Duke Capital plc (LON:DUKE) has reported solid interim results for FY25, reflecting its adaptability and strong performance amid challenging market conditions. With a focus on delivering shareholder value and maintaining a robust portfolio, the company continues to make strides in the hybrid capital investment space.
Steady Growth and Strong Portfolio
Duke Capital’s recurring cash revenues rose by 4% to £12.7 million, a testament to its growing base of hybrid credit investments. Though total cash revenues saw a slight decline due to fewer exit premiums, the resilience of its portfolio shines through. Over £15 million was deployed across existing investments, including notable allocations to Step Investments and United Glass Group (UGG), enabling their strategic growth and acquisitions.
Andrew Renton, Director of Research at Cavendish, remarked:
“Duke Capital has shown resilience and innovation in its approach, successfully navigating macroeconomic headwinds while continuing to deliver value to its shareholders. The focus on transitioning to a balance sheet-light model marks a pivotal step in the company’s strategy.”
