Molten Ventures Reports Stable Half-Year Performance

In its recent half-year trading update, Molten Ventures revealed a steady portfolio performance despite facing currency headwinds. The venture capital firm anticipates releasing its half-year results on 20 November 2024. The company's Net Asset Value (NAV) per share is estimated at 644p, a decrease from 735p the previous year. The Gross Portfolio Value (GPV) is expected to be around £1,343 million, reflecting a slight decline.

Molten Ventures achieved significant realisations, generating £76 million in cash proceeds within the period. By pending regulatory approval, total proceeds could rise to £124 million, marking substantial gains from company exits like M-Files and Endomag. Investments totaled £51 million, focusing on high-growth tech companies. Molten's recent achievements include rejoining the FTSE 250 and completing a £10 million share repurchase program.

CEO Ben Wilkinson's appointment was announced alongside these updates, set to drive future opportunities through strategic capital deployment. The balance sheet remains robust with £82 million in cash, supplemented by a new £120 million debt facility, ensuring liquidity for future investments.