## Schroder BSC Social Impact Trust plcAnnual Results Summary (October 29, 2025)
**Key Financial Highlights**
* **NAV per share** 102.94p (down from 104.13p in FY 2024)
* **NAV total return per share** +1.6% (FY 2024: +1.5%)
* **NAV total return since inception** 12.0% (2.5% annualized)
* **Dividend payment** 3.76p (up from 2.94p in FY 2024), representing a yield of 3.65% based on NAV and 5.45% based on share price.
**Impact Highlights**
* **Capital committed** £96 million to over 190 frontline organizations.
* **People reached** 422,000 since inception, with 98% being underserved and disadvantaged.
* **Public and household savings** £238 million generated.
**Strategic Review**
* The Board is conducting a strategic review of the companys future, actively consulting with shareholders.
* Potential fund structures and alternatives are being evaluated.
* An update will be provided at or before the AGM on December 17, 2025.
**Chairs Statement**
* Emphasizes the companys continued focus on delivering social impact while seeking to generate value for shareholders.
* Highlights the importance of preserving the companys impact while evaluating future options.
**Portfolio Managers Review**
* Acknowledges challenging macroeconomic conditions but highlights strong income generation from the portfolio.
* Notes the companys alignment with government priorities in social impact investment.
* Highlights the portfolios unique offering and its ability to deliver deep positive impact.
**Risk Management**
* The company has a robust risk management framework in place, regularly reviewed by the Audit and Risk Committee.
* Principal risks include strategic risk, continuity risk, investment management risks, liquidity risk, valuation risk, cybersecurity risks, economic and market risk, and policy risk.
**Overall**
The Schroder BSC Social Impact Trust plcs annual results demonstrate its commitment to both financial returns and social impact. While facing macroeconomic challenges, the company has maintained positive returns and continued to invest in impactful initiatives. The ongoing strategic review reflects the Boards proactive approach to addressing shareholder concerns and ensuring the companys long-term sustainability.
| Metric | 2025 | 2024 | Change |
|---|---|---|---|
| NAV per share (pence) | 102.94 | 104.13 | -1.19 (-1.14%) |
| NAV total return per share (%) | 1.6 | 1.5 | +0.1 (+6.67%) |
| Dividend payment per share (pence) | 3.76 | 2.94 | +0.82 (+27.89%) |
| Dividend yield based on NAV (%) | 3.65 | N/A | N/A |
| Dividend yield based on share price (%) | 5.45 | N/A | N/A |
| Total commitments to high impact investments (% of NAV) | 98 | N/A | N/A |
| Invested in high impact investments (% of NAV) | 84 | N/A | N/A |
| Liquidity Assets (% of NAV) | 17 | N/A | N/A |
| Undrawn commitments (% of NAV) | 14 | N/A | N/A |
| Net cash inflow from operating activities (£'000) | 2,878 | 1,957 | +921 (+47.06%) |
| Net cash inflow from investing activities (£'000) | 7,458 | 2,891 | +4,567 (+158.01%) |
| Net cash outflow from financing activities (£'000) | (3,890) | (3,317) | -573 (-17.27%) |
| Net cash inflow in the year (£'000) | 6,446 | 1,531 | +4,915 (+321.03%) |