17th Sep 2025 10:59
(Alliance News) - IP Group PLC on Wednesday reported a narrower half-year loss and said its net asset value had stabilised, pointing to progress in its portfolio and confidence in hitting its target for exits over the next two years.
Shares in IP Group were down 5.5% to 52.44p in London on Wednesday morning.
The London-based investor in science and innovation companies said its pretax loss for the six months to June 30 was GBP42.9 million, compared with GBP111.1 million a year earlier. The loss from changes in the fair value of equity and debt investments narrowed to GBP35.1 million from GBP99.9 million.
NAV per share stood at 96.2 pence at June 30, down from 97.7p at the end of December, but the company said this had improved to about 100p as of September 12 following gains in listed holdings, including Oxford Nanopore Technologies PLC and Hinge Health Inc.
Total cash proceeds from exits in the half year were GBP30.3 million, nine times higher than the prior year's GBP3.4 million. The portfolio was valued at GBP799.9 million, down from GBP837.4 million at December 31.
Gross cash rose to GBP237.3 million from GBP161.3 million a year earlier, with the group highlighting its strong liquidity and balance sheet.
During the period, IP Group invested GBP36 million across 21 companies and completed GBP25 million of share buybacks, retiring 6% of share capital. A further GBP20 million buyback extension has been launched, with 14% of share capital now retired.
Chief Executive Officer Greg Smith said: "The successful IPO of Hinge Health on the NYSE was a standout milestone, and together with gains in Oxford Nanopore, underscores the resilience and quality of our portfolio. With NAV per share now at 100p…the group remains confident of delivering more than GBP250 million of exits from private company holdings by the end of 2027."
By Eva Castanedo, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Oxford Nanopore TechnologiesIp Group