Rockwood Strategic plc
(“RKW” or the “Company”)
Full year results for the year ended 31 March 2025
Rockwood Strategic plc (AIM: RKW) is pleased to announce its audited results for the year ended 31 March 2025.
Highlights
- NAV Total Return performance in the twelve months to 31 March 2025 of 21.0% to 248.79p/share*, which compares to a decline in the FTSE Aim All-Share of 8.2% and a rise in the FTSE Small Cap (ex-ITs) of 3.4%.
- The Total Shareholder Return in this period was 20.8%*.
- NAV Total Return performance in the three years to 31 March 2025 of 54.5%, which compares to a decline in the FTSE Small Cap (ex-Investment Trusts) of 6.6% and a decline in the FTSE Aim All-Share of 34.6%. The Total Shareholder Return in this period was 78.6%*.
- Maintained price of shares at an average premium to NAV of 2.9%*.
- Significant investor demand resulted in issuance of 7.6 million new shares, increasing the share count by 24.5% and, alongside performance, growing NAV to £96.6m from £64.3m. NAV has grown 135.6% in the last three years.
- Recognition of the strategy’s success through multiple industry awards, including Best UK Smaller Companies in Investment Week’s Investment Company of the Year Awards; Best UK Small Companies Trust in the Citywire Investment Trust Awards 2024; and Best for UK Exposure in QuotedData’s Investors’ Choice Awards.
Post Period End
- NAV Total Return performance since period end to 13 June 2025 of 10.0% and year-to-date of 5.8% to 273.59p per share.
- Realised gain in National World Plc due to a successful takeover offer generating a 73.2% IRR.
- Entry into FTSE All-Share Index and FTSE Small Cap Index, due to increased scale.
- Further issuance of 3,837,000 new shares, increasing NAV to £116.7m as at 13 June 2025.
- Fund is the No.1 Small Companies Investment Trust over the last 3 and 5 years.
Noel Lamb, Chairman of Rockwood Strategic plc, commented:
“These results speak for themselves. Rockwood Strategic is clearly demonstrating that its differentiated approach works. We are delighted that through our issuance programme many new investors are becoming shareholders and we are able to continue to scale the Trust and deploy capital into this overlooked part of the UK stock market.”
Richard Staveley, Fund Manager, Rockwood Asset Management said:
“Undistracted by the noise of geo-political events, we continue to work hard at finding outstanding investment opportunities in the smallest of UK publicly listed equities. A concentrated portfolio, full of incredibly undervalued equities, is now in place, with identifiable catalysts across our investments to unlock, create or realise value for shareholders. We have delivered our target returns during a sustained challenging period for UK equities. We have high confidence that this will continue, given the upside we see in our new and maturing portfolio holdings; patience will be rewarded.”
The full version of the RKW 2025 Annual Report and Notice of AGM has been published and will shortly be available on the Company’s website at www.rockwoodstrategic.co.uk.
* These are considered to be Alternative Performance Measures (APMs).
Change of Company Secretary and Registered Office
The Company also announces that Ben Harber has been appointed as Company Secretary with immediate effect. Mr Harber has taken over the role as Company Secretary from SGH Company Secretarial Limited who have fulfilled the role as Company Secretary since June 2019.
The Company’s registered office has also changed to C/o Arch Law Limited, Level 2, Huckletree, 8 Bishopsgate, London, EC2N 4BQ with immediate effect.