Molten Ventures has delivered what it has described as "strong growth" in gross portfolio value (GPV) and net asset value (NAV) per share in the year to 31 March.

The venture capital firm said that this GPV and NAV growth is expected to increase by 11% and 13% year-on-year respectively, building on its "solid" performance in FY25.

It added that this was also supported by the combination of positive performance in key assets, active portfolio management and its ongoing share buyback scheme.

Molten Ventures stated that its realisations had also remained strong in this period, with cash proceeds of £120m, although this was down from £135m in the previous year.

However, it deployed £89m into investments, up from £73m in FY25, with a further £22m from its managed EIS and VCT funds, to support ongoing portfolio development.

Over the course of this period, Molten Ventures returned £38m to shareholders through its share buyback programme, beating its £17m return last year.

Furthermore, it had total group cash of £52m as of 31 March, plus £24m of cash available for investment from the managed EIS and VCT funds, as well as an undrawn revolving credit facility of up to £60m, which “provides further flexibility”.

In its outlook, Molten Ventures said that there continues to be "positive industry tailwinds" emerging from the move toward European technology sovereignty and resilience, and from initiatives such as the Mansion House Accord as well as broader efforts to increase domestic institutional participation in growth capital.

It added that it has a diversified portfolio with a pipeline of investment, growth and realisation opportunities across sectors such as fintech, energy transition, health tech, AI and space, which reflects exposure to areas of tangible demand and commercial traction.

Following the announcement, shares in Molten Ventures, increased by over 5%.

Chief executive officer at Molten Ventures, stated: "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. 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."

---