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JTC delivers 'resilient performance' in FY25, posts record new business wins

(Sharecast News) - Professional services firm JTC said on Thursday that it had delivered "a resilient performance" in 2025, with record new business wins and balanced growth across both its Institutional Capital Services and Private Capital Services divisions. JTC said both its ICS and PCS divisions had posted new business growth of more than 20% in FY25 despite ongoing macroeconomic headwinds, which resulted in longer lead times, impacting short-term net organic revenue growth, which "nevertheless grew strongly".

The FTSE 250-listed group noted that it had completed its acquisition of Citi's global fiduciary and trust administration arm in July, strengthening its position as the world's largest independent provider of global trust services. Integration was said to be progressing to plan.

JTC added that its purchase of Kleinwort Hambros Trust closed in the final quarter and was now expected to be earnings‑accretive in 2026, adding complementary PCS capabilities and a small Employer Solutions unit to ICS. The firm also highlighted that overall trading for the year was in line with internal expectations.

Chief executive Nigel Le Quesne said: "We were pleased with our progress during 2025, including another record year of new business wins, despite continued macro-economic challenges in many markets, especially those relating to our ICS Division.

"As we look ahead to the next exciting chapter in JTC's growth journey, I would particularly like to express my thanks to our outstanding employee-owners, who continue to focus on what we do best, delivering service excellence for all our clients."

As of 0830 GMT, JTC shares were up 0.15% at 1,294p.

Reporting by Iain Gilbert at Sharecast.com

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