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Seed Innovations Ltd on Friday reported a decline in net asset value, but the board remains optimistic in its outlook. The investor, which backs high-growth life science and technology companies, said net asset value per share fell 9.4% to 6.10 pence as at March 31 from 6.73p a year before. Net gain was £367,000 in the financial year ended March 31, swung from a loss of £2.1 million a year prior. The company noted an ‘exceptionally challenging macroeconomic backdrop’ in the past year, complicated by ongoing geopolitical tensions and regulatory uncertainties. Despite this, the company is focused on strategic investments in businesses that address ‘significant’ global challenges, including longevity science and sustainable food tech. Total investment gain was £797,000 compared to a loss of £1.2 million. Chair Ian Burns said: ‘Looking ahead, the board remains optimistic and view the current disconnect between our market value and the intrinsic value of our portfolio as a compelling investment opportunity. While some liquidity events have taken longer than anticipated due to prevailing market conditions, the board remains engaged with our investee companies and ready to act opportunistically.’ Meanwhile, Chair Ian Burns announced his departure from his role and as company director. Seed promoted Non-Executive Director Luke Cairns to the role of interim chair until a successor is appointed. Seed Innovations shares were down 2.6% to 1.90 pence on Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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