Balance Sheet Polar Capital Technology Trust plc

Equities

PCT

GB00BR3YV268

Investment Trusts

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Published financial data: POLAR CAPITAL TECHNOLOGY TRUST PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Gain (Loss) on Sale of Investment, Total (Rev)	1.13B	-254M	-107M	1.15B	129M
Interest And Invest. Income (Rev)	18.16M	15.9M	20.02M	21.91M	25.36M
Other Revenues, Total	-49.11M	-5.8M	34K	-22.03M	2.77M
Total Revenues	1.1B	-244M	-86.75M	1.15B	157M
Gross Profit	1.1B	-244M	-86.75M	1.15B	157M
Selling General & Admin Expenses, Total	25.2M	29.62M	23.09M	27.31M	32.5M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	25.2M	29.62M	23.09M	27.31M	32.5M
Operating Income	1.07B	-273M	-110M	1.12B	124M
Interest Expense, Total	-996K	-973K	-1.6M	-1.87M	-1.79M
Net Interest Expenses	-996K	-973K	-1.6M	-1.87M	-1.79M
Currency Exchange Gains (Loss)	-4.38M	17.54M	8.41M	-1.29M	-1.65M
EBT, Excl. Unusual Items	1.07B	-257M	-103M	1.12B	121M
EBT, Incl. Unusual Items	1.07B	-257M	-103M	1.12B	121M
Income Tax Expense	2.43M	2M	2.15M	1.94M	2.37M
Earnings From Continuing Operations	1.06B	-259M	-105M	1.12B	118M
Net Income to Company	1.06B	-259M	-105M	1.12B	118M
Net Income - (IS)	1.06B	-259M	-105M	1.12B	118M
Net Income to Common Incl Extra Items	1.06B	-259M	-105M	1.12B	118M
Net Income to Common Excl. Extra Items	1.06B	-259M	-105M	1.12B	118M
Per Share Items
Net EPS - Basic	0.78	-0.19	-0.08	0.9	0.1
Basic EPS - Continuing Operations	0.78	-0.19	-0.08	0.9	0.1
Basic Weighted Average Shares Outstanding	1.37B	1.35B	1.29B	1.23B	1.19B
Net EPS - Diluted	0.78	-0.19	-0.08	0.9	0.1
Diluted EPS - Continuing Operations	0.78	-0.19	-0.08	0.9	0.1
Diluted Weighted Average Shares Outstanding	1.37B	1.35B	1.29B	1.23B	1.19B
Normalized Basic EPS	0.49	-0.12	-0.05	0.57	0.06
Normalized Diluted EPS	0.49	-0.12	-0.05	0.57	0.06
Supplemental Items
EBITA	1.07B	-273M	-110M	1.12B	124M
EBIT	1.07B	-273M	-110M	1.12B	124M
Total Revenues (As Reported)	1.09B	-226M	-78.34M	1.15B	155M
Effective Tax Rate - (Ratio)	0.23	-0.78	-2.08	0.17	1.96
Normalized Net Income	666M	-160M	-64.4M	698M	75.45M
Supplemental Operating Expense Items
Marketing Expenses	-	25K	-	-	-
Selling and Marketing Expenses	-	25K	-	-	-
General and Administrative Expenses	25.2M	29.59M	23.09M	27.31M	32.5M
Research And Development Expense From Footnotes	-	-	-	-	-

