Pantheon International (LON:PIN) Announces Quarterly Earnings Results

Pantheon International (LON:PIN) announced its quarterly earnings results on Thursday. The investment trust reported GBX 2.02 EPS for the quarter, Digital Look Earnings reports. Pantheon International had a net margin of 42.61% and a return on equity of 1.39%.

Here are the key takeaways from Pantheon International’s conference call:

• PIN’s NAV rose 4.9% in the six months to 30 Nov 2025, driven by modest valuation gains and investment income (+2.8%), favorable USD currency moves (+2.2%) and partly offset by expenses and taxes.
• The share price outperformed, increasing 26.7% over the period and the discount to NAV narrowed materially from 40% to 28% by end-November.
• PIN deployed capital to enhance shareholder value, buying back GBP 42.8m of shares (adding ~1% to NAV), committing GBP 92.6m to seven new investments, and agreeing a simplified, reduced management fee with Pantheon effective 1 June 2026.
• Balance sheet and financing were strengthened: the GBP 400m revolving credit facility was refinanced and extended to Oct 2029 on improved terms, PIN had net debt of 9.3% and comfortable liquidity metrics (4.4x financing cover; 87% undrawn coverage).
• Portfolio and market signals improved—distribution rate rose from 12% to 15%, net portfolio cash flow was GBP 83.1m (vs GBP 45m prior period), and management sees early signs of a recovery in private equity deal flow, especially benefitting PIN’s small/mid‑market focus.

Pantheon International Price Performance

Shares of PIN opened at GBX 356.42 on Friday. The firm has a fifty day simple moving average of GBX 374.66 and a two-hundred day simple moving average of GBX 358.66. The firm has a market cap of £1.54 billion, a PE ratio of -245.81 and a beta of 0.79. The company has a current ratio of 2.48, a quick ratio of 37.81 and a debt-to-equity ratio of 4.98. Pantheon International has a 1-year low of GBX 262 and a 1-year high of GBX 390.

Pantheon International Company Profile

Pantheon International Plc (PIN) is an investment trust that provides investors with differentiated access to a global, diversified portfolio of private equity-backed companies through a flexible and active investment approach. Through its commitments to some of the world’s best private equity managers that might otherwise be inaccessible to individual investors, PIN makes the private, public.

Launched in 1987 and a constituent of the FTSE 250, PIN is a company of scale and one of the longest established private equity funds on the London Stock Exchange.