3i Group (LSE:III) delivered another year of strong returns for the period ended 31 March 2026, reporting a 22% total return on opening shareholders’ funds and increasing net asset value per share to 3,030 pence.
The investment company’s performance was driven primarily by continued growth at discount retailer Action, alongside resilient contributions from its broader private equity and infrastructure portfolios.
During the year, 3i generated gross investment returns of £5,464 million and expanded the value of its investment portfolio to £31.8 billion, supported in part by additional investment into Action. The group also maintained low gearing levels and a strong liquidity position throughout the period.
Reflecting the strength of the results, the board increased the total dividend to 84.5 pence per share and announced plans for a share buyback programme of up to £750 million. Management said the move demonstrates confidence in the company’s long-term value creation strategy despite ongoing geopolitical uncertainty and broader macroeconomic challenges.
The company’s investment outlook continues to benefit from strong operational and financial performance, reinforced by positive management commentary around portfolio resilience and growth opportunities. Technical indicators, however, point to some caution due to weaker market momentum trends, although the relatively low price-to-earnings valuation and insider share purchases provide supportive signals for investors.
At the same time, management acknowledged that risks remain linked to economic conditions and challenges affecting certain regional markets.
More about 3i Group plc
3i Group plc is an international investment management firm specialising in mid-market private equity and infrastructure investments across Europe and North America. The company invests in businesses including discount retailer Action and personal care manufacturer Royal Sanders, while also managing infrastructure assets through its dedicated investment platform.
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