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Annual Financial Report | Company Announcement

JPMorgan UK Small Cap Growth & Income plc reported full-year results to 31 July 2026, with a NAV total return of +7.2% against +9.8% for the Deutsche Numis Smaller Companies plus AIM (excluding Investment Companies) Index, and a share price total return of +9.1%. Over three years, cumulative NAV total return was +38.4% versus +27.5% for the benchmark, and over ten years it was +159.9%. The company repurchased 9,725,250 shares into Treasury for £31.6 million at an average discount of 10.1%, and paid a dividend of 14.52p for the year, with 14.92p planned for the year starting 1 August 2026. The Board agreed heads of terms for a proposed combination with Aberdeen UK Smaller Companies Growth Trust plc, with completion expected by the end of 2026 subject to shareholder approvals.

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