Exceeded Growth and Realization Targets
Molten Ventures achieved a 26% growth in portfolio fair value, exceeding their 20% target, and realizations of 14% versus the 10% target.
Strong Financial Position
Financial results showed a 6% GPV uplift to NAV, with GBP 135 million of uplifts and GBP 11 million added from FX. The NAV per share increased by 8% to 724p.
Successful Secondary Investments
The secondary investments strategy delivered returns averaging a 2.4x multiple, with over GBP 200 million realized.
Cost Management
Operational expenses were reduced by 8%, from GBP 13.1 million to GBP 12.1 million year-on-year.
Strong Balance Sheet
Ended the half-year with GBP 77 million in cash, plus additional funds from the Revolut tranche and EIS/VCT funds available for investment.
Solid Portfolio Performance
Core portfolio companies like Revolut, ICEYE, and Ledger showed strong commercial traction and growth.