Gresham House Income & Growth 2 VCT plc reported its second‑quarter results for the period ended 30 June 2026. Net assets grew to £179.48 million from £160.80 million at the end of March, while the number of ordinary shares in issue rose to 370,100,611, up from 323,148,072.
The net asset value (NAV) per share declined to 48.50 pence from 49.76 pence. Adjusted for the dividend, the total‑return NAV per share increased by 0.74 pence. Cumulative dividends paid to shareholders reached 176.30 pence per share, a modest rise from 174.30 pence.
During the quarter the VCT allotted 48,737,579 ordinary shares on 1 April at an average issue price of 49.91 pence, generating gross proceeds of £24.32 million. A subscription offer launched on 2 February 2026 subsequently closed. On 27 July the fund bought back and cancelled 3,370,317 of its own shares at 45.37 pence each.
Investment activity included a £2.07 million injection into BBLHD Ltd on 8 April and follow‑on investments totalling £0.30 million across Penfold Technology Ltd, OnSecurity Technology Ltd and Veremark Ltd. On 22 April the VCT received a £2.07 million loan repayment from EOTH Limited, achieving an 8.2‑times multiple on cost over the life of that investment. Post‑period activity added £4.77 million of new commitments, notably a £2.04 million investment in EAS Technologies Ltd on 8 September.
Dividends for the quarter comprised a 2.00 pence per share payment on 10 April, which contributed to the NAV decline. A second interim dividend of 2.00 pence per share was declared for the year ending 30 September 2026, with an ex‑dividend date of 25 September and payment scheduled for 30 October.
