MERC - Ticker AI Digest

MERC 10:57

Mercia Technologies PLC

TR-1: Notification of Major Holdings

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MERC 06:01

Mercia Technologies PLC

Interim Results

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**Summary of Mercia Asset Management PLCs Interim Results for the Six Months Ended 30 September 2025**

Mercia Asset Management PLC, a UK-based private capital asset manager, reported robust interim results for the first half of its financial year ending 30 September 2025. Key highlights include

1. **Financial Performance**

**Revenue**£17.2 million, a slight decrease from £17.9 million in the same period last year, primarily due to lower capital deployment and associated transaction fees.

**EBITDA**Increased by 14% to £4.2 million, with an EBITDA margin expansion to 24.6% (up from 20.8% in H1 2025), driven by operational efficiencies and technology adoption.

**Profit Before Taxation**£2.5 million, compared to £2.4 million in H1 2025.

**Basic Earnings Per Share**: 0.39pconsistent with the prior year.

2. **Dividend**

Interim dividend increased by 5% to 0.39p per share, reflecting strong EBITDA growth and margin expansion.

3. **Assets Under Management (AuM)**

Total AuM remained stable at £2.0 billion, with third-party funds under management (FuM) increasing slightly to £1.813 billion.

Venture FuM grew to £959 million, supported by successful fundraising for Northern Venture Capital Trusts (VCTs) and Enterprise Investment Scheme (EIS) funds.

Development capital and property finance FuM also saw increases to £454 million and £400 million, respectively.

4. **Direct Investment Portfolio**

Fair value of the direct investment portfolio increased to £131.1 million (from £125.96 million in FY 2025), with £5.5 million net invested into five portfolio companies.

Notable valuation adjustments include a positive impact from Medherant’s latest investment round and impairments for Netacea and VirtTrade due to slower revenue growth.

5. **Post-Period Developments**

First share allotment of £38 million completed for the Northern VCT’s £50 million fundraise.

Launch of the £35 million North East Accelerate Fund in October 2025.

Board changesDr Jonathan Pell retired, succeeded by Janine Nicholls as Chair of the Audit and Risk Committee.

6. **Strategic Focus**

Continued emphasis on regional focusoperational efficiencyand disciplined investment approach.

Commitment to ESG principles, with enhanced due diligence and materiality assessment tools for new funds.

Strong liquidity position with £34.5 million in cash and cash equivalents, supporting growth and shareholder returns.

7. **Outlook**

Optimistic about continued momentum in fundraising and investment opportunities, particularly in venture capital and regional private markets.

Confident in achieving three-year goals of growing AuM to £3.0 billion, EBITDA to £10.0 million, and EBITDA margin to 26% by 31 March 2027.

Overall, Mercia Asset Management demonstrated resilience and growth despite macroeconomic uncertainties, positioning itself well for sustainable long-term value creation.

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MERC 10:57

Mercia Technologies PLC

TR-1: Notification of Major Holdings

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TR1 Buy

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MERC 10:57

Mercia Technologies PLC

TR-1: Notification of Major Holdings

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TR1 Buy

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MERC 06:01

Mercia Technologies PLC

Interim Results

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**Summary of Mercia Asset Management PLCs Interim Results for the Six Months Ended 30 September 2025**

Mercia Asset Management PLC, a UK-based private capital asset manager, reported robust interim results for the first half of its financial year ending 30 September 2025. Key highlights include

1. **Financial Performance**

**Revenue**£17.2 million, a slight decrease from £17.9 million in the same period last year, primarily due to lower capital deployment and associated transaction fees.

**EBITDA**Increased by 14% to £4.2 million, with an EBITDA margin expansion to 24.6% (up from 20.8% in H1 2025), driven by operational efficiencies and technology adoption.

**Profit Before Taxation**£2.5 million, compared to £2.4 million in H1 2025.

**Basic Earnings Per Share**: 0.39pconsistent with the prior year.

2. **Dividend**

Interim dividend increased by 5% to 0.39p per share, reflecting strong EBITDA growth and margin expansion.

3. **Assets Under Management (AuM)**

Total AuM remained stable at £2.0 billion, with third-party funds under management (FuM) increasing slightly to £1.813 billion.

Venture FuM grew to £959 million, supported by successful fundraising for Northern Venture Capital Trusts (VCTs) and Enterprise Investment Scheme (EIS) funds.

Development capital and property finance FuM also saw increases to £454 million and £400 million, respectively.

4. **Direct Investment Portfolio**

Fair value of the direct investment portfolio increased to £131.1 million (from £125.96 million in FY 2025), with £5.5 million net invested into five portfolio companies.

Notable valuation adjustments include a positive impact from Medherant’s latest investment round and impairments for Netacea and VirtTrade due to slower revenue growth.

5. **Post-Period Developments**

First share allotment of £38 million completed for the Northern VCT’s £50 million fundraise.

Launch of the £35 million North East Accelerate Fund in October 2025.

Board changesDr Jonathan Pell retired, succeeded by Janine Nicholls as Chair of the Audit and Risk Committee.

6. **Strategic Focus**

Continued emphasis on regional focusoperational efficiencyand disciplined investment approach.

Commitment to ESG principles, with enhanced due diligence and materiality assessment tools for new funds.

Strong liquidity position with £34.5 million in cash and cash equivalents, supporting growth and shareholder returns.

7. **Outlook**

Optimistic about continued momentum in fundraising and investment opportunities, particularly in venture capital and regional private markets.

Confident in achieving three-year goals of growing AuM to £3.0 billion, EBITDA to £10.0 million, and EBITDA margin to 26% by 31 March 2027.

Overall, Mercia Asset Management demonstrated resilience and growth despite macroeconomic uncertainties, positioning itself well for sustainable long-term value creation.

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