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Mineral & Financial Investments Ltd on Tuesday reported a sharp rise in net asset value and investable capital in the first quarter of financial 2026, reflecting a strong performance across its commodities-focused portfolio. The Cayman Islands-based investment company focused on natural resources sector said net asset value at September 30 rose 31% year-on-year to £15.1 million from £11.5 million. Net asset value per share increased 29.6% to 37.9 pence from 29.25p a year earlier. Since 2018, the company said NAV per share has grown at an average annual rate of 28%. For the quarter, Mineral & Financial Investments recorded unaudited net profit of £1.4 million, equivalent to 3.44p per fully diluted share, compared with earnings of 0.14p in the same period last year. Investable capital rose to £15.6 million at the end of September, up 31% from £11.9 million a year earlier, supported by gains across precious metals, base metals and other investments. The company said the appreciation in gold, silver and rhodium prices over the year was the most significant contributor to the increase in NAV. Cash holdings also increased sharply, rising to £754,000 from £127,000 a year earlier, while exposure to precious metals and minerals climbed 22% to £8.4 million and base metals rose 33% to £5.2 million. Mineral & Financial Investments noted that more than half of its investable capital remains in unquoted investments, which have not been revalued as underlying companies have not raised new capital. Looking ahead, the company said heightened global political and economic uncertainty could weigh on confidence in financial assets. Mineral & Financial shares were up 6.9% at 50.22 pence in London on Tuesday afternoon. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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