Business
Results for Year Ended 31 December 2025
Tekcapital plc reported a net asset decrease of US$15 million for the year ended December 31, 2025, primarily due to unrealized portfolio depreciation, resulting in a loss after tax of US$17.1 million compared to a US$19.2 million profit in 2024, largely influenced by a decline in Microsalt plc's share price. The company successfully reduced its total annual expenses by approximately 7% to US$1.88 million, continuing a three-year trend of cost reduction. Despite the reported loss, portfolio companies demonstrated significant revenue growth, with Guident, MicroSalt, GenIP, and Innovative Eyewear showing increases of 862%, 187%, 330%, and 69% respectively, and Guident is progressing towards a US IPO in 2026. Disclaimer*
About this update from Tekcapital Plc
[{"type":"text","content":"\n\n\n \n \n \n \n \n \nThe information contained within this announcement is deemed by the Company (Companies House registration number 08873361) to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n 27 May 2026\n \nTekcapital PLC\n(\"Tekcapital\", \"the Company\" or the \"Group\")\nResults for the year ended 31 December 2025\n \nTekcapital plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating valuable companies from investing in university technologies that can improve people's lives, announces its audited results for the year ended 31 December 2025.\n \nFINANCIAL PERFORMANCE\n \nThe Company reported a reduction in its Net Assets by US$15m in 2025 due primarily to unrealised depreciation[1] of its portfolio. This resulted in a loss after tax of US$17.1m vs a profit after tax of US$19.2m in 2024. Most of the unrealised depreciation was driven by the reduction in the share price of Microsalt plc, which has recovered a portion of its value post period-end.\n \nIn 2025 the Company further reduced its total annual expenses by ~7% from US$2.03m in 2024 to US$1.88m in 2025, marking its third consecutive year of expense reduction. Since 2023 the Company has reduced its total annual expenses by 34%.\n \n\n\n\n\n· Net Assets US$55.1m (2024: US$70.1m)\n· NAV per share US$0.23 (2024: US$0.33)\n· Por...