Audited Statement of Results for the Year Ended 31.12.2025

PLEASE SEE ATTACHMENT FOR THE FULL STATEMENT OF RESULTS F&C INVESTMENT TRUST PLC Audited Statement of Results for the year ended 31 December 2025 LEI: 213800W6B18ZHTNG7371 Information disclosed in accordance with DTR 4.1.3 16 March 2026 F&C Investment Trust plc ('F&C'/the 'Company') today announces its results for the year ended 31 December 2025. • F&C’s share price was 1,252 pence representing a share price total return of +14.6%, against the return from its benchmark, the FTSE All-World Index, of +14.2%. • Over ten years £1,000 invested in F&C on 1 January 2016, assuming dividends had been reinvested in the Company's shares, would be worth £3,283 as at 31 December 2025. • The Company has delivered a total shareholder return of 619.1% over the twenty-year period to the end of 2025, equivalent to 10.4% per annum. • The final dividend will be 5.2 pence per share will, subject to shareholder approval at the AGM, bring the total dividend for the year to 16.6 pence per share, a 6.4% increase and the 55th consecutive annual increase. Commenting on the markets, Paul Niven, Fund Manager said: “Stronger earnings foundations, more opportunities within global equity markets and a more even distribution of market leadership support a favourable environment for diversified global equity investors.” The Chairman, Beatrice Hollond, commented: “Over the ten years to the end of 2025 your Company delivered a share price total return equivalent to +12.6% per annum” The full results statement is attached. Past performance should not be seen as an indication of future performance. The value of investments and income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested. Contacts Paul Niven – Fund Manager 020 3530 6396 Campbell Hood campbell.hood@columbiathreadneedle.com 07860 911 622 Lansons Tom Straker columbiathreadneedle@lansons.com 07505 425 961 About F&C: • Founded in 1868 – the oldest collective investment trust • A diversified portfolio provides exposure to most of the world's stock markets, with exposure to just under 400 individual companies across the globe • Its aim is to generate long-term growth in capital and income by investing primarily in an international portfolio of listed equities Visit our website: fandc.com   Chairman’s Statement Dear Shareholder, 2025 was a good year for shareholder returns with our +14.6% share price total return exceeding that of our benchmark index, which returned +14.2% over the year. Despite this positive outturn there was significant volatility in equity markets, and our share price, over the course of the year. Early in the second quarter there was a sharp market downturn as markets responded to aggressive tariff announcements from the US administration and rising fears of a trade war. As tensions eased, equities rebounded strongly, and our share price ended the year at an all-time high. Weakness in the US dollar, which declined sharply against sterling during the first half of the year, eroded returns from our US holdings. This coincided with a change in the longstanding dominance of the US equity market. International markets outperformed the US and there was also a broadening of leadership within the equity markets beyond the large US technology stocks which have been a main driver of US equity returns in recent years. Indeed, while the Artificial Intelligence (‘AI’) theme remained important, there was far greater discrimination from investors between perceived winners and losers. In part, this trend reflected investors’ response to significant increases in capital expenditure plans related to the AI theme and concerns over the future profitability of these companies. As the year drew to a close, markets were buoyed by another year of strong growth in corporate earnings and a supportive fundamental backdrop, with economic growth relatively robust, modest rates of inflation, albeit above central bank targets, and ongoing cuts in interest rates from most major global central banks. While our share price total return exceeded that of our benchmark, our net asset value (‘NAV’) total return, taking debt at market value, of +11.6% underperformed the benchmark. However, both our shareholder and NAV total returns were better than the median of our closed and open-ended peers for the year and it is very pleasing that we remain ahead of the peer group median over one, three, five and ten years. Indeed, our NAV total returns are the strongest of any peer over the five years to the end of 2025. The level of consistency of our excess returns relative to the closed-end peer group of global investment trusts is unique. Our NAV, with debt at market value, rose from 1219.6p per share to 1343.4p per share and our share price rose from 1,108p to 1,252p. Our share price discount to NAV narrowed from 9.2% at the start of the year to 6.8% by the end. This was accretive to shareholder returns over the year. We bought back 1.7% of our issued