B.P. Marsh & Partners PLC announces its Group Final Results for the six months to 31 July 2026 (the “Period”).
Highlights:
Investment case
B.P. Marsh provides an opportunity to invest in small to medium financial service intermediary businesses that investors would often find hard to reach.
Half Year Results for the Period Ending 31 July 2026
£372.2m
Net Asset Value at 31 July 2026: £372.2m ( 31 January 2026: £360.2m; 31 July 2025: £349.5m).
1048.5p
Net Asset Value per share 31 July 2026: 1048.5p (31 January 2026: 1009.9p; 31 July 2025: 956.1p).
£22.8m
Consolidated profit before tax of £22.8m for the six months to 31 July 2026 (Year Ended 31 January 2026: £49.0m; six months to 31 July 2025: £32.1m).
7.0%
Total Shareholder return of 7.0% for the Period Including NAV uplift and total dividend of £13.0m paid Feb 2026/March 2026/Jul 2026
£37.4m
Cash of £37.4m as at 31 July 2026
£296.5m
Equity portfolio value of £296.5m (31 January 2026: £273.8m; 31 July 2025: £271.5m)
For the Group’s Full Year results, please click here.
Commenting on the results, Daniel Topping, Chief Executive Officer, said:
”I am pleased to report another strong period for B.P. Marsh. The first half of the financial year saw us convert value built up across the portfolio into cash, delivering meaningful returns to shareholders while continuing to invest for future growth.
Daniel ToppingChief Executive Officer of B.P. Marsh & Partners PLC
During the Period, we paid £13.0m in dividends and received £30.8m of equity proceeds and loan repayments from the portfolio. At the same time, we continued to back proven management teams, completing three new investments and increasing our holding in Pantheon. This balance of realisations, shareholder returns and new investment demonstrates the strength of our capital recycling model, with value generated by more mature investments helping to fund the next generation of portfolio growth.
Our approach builds on the partnership-led model established by Brian Marsh OBE, which has delivered compound NAV growth of 10.9% a year since flotation, after distributions. With £37.4m of available cash, no debt and a robust pipeline, the Group remains well placed to continue delivering long-term value for shareholders.
