Albion Technology & General asset value falls, backs long-term view

(Alliance News) - Albion Technology & General VCT PLC on Tuesday posted a decline in net asset value over the course of 2025, but backed its long-term view despite turbulence related to artificial intelligence.

The London-based investment firm reported a NAV of 70.71 pence per share at December 31, down 3.2% from 73.04p on-year.

It ended the year with a fund size of GBP279.7 million, up from GBP251.3 million a year earlier.

The company paid a total dividend of 3.60p per share in 2025, down from 3.68p a year prior, but it counted share buybacks worth GBP7.0 million in 2025, up from GBP3.4 million in 2024.

It has declared its first interim dividend for 2026 as 1.77p, payable on June 12.

Disposals over the course of 2025 generated GBP16.7 million in proceeds, compared with GBP6.9 million in 2024.

Albion Technology & General maintained confidence in its long-term outlook, "despite a volatile macroeconomic environment".

"The company continues to actively support innovative early-stage businesses with strong growth ambitions, making a meaningful contribution to the UK economy in line with the core objectives of VCTs.

"We expect valuations of software companies on the quoted markets to remain volatile in the short term as markets assess the impact of AI on software companies generally. We believe that we are well placed, as the company makes investments in mission-critical businesses where AI is more likely to augment functionality, rather than displace the core product," the company stressed.

Albion Technology & General VCT shares rose 2.2% to 68.50 pence on Tuesday afternoon in London.

By Holly Munks, Alliance News reporter

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