TwentyFour Income Fund Limited reported another strong year of performance in its final results for the year ended 31 March 2026, delivering a total dividend of 10.81% and continuing its long-term track record of attractive shareholder returns. The asset-backed securities (ABS) specialist grew total assets to £926 million at year-end, rising to almost £1 billion following further successful capital raises, reflecting sustained investor demand. Since launch in 2013, the fund has generated a 170% total return, equivalent to an annualised return of 7.9%. Management highlighted a favourable investment environment for floating-rate ABS and collateralised loan obligations (CLOs), supported by higher-for-longer interest rates, expanding issuance, and regulatory changes expected to increase institutional demand. Despite market volatility driven by geopolitical tensions and macroeconomic uncertainty, the portfolio maintained resilient credit performance with no defaults since inception, while remaining defensively positioned through shorter duration, high-quality secured assets and selective exposure to attractive risk-adjusted opportunities. The fund continues to rotate capital towards higher-conviction investments, including US CLOs, while reducing exposure to commercial mortgage-backed securities and lower-rated credit. With a purchase yield of around 11%, strong dividend cover, disciplined risk management and a diversified portfolio of secured investments, management remains confident in the outlook for stable high income, attractive risk-adjusted returns and continued growth, underpinned by favourable market dynamics and an expanding ABS opportunity set.

Audioboom Group plc delivered record interim results for the six months ended 30 June 2026, reporting a 30% increase in revenue to US$45.7 million, gross profit growth of 33% to US$9.9 million and an 80% rise in adjusted EBITDA to US$3.2 million, highlighting the operational leverage of its scalable podcast platform. Growth was driven by expanding advertising inventory, a significant increase in monthly podcast downloads and video views, continued momentum in its high-margin Showcase advertising marketplace, and strong advertiser demand. Management highlighted improving gross margins through a greater mix of higher-quality revenue while maintaining disciplined operating costs, supporting increasing profitability and cash generation. Following the conclusion of its strategic review, the Board reaffirmed its commitment to an independent growth strategy focused on organic expansion and value-accretive acquisitions, building on the successful integration of Adalicious. Audioboom reiterated its ambition to exceed US$200 million in revenue and US$40 million in EBITDA by 2030 through a combination of platform growth and targeted M&A. Looking ahead, the Group expects a record full-year performance, supported by the seasonally stronger second half, political advertising demand surrounding the US midterm elections, continued growth in podcast advertising, and medium-term opportunities from new Spotify and Apple video partnerships alongside AI-driven advertising capabilities. Management remains confident in the company’s financial strength, scalable business model and long-term growth strategy.

Gore Street Energy Storage Fund PLC’s latest investor update outlined a strategic reset following the appointment of a new board, with management focused on enhancing shareholder value through capital recycling, disciplined asset disposals, portfolio optimisation and sustainable distributions. The company reported a significant reduction in NAV to 74.9p per share, reflecting lower-than-expected revenues, revised third-party energy market forecasts and more conservative valuation assumptions, particularly across the UK and US battery storage markets. Despite these headwinds, the diversified battery energy storage portfolio continues to demonstrate operational strength, maintaining 95% asset availability, generating £36.3m of revenue and benefiting from strong performance in Ireland and Germany, while California provides a high level of contracted income. Management highlighted ongoing cost reductions, lower investment management fees, insurance savings and technology-led operational efficiencies aimed at supporting EBITDA, margins and long-term cash generation. The growth strategy centres on selective asset sales, battery augmentation projects and targeted investments, while maintaining a conservative balance sheet with 22% gearing and a 7p annual dividend target. Management remains confident that increasing renewable penetration, higher grid volatility and growing electricity demand—particularly from AI-driven data centres—will strengthen long-term battery storage revenues despite short-term market oversupply. The investor presentation reinforced Gore Street’s commitment to disciplined capital allocation, improving shareholder returns and positioning the portfolio for long-term growth as energy storage continues to play a critical role in the global energy transition.