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	216M	311M	239M	103M	189M
Total Cash And Short Term Investments	216M	311M	239M	103M	189M
Accounts Receivable, Total	34.38M	29.32M	18.35M	34.61M	38.36M
Other Receivables	197K	326K	417K	399K	501K
Total Receivables	34.58M	29.64M	18.77M	35.01M	38.86M
Prepaid Expenses	1.68M	1.74M	2.22M	2.94M	1.38M
Other Current Assets, Total	4.09M	6.48M	2.57M	9.56M	12.96M
Total Current Assets	257M	349M	263M	151M	242M
Long-term Investments	3.24B	2.81B	2.64B	3.71B	3.66B
Total Assets	3.5B	3.16B	2.9B	3.86B	3.91B
Liabilities
Accounts Payable, Total	29.15M	49.42M	19.28M	6.88M	17.68M
Accrued Expenses, Total	7.09M	6.73M	2.21M	2.86M	2.86M
Short-term Borrowings	3.47M	-	-	437K	1.05M
Current Portion of Long-Term Debt	-	52.04M	-	48.04M	-
Other Current Liabilities	-	1.13M	2.34M	1.55M	1.8M
Total Current Liabilities	39.71M	109M	23.84M	59.77M	23.38M
Long-Term Debt	51.11M	-	50.84M	-	78.73M
Total Liabilities	90.82M	109M	74.69M	59.77M	102M
Common Stock, Total	34.33M	34.33M	34.33M	34.33M	34.33M
Additional Paid In Capital	223M	223M	223M	223M	223M
Retained Earnings	3.13B	2.77B	2.55B	3.53B	3.53B
Comprehensive Income and Other	20.34M	20.34M	20.34M	20.34M	20.34M
Total Common Equity	3.41B	3.05B	2.83B	3.8B	3.8B
Total Equity	3.41B	3.05B	2.83B	3.8B	3.8B
Total Liabilities And Equity	3.5B	3.16B	2.9B	3.86B	3.91B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.36B	1.31B	1.25B	1.2B	1.16B
ECS Total Common Shares Outstanding	1.37B	1.32B	1.26B	1.21B	1.17B
Book Value / Share	2.5	2.31	2.24	3.15	3.25
Tangible Book Value	3.41B	3.05B	2.83B	3.8B	3.8B
Tangible Book Value Per Share	2.5	2.31	2.24	3.15	3.25
Total Debt	54.58M	52.04M	50.84M	48.47M	79.78M
Net Debt	-162M	-259M	-188M	-54.56M	-109M
Account Code - Inventory Valuation	3	3	-	3	3

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	1.06B	-259M	-105M	1.12B	118M
(Gain) Loss on Sale of Investments - (CF)	-1.13B	254M	107M	-1.15B	-129M
Other Operating Activities, Total	94.44M	184M	41.93M	41.95M	184M
Change In Accounts Receivable	116K	-64K	-472K	-742K	1.55M
Change In Accounts Payable	5.72M	-355K	-4.58M	641K	-9K
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	36.32M	178M	38.5M	9.31M	176M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	9.87M	-	-	-	78.31M
Total Debt Issued	9.87M	-	-	-	78.31M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-10.3M	-	-	-	-46.69M
Total Debt Repaid	-10.3M	-	-	-	-46.69M
Issuance of Common Stock	57.08M	-	-	-	-
Repurchase of Common Stock	-17.05M	-98M	-116M	-140M	-118M
Other Financing Activities, Total	-	-	-1.54M	-1.87M	-1.84M
Cash from Financing	39.6M	-98M	-118M	-142M	-87.91M
Foreign Exchange Rate Adjustments	-9.86M	18.46M	7.22M	-4.1M	-2.57M
Net Change in Cash	66.06M	98.63M	-72.27M	-136M	85.27M
Supplemental Items
Cash Interest Paid	-	-	1.54M	1.87M	1.78M
Cash Income Tax Paid (Refund)	2.5M	2.12M	2.24M	1.91M	2.46M
Levered Free Cash Flow	666M	-148M	-88.79M	663M	81.83M
Unlevered Free Cash Flow	666M	-147M	-87.79M	664M	82.95M
Change In Net Working Capital	3.47M	-23.53M	19.14M	36.5M	-5.35M
Net Debt Issued / Repaid	-430K	-	-	-	31.62M

