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LONDON - Hargreave Hale AIM VCT PLC reported a slight increase in its unaudited net asset value (NAV) per share to 36.46 pence for the quarter ending September 30, 2025, up from 36.43 pence at the beginning of the period.
The company delivered a NAV total return to shareholders of 3.51% for the quarter after accounting for an interim dividend of 0.75 pence and a special dividend of 0.50 pence paid on July 25, 2025.
Qualifying investments contributed 1.21 pence per share to performance, while non-qualifying investments added 0.25 pence per share during the period.
Among the positive contributors in the qualifying portfolio, Qureight saw a 102.4% increase, adding £2.56 million to the fund's value as the company scaled its AI-driven clinical analytics platform. Diaceutics rose 41.7%, contributing £0.98 million following strong half-year results with 22% revenue growth.
The fund also faced setbacks with RC Fornax declining 62.5%, resulting in a £0.35 million loss, after reporting a significant slowdown and increased revenue uncertainty due to delays from the UK Ministry of Defence Strategic Defence Review.
The company maintained compliance with HMRC venture capital trust investment requirements, ending the period at 98.98% invested. By market value, qualifying investments represented 54.1% of the portfolio, up from 53.7% in the previous quarter.
During the quarter, Hargreave Hale completed three full exits from Aquis Exchange, K3 Business Technology, and TrakM8, while reducing its position in Cohort following strong performance.
The company repurchased 3.7 million of its own shares at an average price of 33.31 pence per share during the quarter. As of September 30, 2025, shares traded at 34.40 pence, representing a 3.83% discount to the last published NAV.
After the reporting period, the company's unaudited NAV per share decreased to 35.84 pence as of October 31, 2025, a decline of 1.70%.
This information is based on the company's interim management statement.
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