Chief executive’s statement
I am happy to say the portfolio is making good progress. Several companies successfully put in the spadework to provide the basis for their future growth. I was particularly encouraged by the breadth of partnerships they were able to develop across industry, government, academia and finance. Several completed successful funding rounds, again from a range of sources. I am confident others will follow.
Neil Crabb, Chief Executive Officer![]()
Financial highlights
Frontier IP’s portfolio made solid commercial, technical and financial progress for the half year to 31 December 2024. The fall in net assets per share reflected the increased shares in issue following the funding round.
£33.2 million
Fair value of our equity portfolio
December 2023: £35.1 million June 2024: £33.2 million
£(1.6 million)
Loss before tax
December 2023: pre-profit £1.4 million
(2.81)p
Basic loss per share
December 2023: earnings per share of 2.67p
£3.6 million
Cash balances at 31 December 2024
December 2023: £2.7 million June 2024: £2.3 million
67.6p
Net assets per share
December 2023: 84.2p June 2024: 79.7p