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Albion Enterprise VCT PLC on Tuesday reported its results for the year ended March 31. The London-based investor, which is focused on longer term capital growth, completed its ‘successful merger’ with Albion Development VCT PLC in December. At the same time, Albion Kay VCT PLC was merged into Albion Technology & General VCT PLC, while Albion Venture Capital Trust PLC was merged into Albion Crown VCT PLC. Albion Enterprise reported a net asset value of 116.22 pence per share at March 31, down from 125.77p one year prior. ‘This decrease was predominantly due to the special dividend paid following the sale of Egress Software Technologies, which generated a return for shareholders,’ Chair Ben Larkin explained. (Egress saw a £4.9 million uplift in valuation following its sale to KnowBe4, which completed in July last year and returned proceeds of £25.7 million.) Shares in Albion Enterprise closed up 0.9% at 110.50p each on Tuesday in London. Albion Enterprise’s shareholder return for financial 2025 grew to 8.24% from 2.68% the previous year. The company paid a total of 19.92p per share in dividends during the period, Larkin said. For the current year ending March 31, 2026, Albion Enterprise will pay a 2.91p per share first dividend, which is 2.5% of the NAV at March 31. Looking ahead, Larkin commented: The board is pleased that the company has delivered a positive return for the year despite both the macroeconomic and geopolitical uncertainties the company faced. ‘The company’s merger with Albion Development VCT PLC has doubled the size of the company with net assets of over £278 million at the year end and, following the payback period, will deliver a reduction in the ongoing costs of the company which will benefit shareholders.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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