IP Group (IPO)

Sector:

Financials

Index:

FTSE 250

45.05p
   
  • Change Today:
    -0.050p
  • 52 Week High: 54.00
  • 52 Week Low: 34.80
  • Currency: UK Pounds
  • Shares Issued: 927.79m
  • Volume: 632,775
  • Market Cap: £417.97m
  • RiskGrade: 192
  • Beta: 0.01

IP Group adds £10m to buyback after focusing on profitable exits

By Frank Prenesti

Date: Tuesday 25 Mar 2025

LONDON (ShareCast) - (Sharecast News) - Intellectual property company IP Group reported a wider annual loss and lower net asset value as it focused on generating cash from profitable investment exits and said it would use the money to extend its share buyback by £10m.
IP, which invests in science and innovation startups, posted pre-tax loss of £206.7m in fiscal 2024, compared to loss of £176.3m a year earlier. Net asset value per share fell to 97.7p from 114.8p.

Total portfolio value fell to £837.4m from £1.164bn while gross cash and deposits increased to £285.6m from £227m. In the year to date IP said it had delivered a further £25m in realisations and increasing lifted the buyback programme to a total of up to £80m.

Chief executive Greg Smith said the group outperformed "a relative lack of liquidity across the venture capital market, despite our negative NAV per share performance".

"These exits included our largest ever cash realisation with the sale of Featurespace to Visa, alongside a number of other holdings, at or above carrying values. The £183m of cash proceeds strengthened our liquidity position and enabled us to significantly increase our share buyback programme while continuing to invest for growth," he said.

"While the current macro environment remains challenging, the group is appropriately sized, well financed and continues to believe it is well positioned for an improved appetite for high growth investments while remaining focused on delivering returns for shareholders."

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IP Group Market Data

Currency UK Pounds
Share Price 45.05p
Change Today -0.050p
% Change -0.11 %
52 Week High 54.00
52 Week Low 34.80
Volume 632,775
Shares Issued 927.79m
Market Cap £417.97m
Beta 0.01
RiskGrade 192

IP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.05% above the market average92.05% above the market average92.05% above the market average92.05% above the market average92.05% above the market average
91.92% above the sector average91.92% above the sector average91.92% above the sector average91.92% above the sector average91.92% above the sector average
Price Trend
32.7% below the market average32.7% below the market average32.7% below the market average32.7% below the market average32.7% below the market average
41.51% below the sector average41.51% below the sector average41.51% below the sector average41.51% below the sector average41.51% below the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IP Group Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Aug-23 25-May-23
Paid 04-Sep-23 22-Jun-23
Amount 0.51p 0.76p

Trades for 03-Jun-2025

Time Volume / Share Price
12:17 2,722 @ 45.05p
12:17 144 @ 45.05p
12:17 20 @ 45.05p
12:17 504 @ 45.05p
12:17 1,733 @ 45.10p

IP Group Key Personnel

CEO Greg Smith

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