Landsec’s latest investor update highlights a resilient £11bn UK-focused real estate portfolio, strong company performance and a clear growth strategy through 2030. The FTSE 100 REIT is targeting approximately 5% annual growth in earnings and dividends, supported by a 6.2% dividend yield, a 7.7% earnings yield and robust rental income growth across prime central London offices and leading retail destinations. Record 98% occupancy, strong leasing demand, significant rental reversion and structurally constrained supply underpin the outlook for revenue and margins. Landsec is also benefiting from a disciplined capital allocation strategy, a low-cost operating platform, long-dated and largely fixed-rate debt, and limited development exposure. With plans to invest a further £1bn in high-growth retail assets while recycling capital from offices, the company remains focused on delivering sustainable EBITDA and earnings growth, resilient cash generation and attractive long-term shareholder returns.

Vietnam Enterprise Investments Limited (VEIL) delivers a bullish first-half 2026 investor update, highlighting Vietnam’s resilient 8.2% GDP growth, strong industrial production, record exports and FDI, and broad-based economic momentum. The fund manager sees a supportive backdrop for corporate earnings, with forecast EPS growth of approximately 22.6% and Vietnam equities trading at an attractive 11.7x forward earnings. VEIL’s active, high-conviction investment strategy is focused on structural growth themes including consumption, infrastructure, banking, retail and capital markets, while the portfolio is positioned to benefit from Vietnam’s FTSE emerging market reclassification, anticipated foreign inflows and a potential MSCI upgrade. Despite a challenging first half for active managers, the company remains confident in its long-term growth strategy, citing a $50bn IPO pipeline, ongoing market reforms and attractive valuation opportunities. With a concentrated portfolio trading at around 10x earnings and nearly 30% forecast EPS growth, VEIL believes the Vietnam equity market is entering a multi-year structural re-rating phase

Marimaca Copper Corp. provided an investor update highlighting significant exploration progress at its Pampa Medina discovery, reinforcing its potential to become a large-scale, high-grade copper project in Chile. Management reported that drilling has defined copper mineralisation across more than 4km² within a broader 46km² sedimentary basin, with multiple high-grade manto-style horizons remaining open in several directions. The company is advancing a 150-metre drill spacing programme ahead of a maiden Mineral Resource Estimate (MRE), targeted for the first half of 2027, while geophysical AMT surveys continue to identify compelling exploration targets beyond the current resource area. Initial metallurgical test work across sulphide, mixed and oxide domains has not identified any material processing concerns, supporting confidence in the project's development potential. Management also outlined early mining studies, suggesting favourable underground mining economics based on the deposit's exceptional thickness compared with global sediment-hosted copper analogues. Alongside the continued development of the flagship Marimaca Oxide Deposit (MOD), the company believes Pampa Medina has the potential to become a transformational Tier 1 copper discovery, with significant resource growth opportunities and potential operational synergies between the two projects. Overall, the presentation highlighted Marimaca Copper's exploration success, growth strategy and long-term value creation potential as it advances one of Chile's most promising emerging copper districts.

Schroder Real Estate Investment Trust Limited’s latest investor update highlighted resilient company performance driven by stable rental income, active asset management, and a disciplined growth strategy despite ongoing macroeconomic and geopolitical uncertainty. The REIT reported a positive NAV total return, a 3% increase in rental revenue, a 4% rise in dividends, and maintained an attractive dividend yield of approximately 7.8%, supported by a low-cost, predominantly fixed-rate debt structure. Management emphasised significant earnings growth potential through an £8 million reversionary rental opportunity, continued leasing momentum, reduced vacancy rates, and value-enhancing refurbishment projects focused on sustainability and high-quality assets. The portfolio remains strategically weighted towards industrial and retail warehouse properties, benefiting from constrained supply, rental growth, and strong occupier demand, while selective office repositioning and redevelopment initiatives are expected to unlock further value. The company also highlighted disciplined capital allocation through selective asset disposals, ESG-led “brown-to-green” refurbishments, and ongoing investment in higher-quality properties to improve long-term rental income and margins. Management reaffirmed confidence in its progressive dividend policy, strong balance sheet, and active management approach, while noting that the proposed Picton Property Income consortium transaction could enhance scale, reduce leverage, strengthen earnings, and support long-term shareholder value. With robust portfolio fundamentals, attractive reversionary income, and a clear strategy for sustainable growth, Schroder Real Estate Investment Trust remains well positioned to deliver resilient financial performance and long-term returns for investors.

