Heavy Asset Sales

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Dolphin Capital Investors ( (GB:DCI) ) just unveiled an update.

DCI Advisors reported a 12% decline in net asset value to €111.2 million and a net loss of €15.2 million for the 18‑month period to 30 June 2025, largely due to the loss crystallised on the sale of its Aristo Developers interests, while its shares continue to trade at a roughly 60% discount to adjusted NAV. Despite this, the group executed over €45 million of asset realisation transactions in 2025, including the €31.1 million disposal of its stake in DCI Holdings Two and further plot sales in Cyprus, started a formal sale process for The Kilada Golf & Country Club, reduced liabilities and repaid shareholder loans, reshaped its board at the behest of major investors, and secured a value‑accretive legal settlement with former manager Dolphin Capital Partners, positioning the company to generate surplus capital and target its first return of funds to shareholders.

More about Dolphin Capital Investors

DCI Advisors Ltd is an AIM-listed investment company focused on owning and realising a portfolio of complex, largely illiquid land and real estate development assets, primarily in Greece, Cyprus and Croatia. Through subsidiaries and joint ventures, it has historically invested in high-end residential, golf and resort projects, with a current strategy centred on asset disposals and returning capital to shareholders.

Average Trading Volume: 166,971

Technical Sentiment Signal: Sell

Current Market Cap: £43.87M

Learn more about DCI stock on TipRanks’ Stock Analysis page.

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