Chief executive’s statement
I was delighted to see us return to profitability during the first half of the year. The improved performance comes in the teeth of the cold gales created by the prevailing market, economic and geopolitical conditions, and reflects the solid progress made across the portfolio during the period and beyond.
Neil Crabb, Chief Executive Officer
Financial highlights
Frontier IP has consistently delivered strong results. Here are the latest for the half year to 31 December 2023.
£35 million
Fair value of our equity portfolio
June 2023: £33 million
£1.4 million
Profit before tax
December 2022: pre-tax loss £(0.5 million)
£2.8 million
Unrealised profit on the revaluation of investments
December 2022: unrealised profit of £0.4 million
2.67p
Basic earnings per share
December 2022: earnings per share of 0.49p
£2.7 million
Cash balances at 31 December 2023
June 2023: £4.6 million
84.2p
Net assets per share
June 2023: 81.8p
