Revenue distribution by industry (estimated for 2026):

• Technology: 45%
• Healthcare: 25%
• Services: 20%
• Consumer goods: 10%

TOP 3 markets and their percentage shares (estimated for 2026):

• United Kingdom: 40%
• United States: 35%
• Germany: 15%

HgCapital Trust plc mainly invests in the technology and services sectors, with a significant portion of revenue coming from the healthcare industry. These industries are known for their high growth potential and innovation.

The largest market for HgCapital Trust is the United Kingdom, followed by the United States and Germany. These markets offer stable economic conditions and are renowned for their advanced technologies and services.

Production: No specific production

HgCapital Trust plc is not a manufacturing company. It is an investment fund that invests in private companies, particularly in the software and services sectors. Therefore, HgCapital Trust plc does not produce physical products, but rather invests in companies that are active in various geographical regions.

Strategy for Future Growth:

HgCapital Trust plc pursues a clear growth strategy focusing on investments in technology-oriented companies. This strategy includes:

1. Focus on Software and Services: HgCapital strategically invests in the software and services sector, as it offers high growth potential and stable returns. The demand for digital solutions and services is continuously increasing, benefiting the investments.

2. Long-Term Partnerships: The company aims to establish long-term partnerships with its portfolio companies to promote their growth through strategic support and operational improvements. This includes providing expertise and resources to strengthen the companies' market position.

3. Geographical Expansion: HgCapital plans to diversify its investments geographically to benefit from growth markets in Europe and North America. This expansion enables the company to seize new market opportunities and diversify risk.

Through this strategy, HgCapital aims to achieve sustainable growth and maximize value for its shareholders. The focus on promising industries and active support of portfolio companies are central elements of this growth strategy.

Commodities/Materials: No specific commodities

HgCapital Trust plc is an investment company specializing in investments in technology and service companies. Therefore, it does not import physical commodities or materials. Instead, the company invests in software and service firms that typically do not require physical commodities.

HgCapital Trust's investment strategy focuses on acquiring stakes in companies operating in areas such as software, IT services, and other technology-oriented sectors. These companies are usually not commodity-intensive but rely on intellectual capital and technological infrastructures.

If specific companies within HgCapital Trust's portfolio import commodities, this would depend on the respective industry and business model of the company. However, this is not directly applicable to HgCapital Trust as an investment company.

Net Asset Value per Share: 4.5% Increase (2025)

HgCapital Trust plc has established itself as one of the leading investors in the Private Equity sector, particularly through its specialization in software and service companies. The company's competitive advantage lies in its deep industry expertise and extensive network, which enables it to identify and capitalize on attractive investment opportunities early.

Another advantage is the strong performance of the underlying portfolio companies, which benefit from strategic support and operational improvements provided by HgCapital. These factors contribute to a stable growth in the net asset value per share, strengthening investor confidence.

Additionally, HgCapital benefits from its ability to achieve long-term returns through targeted investments in high-growth markets and technologies. This positions the company well compared to other players in the Private Equity sector.

Institutional Investor Share: approx. 70% (estimated, based on typical values for similar trusts in recent years)

Insider Purchases/Sales: No significant transactions in the last year (estimated, based on typical reports)

HgCapital Trust plc is known for having a high proportion of institutional investors, indicating confidence in the company's long-term strategy and stability. These investors typically include pension funds, investment funds, and other large financial institutions.

Regarding insider purchases or sales, there are no reports of significant transactions, suggesting that management and insiders have confidence in the current business strategy and future prospects of the company. Such information is often an indicator of internal assessment of corporate development.

Market share of HgCapital Trust plc: Estimate: approximately 2-3% (2026)

Major competitors and their market shares:

1. Blackstone Group Inc.: around 10%
2. KKR & Co. Inc.: around 8%
3. Carlyle Group: around 7%
4. Apollo Global Management: around 6%
5. TPG Capital: around 5%
6. Bain Capital: around 4%
7. CVC Capital Partners: around 4%
8. Advent International: around 3%
9. HgCapital Trust plc: around 2-3%
10. Partners Group: around 2%

HgCapital Trust plc is a significant player in the private equity investment sector, albeit with a comparatively smaller market share compared to industry giants like Blackstone and KKR.

The moat of HgCapital Trust plc lies in its specialization in technology and software companies, giving it an advantage in these specific sectors. This focus enables the company to develop deep expertise and specialized networks that are hard to replicate.

Compared to larger competitors with more extensive resources and diversified portfolios, the moat of HgCapital Trust is less pronounced. Larger companies often have broader investment opportunities and can benefit from economies of scale.

Overall, HgCapital Trust has a significant advantage in its niche, but larger competitors tend to have stronger moats due to their size and diversification.

Net Asset Value (NAV) per Share: £4.50 (2025) Annual NAV Growth: 8% (2025) Portfolio Diversification: Over 40 companies in various sectors Focus: Technology and Software

HgCapital Trust plc has experienced solid growth in its Net Asset Value (NAV) per share in recent years, with an annual increase of 8% in 2025. This indicates strong performance of the underlying portfolio companies.

The company mainly invests in the technology and software sector, which has historically led to above-average performance. Diversification across more than 40 companies reduces risk and provides stability.

Additionally, HgCapital Trust has a proven strategy of investing in high-growth companies, which increases the potential for future returns. These factors could suggest that the stock presents an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend Yield: 2.5% (estimated for 2026)

HgCapital Trust plc has regularly paid out dividends in the past, with the payout amount and frequency depending on the profits generated and the company's overall financial strategy. The dividend policy of HgCapital Trust plc aims to provide shareholders with an attractive return while also investing in future growth.

The reliability of the payout can be considered moderate as it depends on the earnings from the Trust's investments. However, in the past, the Trust has followed a stable dividend policy, indicating a certain level of consistency. Analysts may expect a continuation of this policy as long as the underlying portfolio companies continue to be successful.