capital, a total of 8.1m shares, significantly less than in 2024. We remain committed towards our objective of achieving a sustainably low deviation between our share price and NAV, as well as reducing the volatility of the discount. We enjoyed strong absolute returns from all components of our listed equity strategies over the year but, while some of our US value holdings produced high levels of excess returns and our emerging markets allocation performed well, disappointing relative returns from our European portfolio and those of some of our US components hampered our overall return relative to the benchmark index. This was despite the decision to hold underweight positions in most of the so-called “Magnificent Seven” stocks relative to the benchmark, which did add relative value over the year. Our private equity portfolio again produced respectable absolute returns over the year, but performance was significantly behind that of the listed global equity benchmark. As our investment portfolio has significant investments in US assets, the decline in the US dollar (of -6.9%) against sterling was detrimental to returns but, in a year where markets rose strongly, our gearing added value over the year. I am delighted to report that we were awarded the Investment Week Investment Company of the Year Global Award 2025. These awards highlight outstanding managers who have delivered consistently strong performance for investors across a variety of sectors, and who the judges believe can continue to perform well in the future. Contributors to total returns in 2025 (%) Portfolio return(1) 11.2 Management fees -0.4 Interest and other expenses -0.1 Share buybacks 0.1 Change of value of debt -0.1 Gearing/other 0.9 NAV total return 11.6 Change in share price discount 3.0 Share price total return 14.6 FTSE All-World (Total Return) Index 14.2 Source: Columbia Threadneedle Investments LONG-TERM RESULTS We remain resolutely focused on our investment objective of securing growth in both capital and income for our shareholders over the long term. Over the ten years to the end of 2025 your Company delivered a share price total return equivalent to +12.6% per annum. Returns have remained remarkably consistent with limited losses on an annual basis over the past decade. Over the twenty-year period to 31 December 2025 the Company’s NAV return was +567.7%, equivalent to +10.0% per annum. Our capital-only return (i.e. without dividends reinvested) over the past twenty years was +384.3% (+8.2% per annum) and our shareholder total return was +619.1% (+10.4% per annum). Dividends paid to shareholders have risen by +5.6% per annum over the past decade and by 6.5% over the past twenty years. Such results continue to demonstrate the importance of compounding income and capital gains over the long term. FIFTY FIFTH CONSECUTIVE ANNUAL DIVIDEND INCREASE Our gross and net income generated in 2025 represented another record high. Gross income rose by +1.3% to £113.2m and our net revenue rose by +2.0% to £86.2m. Special dividends fell slightly to £2.8m (2024: £3.6m). The impact of currency movements reduced our income by £2.2m (2024: -£3.4m). Our Net Revenue Return per share rose by +5.6% on the year to 17.97 pence, from 17.01 pence. It remains the ambition of the Board to deliver real rises in dividends for shareholders over the long term that are sustainable. I am therefore delighted to report another rise in the proposed annual dividend, which will again be fully covered by our revenue earned in the year. Subject to approval at the Annual General Meeting (‘AGM’), shareholders will receive a final dividend of 5.2 pence per share on 6 May 2026, bringing the total dividend for 2025 to 16.6 pence: an increase of +6.4% over that of 2024. The increase compares to inflation of +3.4%, as measured by CPI and means that the growth in our dividends has exceeded UK inflation over one, three, five and ten years. Indeed, the growth in our dividends over the past decade, at +72.9%, is almost double that of UK inflation over the equivalent period (+39.7%). Furthermore, our full year 2025 dividend, as well as being our fifty fifth consecutive rise in annual dividends, is our one hundred and fifty eighth annual dividend payment for shareholders. We continue to benefit from a strong financial position with respect to both our revenue reserves (£125.5m), which represent approximately one year of dividend payments, and our capital reserves which stood at £5.78bn at the year end. As both are potentially distributable, we remain very well placed to continue our track record of increasing annual dividends well into the future. EFFICIENCY Our 2025 Ongoing Charges figure remained at 0.45%, the same level as in 2024. The Board continues to focus on delivering value for money for shareholders as part of its performance objectives and the Manager is also supportive of providing benefits of scale for its clients. With effect from 1 January 2025, the Company’s management