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ICG Enterprise Trust Lifts NAV, Raises Dividend Guidance on Strong Q3 Realisations

Story Highlights
  • ICG Enterprise Trust posted higher NAV and solid Q3 returns, with strong realisations and modest new investments supporting a robust, low-geared balance sheet.
  • The board raised full-year dividend guidance and reaffirmed its at-discount buyback programme, highlighting continued emphasis on capital discipline and shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ICG Enterprise Trust Lifts NAV, Raises Dividend Guidance on Strong Q3 Realisations

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The latest update is out from ICG Enterprise Trust PLC GBP ( (GB:ICGT) ).

ICG Enterprise Trust reported a solid third quarter to 31 October 2025, with net asset value (NAV) per share rising to 2,080p and delivering a 2.4% NAV total return, supported by strong realisation activity and disciplined new investment. The portfolio generated £82m in proceeds against £25m of new investments in the period, leaving the trust with a robust balance sheet, including a low 3% gearing ratio and £230m of available liquidity, while post-period momentum continued with further significant disposals, new investments and fresh fund commitments. The board declared a Q3 dividend of 9p per share and raised full-year 2026 dividend guidance to 39p, and it reaffirmed its long-term share buyback programme—which has retired 8.4% of opening shares since October 2022 and added an estimated 71p to NAV per share total return—as a tool to be used at any discount to NAV, underscoring a continued focus on capital discipline and shareholder value.

The most recent analyst rating on (GB:ICGT) stock is a Buy with a £1678.00 price target. To see the full list of analyst forecasts on ICG Enterprise Trust PLC GBP stock, see the GB:ICGT Stock Forecast page.

Spark’s Take on GB:ICGT Stock

According to Spark, TipRanks’ AI Analyst, GB:ICGT is a Neutral.

The score is driven mainly by solid financial flexibility (low leverage) but tempered by materially inconsistent cash generation, including negative operating/free cash flow in 2025. Technical indicators point to weak near-term momentum, while valuation looks reasonable and corporate actions (buybacks below NAV plus liquidity-boosting realisations) provide additional support.

To see Spark’s full report on GB:ICGT stock, click here.

More about ICG Enterprise Trust PLC GBP

ICG Enterprise Trust plc is a listed private equity investor focused on generating long-term growth by investing in profitable, cash-generative private companies, primarily in Europe and the US. The trust deploys capital both directly into companies and through funds managed by ICG plc and other leading private equity managers, targeting value creation via active management and strategic change, with ICG Alternative Investment Limited acting as its manager.

Average Trading Volume: 66,941

Technical Sentiment Signal: Buy

Current Market Cap: £947.3M

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

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