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SDCL Efficiency Income Trust PLC on Wednesday said its manager continues to progress disposal processes to create liquidity and streamline the portfolio as it noted its portfolio delivered operational performance in line with budget. The London-based investment trust focused on energy efficiency and decarbonisation said its portfolio performed in line with expectations in the six months to September 30, noting a ‘strong’ performance from a combination of sales from core business at Driva, as new energy-as-a-service projects delivered earnings before interest, tax, depreciation and amortisation above budget. Jonathan Maxwell, chief executive officer of the investment manager SDCL said: ‘SEIT’s portfolio continues to deliver operational performance that is broadly in line with expectations, despite having limited access to growth capital from SEIT itself. We are actively progressing disposals as a priority and reported a small successful disposal during the period, which completed at a significant premium to NAV. It is intended that proceeds of additional disposals will be used to reduce SEIT’s drawings under its revolving credit facilities and, in due course, to return capital to shareholders through share buybacks or a tender offer.’ SDCL said: ‘The manager continues to progress other disposal processes to create liquidity and streamline the portfolio and will update shareholders as these processes reach fruition.’ The company expects to release its half-year results in early December. SDCL shares were 0.6% lower at 56.24 pence each on Wednesday around noon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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