Herald Investment Trust PLC reported a dramatic improvement in half-year 2026 results, with profit before taxation of about £363.39 million, up from £31.79 million a year earlier, driven by substantial realised gains of roughly £339.46 million and additional unrealised gains of about £21.14 million. After tax, profit rose to approximately £363.22 million and earnings per share surged to 758.94 pence from 62.75 pence, while basic and diluted EPS from continuing operations were about £7.5894. Net asset value per share as of June 30, 2026 reached 3,459.4 pence, about 28% higher than year-end 2025, with income also edging higher to £9.103 million from £8.020 million. The company’s market activity reflected a stock price around 2,975 pence, up modestly, amid positive investor reception to the results. In governance news, the six-month period included the resolution of an impasse with activists and a plan to appoint Aberdeen Investments as the new AIFM on August 1, 2026, accompanied by leadership moves from Herald Investment Management Limited to Aberdeen, ensuring continued management and optional exit rights for shareholders.