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Tern PLC on Tuesday said it is focused on advancing portfolio companies towards liquidity events as it announced an increased annual loss. The London-based ’internet-of-things’ focused investor said pretax loss widened to £5.1 million in 2025 from £3.8 million in 2024. Loss from movement in fair value of investments increased to £4.1 million from £2.5 million. Administrative costs reduced by 16% to £1.0 million from £1.2 million. Looking ahead, Tern said its priorities for 2026 include advancing portfolio companies towards liquidity events, including trade sales or other realisation opportunities, as well as supporting the adoption of applied artificial intelligence, machine learning and natural language processing across the portfolio. Further, the company aims to enhance shareholder communication to improve market understanding of portfolio progress and underlying value. Interim Chair Jane McCracken said: ‘We believe the company is entering an important phase as the portfolio continues to develop. While outcomes remain subject to market conditions, we consider that the progress made to date provides a basis for future value realisation. The board remains focused on delivery, and on seeking to generate returns for shareholders.’ Tern shares fell 5.7% to 1.04 pence each on Tuesday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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