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JZ Capital Partners Ltd on Thursday said its US portfolio remained strong, despite a drop in net asset value during financial 2025. The Guernsey, Channel Islands-domiciled investment firm targets US and European micro-cap companies, as well as US real estate. JZ Capital’s net asset value at the February 28 year-end was $274.6 million, down 13% from $316.1 million on-year. Net asset value per share was $4.06, down 0.5% from $4.08. The firm’s European investments remained flat during the year, but the US portfolio posted a net increase per share of 12 US cents. This was the result of net accrued income of 4 US cents per share, and an uplift of 5 US cents per share for investee Deflecto LLC upon realisation. Total realisation and distribution proceeds for the 12-month period were $47.4 million, compared to $78.4 million the year prior. JZ Capital said it is debt-free as of June 12, with $77 million in cash and treasuries, in addition to investments, which amount to approximately $167 million. JZ Capital said it has two remaining properties with equity value, a Florida office building and a New York retail building with Apple Inc as the primary tenant. The Florida holding is among the assets which JZ Capital has said will require further investment. The firm has reserved $20.5 million for investment via Flex Pack through JZHL Secondary Fund LP. As of Thursday, $12.3 million of this has been invested in existing assets. The company set no final dividend for financial 2025, unchanged from the year prior. JZ Capital said it has returned $70 million to shareholders since implementing its current investment policy in 2020. ‘The company continues to be in a strong financial position,’ commented Chair David MacFarlane. ‘The board and the investment adviser continue to be focused on the implementation of the company’s investment policy by the maximisation of the value of the company’s remaining investments, their orderly realisation and the return of capital to shareholders.’ JZ Capital shares were down 7.0% at 188.00 pence each on Thursday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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