Intermediate Capital Group announce total dividends for FY23 of 77.5p per share, a year-on-year increase of 2.0% and the thirteenth consecutive annual increase in ordinary dividend per share; 21% annualised growth in dividend per share over the last five years.
Other financial highlights include:
-Total AUM of $80.2bn and fee-earning AUM of $62.8bn, up 14% and 10% respectively compared to FY22 on a constant-currency basis, annualised growth of fee-earning AUM over the last five years of 20%
-Fundraising in line with guidance at $10.2bn; $32.8bn raised since 31 March 2021 and on track to meet accelerated fundraising target of at least $40bn cumulatively between FY22 - FY24
-Sustained investment activity across their business, notable deployment in Private Debt and Strategic Equity
-Delivering for clients, strong fund returns across Structured and Private Equity, Private Debt and Infrastructure
-Fee income of £501.0m, an increase of 12% compared to FY22 with management fees up 23%
-Record Fund Management Company profit before tax of £310.7m, an increase of 9% compared to FY22
-Balance sheet investment portfolio generated NIR of 4% (five year average: 11.2%)
-Group profit before tax of £258.1m (FY22: £568.8m) and Group EPS of 80.3p (FY22: 187.6p)
NAV per share of 694p (31 March 2022: 696p)
