Exail Technologies S.A.

ICG Enterprise Trust plc reported a NAV per Share Total Return of 3.3% for the six months ended 31 July 2026, with NAV per Share at 2,091p and a Portfolio Return on a Sterling Basis of 3.6%. The Portfolio was valued at £1,383m at period end, and Total Proceeds reached £84m, of which £32m came from exits of two of the trust's top 30 companies, Curium and Yudo, while a further roughly £70m of proceeds is expected in coming quarters from two further large exits, Exail and Ambassador Theatre Group. The trust made Total New Investments of £65m and New Fund Commitments of £104m, and executed £20m of buybacks in the period, increasing NAV per Share by 14.9p, or 0.7%. The Board declared a second-quarter dividend of 9.5p per share, taking total dividends for the period to 19p, and reiterated its intention to pay total FY27 dividends of at least 42p per share against FY26's 39p. The period included 24 Full Exits at a weighted-average Multiple of Cost of 3.0x and an Uplift to Carrying Value of 9.4%, while underlying portfolio companies grew LTM revenue 11% and EBITDA 16% on an Enlarged Perimeter covering 69% of the Portfolio.

France's CAC 40 index ended marginally higher on Monday, adding 10.72 points or 0.13% to 8,518.79, as easing geopolitical concerns and expectations of steady central bank rates supported sentiment. Thales climbed 2% after agreeing to buy the Gorge family's 35.51% stake in high-technology industrial group Exail Technologies. EssilorLuxottica rose 2.3% and Publicis Groupe gained nearly 2%, while Vinci fell about 2% despite securing three long-term road contracts in Greater London worth nearly €70 million per year combined. A sharper contraction in French construction activity, with the S&P Global France Construction PMI dropping to 38.2 in June from 39.6 in May, capped further gains.