5th Feb 2026 11:41
(Alliance News) - JTC PLC on Thursday said that trading was in line with its own expectations in 2025 amid "another record year of new business wins."
The Jersey-based professional services company said it delivered a "resilient" performance in 2025 as growth was balanced across its two divisions with both Institutional Capital Services and Private Capital Services achieving new business win growth of over 20%. This was despite ongoing macroeconomic headwinds.
JTC said: "These challenges, particularly in ICS markets, resulted in longer lead times, impacting short-term net organic revenue growth, which nevertheless grew strongly."
Further, the integration of Citi's global fiduciary and trust administration services business is "progressing well". JTC in July completed the acquisition of the business formerly known as Citi Trust. The business remains on track to deliver within group margin guidance by the end of 2026, JTC said.
JTC Chief Executive Officer Nigel Le Quesne said: "We were pleased with our progress during 2025, including another record year of new business wins, despite continued macro-economic challenges in many markets, especially those relating to our ICS division. The Citi Trust and KHT acquisitions have strengthened our already market-leading PCS division and the integration of these two high-value bank carve-out businesses is progressing well, further cementing our position as the leading independent trust provider."
JTC will publish 2025 results on April 7.
Meanwhile, the company expects its takeover by Papilio Bidco Ltd to be achieved in the third quarter of 2026. The deal announced back in November values JTC shares at around 1,340.00p each, giving it an enterprise value of GBP2.7 billion. The buyout was approved by shareholders in mid-January. Papilio is indirectly owned by funds advised by Permira Advisers LLP and the Canada Pension Plan Investment Board.
JTC shares were flat at 1,292.00 pence each on Thursday morning in London, giving it a market capitalisation of GBP2.23 billion.
By Tom Budszus, Alliance News slot editor
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