Total NAV Return per Share was 26 pence, representing a 4% increase since the year-end.
NAV per Share
708p
Importance
Represents the underlying value of each share.
Performance
OCI's NAV per share has increased to 708 pence in the period, net of 2.25 pence dividend paid to shareholders. The continued positive NAV growth demonstrates the underlying quality of OCI's asset base.
Total NAV Return per Share
4%
Importance
Represents shareholder value creation through dividends and NAV growth.
Performance
OCI reported a 4% NAV return for the first 6 months, matching the full-year growth achieved in the prior period, providing consistent shareholder value creation.
Total Shareholder Return
5%
Importance
Represents a shareholder's return on investment share price growth and dividends received.
Performance
Total Shareholder Return was 5% for the 6 month period, contributing to consistent long-term returns for the shareholders.
Figures presented for 2024 are for the 6 months to 30 June 2024, and both the 2023 and 2022 comparatives are annual.
OCI assesses its performance using a variety of measures that are not specifically defined under IFRS and are therefore termed Alternative Performance Measures ('APMs'). These APMs have been used as they are considered by the Board to be the most relevant bases for shareholders in assessing the performance of the Company. The APMs used by the Company are listed in the Glossary, along with their definition/explanation, their closest IFRS measure and, where appropriate, reconciliations to those IFRS measures.