3i Group PLC on Thursday said it was well positioned, with a strong pipeline of investment realisations for the coming year, despite an uncertain geopolitical environment and weak growth across Europe.

The London-based private equity and venture capital company said diluted net asset value per share improved 20% to 2,261 pence as at September 30 from 1,886p a year ago.

The percentage return on opening shareholders’ funds was 10%, unchanged from a year prior.

Operating profit before tax jumped 22% to £2.0 million from £1.7 million.

3i proposed an interim dividend of 30.5p, up 15% from 26.5p.

Looking ahead, the company said it has a good pipeline of ‘high-quality realisations’ for the next 12 months.

Chief Executive Officer Simon Borrows said: ‘Against an uncertain geopolitical environment and weak growth across much of Europe, we move into the second half of FY2025 with a portfolio that is well positioned to build on a solid first half. Action is the major contributor to our returns and continues to produce sector-leading growth.

‘With a strong business and financial model and significant white space to expand into, we believe it will continue to do so for many years to come. In addition, the leading companies in our portfolio are performing strongly and a number of the portfolio companies that were adversely impacted by challenges in 2023 are beginning to turn the corner and see improved trading.’

3i shares were up 3.5% to 3,448.00 pence each on Thursday morning in London.

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