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Scottish Mortgage Investment Trust PLC released its final results for the year ending March 31, 2025. The companys net asset value (NAV) total return was 11.2%, while its share price total return was 6.0%. The FTSE All-World index total return was 5.5% during the same period. The companys ongoing charges for the year were 0.31%.
The Board remains committed to the strategic use of borrowing and gearing, which remained unchanged over the year. The average interest rate cost of the companys debt is 3.1%.
The Board plans to increase the total dividend by 3.3% to 4.38 pence per share. The companys voting record can be found on its website.
The Managers, Baillie Gifford, continue to prioritize engagement with shareholders through various events, meetings, and digital platforms.
The Board composition will see changes, with the retirement of the current Chair, Justin Dowley, and Professor Maxwell, the Senior Independent Director, intending to retire in 2026.
The Managers investment landscape is shaped by key themes of resilience, adaptability, and innovation, focusing on identifying outlier companies capable of delivering exceptional returns.
The full financial statements, notes, and additional information can be found in the Annual Report and Financial Statements.