MOLTEN VENTURES PLC (GROW) — Full year results for the 12 months ended 31 March 2026

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the MOLTEN VENTURES PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time via the Q and A tab situated on the right hand corner of your screen. Just simply type in your questions and press send. Before we begin, I'd like to submit the following poll. And I'd like to hand you over to Ben Wilkerson, CEO. Good morning, sir. Good morning. Thank you very much, and good morning, everybody. Thank you for joining us. This is a presentation for the MOLTEN VENTURES annual results FY '26, which is the period up to the end of March. On the day of results release three days ago, we also had a significant announcement relating to one of our portfolio companies, iSci. So as we go through this presentation, we'll talk specifically to the results, and then we'll also update people on that post balance sheet event as well, which has has changed some of our numbers, post the balance sheet, but helpful that we can talk about them at the same time even though, even though the news came out on the on the same day. So it's been a bit of explaining to do, but it's all good news. So as we go through, presentation, you'll have myself presenting CEO of MOLTEN and also Andrew Zimmerman, our CFO. Andrew will take us through the detail on the numbers. For those that aren't familiar with us, MOLTEN VENTURES are actually celebrating our twentieth year this year. We're an investor in venture capital across Europe. We have a disciplined capital allocation approach, and the the public vehicle, the PLC, is an evergreen balance sheet. We have delivered in the ten years that we've been public 26% average returns, which is ahead of our 20% target. And we currently hav...