TMT Investments PLC, a venture capital company investing in high-growth technology firms, reported its final results for the year ended 31 December 2025. Key highlights include a net asset value (NAV) per share of US$7.13, up 8.9% year-on-year, and a total NAV of US$220.8 million. The company achieved an internal rate of return (IRR) of 14% per annum since inception. TMT made US$1.5 million in additional investments in 2025 and received US$5.5 million from cash disposals and dividends, including significant gains from Scale AI and partial disposals of Bolt and Backblaze. The company also completed a US$1.7 million share buyback program. Despite macroeconomic challenges, TMTs portfolio demonstrated resilience, with positive revaluations in seven companies offset by write-downs in nine others. The company maintained a cautious investment approach, adding two new companies to its portfolio. TMT ended the year with US$5.0 million in cash reserves and no financial debt, positioning it well to navigate market volatility and pursue strategic investments. The Annual General Meeting is scheduled for 19 May 2026.
| Financial Metric | 2024 | 2025 | Year-on-Year Change |
|---|---|---|---|
| NAV per share (US$) | 6.55 | 7.13 | +8.9% |
| Total NAV (US$ million) | 205.9 | 220.8 | +7.2% |
| IRR from inception (%) | 14.5 | 14 | -3.4% |
| Additional investments (US$ million) | 5.9 | 1.5 | -74.6% |
| Cash disposals and dividends received (US$ million) | 5.9 | 5.5 | -6.8% |
| Cash and cash equivalents (US$ million) | 5.2 | 5.0 | -3.8% |
| Debt (US$ million) | 0 | 0 | 0% |