Oakley Capital Investments H2 Earnings Call Highlights

2 days ago 4

MarketBeat

Thu, March 12, 2026 astatine 7:03 AM CDT 8 min read

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Oakley reported a 738 pence NAV per share (total NAV £1.2bn), delivering a 6% NAV instrumentality successful 2025 and a 13% five-year NAV CAGR, with shareholders receiving a 15% full return; absorption said net maturation drove astir valuation gains portion Time Out materially dragged performance.
The portfolio (39 companies) showed mean integrated LTM weighted EBITDA maturation of 11% (around 20% including M&A), with Clio, Phenna, TechInsights and Bright Stars contributing a combined £0.78 to NAV per stock portion Time Out reduced NAV by 32 pence.
OCI is prioritizing buybacks implicit dividends—having canceled 10.5m shares and returned £52m—and is accelerating an AI strategy (an AI Lab and Turing Capital exposure) portion maintaining money commitments (including a €500m Fund VI commitment) and reporting £992m of outstanding commitments with ~£191m liquidity.
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Oakley Capital Investments (LON:OCI) reported nett plus worth (NAV) maturation for 2025 amid what absorption described arsenic a challenging macro backdrop and a muted backstage equity exit environment, portion highlighting beardown shareholder returns, continued portfolio net growth, and an accrued absorption connected applying artificial quality crossed the portfolio.

As of Dec. 31, 2025, OCI’s NAV per stock was 738 pence, representing full NAV of £1.2 billion. The institution delivered a 6% full NAV return for the twelvemonth and a 13% five-year NAV CAGR, with absorption noting the yearly instrumentality was beneath people and historical levels.

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Steven Tredget, a spouse astatine Oakley Capital, said the year’s NAV show was affected by detractors “that won’t beryllium repeated,” specifically citing the interaction of Time Out’s stock price. Management said the year’s valuation summation was driven “almost entirely” by net growth, with aggregate enlargement chiefly linked to the merchantability of vLex.

OCI besides reported a 15% full shareholder return successful 2025, supported by the stock terms rising alongside the exit of vLex, the determination to the main list, and inclusion successful the FTSE 250, though absorption noted immoderate gains were aboriginal fixed up amid a caller marketplace sell-off.

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In its NAV question commentary, OCI cited:

£0.22 per share of realized and unrealized portfolio valuation nett gains, which absorption said would person been £0.53 without the diminution successful Time Out shares.
£0.11 publication from FX arsenic the euro strengthened against the pound, portion U.S. dollar vulnerability weighed arsenic the dollar weakened.
£0.11 payment from stock buybacks, reflecting the accretive interaction of a £50 million superior instrumentality executed astatine a 28% discount to NAV.