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Annual results 2025: delivering tomorrow’s growth today

Dive into a comprehensive overview of our performance, dividends, and the investment process that continues to drive returns. The report offers deep insight into portfolio positioning and the top holdings - highlighting both familiar names like Samsung, Alibaba, and LG Corp, as well as emerging players you may not yet know.

Explore where our Citywire AAA-rated managers, Chetan Sehgal and Andrew Ness, see the most compelling opportunities across global emerging markets. Learn how the portfolio has evolved over the past year - and what lies ahead.

Financial highlights: for 12 months to 31 March 2025

13.3%

Increase in share price total return for shareholders

7.5%

Ahead of MSCI Emerging Markets index benchmark return of 5.8%

5.25p

Proposed total annual dividend increased above the 5.00p paid last year, which the Board set as the minimum for the next five years (announced June 2024).

95.7%

Share price total return over 10 years - over 20% higher than the benchmark

#1

TEMIT is the largest and most liquid investment trust in the AIC Emerging Markets sector* with over 1 billion shares in issue.

Stewardship report 2025

The company’s Annual Stewardship Report is also available with case studies and real-life examples of our activity.

Since the company’s year-end, optimism around emerging markets has grown. Even Bank of America has flagged emerging markets as "the next bull market," particularly in light of diminished confidence in U.S. assets following Moody's downgrade of the U.S. credit rating.

And with ‘Double discounts on emerging markets’ coupled with high earnings forecasts, has there ever been a better time to discover more about TEMIT and the growth and income potential on offer?
 

“The investment managers deserve congratulation for this performance.”

Angus Macpherson

Chairman of Board

Annual Report

Full results are available in the Annual Report and Audited Accounts 2025