TLDR:
Key Points:
- Augmentum Fintech PLC shared highlights from their annual results for the year ended March 31, 2023.
- The NAV per share after performance fee increased by 2.5% to 158.9p, with an IRR of 18.5%.
Article Summary:
The Full Year 2023 Augmentum Fintech PLC Earnings Call Transcript revealed positive results for the company despite a challenging macroeconomic environment. The NAV per share saw a 2.5% increase to 158.9p, and the IRR of invested capital stood at 18.5%. The company’s top 10 holdings experienced impressive revenue growth, averaging at 117% year-on-year. These holdings were either cash generative or had over 2 years of cash runway. The growth metrics of these holdings would have added GBP 85 million to the gross portfolio value if not for the contraction of publicly listed comparables used in the valuation process by auditors.
Throughout the year, one of Augmentum Fintech PLC’s earlier investments showed promising performance, illustrating the company’s strategy and decision-making regarding investments. The positive trajectory seen in the annual results is a testament to Augmentum Fintech PLC’s focus on strategic investments and financial growth amidst challenging economic conditions.
