Agronomics Limited reports decline in net asset value amid market challenges
- Agronomics Limited's unaudited Net Asset Value per share is reported at 14.81 pence as of March 31, 2025.
- The company experienced a 0.80% decrease in NAV since December 2024, influenced by foreign exchange losses and cash depletion.
- Despite market challenges, Agronomics Limited's portfolio is progressing, with significant operational advances in clean food investments.
In Douglas, Isle of Man, Agronomics Limited announced its unaudited Net Asset Value per share as of March 31, 2025, which is reported at 14.81 pence. This represents a decrease of 0.80% from the previous value of 14.93 pence recorded at the end of December 2024. The company has net assets totaling £149 million, which includes investments valued at £146 million and uninvested cash of £4 million. The share price was documented at 7.15 pence on the same date, indicating a significant 52% discount to the calculated net asset value. The decline in NAV during the quarter is primarily attributed to a mix of unrealized foreign exchange losses and operational costs. In detail, there was a £1.3 million uplift in the value of the Company’s investment in Solar Foods Oy, balanced by a £2.5 million unrealised FX loss from currency revaluations against the pound due to adverse market movements. Additionally, the company's cash decreased by £0.4 million owing to ongoing operating costs. Despite these challenges, Agronomics reported interest income from cash and loan notes during the quarter, totaling £361,000. The company’s portfolio showed signs of progress, notably with Blue Nalu expanding its partnership with Nomad Foods aimed at commercializing cell-cultivated seafood, alongside regulatory approvals being sought for several other firms in the sector, signifying a continuing shift towards sustainable clean food solutions.