REG-Half-year Financial Report
Foresight VCT reported a negative first half: NAV per share fell 5.9p from 71.6p to 65.7p, leaving NAV Total Return at (3.2%) after adding back the 3.6p final dividend, on a £7.97m post-tax loss driven by £7.5m of unrealised investment write-downs. A January offer for subscription closed on 20 March 2026, raising £40.0m gross (£38.6m after expenses) and lifting net assets 8.0% to £231.2m; the Board has signalled a further offer later in the year. Deployment continued with three new investments (£5.9m) and four follow-ons (£3.2m), but no realisations closed — only a £0.1m loan repayment — while investment income dropped to £1.89m from £4.19m a year earlier. Cash reserves stand at £70.5m.
Key figures
- Revenue
- 1891000
- Revenue Yoy
- -55% (derived from stated H1 income of £1,891k vs £4,191k in the prior-year half)
- Nav tr 3yr
- 10.8%
- Nav tr 5yr
- 34.3%
- Dividend yield
- 5.9%
- Net assets gbp
- 231200000
- Nav per share p
- 65.7
- Ongoing charges
- 2.0%
- Cash reserves gbp
- 70500000
- Net assets growth
- 8.0%
- Portfolio cost gbp
- 118400000
- Shares repurchased
- 4766401
- New investments gbp
- 5900000
- Buyback avg discount
- 7.5%
- Dividend per share p
- 3.6
- Funds raised net gbp
- 38600000
- Prior net assets gbp
- 214000000
- Nav total return half
- -3.2%
- Funds raised gross gbp
- 40000000
- Portfolio valuation gbp
- 159700000
- Total dividend paid gbp
- 12600000
- Followon investments gbp
- 3200000
- Portfolio investment count
- 57
AI analysis
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