Oakley Capital Investments reports a 6% NAV increase to 782 pence per share, fueled by 9% organic EBITDA growth and strategic share buybacks despite a persistent 33% discount to NAV.
Oakley Capital Investments (OCI) reported a 6% total NAV return for the first half of 2026, with net asset value reaching £1.29 billion. Growth was primarily driven by strong earnings performance across key portfolio companies like Phenna and TechInsights, alongside a successful valuation doubling for cybersecurity firm Exaforce.
The primary driver is underlying portfolio earnings growth, which accounted for approximately 80% of the 56 pence per share in unrealized gains reported in the first half.
OCI is utilizing share repurchases, focusing on NAV growth, pursuing portfolio realizations, and improving liquidity to narrow the current 33% discount toward its long-run average of 20%.