**Summary**
Foresight VCT plc, managed by Foresight Group LLP, released its final results for the year ended 31 December 2025, approved by the Board of Directors on 13 April 2026. The company reported a Net Asset Value (NAV) Total Return per share of 0.1%, with dividends of 10.5p leading to a 10.4p fall in NAV from 82.0p to 71.6p. Key financial highlights include a special interim dividend of 6.4p and a final dividend of 4.1p, distributing £19.3 million and £12.4 million respectively. The company made six new investments totaling £7.8 million and twelve follow-on investments costing £7.7 million. The value of the investment portfolio decreased by £8.4 million, driven by the sale of an investment for £24.3 million and a loan repayment of £0.1 million, offset by new and follow-on investments. The company raised £38.6 million through a share offer in January 2026 and recommends a final dividend of 3.6p per share for 2025. The Chair’s statement highlights a 16.0% dividend yield, including a special dividend, and emphasizes the company’s diversified portfolio resilience in a challenging economic environment. The company maintains its strategic objectives, including paying annual dividends of at least 5% of NAV, achieving a NAV Total Return <mark style="background-color:yellow">above</mark> 5%, and implementing regular share buybacks. The Board and Manager remain committed to these goals, despite the flat performance in 2025, and are focused on long-term value creation for shareholders.
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Net Asset Value (NAV) (£ million) | 222.9 | 214.0 | -8.9 (-4.0%) |
| NAV per share (pence) | 82.0 | 71.6 | -10.4 (-12.7%) |
| Total Dividends Paid (£ million) | 31.7 | 31.7 | 0 (0.0%) |
| Dividend per share (pence) | 10.5 | 10.5 | 0 (0.0%) |
| Investment Portfolio Value (£ million) | 166.6 | 158.2 | -8.4 (-5.0%) |
| New Investments (£ million) | 14.3 | 15.5 | +1.2 (+8.4%) |
| Follow-on Investments (£ million) | 7.7 | 7.7 | 0 (0.0%) |
| Proceeds from Disposals (£ million) | 36.5 | 24.4 | -12.1 (-33.1%) |
| Debt (Amounts falling due within one year) (£ million) | 3.3 | 2.2 | -1.1 (-33.3%) |
| Cash and Cash Equivalents (£ million) | 55.9 | 55.2 | -0.7 (-1.3%) |