The Molten Ventures VCT board has proposed to pay a final dividend of 1.15p per share. This dividend will be paid, subject to shareholder approval, on 30 September 2025 to shareholders on the register at 22 August 2025. This will bring the total dividends paid in respect of the year to 2.15p per share, an equivalent yield of 5.0% on the 31 March 25 NAV.
Other financial highlights include:
Net Asset Value of £118.2 million (43p per share) at year-end; mid-market share price at 37.5p. NAV total return of -5.6%, after adding back dividends. 2.5p dividend paid (5.2% yield); on track to meet 5% target dividend for 25/26.
Increased focus on exits, with the manager actively working to realise value. Four successful exits delivered in 12 months, including Freetrade (April 2025), with £12.2 million proceeds and a 3.0x return on cost.
Investment focus remains on disruptive high-tech businesses. Pipeline of opportunities, with market correction presenting attractive lower entry points. Continued investment activity: £11.2 million deployed during the year, alongside EIS and PLC funds.
£15.3 million (net) Prospectus Offer completed during the year; £6.6 million (net) raised post-period. Directors and Managers have invested over £1 million, continuing alignment.
