|
Frontier IP Group PLC on Monday said performance in financial 2025 was ‘solid’ but was ‘hampered by difficult public and private market conditions.’ The London-based intellectual property commercialisation firm reported a pretax loss of £6.3 million for the financial year ended June 30, widened from £1.3 million the year before. This was driven by £3.0 million unrealised losses across debt and equity investments compared to a £1.3 million gain the year prior. Revenue decreased 9.2% to £325,000 from £358,000 and operating expenses were flat at £3.5 million. Chief Executive Neil Crabb said financial 2025 could be summed up as one of ‘solid progress across the portfolio hampered by difficult public and private market conditions.’ ‘I regret to say that pre-tax losses widened and market issues, particularly for AIM-quoted and early-stage technology companies, obstructed our path towards making a successful exit,’ he added. ‘Exits and realisations remain a key focus,’ Crabb said, but timings remain ‘difficult to predict’ and ‘heavily dependent on market conditions.’ ‘There are now signs markets might be picking up, but at this stage, I would emphasise that optimism must remain cautious,’ the CEO added. Shares in Frontier IP Group were down 15% at 15.80 pence each in London on Monday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
