26th Jun 2025 07:00
26 June 2025
3i Group plc
AGM and portfolio update
3i Group plc ("3i") will be holding its Annual General Meeting ("AGM") this morning. At the AGM, Simon Borrows, our Chief Executive, will provide an update on the portfolio.
Action continues to perform strongly. Like-for-like sales growth was 6.9% year to date as at the end of week 25 and net new store openings of 111 are on track with its expansion plans. The like-for-like performance continues to be transaction driven with a strong contribution from seasonal sales. Action is set for another good quarter of profit growth and had a cash balance of €587 million as at 22 June 2025.
The remainder of the Private Equity portfolio continues to demonstrate performance in line with our expectations. We are pleased to have announced the sale of MPM for estimated gross proceeds of c.£400 million, representing a 3.2x money multiple on invested capital and an IRR of 29%.
-Ends-
For further information, please contact:
Silvia SantoroGroup Investor Relations DirectorTel: 020 7975 3258
Kathryn van der KroftCommunications DirectorTel: 020 7975 3021
About 3i Group
3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Our core investment markets are northern Europe and North America. For further information, please visit: www.3i.com.
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