Molten Ventures swings to profit as exits boost annual returns
Molten Ventures PLC on Wednesday reported a swing to pretax profit in its latest financial year, as investment exits delivered strong returns, and it said it has entered the new year with positive momentum toward generating further shareholder value.
The London-based venture capital firm posted pretax profit of £200,000 for the year ended March 31, compared with a loss of £49.8 million the year before.
Net asset value per share rose to 671 pence from 662p, while the fair value of its investment portfolio grew by £72 million, aided by exits completed at or above holding values.
Gross portfolio value edged down to £1.37 billion from £1.38 billion, reflecting realisations and currency impacts, but Molten noted it achieved proceeds of £135 million from exits, up from £39 million the previous year.
These included the sales of Graphcore, Endomag, and M-Files, with an average 1.8 times return on invested capital.
‘Financial 2025 was an exceptional year of realisations,’ said Chief Executive Officer Ben Wilkinson. ‘We are already making good progress against the clear strategic priorities I set out as Molten’s new CEO in February 2025 and have started financial 2026 with positive momentum for generating further shareholder value.’
Shares in Molten Ventures were down 0.7% at 322.40 pence in London on Wednesday afternoon.
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