Seneca Growth Capital VCT plc (SVCT) · LSE:SVCT
Seneca Growth Capital VCT plc (SVCT) — Seneca Growth Capital VCT — Investor Presentation (December 2025)
23 slides from Seneca Growth Capital VCT plc (SVCT)'s investor presentation, December 2025
Slide 1: Investor Update Presentation
Investor Update Presentation December 2025
Slide 2: Important Notice
Seneca Growth Capital VCT Important Notice The following presentation, including a hard copy of these slides/the talks given by the presenters, the information with access to any additional information or to update the Presentation or to correct any inaccuracies in, or communicated during any delive
Slide 3: Welcome from the Team
Seneca Growth Capital VCT Welcome from the Team The VCT Board of Directors Presenting from Presenting from the VCT Board of Directors the Investment Manager Ian Dighé Independent non-executive Director and Chair of the Board Mary Anne Cordeiro Senior Independent non-executive Director Richard Manley
Slide 4: Company Overview
Seneca Growth Capital VCT Company Overview Seneca Growth Capital VCT Ordinary Two share classes B Share Pool Share Pool Legacy Share Class Active Share Class • Continuing to realise investments • 25 Portfolio Companies and maximise value • £12m NAV* • 2 key AIM quoted portfolio companies • £3.8m in
Slide 5: 2025 Activity
Seneca Growth Capital VCT 2025 Activity 1 Jan 2025 to 30 Sept 2025 Post-Period Activity B Share Pool B Share Pool • £400k Deployed into two follow-on Investments: • 1.5p B Share dividend declared bringing the total • Verici DX Plc £200k in July 2025 dividends for FY25 to 3.0p and 21p in total for th
Slide 6: B Share Pool Overview as at 30 September 2025
Seneca Growth Capital VCT B Share Pool Overview as at 30 September 2025 £12m total NAV 25 Portfolio Companies 2% 5% 8% 19% 30% 6% 52% 19% 22% 18% 19% Cash AIM Private Pharma/Biopharma Business Services Software Health & Consumer Manufacturing Pharmatech/Biotech Technology Retail Medical Technology 6
Slide 7: NAV Performance
Seneca Growth Capital VCT B Share Pool NAV Performance NAV per B Share: Change from 1/1/25 to 30/9/25 (H1 & Q3) 60.0p 55.0p 51.8p NAV per Share in Pence 0.2p 0.4p 50.0p (1.4)p (0.8)p 48.7p 0.2p 47.7p (1.5)p (0.8)p (0.4)p 45.0p 40.0p 35.0p 7
Slide 8: The B Share Pool Unquoted Portfolio Update
Seneca Growth Capital VCT The B Share Pool Unquoted Portfolio Update 8
Slide 9: Unquoted Portfolio Companies
Seneca Growth Capital VCT B Share Pool Unquoted Portfolio Companies As at 30 September 2025 Weighting of Carrying Weighting of Carrying Private Company Portfolio Carrying Value (£000) Value to NAV Value to NAV Bright Network Ltd £1,244 4.9p 10.4% Forma-Care (UK) Ltd £1,175 4.6p 9.7% SolasCure Ltd £1
Slide 10: Bright Network
Seneca Growth Capital VCT Initial investment date: March 2020 | Cost of investment: £594k Valuation as at 31 Dec 24: £1,244k | Valuation as at 30 Sept 25: £1,244k Product/Service The UK’s leading graduate talent platform with over 300 leading employer partnerships, including Accenture, Bloomberg, Cl
Slide 11: Hubbox
Seneca Growth Capital VCT Initial investment date: December 2022 | Cost: £716k Valuation as at 31 Dec 24: £952k | Valuation as at 30 Sept 25: £952k Product/Service HubBox, a SaaS business, has developed plug-and-play software that gives shoppers a choice between home delivery and local pickup when t
Slide 12: Fabacus
Seneca Growth Capital VCT Initial investment date: February 2019 | Cost: £500k Valuation as at 31 Dec 24: £702k | Valuation as at 30 Sept 25: £702k Product/Service Fabacus Holdings Limited (“Fabacus”) is an independent software company that has developed a complete product lifecycle solution, Xelaco
Slide 13: The B Share Pool Quoted Company Updates
Seneca Growth Capital VCT The B Share Pool Quoted Company Updates 13
Slide 14: AIM/AQSE Movement in NAV
Seneca Growth Capital VCT B Share Pool AIM/AQSE Movement in NAV 1 January 2025 to 30 September 2025 Share Price Movement Contribution to NAV Impact on AIM Company Portfolio in Period Movement in the period NAV in the period Aptamer Group plc +100% 0.7p 1% Directa Plus plc +67% 0.3p 1% ProBiotix Heal
Slide 15: Aptamer Group PLC
Seneca Growth Capital VCT Aptamer Group PLC Investment Summary: 2 Sept 2025 Value as at 30 Sept 25: £353k 1.400 • Secured contract with Invizius to develop next-gen Contribution to NAV movement: +£177k, +0.7p (+1%) therapies using more effective Optimer® binders for an undisclosed amount to treat un
Slide 16: ProBiotix Health PLC
Seneca Growth Capital VCT ProBiotix Health PLC 14.0 Investment Summary: Value as at 30 Sept 25: £194k 20 Feb 2025 Contribution to NAV movement: +£37k, +0.2p (+<1%) • Signed a material and exclusive long-term partnership 12.0 agreement with Kemin China Technology Co. Ltd to distribute Performance Sum
Slide 17: Velocity Composites PLC
Seneca Growth Capital VCT Velocity Composites PLC 40.0 Investment Summary: Value as at 30 Sept 25: £365k Contribution to NAV movement: -£87k, -0.4p (-1%) 35.0 Performance Summary: Share price typically responds to announcements, but the share price tends to soften and tapper off when news flow slows
Slide 18: B Share Portfolio – Total Return
Seneca Growth Capital VCT B Share Portfolio – Total Return 80 • Total Return of 67.2p as at 30 70 September 2025 60 • Annual dividends of 3p since 2019 following launch of B share class 50 • Cumulative dividends of 19.5p paid to 40 date and a 1.5p per B share dividend declared on 11 November 2025 to
Slide 19: Outlook
Seneca Growth Capital VCT B Share Pool Outlook Continuing to adopt a highly selective approach to new investments, with a focus on maximizing the value of the current portfolio Active trimming of underperforming and sub-scale holdings to improve overall portfolio quality Focus on distributing capita
Slide 20: The Ordinary Share Pool
Seneca Growth Capital VCT The Ordinary Share Pool 20
Slide 21: Ordinary Share Pool Overview
Seneca Growth Capital VCT Ordinary Share Pool Overview Net Assets as at 30 September 2025: £1.1m (13.1p per share) 42% 41% AIM quoted (Scancell) 41% AIM quoted (Arecor) 17% Cash 42% 5 Unquoted investments (valued at zero) 0% 17% 21
Slide 22: Ordinary Share Pool Overview
Seneca Growth Capital VCT Ordinary Share Pool Overview Update on two key aspects of Ord Share Pool 1 2 NAV moves in line with Ord Share Pool’s Dividends two quoted investments in addition to dividends Over the last 9 months we have realised c.£500k from Opening Value Closing Value Scancell shares, g
Slide 23: Thank you for joining
Thank you for joining Investor Update Presentation For any enquiries please contact us on 01942 295 981 or email siobhan.pycroft@senecapartners.co.uk
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