RIT Capital Partners plc (“RIT” or the “Company”) reports strong portfolio performance

• 9.0% net asset value (NAV) per share total return delivered, with our NAV per share reaching the highest level on record.
• Positive returns from all three investment pillars – Private Investments (9.1%), Quoted Equities (7.8%) and Uncorrelated Strategies (5.6%).
• Continuation of strong private realisation track record including SpaceX.
• Delivered a 12-month annualised NAV per share total return of 19.7% and a since inception return of 10.7%.
• 20.3% 12-month annualised share price total return to 30 June 2026.

Portfolio highlights

• Private Investments generated a 9.1% return and contributed 3.3% to NAV.
  • Landmark realisations including the SpaceX¹ IPO and meaningful valuation uplifts across direct investments which returned 17.9%.
  • More than 43% of the overall private portfolio has been realised over the past 2 years, with direct private investments realised at an aggregate 70% above previous carrying values.
  • Increased exposure to Anthropic and Databricks and made new direct investments in leading technology businesses Cognition and Stripe.
  • 5.9% return from fund investments with healthy distributions.
• Quoted Equities generated a 7.8% return and contributed 3.3% to NAV.
  • Funds performance was driven by global, emerging markets, and biotech managers.
  • Direct performance was led by a sharp rise in SpaceX’s share price post-IPO, while emerging markets and European sovereignty performed well. Direct quality stocks and commodity-related equities had mixed performance.
• Uncorrelated Strategies generated a 5.6% return and contributed 1.5% to NAV.
  • Performance led by absolute return and credit managers, which represents the majority of the investment pillar and helped shield the portfolio from Q1 equity market volatility.
  • Currency translation contributed positively to our return as the US dollar strengthened against sterling.

Capital Allocation

• The Company bought back 1.9% of issued share capital in H1 2026 at a total cost of £60m, adding estimated accretion of 0.5% to NAV per share total return. This brings total share capital repurchased since 2023 to more than 13%.
• Dividend of 45p per share to be paid in two equal instalments in 2026, representing an increase of 4.7% and the 13th successive year of dividend growth. The second instalment will be paid in October 2026.

Events after the reporting period

• In July 2026 the Board completed a tender offer for up to £300 million of shares at a 15% discount to the preliminary NAV as at 30 June 2026. Approximately 80% of shares were not elected for tender by shareholders.
• The Tender Offer formed part of a broader package of strategic initiatives designed to enhance shareholder returns over the medium-term including an ongoing share buyback programme and a review of the Company’s dividend policy at year end.

Philippe Costeletos, Chairman of RIT Capital Partners plc, said:
“Our strong half year results published today demonstrate further momentum under Maggie Fanari’s leadership. Alongside these efforts, the Board remains committed to disciplined capital allocation to maximise long-term shareholder value.

We are encouraged by the outcome of July’s Tender Offer which marked an important first step in the implementation of our strategic initiatives. Approximately 80% of shares were not elected for tender by shareholders, signalling the long-term nature of our shareholder base, and their continued confidence in the Company’s differentiated investment strategy and the management team responsible for delivering it.”

Maggie Fanari, Chief Executive Officer of J. Rothschild Capital Management, investment manager for RIT Capital Partners plc, said:
“These positive results reflect the diversified and resilient nature of our portfolio, built to deliver differentiated returns for our shareholders with lower volatility than equity markets. The performance announced today extends our long-term track record of 10.7% annualised NAV per share total return since inception. Compounding at this rate over decades requires both the ability to capture growth and the discipline to protect capital when markets fall. Our portfolio is deliberately constructed to do just this.

We continue to hold the view that the structural shifts reshaping the global economy – from the rapid adoption of AI to a changing geopolitical landscape – will create compelling long-term investment opportunities. We believe our unique combination of access, disciplined asset allocation and permanent capital positions us well in this environment.”

¹ SpaceX was transferred from the Private Investments pillar into Quoted Equities at the point of IPO. Any gains made up to the transfer remain in Private Investments, unrealised gains or losses after the IPO are reflected in Quoted Equities.

THE FOLLOWING IS EXTRACTED FROM THE COMPANY’S HALF-YEARLY FINANCIAL REPORT

¹The Group’s designated Alternative Performance Measures (APMs) are the NAV per share total return, share price total return, gearing, and ongoing charges figure (OCF). A description of the terms used in this RNS, including further information on the calculation of APMs, is set out in the Glossary and APMs section.
²RIT’s shares are a constituent of the FTSE 250 Index, which is not considered a Key Performance Indicator (KPI). Before June 1998, when the total return index was introduced, the index was measured using a capital-only version.

The Company’s full RNS is available here. The Half-Yearly Financial Report for the six months ended 30 June 2026 is available here.