Business
Half-year Report
Mindflair PLC announced its unaudited interim results for the six months ended 30 June 2025, reporting a net asset value of £10.428 million, a slight decrease from £10.793 million at the end of 2024. The NAV per share was 1.98 pence, compared to the current share price of 0.85 pence, representing a 57% discount. The company sold its interests in Getvisibility for approximately £2.6 million, generating a profit of €1.7 million on its direct investment and €1.05 million on its indirect investment via SVV1. Mindflair's cash balance increased to £1.47 million from £220,000 after repaying outstanding loan notes, leaving the company debt-free. New investments were made through SVV2 and SVV3, and a direct investment was made in Catenai plc. Disclaimer*
About this update from Mindflair Plc
[{"type":"text","content":"\n\n \n29 September 2025\n \nMindflair PLC\n \n(\"Mindflair\" or the \"Company\")\n \nUnaudited interim results for the six months ended 30 June 2025\n \nMindflair plc (AIM: MFAI), the company focused on investing in AI related technology, is pleased to announce its unaudited interim results for the six-month period ended 30 June 2025.\n \nHighlights\n \nDuring the period\n \n· Net asset value (\"NAV\") as at the period end amounted to £10,428,000 (31 December 2024: £10,793,000) and so has remained broadly flat during the period, reflecting the impact of gains from the sale of Getvisibility offset by the strengthening of the £ and € against US$ over the period, particularly with regard to the SVV1 holding in Infinite Reality.\n· NAV per share as at the period end was 1.98 pence (31 December 2024: 2.05 pence) compared to the current share price of 0.85 pence as at 26 September 2025 so the Company is currently trading at a 57% discount to NAV.\n· The Company's interests in Getvisibility were sold in April 2025, which generated proceeds of around £2.6 million in total and resulted in the conversion of a significant portion of the Company's investment portfolio to cash.\n· The disposal of Getvisibility represents the fourth cash realisation from SVV1 since inception and generated a profit on the Company's direct investment of €1.7 million, equivalent to a 5.8x multiple on the original cost of investment in € terms. Furthermore, a profit of €1.05 million, equivalent to a 4.3x return in € terms, was generated on the Company's indirect cost of investment in Getvisibility made via SVV1.\n· The cash balance at the end of the period amounted to £1,470,000 (31 December 2024: £220,000), after the repayment of the outstanding balance of the series of two‐year loan notes in April 2025, leaving the Company debt free.\n· A number of new investments have been made in H1 2025 through SVV2 into companies such as Inephany, Capably and Literal Labs, and in Mirror Security and Momntum AI through SVV3.\n \n· A direct investment has also been made in an AIM quoted company, Catenai plc, in order to obtain exposure to its principal investment, Alludium, which is a software company that is developing a Multi-Agent AGI (Artificia...