London City Equities reports $5M net gain in FY26
- London City Equities recorded a net gain of $5 million for the 2026 financial year.
- The company's net assets per share increased to 91.4 cents as liquid funds hit record levels.
- Sales of long-held portfolio stakes and court-managed liquidations drove the full-year performance.
London City Equities (ASX:LCE) posted a full-year net gain of $3.2 million in the prior year.
The strong performance compares to shareholders' equity of $24.6 million in 2025, lifting net assets per share from 78.6 cents to 91.4 cents.
"The sale of the final portion of our 7% shareholding in Fiducian Group concluded with total proceeds thereof of some $21 million," stated the London City Equities board of directors in the preliminary report.
The company completed its exit from Fiducian Group with a final capital gain of $8 million in fully franked dividends.
These portfolio exits increased cash and cash equivalents from $25.2 million by the end of June 2026.
Following the announcement, the London City Equities share price was unchanged at $0.85.
London City Equities operates as an Australian investment company focusing on long-term strategic equity holdings in ASX-listed entities.
The firm targets companies with significant market share, seeking value creation through active monitoring, strategic participation, and selective capital reallocations.