Worldwide Healthcare Trust PLC delivered a strong investor update, highlighting robust long-term performance and a positive outlook driven by accelerating healthcare innovation, attractive sector valuations and increasing merger and acquisition (M&A) activity. The trust reported a 10% return for FY2025, outperforming its benchmark by more than 8%, followed by a record first-quarter FY2026 performance with a 12.6% return and a record-high NAV. Management attributes this performance to successful stock selection across pharmaceuticals, biotechnology, diagnostics, medical technology and healthcare services, with a particular emphasis on innovative biotech companies and strategic M&A opportunities. The trust remains overweight biotechnology, reflecting confidence in the sector's pipeline of breakthrough therapies, while also identifying significant growth potential in GLP-1 obesity treatments, cardiovascular medicine and oncology. Management expects continued revenue growth, expanding margins and sustained industry innovation, supported by favourable regulatory developments and improving drug pricing clarity in the US. With healthcare representing one of the world's largest and fastest-growing industries, Worldwide Healthcare Trust believes it is well positioned to capitalise on long-term structural growth through a diversified, global portfolio focused on high-quality healthcare companies, maintaining a bullish outlook for both near-term performance and long-term shareholder value.

Celebrus Technologies plc reported a mixed set of FY2026 final results, highlighting resilient customer retention, continued annual recurring revenue (ARR) growth and significant product innovation, while acknowledging slower-than-target new customer acquisition. The company retained 100% of its customer base and delivered 10.3% ARR growth despite the impact of customer divestments, with underlying gross ARR growth approaching 17%. Management has restructured its go-to-market strategy to accelerate new logo wins, streamline sales execution and strengthen customer success, supported by a growing sales pipeline across financial services, retail, healthcare and streaming sectors. Financial performance was affected by the transition to a new revenue recognition model, prompting management to emphasise ARR, cash generation and deferred revenue as the most meaningful performance metrics. Celebrus maintained exceptionally high software gross margins of over 95%, generated $4.9 million of operating cash flow and ended the year with a robust $32.5 million cash balance, enabling continued dividend growth and share buybacks. A major strategic milestone was the launch of the Celebrus AI platform, integrating large language models with the company’s proprietary data capabilities to deliver AI-powered marketing, fraud prevention and customer insight solutions. Management believes this innovation, combined with strong customer retention, a healthy order pipeline and ongoing operational efficiencies, positions the business for sustainable long-term growth. While management acknowledged it fell short of its 20% ARR growth target, it expressed confidence that organisational changes, expanding AI capabilities and improved sales execution will support stronger company performance and future revenue growth.

MP Evans Group PLC’s latest investor update highlighted its long-term growth strategy centred on the responsible production of sustainable Indonesian palm oil, operational efficiency, and disciplined capital allocation. Management reinforced the company’s position as a low-cost producer, benefiting from industry-leading plantation yields, efficient milling operations, and strong cash generation despite commodity price cycles. The presentation detailed how increasing the proportion of company-grown crop processed through its own mills is expected to enhance margins, improve profitability, and increase certified sustainable output, creating opportunities for higher sustainability premium income. The group also outlined favourable pricing dynamics driven by robust global palm oil demand, Indonesia’s expanding biodiesel mandate, and disciplined cost control, while maintaining resilience against inflationary pressures and commodity market volatility. MP Evans reaffirmed its commitment to ESG principles through zero-deforestation practices, RSPO certification, biodiversity conservation, community investment, and zero-waste operations, strengthening its long-term investment case. Management also highlighted a strong balance sheet, ongoing acquisition opportunities near existing operations, prudent capital allocation, and continued focus on shareholder value. With sustainable production, operational excellence, healthy cash flow, and a resilient business model, MP Evans remains well positioned to deliver long-term growth, attractive margins, and consistent financial performance in the global palm oil market.