Molten Ventures trades higher following strong H1 NAV growth.
Investment firm Molten Ventures shares were higher on Monday after the firm posted a strong first‑half trading update, with solid net asset value growth, sizeable realisations and fresh progress on scaling third‑party capital.
Source: Sharecast
Molten Ventures said unaudited NAV per share for the six months ended 30 September was expected to be up 14% to around 869p, while gross portfolio value was set to rise 11% to roughly £1.7bn. Fair‑value gains of about £244m were driven mainly by core holdings ICEYE and Revolut.
Realisations delivered £109m of cash proceeds, led by Revolut and ICEYE, taking the firm's total realisations since inception to almost £900m.
Molten deployed £44m into new and follow‑on investments, including backing Isar Aerospace’s Series D round. Isar went on to become the first European commercial space company to successfully deliver satellites into orbit.
The London-listed outfit also advanced its third‑party capital strategy, securing a £175m first close for the Molten Ventures Growth Fund, including a £75m cornerstone commitment from the British Business Bank. Additional fund launches were said to still be on track for first closes by the end of FY27.
Molten returned £16m to shareholders via buybacks and ended the period with £76m in cash, plus £60m of undrawn RCF capacity.
As of 1355 GMT, Molten shares were up 5.09% at 702.50p.
Reporting by Iain Gilbert at Sharecast.com
See latest RNS at Investegate
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
