**Summary of Oberon AIM VCT PLC Annual Financial Report (2025):**
Oberon AIM VCT PLCs 2025 annual report highlights a moderately positive year for smaller companies and the AIM market. Key financial metrics include
**Net Asset Value (NAV) per share** Increased by 2.5% to 26.44 pence.
**Total Return** 7.5%, including a 1.3 pence per share dividend.
**Proposed Dividend** 1.35 pence per share for 2025.
**Shareholders’ Funds** £1.854 million, up from £1.438 million in 2024.
The company’s performance reflects positive trading across portfolio companies, careful portfolio management, and cost control. Despite geopolitical risks, such as the Iranian conflict, and high commodity price volatility, the company remains optimistic about its long-term prospects.
**Investment Activity**
Made 7 new investments.
Trimmed or exited 22 investments.
Focused on scalable businesses with robust balance sheets and competitive advantages.
**Top Ten Investments**
Verici Dx plc (9.7% of portfolio)
Haydale Graphine Industries plc (8.2%)
Renalytix plc (6.7%)
SEEEN plc (5.5%)
Audioboom plc (5.3%)
**Strategic Focus**
Investing in high-quality AIM-listed growth companies.
Delivering capital growth and dividend income.
Maintaining a disciplined and selective investment approach.
Managing risk while capturing long-term upside potential.
**Corporate Governance**
The board comprises three non-executive directors: Geoffrey Gamble (Chairman), John Beaumont, and Christopher Andrew.
Compliance with the UK Corporate Governance Code, with some exceptions due to the company’s size.
**Financial Summary**
Revenue return per share(1.76) pence (2024: (1.48) pence).
Total return per share1.45 pence (2024: (11.30) pence).
Cumulative value of shareholder investment: 60.70 pence (2024: 58.76 pence).
**Outlook**
The company remains confident in its portfolio’s ability to deliver attractive long-term returns, supported by improving business performance and stabilizing economic conditions. The board emphasizes the benefits of VCT investments, including tax advantages, and continues to promote new share offers.
| Financial Metric | 2025 | 2024 | Year-on-Year Change |
|---|---|---|---|
| Revenue Return per Share (pence) | (1.76) | (1.48) | Worsened by 0.28 pence |
| Total Return per Share (pence) | 1.45 | (11.30) | Improved by 12.75 pence |
| Proposed Dividends per Share (pence) | 1.35 | 1.30 | Increased by 0.05 pence |
| Net Asset Value per Share (pence) | 26.44 | 25.80 | Increased by 0.64 pence |
| Cumulative Value of Shareholder Investment (pence) | 60.70 | 58.76 | Increased by 1.94 pence |
| Shareholders’ Funds (£’000) | 1,854 | 1,438 | Increased by £416,000 |
| Debt (Creditors: amounts falling due within one year, £’000) | 39 | 27 | Increased by £12,000 |