Net Asset Value(s)

Smithson Investment Trust plc reported an unaudited net asset value on an AIC basis of 1,630.25p per ordinary share (including income) as at close of business on 11 December 2025.

Analysis

Smithson Investment Trust plc reported an unaudited net asset value on an AIC basis of 1,630.25p per ordinary share (including income) as at the close of business on 11 December 2025. The release is a single NAV datapoint without accompanying market price, audited confirmation, or portfolio detail in the published text.

The update is presented on the AIC basis and explicitly labelled unaudited, which means the figure is a provisional valuation rather than a final, audited metric. Because no share price or prior NAV is provided, investors cannot calculate the trust’s premium/discount from this notice alone; the separate market-impact signal is neutral-to-low, consistent with a routine NAV publication.

The informational value is limited to confirming the trust’s per-share NAV level at that date; it does not speak to recent performance drivers, asset allocation, or forthcoming distributions. Investors should therefore treat this as a technical data point and seek the audited NAV, trading price, and manager commentary before changing position sizes or making valuation judgments.

Key Decisions for Investors

• Compare the 1,630.25p NAV to the current market price to determine the trust’s premium or discount before adjusting exposure
• Treat this figure as provisional because it is unaudited and await the audited NAV and manager commentary before making material allocation changes
• Monitor subsequent disclosures and portfolio-level metrics (performance drivers, allocations, and distributions) rather than relying on this single NAV print