Molten Ventures reports £135m from exits after 'exceptional year'.


British venture capital firm Molten Ventures boasted an "exceptional year for realisations" in the 12 months to 31 March, though the value of its portfolio was largely unchanged.

Molten Ventures

Source: Sharecast

The gross portfolio value was £1.37bn by the end of the financial year, down from £1.38bn a year earlier, with net assets totalling £1.24bn, down from £1.25bn. However, the net asset value per share rose to 671p from 662p.

The company generated £135m from realisations during the year, compared with just £39m the year before, which included sales of investments in M-Files, Graphcore, Endomag and Perkbox, along with a partial realisation of its Revolut investment.

As a result, consolidated group cash rose to £89m from £57m.

"FY25 was an exceptional year of realisations for Molten with exits delivering on average a 1.8x multiple on invested capital," said chief executive Ben Wilkinson.

"Our exciting, diversified portfolio remains resilient despite market headwinds, and we continued deploying capital while maintaining strong capital allocation discipline and our capital base."

The stock was up 1.1% at 328.2p by 0901 BST.

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