Albion Crown Vct Plc · LSE:CRWC
Albion Crown Vct — Shareholder Meeting (November 2025)
17 slides from Albion Crown Vct's shareholder meeting presentation, November 2025
Slide 1: Manager Presentation November 2025
Albion Crown VCT PLC Manager Presentation November 2025 Results for the year to 30 June 2025
Slide 2: Background
BACKGROUND • Ongoing global macro and geo-political uncertainties • Falling inflation but raised interest rates continue • The Company merged with Albion Venture Capital Trust PLC on 19 December 2024 into a new class of “C shares” • C shares to merge with the Ordinary shares on a relative NAV basis
Slide 3: Balance Sheet at 30 June 2025
BALANCE SHEET AT 30 JUNE 2025 Ordinary shares C Shares Combined Investments £84.4m £48.0m £132.4m Cash £33.5m £5.1m £38.6m Other net liabilities (£0.6m) (£0.3m) (£0.9m) Net assets £117.3m £52.8m £170.1m 3
Slide 4: Financial Summary – Period to 30 June 2025
FINANCIAL SUMMARY – PERIOD TO 30 JUNE 2025 Ordinary Shares & – year C Shares ended– 30 yearJune ended 2025 30 June 2025 (0.28)p (0.87)% 1.59p 30.33p 101.71p Decrease in total Percentage Ordinary share Total tax-free dividends Net asset value Total shareholder value per shareholder value loss for the
Slide 5: Performance Data
PERFORMANCE DATA Albion Crown VCT PLC – Performance Data Past performance is not a guide to future performance * Return to C shareholders includes the historic performance of the Albion Venture Capital Trust PLC ordinary shares that merged into the new class of C shares 5
Slide 6: Highlights in the Year
HIGHLIGHTS IN THE YEAR Ordinary C Shares Notes Shares Fundraising £29.1m - Fully subscribed top up offer for Ordinary shares Exits £4.2m £0.6m Ordinary shares sold Egress and Locum’s Nest Ords - 12 new and 18 follow on investments Investment rate £9.5m £1.4m C’s – 4 new and 12 follow on investments
Slide 7: Key Value Drivers in the Year – Ordinary Shares
KEY VALUE DRIVERS IN THE YEAR – ORDINARY SHARES 2025 Notes Oviva £2.0m Strong revenue growth Gravitee £1.6m Series C fundraising in the year Convertr Media £1.5m Strong revenue growth Radnor House School (£1.2m) VAT on school fees and higher National Insurance Proveca (£1.2m) New product growth rate
Slide 8: Key Value Drivers in the Period – C Shares
KEY VALUE DRIVERS IN THE PERIOD – C SHARES 2025 Notes Gravitee £2.0m Series C fundraising in the year Elliptic Enterprises £0.9m Strong revenue growth TransFICC £0.7m Series B fundraising in the year NuvoAir (£1.1m) Difficult fundraising environment Lower third-party valuation based on increase NI a
Slide 9: Portfolio Analysis by Value - Sector Breakdown
PORTFOLIO ANALYSIS BY VALUE - SECTOR BREAKDOWN Combined Ordinary shares C shares (Weighted average) Fintech 27% 22% 26% AI & Data 15% 25% 18% Digital risk 2% 1% 2% Climatetech 2% 4% 3% Deeptech 2% 3% 3% Healthcare 13% 7% 11% Renewable energy 5% 17% 8% Other 6% 12% 7% Cash & other net assets 28% 9% 2
Slide 10: Portfolio Analysis by Value – Stage of Investment
PORTFOLIO ANALYSIS BY VALUE – STAGE OF INVESTMENT Combined Ordinary shares C shares (Weighed average) Early stage 10% 18% 13% (revenue less than £1m) Growth 9% 18% 12% (revenue between £1m and £5m) Scale up 81% 64% 75% (revenue over £5m) As at 30 June 2025 10
Slide 11: Top Holdings for Each Share Class at 30 June 2025
TOP 3 HOLDINGS FOR EACH SHARE CLASS AT 30 JUNE 2025 Percentage Ordinary C share Combined of Ords C’s share Value Value value Combined £’000 £’000 £000 NAV One of the global leaders in decision intelligence and #1 N/A 20,877 - 20,877 12.3% contextual data analytics A technology enabled service busine
Slide 12: New Investments – Ordinary Shares
NEW INVESTMENTS – ORDINARY SHARES £1.2m £0.8m £0.6m £0.4m £0.4m Total Access Health (T/A Labrys, a communications Latent Technology Group, Ionate, a developer of new OpenTrade Technology, Evaro), a platform for platform for defence a developer of generative hybrid transformers for grid embedded fina
Slide 13: 2025/26 Top-Up Offers
2025/26 TOP-UP OFFERS £60m Minimum investment (Total of £30m • £6,000 in aggregate over-allotment) • £2,000 per VCT Maximum Investment Albion Crown VCT Albion Technology Albion Enterprise VCT (Ordinary shares) & General VCT £200,000 for the current tax year £20m £20m £20m (all VCT investments) (£10m
Slide 14: The Budget 2025
THE BUDGET 2025 From April 2026: • Company investment limit will increase to £10m (£20m for Knowledge Intensive Companies (KICs)) • Lifetime company investment limit will increase to £24m (£40m for KICs) • Initial tax relief will reduce from 30% to 20% 14
Slide 15: Q1 Results to 30 September 2025
Q1 RESULTS TO 30 SEPTEMBER 2025 • Interim Management Statement announced on the London Stock Exchange today • Ordinary shares: - NAV decrease of 0.09 pence per Ordinary share (0.30%) in the quarter - Dividend of 0.76 pence per Ordinary share to be paid on 5 December 2025 • C shares: - NAV decrease o
Slide 16: Prospects
PROSPECTS • Ongoing uncertainties but balanced by strong individual portfolio company growth • Well-balanced portfolio across target sectors and stage of maturity • Focus on mission critical products and services, designed to provide resilience • Limited exposure to discretionary consumer facing sec
Slide 17: Thank you
Thank you This presentation is issued by Albion Capital Group LLP for information purposes only and is not to be regarded as an offer to buy or sell, or the solicitation to buy or sell shares in Albion Crown VCT PLC. Any person considering an investment should seek advice from an authorised financia
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