Oakley Capital Investments reported a 6% rise in its Net Asset Value (NAV) for 2025, reaching £1.23 billion, or 738 pence per share. The company's total NAV return was 6%, equivalent to 45 pence per share. This positive performance was largely fueled by earnings growth across its portfolio companies, accounting for about 90% of valuation gains.

During the year, Oakley invested £197 million, approximately 16% of its NAV, while generating £92 million from exits and refinancings. Key realizations included a partial sale of vLex and the exit of atHome. The firm also completed a £50 million share buyback program. Liquidity at year-end stood at £191 million, split between cash and undrawn credit facilities.

This performance reflects the company's focus on earnings growth and successful exits. Oakley Capital maintained a cautious approach to valuation multiples. With £992 million in outstanding fund commitments, expected to be deployed over the next five years, investors will watch for how these investments impact future NAV.

Shareholders saw a total return of 15% for the year. The company's management has earmarked at least another £50 million for buybacks in 2026, signaling confidence in its portfolio and commitment to returning value to investors. The buyback program supports the NAV per share.