fee has been paid at the rate of 0.3% on the first £3.5bn of the market value of the Company (down from £4bn previously) and at 0.25% on the value of the Company between £3.5bn and £6bn. A new tier was introduced, with a fee of 0.2% on market value above £6bn applying. From 1 January 2026, the level at which the 0.25% fee will start to apply has fallen further, to £3bn. I would reiterate that the revised fee arrangements ensure that your Company remains competitively positioned relative to its peers and the Board believes that, along with our strong long-term investment performance, this positions the Company to both attract and retain new shareholders over time. BORROWINGS We did not add to our total borrowings of £581.2m over the course of the year. Our cash and cash equivalent holdings were reduced from £91.1m to £84.6m. Our effective gearing level (with debt at par) fell to 8.0% from 8.6% at the start of the year. With our substantial long-term borrowings and low fixed rates on our loans that extend to 2061, we remain very well positioned to add value through investment in assets which should be expected to deliver a superior return. Our loans have a blended interest rate of approximately 2.4%, which is far below current and prospective interest rates which we would pay for short and long-dated loans. SHARE SPLIT The Board is recommending that shareholders approve at the forthcoming AGM the proposal to agree a share split for the Company’s shares, where shareholders would be issued four shares for each share that they currently hold. Our share price has risen from 258.5p per share at the end of 2005 and 449.2p per share at the end of 2015 to 1,252p per share at the end of 2025. Strong performance in our share price over many years has led to a high share price in absolute terms and the Board has received feedback from shareholders that a share split would be welcomed. The effect of a four for one share split will be to reduce the absolute level of our price per share, without altering the value of individual shareholders’ total holdings. A lower price per share will be of particular benefit to shareholders who invest monthly or elect to re-invest their dividends and may benefit the wider shareholder base through increasing the affordability and liquidity of our shares. If agreed, the share split will be effected on Monday 11 May 2026. REDUCING CARBON INTENSITY The Board remains committed to transitioning the Company's portfolio to net zero carbon emissions by 2050 ('Net Zero') and the Manager’s approach to Responsible Investment is set out in the annual report. It is pleasing to note that the portfolio’s carbon intensity decreased in 2025. However, it remains above that of the benchmark and, as I have explained previously, it is important to be aware that progress towards Net Zero will not be in the form of a straight-line trajectory. The Company has an investment objective to deliver growth in capital and income over time and the Board considers that this remains the primary objective for the Fund Manager. In the short term, delivering on the investment returns objective might periodically mean increases in the overall carbon intensity of the portfolio but, over time, we intend to reduce it both through investments in renewable energy and other decarbonisation technologies, as well as engaging with companies across our portfolio to ensure their activities are aligned or aligning to Net Zero. As a result of that engagement, companies are assessed as to whether they are aligned, aligning, committed, or not aligned to Net Zero and we also pay close attention to progress on this alignment. More detail is given in the Responsible Investment section of the annual report. The Board is also cognisant that there might be short term disruption and challenges in achieving its Net Zero target and it has identified the failure to transition to Net Zero as a principal risk. BOARD COMPOSITION Josh Bottomley was appointed to the Board on 1 September 2025, replacing Edward Knapp who stepped down from the Board on 31 July 2025. Josh is Chief Executive Officer of Dunnhumby, a global AI and analytics business. He was previously an Operating Partner at CVC Capital Partners and has held senior positions at HSBC Holdings plc, Google Inc. and LexisNexis. I will have served as a Director for nine years in September this year. I will seek re-election at the forthcoming AGM but will step down from the Board later this year. I shall miss working with the other Board members and with the management team, but I know I will be leaving your Company in very capable hands and that my fellow Directors will continue to act in shareholders’ best interests. The process to appoint my successor is underway and is being led by Quintin Price, our Senior Independent Director. A further announcement will be made in due course. F&C LIVE Following the success of the lectures that the Company has sponsored in previous years, I am pleased to report