Agronomics Limited Announces Net Asset Value Calculation as at 31 December 2025

About this update from Agronomics Limited

DOUGLAS, ISLE OF MAN / ACCESS Newswire / February 9, 2026 / Agronomics Limited (AIM:ANIC), a leading listed company in the field of clean food, announces that its unaudited Net Asset Value per share ("NAV") calculation as at closing on 31 December 2025 was 13.78 pence per share , a 5.9% decrease from 14.65 pence per share at 30 September 2025. Net Assets stand at £140 million, including investments of £138 million and uninvested cash and short-term deposits of £2.1 million. The share price of 6.2 pence at 31 December 2025 represents a discount of 55% to the NAV per share on the same date. The average discount to NAV per share over the last 12-month period was 53%. Under IFRS, the Company's unquoted investments are generally carried at cost or the most recent priced funding round. The Board notes the c £7.8 million decrease in the Company's NAV during the quarter which relates primarily to the following: Cash and deposit balances at 31 December 2025 were £2.1 million (30 September 2025: £3.4 million) During the period, no fees were payable or accrued in accordance with the Shellbay Investments Limited Agreement. Shellbay's fees are only payable when there is an annual increase in the NAV; further details are included in the 2025 annual report. Investment Portfolio review During the 3-month period to 31 December 2025, three portfolio companies successfully completed fundraises: The following key milestone was achieved by our portfolio company during the 3-month period: The Company also announced, on 19 December 2025, that the board and shareholders of its portfolio company, Meatable B.V, resolved to dissolve the legal entity and its related group companies and to terminate all operating activities. This resulted in a full write down of the investments carrying amount, totalling £11.9 million, with the impairment being recognised in the audited June 2025 financial statements. Jim Mellon, Executive Chair of Agronomics, commented: "The fourth quarter of the year was a reminder that progress in clean food does not move in a straight line. While parts of the sector continue to face real pressure, we also saw evidence that the companies best positioned to scale are beginning to separate themselves. During the period, several of our portfolio companies took important steps that strengthen their long-term commercial outlook. Clean Food Group's acquisition of large-scale fermentation infrastructure materially changes its ability to serve customers, while EVERY's successful Series D financing highlights continued demand for scalable, fermentation-based protein platforms. These developments are tangible, operational in nature, and increasingly difficult to replicate. Although market conditions remain challenging, we believe the progress made during the quarter reinforces our focus on technologies and teams that can translate scientific capability into commercial execution." The quoted investments within the portfolio are valued under IFRS at bid price. This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part ofUK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain. About Agronomics Agronomics is a leading London-listed company focusing on investment opportunities within the field of clean food. The Company has established a portfolio of over 20 companies in this rapidly advancing sector. It seeks to invest in companies owning technologies with defensible intellectual property that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage. This disruption will decouple supply chains from the environment and animals and improve food security for the world's expanding population. A full list of Agronomics' portfolio companies is available at https://agronomics.im/ . For further information please contact: Nominated Adviser Statement Beaumont Cornish Limited (" Beaumont Cornish "), is the Company's Nominated Adviser and is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in the announcement or any matter referred to in it. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com . SOURCE: Agronomics Limited View the original press release on ACCESS Newswire

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