FY26 Trading Update- Key Takeaways
- Adam Strydom
- 1 day ago
- 1 min read
Molten Ventures expects a 13% increase in NAV per share in total return terms in FY26 (end-March 2026) and a 12.2% fair value growth of its gross portfolio at constant currency, driven by strong performance of several Core holdings (including ICEYE, @Revolut, Ledger and Riverlane) and a c 3.1% NAV accretion from the £38m share buybacks, which more than offset the impact of lower comparable public multiples. Revenue growth across Molten’s Core portfolio reached 40% in FY26. Molten also delivered a robust level of realisations of £120m in FY26 (9% of opening gross portfolio value), all carried out at or above carrying values, and invested £89m (with another £22m deployed via the Molten-managed enterprise investment scheme (EIS) and venture capital trust (VCT) funds). Molten’s shares trade at a 30% discount to its expected end-March 2026 NAV of 760p. Edison Group
27 April 2026
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