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	22.64	-5.13	-2.26	20.7	2
Return on Total Capital	22.98	-5.2	-2.3	20.81	2.01
Return On Equity %	37.21	-8.01	-3.58	33.63	3.11
Return on Common Equity	37.21	-8.01	-3.58	33.63	3.11
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	2.3	-12.16	-26.62	2.38	20.74
EBITA Margin %	97.7	112.16	126.62	97.62	79.25
EBIT Margin %	97.7	112.16	126.62	97.62	79.25
Income From Continuing Operations Margin %	96.99	106.18	121.25	97.18	75.55
Net Income Margin %	96.99	106.18	121.25	97.18	75.55
Net Avail. For Common Margin %	96.99	106.18	121.25	97.18	75.55
Normalized Net Income Margin	60.76	65.85	74.23	60.84	48.16
Levered Free Cash Flow Margin	60.69	60.69	102.35	57.73	52.24
Unlevered Free Cash Flow Margin	60.75	60.44	101.2	57.83	52.95
Asset Turnover
Asset Turnover	0.37	-0.07	-0.03	0.34	0.04
Short Term Liquidity
Current Ratio	6.46	3.19	11.02	2.52	10.35
Quick Ratio	6.31	3.12	10.82	2.31	9.74
Operating Cash Flow to Current Liabilities	0.91	1.63	1.61	0.16	7.52
Long Term Solvency
Total Debt/Equity	1.6	1.71	1.8	1.27	2.1
Total Debt / Total Capital	1.58	1.68	1.77	1.26	2.05
LT Debt/Equity	1.5	-	1.8	-	2.07
Long-Term Debt / Total Capital	1.48	-	1.77	-	2.03
Total Liabilities / Total Assets	2.6	3.46	2.57	1.55	2.61
EBIT / Interest Expense	1.08K	-280.79	-68.74	597.94	69.52
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	189.96	-122.21	-64.39	-1.42K	-86.35
Gross Profit, 1 Yr. Growth %	189.96	-122.21	-64.39	-1.42K	-86.35
EBITA, 1 Yr. Growth %	199.35	-125.5	-59.79	-1.12K	-88.92
EBIT, 1 Yr. Growth %	199.35	-125.5	-59.79	-1.12K	-88.92
Earnings From Cont. Operations, 1 Yr. Growth %	195.38	-124.32	-59.33	-1.16K	-89.39
Net Income, 1 Yr. Growth %	195.38	-124.32	-59.33	-1.16K	-89.39
Normalized Net Income, 1 Yr. Growth %	194.56	-124.07	-59.85	-1.18K	-89.2
Diluted EPS Before Extra, 1 Yr. Growth %	188.7	-124.67	-57.58	-1.21K	-88.98
Accounts Receivable, 1 Yr. Growth %	-17.76	-14.73	-37.4	88.6	10.82
Total Assets, 1 Yr. Growth %	44.87	-9.7	-8.15	33.12	1.1
Tangible Book Value, 1 Yr. Growth %	47.66	-10.5	-7.3	34.52	0.01
Common Equity, 1 Yr. Growth %	47.66	-10.5	-7.3	34.52	0.01
Cash From Operations, 1 Yr. Growth %	-155.57	390.55	-78.5	-75.82	1.79K
Levered Free Cash Flow, 1 Yr. Growth %	210.69	-122.21	-39.94	-846.35	-87.65
Unlevered Free Cash Flow, 1 Yr. Growth %	209.84	-122.1	-40.37	-856.17	-87.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	64	-19.75	-71.88	117.08	34.38
Gross Profit, 2 Yr. CAGR %	64	-19.75	-71.88	117.08	34.38
EBITA, 2 Yr. CAGR %	66.9	-12.63	-67.98	102.52	6.31
EBIT, 2 Yr. CAGR %	66.9	-12.63	-67.98	102.52	6.31
