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LONDON - Guinness VCT plc (LSE:GVCT) reported a net asset value (NAV) increase to £10.27 million for the year ended March 31, 2025, up from £6.68 million in the previous year, according to a statement based on the company’s annual report.
The venture capital trust’s NAV per share rose slightly to 97.71 pence, compared to 97.21 pence reported in 2024. The company posted a profit of £41,000 for the fiscal year, reversing the previous year’s loss of £78,000.
The value of the investment portfolio increased to 8% over cost, improving from 3% in the prior year. The company currently has £4.23 million available to deploy in new investments and to support existing portfolio companies.
Guinness VCT also announced plans to launch a new offer for subscription of ordinary shares for the 2025/2026 and 2026/2027 tax years. According to the company, full details of this offering will be published in a prospectus expected in September 2025.
The board expects to pay its first dividend during the 2026/27 financial year, subject to legislative requirements and available cash reserves, as stated in the press release.
Guinness VCT’s annual report will be distributed to shareholders and made available on the Guinness Ventures website and submitted to the National Storage Mechanism.
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