Intermediate Capital Group (LON:ICG) Releases Earnings Results

Intermediate Capital Group (LON:ICG) announced its quarterly earnings data on Thursday. The company reported GBX 166.80 earnings per share for the quarter, Digital Look Earnings reports. Intermediate Capital Group had a net margin of 53.05% and a return on equity of 23.35%. The business had revenue of GBX 103.60 billion for the quarter.

Here are the key takeaways from Intermediate Capital Group’s conference call:

• ICG delivered a strong FY 2026, with fundraising of $17 billion, Fee Earning AUM up 11% to $87 billion, FRE up 23% to GBP 350 million, and record group operating cash flow of GBP 861 million.
• Fundraising meaningfully beat expectations, led by a record year in real assets and strong closes across scaling strategies; the firm also highlighted its Amundi partnership as a long-term wealth-channel growth opportunity.
• Management emphasized strong investment performance and client demand, citing market-leading DPI in higher-return strategies, 83 new institutional LPs added during the year, and continued share gains across flagship and scaling platforms.
• ICG ended the year with a much stronger balance sheet, cutting net debt to GBP 113 million and maintaining GBP 1.5 billion of liquidity, while reiterating a capital allocation priority of the progressive dividend, reaching zero net debt, and then considering buybacks or other uses of capital.
• Outlook remains constructive but cautious, with management expecting FY 2027 fundraising to be lower than FY 2026 due to the cycle, while still seeing opportunities to deploy dry powder selectively amid a challenging macro and valuation backdrop.

Intermediate Capital Group Price Performance

LON ICG opened at GBX 1,866 on Friday. The firm’s fifty day moving average price is GBX 1,703.79 and its 200 day moving average price is GBX 1,839.50. The company has a market capitalization of £5.33 billion, a price-to-earnings ratio of 9.17 and a beta of 1.40. Intermediate Capital Group has a 12 month low of GBX 1,424.88 and a 12 month high of GBX 2,340.

Insiders Place Their Bets

In related news, insider David Bicarregui bought 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were purchased at an average cost of GBX 1,493 per share, with a total value of £447,900. Also, insider Matthew Lester bought 504 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average cost of GBX 1,584 per share, for a total transaction of £7,983.36. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ICG shares. UBS Group restated a “neutral” rating and issued a GBX 2,150 price objective on shares of Intermediate Capital Group in a report on Monday. Citigroup reduced their price objective on shares of Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Jefferies Financial Group reduced their price objective on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,456.57.

Intermediate Capital Group Company Profile

ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.