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Intuitive Investments says NAV down but Hui10 growth to accelerate

ALN

Intuitive Investments Group PLC said it showed ‘disciplined focus and meaningful delivery’ in its latest financial year, and remains confident in the potential of major investee Hui10 Inc.

The Manchester, England-based investor in technology and life science companies reported a net asset value of 150.3 pence per share as of September 30, down 2.3% from 153.9p a year prior.

Shares in Intuitive Investments traded 1.5% higher at 114.70p each on Tuesday afternoon in London.

The company had £328.0 million in net assets as of September 30, up on-year from £311.4 million. Investments, including loans to investment companies, decreased to £301.9 million from £306.3 million.

Intuitive Investments also had £1.2 million in cash at the year’s end, up from £1.1 million.

‘2025 has been a year of focus for IIG, in which we have concentrated our resources on our most significant investment [Hui10], to support its rapid strategic and operational progress,’ Intuitive said.

It reported that Hui10, a technology company ‘leading the digital transformation of the Chinese lottery’, has continued to deliver ‘significant growth’ since its trading update last month.

Hui10 had 7,016 connected Lucky World Lottery shops and 861,091 registered users as of November, up from 2,222 shops and 243,163 users the year before.

‘Looking ahead to 2026 the pace of growth is forecast to increase with the business expecting to connect a further 60,000 Lucky World Lottery shops and 35,000 UGO UnionPay POS terminals by the end of the year,’ Intuitive said.

‘Hui10 expects to continue to advance towards the next major milestone - obtaining regulatory approval for paperless lottery operations. This development has the potential to be truly transformative, unlocking a new phase of accelerated growth for the business.’

Intuitive Investments said that around £21 million in equity raises during the year have been invested in Hui10, and it expects further fundraising to support additional growth and the transition to paperless operations.

‘IIG’s performance in 2025 reflects the group’s disciplined focus and meaningful delivery,’ said Intuitive Investments Chair Nigel Rudd.

‘Hui10 has demonstrated exceptional operational progress...The scale of growth achieved, and the momentum going into the new financial year, underscores the depth of the opportunity in front of us.

‘The coming year will be important...The board remains confident in Hui10’s direction, strategy and capability, and we are committed to supporting the next phase of growth as the business continues to build value at pace.’

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