Financial Highlights
The financial information set out below does not constitute the company's statutory accounts for the years ended 30 April 2026 or 30 April 2025 but is derived from those accounts. Statutory accounts for 2025 have been delivered to the registrar of companies, and those for 2026 will be delivered in due course. The auditor has reported on those accounts; their reports were (i) unqualified, (ii) did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying their report and (iii) did not contain a statement under section 498 (2) or (3) of the Companies Act 2006.
The full Annual Report and Financial Statements for the Year Ending 30 April 2026 can be found here.
Year ended 30 April 2026
Net Asset Value (NAV) Per Ordinary Share Total Return1
Benchmark Total Return2
Share Price Total Return1
2. Dow Jones Global Technology Index (total return, Sterling adjusted, with the removal of relevant withholding taxes). See page l32 for further details.
Financial Summary
| As at 30 Apr 2026 | Change % | |||
| As at 30 April 2025 | Year Ended 2026 | Year Ended 2025 | ||
| Total net assets | £7,324,872,000 | £3,804,889,000 | 92.5% | 0.01% |
| Net Asset Value (NAV) per ordinary share | 657.41p | 325.20p | 102.2% | 3.1% |
| Benchmark1 | 8153.98 | 5259.96 | 55.0% | 5.1% |
| Price per ordinary share | 603.00p | 288.50p | 109.0% | (1.2%) |
|
Discount of ordinary share price to the NAV per ordinary share2 | (8.3%) | (11.3%) | ||
| Ordinary shares in issue3 | 1,114,203,196 | 1,170,007,019 | (4.8%) | (3.0%) |
| Ordinary shares held in treasury3 | 258,946,804 | 203,142,981 | 27.5% | 21.7% |
| Total net assets |
| Net Asset Value (NAV) per ordinary share |
| Benchmark1 |
| Price per ordinary share |
| Discount of ordinary share price to the NAV per ordinary share2 |
| Ordinary shares in issue3 |
| Ordinary shares held in treasury3 |
1. Dow Jones Global Technology Index (total return, Sterling adjusted, with the removal of relevant withholding taxes). See page 132 for further details.
2. Alternative Performance Measure see pages 130 to 131.
3. The issued share capital as at close of business 2 July 2026 (latest practicable date) was 1,373,150,000 ordinary shares of which 265,998,780 were held in treasury.
Historic Performance
| As at 30 April | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Net Assets (£m) | 801.3 | 1,252.5 | 1,551.6 | 1,935.6 | 2,308.6 | 3,408.8 | 3,051.0 | 2,828.1 | 3,804.5 | 3,804.9 | 7,324.9 |
| Share price (pence) | 56.6 | 94.7 | 114.8 | 135.4 | 177.4 | 236.4 | 204.0 | 194.0 | 292.0 | 288.5 | 603.0 |
| NAV per share (pence) | 60.6 | 94.5 | 116.0 | 144.6 | 171.6 | 249.6 | 230.5 | 223.9 | 315.4 | 325.2 | 657.4 |
| Indices of Growth1 | |||||||||||
| Share price2 | 100.0 | 167.3 | 202.8 | 239.2 | 313.4 | 417.7 | 360.4 | 342.8 | 515.9 | 509.7 | 1,065.4 |
| NAV per share2 | 100.0 | 156.1 | 191.5 | 238.8 | 283.3 | 412.3 | 380.5 | 369.8 | 520.8 | 537.0 | 1,085.7 |
| Dow Jones Global Technology Index3 | 100.0 | 153.8 | 179.5 | 218.0 | 257.5 | 376.9 | 373.6 | 384.3 | 533.8 | 560.7 | 869.3 |
| As at 30 April |
| Net Assets (£m) |
| Share price (pence) |
| NAV per share (pence) |
| Indices of Growth1 |
| Share price2 |
| NAV per share2 |
| Dow Jones Global Technology Index3 |
The Company commenced trading on 16 December 1996 and the share price on the first day was 9.6p per share and the NAV per share was 9.75p.
Notes:
1. Rebased to 100 at 30 April 2016.
2. Total return assumes reinvestment of dividends.
3. Dow Jones Global Technology Index (total return, Sterling adjusted) with the removal of relevant withholding taxes.
All data sourced from Polar Capital LLP.