B.P. MARSH & PARTNERS PLC - Half Year Results for the year ended 31 July 2026

B.P. Marsh grew NAV to £372.2m and returned £13m to shareholders while its portfolio became increasingly concentrated in Pantheon, XPT and ATC.

• NAV grows steadily: NAV rose to £372.2m (NAV/share £10.48, fully diluted £9.96), up 3.4% in six months and 6.5% year-on-year, with ~10.9% CAGR since flotation.
• Realizations prove the model: Eight recent disposals turned £20.6m invested into £178m proceeds (8.7x MOIC); SSRU alone returned ~£28m on a £19 initial stake at ~90% IRR.

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