that the Company again sponsored an event this year. F&C Live was held at The Landmark London Hotel on Tuesday 3 March 2026, with the theme "The Long View: Resilience in an Age of Upheaval" and featured thought-provoking presentations from two distinguished speakers as well as our own Fund Manager, Paul Niven. Video clips will be made available to everyone on the Company’s website, fandc.com, shortly. ANNUAL GENERAL MEETING The forthcoming AGM will be a "hybrid" meeting, which will enable shareholders who cannot attend in person to view the AGM online and to participate by asking questions and voting if they wish. Full details of how to do so are set out in the letter that accompanies your Form of Proxy or Form of Direction. Voting will be conducted by way of a poll, and you are requested to lodge your votes ahead of the meeting by completing your Form of Proxy or Form of Direction in accordance with the instructions. Its completion and return will not preclude you from attending the meeting and voting in person. If you are unable to attend the AGM, you are requested to submit any questions you may have with regard to the resolutions proposed at the AGM, or the performance of the Company, in advance of the meeting to fcitagm@columbiathreadneedle.com. Following the AGM, the Fund Manager’s presentation will be available on the Company’s website at fandc.com. OUTLOOK As mentioned above, equity markets delivered strong returns over the past year, even as geopolitical events and policy shifts created periods of volatility. Encouragingly, this progress was accompanied by a widening of market leadership across regions and sectors, with a broader set of companies contributing to overall gains. 2026 has already seen significant volatility, driven by developments in US trade policy, where the Supreme Court has overturned the Liberation Day tariffs, and from the oil price shock which has resulted from the US and Israeli war with Iran. We expect volatility to remain a feature of markets during 2026. The global environment is undergoing a period of significant transition. Shifts in geopolitical relationships, supply chain structures and economic policy frameworks are reshaping the backdrop for investors. At the same time, the long standing dominance of the US equity market - powered by a remarkable group of highly profitable, capital-light technology companies - is evolving. While it is too early to call an end to US or technology leadership, despite near term stress in global equity markets, the balance of drivers is changing and we see a more diverse set of opportunities emerging across global markets. A major catalyst for this shift is the scale and speed of the AI investment cycle. The AI revolution is ushering in extraordinary levels of capital expenditure, with companies and nations competing to build the data infrastructure and energy capacity needed to support future applications. There is justified optimism about the long term productivity benefits that these technologies can unlock. However, such rapid investment inevitably brings areas of over spend and pockets of unprofitable activity and we expect investor returns to vary widely across the value chain. This increasing differentiation between winners and losers - both among those developing AI technologies and those deploying them - reinforces the importance of disciplined stock selection and broad diversification. Attractive opportunities extend well beyond today’s technology leaders and into areas that stand to benefit indirectly from innovation, including industrials, energy infrastructure and parts of the services economy. We see similarly broad opportunity across geographies, with regions outside the US contributing more meaningfully to market leadership than in recent years. It is a historic feature of equity markets that, the longer the holding period, the greater the likelihood of positive returns. Despite periods of volatility, however, the returns generated since the Global Financial Crisis, over fifteen years ago, have been extraordinary. Indeed, more recently, the recovery of equity markets after Covid, and growth in scale of leading technology stocks, have propelled markets to new highs. Recent events remind us that volatility, and periods of decline, are also a feature of equity markets and we recognise that valuation levels are, in many areas, unforgiving. Against this backdrop, we believe that a diversified approach across both public and private equity markets is well suited to the environment ahead. The breadth of our global mandate, combined with our long term investment horizon, positions the Company to capture opportunities created by structural change while managing the associated risks arising from market volatility. As markets continue to adjust to this evolving landscape, we remain confident that our balanced and globally diversified portfolio will continue to serve shareholders well over the long term. Beatrice Hollond 13 March 2026