- Agronomics Limited
- 30 December 2025 12:13:30
Source: Sharecast
Net asset value per share totalled 12.34p for the financial year, down from 15.58p the year before, with the total value of assets falling to £124.7m from £157.4m.
The shrinking portfolio value was weighed down by a number of writedowns during the period – including a £11.9m complete writedown in its stake in Meatable, which went into liquidation – along with a £7.7m foreign exchange loss.
Net investment losses swelled to £25.1m from £8.3m the year before, leading to a net operating loss of £32.7m, compared with a £11.0m profit previously.
Looking ahead, Chair Jim Mellon said he was "encouraged" by more regulatory approvals in the clean food sector than ever before, including egg and dairy proteins, specialty oils and fats, and the first wave of cell cultivated products.
"However, new and follow-on investments into clean food companies appear to have significantly declined in 2025. This has led to a shrinking of the number and consolidation of clean food companies, which should lead to stronger companies emerging next year," he said.
The stock, which was 1.8% at 6.33p by 1155 GMT, has gained 63% since the start of 2025 but has fallen 47% over the past five years.