Earnings From Cont. Operations, 2 Yr. CAGR %	66.51	-15.25	-68.55	107.67	6.08
Net Income, 2 Yr. CAGR %	66.51	-15.25	-68.55	107.67	6.08
Normalized Net Income, 2 Yr. CAGR %	66.31	-15.79	-68.91	108.66	8.24
Diluted EPS Before Extra, 2 Yr. CAGR %	64.61	-15.61	-67.65	117.23	10.73
Accounts Receivable, 2 Yr. CAGR %	-0.75	-16.26	-26.94	8.66	44.57
Total Assets, 2 Yr. CAGR %	31.15	14.38	-8.92	10.58	16.01
Tangible Book Value, 2 Yr. CAGR %	32.7	14.96	-8.91	11.67	15.99
Common Equity, 2 Yr. CAGR %	32.7	14.96	-8.91	11.67	15.99
Cash From Operations, 2 Yr. CAGR %	-29.11	65.1	2.96	-77.2	113.65
Levered Free Cash Flow, 2 Yr. CAGR %	65.78	-16.93	-63.48	111.72	-4
Unlevered Free Cash Flow, 2 Yr. CAGR %	65.62	-17.25	-63.7	112.34	-2.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	51.64	-15.78	-38.79	1.53	-13.68
Gross Profit, 3 Yr. CAGR %	51.64	-15.78	-38.79	1.53	-13.68
EBITA, 3 Yr. CAGR %	54.77	-10.78	-32.55	1.5	-23.12
EBIT, 3 Yr. CAGR %	54.77	-10.78	-32.55	1.5	-23.12
Earnings From Cont. Operations, 3 Yr. CAGR %	55.19	-12.31	-33.65	1.6	-22.94
Net Income, 3 Yr. CAGR %	55.19	-12.31	-33.65	1.6	-22.94
Normalized Net Income, 3 Yr. CAGR %	55.05	-12.68	-34.22	1.58	-22.23
Diluted EPS Before Extra, 3 Yr. CAGR %	53.77	-12.57	-32.9	5.19	-19.58
Accounts Receivable, 3 Yr. CAGR %	60.1	-5.65	-24	0.23	9.37
Total Assets, 3 Yr. CAGR %	29.69	15.81	6.32	3.36	7.33
Tangible Book Value, 3 Yr. CAGR %	30	16.38	7	3.73	7.64
Common Equity, 3 Yr. CAGR %	30	16.38	7	3.73	7.64
Cash From Operations, 3 Yr. CAGR %	9.96	35.09	-16.17	-36.48	-0.63
Levered Free Cash Flow, 3 Yr. CAGR %	51.38	-15.17	-25.44	-0.15	-17.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	51.32	-15.37	-25.81	-0.12	-17.41
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	130.23	-11.79	-22.71	23	-16.16
Gross Profit, 5 Yr. CAGR %	130.23	-11.79	-22.71	23	-16.16
EBITA, 5 Yr. CAGR %	164.51	-9.31	-17.59	23.84	-19.08
EBIT, 5 Yr. CAGR %	164.51	-9.31	-17.59	23.84	-19.08
Earnings From Cont. Operations, 5 Yr. CAGR %	164.04	-10.48	-18.05	23.8	-19.95
Net Income, 5 Yr. CAGR %	164.04	-10.48	-18.05	23.8	-19.95
Normalized Net Income, 5 Yr. CAGR %	160.6	-10.67	-18.47	23.72	-19.72
Diluted EPS Before Extra, 5 Yr. CAGR %	162.25	-10.83	-17.57	25.83	-18.01
Accounts Receivable, 5 Yr. CAGR %	22.95	7.92	16.98	-0.17	-1.71
Total Assets, 5 Yr. CAGR %	32.71	19.35	12.59	13.69	10.09
Tangible Book Value, 5 Yr. CAGR %	33.59	19.49	12.76	14.47	10.51
Common Equity, 5 Yr. CAGR %	33.59	19.49	12.76	14.47	10.51
Cash From Operations, 5 Yr. CAGR %	18.65	58.07	7.1	-33.63	21.87
Levered Free Cash Flow, 5 Yr. CAGR %	145.21	-11.46	-14.28	22.3	-17.51
Unlevered Free Cash Flow, 5 Yr. CAGR %	143.48	-11.56	-14.51	22.28	-17.35