Financial highlights 2021
£43,892,000
Fair value of our equity portfolio increased by 37%
June 2021: £31,982,000
£10,281,000
Profit before tax increased by 239%
December 2020: £3,033,000
£11,914,000
Net unrealised profit on the revaluation of investments
December 2020: £4,009,000
14.54p
Basic earnings per share
December 2020: 5.56p
£346,000
Cash balances at 31 December 2021
June 2021: £1,992,000
£163,000
Revenue from services decreased by 11%
December 2020: £184,000
84.7p
Net assets per share
December 2020: 56.8p
41.4p
Net assets per share
2018: 33.2p
Chairman’s statement
The Exscientia share sales mean we have a strong balance sheet. We are well placed to provide additional support to our portfolio companies should it be required. The fundamentals of our business and those of our portfolio companies remain. We are in a good position to weather the highly uncertain climate we are currently experiencing and stay confident in our future prospects.
Neil Crabb, Chief Executive Officer
Frontier IP Group
Frontier IP brings deep IP commercialisation expertise to building a portfolio of successful companies.
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