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JTC PLC shares jumped on Thursday as it agreed a deal to buy an estate planning firm and said net organic revenue growth was above 10% in the first half of the year. The Jersey-based professional services company said it delivered a ‘resilient and sector-leading performance’ in the first half of 2025. In response, JTC shares were up 15% at 946.00 pence in London on Thursday afternoon. The company said net business wins in the period increased 3.7% to £19.5 million from £18.8 million, with a lifetime value of around £275 million. The Private Client Services division recorded net organic growth of 15% during the period. Net organic growth in the Institutional Client Services division was 8.2%. JTC said it was hurt by ‘macro-economic inertia’ which affected the pace at which projects moved forward. ‘Continuing to achieve double-digit net organic revenue growth is a sector-leading performance, and I am delighted that the group has once again posted record new business wins,’ said Chief Executive Officer Nigel Le Quesne. ‘Alongside our organic growth, the acquisition of Citi’s global fiduciary and trust administration services business has gone extremely well and we are already 12 months ahead of our original predictions in terms of achieving a margin within group guidance.’ JTC in September last year agreed to buy Citigroup Inc’s global fiduciary and trust administration services business for $80 million, completing the purchase at the beginning of this month. On Thursday, JTC said it has agreed to buy Kleinwort Hambros Trust Co (CI) Ltd from Union Bancaire Privee SA for £20 million in cash. KHT provides ‘trust and estate planning services to ultra and high net worth individuals and families’, JTC said. It also provides share scheme and pension scheme administration services to global corporate clients. After the completion of the deal, JTC will partner with Union Bancaire Privee and ‘foster a collaborative relationship with the wider bank, through which JTC will benefit from the referral of new clients and trust relationships’. The acquisition is expected to complete in the fourth quarter and be accretive to earnings per share in 2026. ‘Building on our recent successful acquisitions of SDTC and Citi Trust, this acquisition will bring us greater scale in the UK and Channel Islands with added opportunities to offer our wide range of services to KHT’s existing clients,’ said CEO Le Quesne. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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