Logistics Development Group reports lower annual profit

(Sharecast News) - Logistics Development Group reported a lower annual profit for 2025 on Friday, while its net asset value per share increased during the year as it returned capital to shareholders and made a new investment in a UK logistics platform.

The AIM-listed investing company said underlying EBIT profit fell to £14.6m for the year ended 31 December, from £18.4m in 2024, while profit before tax declined to £15.0m from £19.8m.

LDG said its unaudited estimated net asset value per share stood at 26.7p at the end of December, up from 22.3p at 31 December 2024.

The figure was unchanged from the level reported at the end of September.

During the year, DBAY's recommended offer for Alliance Pharma became effective, after the offer price was increased to 64.75p per share from 62.5p.

LDG said the final offer represented an 18% increase in value per share compared with its average purchase price, and a 42% premium to the valuation at the end of 2024.

The company also completed a tender offer to return up to £21.0m to shareholders at 19p per share.

A total of 110,526,315 ordinary shares were repurchased and cancelled, leaving LDG with 413,824,079 shares in issue.

In July, LDG invested £15m in WS Holdco, a private holding company formed by DBAY to create a national logistics platform in the UK.

WS Holdco had, by that point, acquired a 78.3% interest in The Alternative Parcels Company, described by LDG as the UK's largest independent parcel delivery network.

LDG also appointed Singer Capital Markets as sole corporate broker in November.

Reporting by Josh White for Sharecast.com.

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