BP Marsh reports further increase in net asset value

(Sharecast News) - BP Marsh & Partners reported a further increase in net asset value for the year to January on Wednesday, as the specialist private equity investor completed two disposals and added eight new investments to its portfolio.

The AIM-traded company, which invests in early-stage financial services businesses, said net asset value rose 10.3% to £360.2m for the year ended 31 January, from £326.4m a year earlier.

Undiluted NAV per share increased to 1009.9p from 890.0p, while fully diluted NAV per share rose to 959.8p from 847.3p.

Total shareholder return for the year was £41.7m, or 12.8%.

Consolidated profit before tax was £49.0m, down from £104.7m in the prior year.

BP Marsh paid £8.0m of dividends during the year, equivalent to 21.64p per share, compared with £4.0m a year earlier.

The company said £13.0m of dividends, or 36.29p per share, had been paid or proposed for the year to 31 January 2027, while it intended to pay £7.0m, or 19.54p per share, in the year to January 2028.

During the year, BP Marsh completed two disposals, Stewart Specialty Risk Underwriting and Sterling Insurance, generating total proceeds of £30.7m.

The company also completed eight new equity investments during the year and a further two after the year end.

BP Marsh announced several board changes alongside the results.

Brian Marsh would move from non-executive chairman to founder and life president, while Rebecca Shelley has been appointed non-executive chair.

Barrie Cornes has also been appointed as an independent non-executive director.

BP Marsh said it remained well positioned for future growth following another year of strong performance.

At 0930 BST, shares in BP Marsh & Partners were up 2.22% at 690p.

Reporting by Josh White for Sharecast.com.

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