Molten Ventures shares are up more than 100% in the last 12 months.
The investor saw its share price rise 5% today to 560p (writing at 2.45pm) after issuing a trading update which pointed to strong growth in net asset value and gross portfolio value.
For the 12 months ended 31st March 2026, the company delivered 11% growth in GPV (to £1.5 billion) and a 13% rise in NAV per share (to 760p). This was supported by a combination of positive performance in key assets, active portfolio management, and its ongoing share buyback programme.
During the period realisations totalled £120 million and were delivered at an average multiple of 3x on invested capital.
These included partial realisations of Revolut (21x) and ICEYE (12.9x) together with full realisations of Freetrade (1.5x) and Lyst (0.7x), all at or above holding values, reflecting active portfolio management at higher valuations with significant upside still to be realised.
Listed Molten deployed £89m into investments (FY25: £73m), plus a further £22m from its managed EIS and VCT funds, to support ongoing portfolio development.
New investments included General Index, Polymodels, MAIA, and Duel, with follow-on Series B investments in Modo Energy and Manna to support their continued growth, and a secondary investment in Speedinvest Continuation Fund I.
It also pointed to £38m of shareholder returns via its share buyback programme.
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“We achieved a significant amount in FY26, with clear progress and good momentum in terms of performance, execution against our strategic priorities, and strengthening our team,” said CEO Ben Wilkinson.
“Our clear focus now is on scaling the business and expanding our third-party co-investment structures.
“The quality and maturity of the portfolio continue to provide Molten with a number of realisation opportunities. Our well-constructed and actively managed portfolio offers exposure to multiple technology themes, including the fast-developing areas of space and AI, which are at the forefront of innovation.
“This, along with European sovereignty, the resilient, high-growth nature of technology, and positive industry initiatives, positions us well to deliver long-term growth.”