IN BRIEF: VSA Capital says strategic fundraises key for London market

Mon, 29th Dec 2025 10:28

VSA Capital Group PLC - London-based investment bank and broker - Pretax profit more than halves to GBP131,000 in the six months that ended September 30 from GBP298,000 a year before. Revenue is steady at GBP1.8 million, but administrative expenses increase to GBP1.6 million from GBP1.3 million. Diluted earnings per share are 0.2 pence, down from 0.6p. VSA has GBP1.2 million in cash as of September 30, and the company's net asset value is GBP2.1 million, or 9.2p per share, compared to market capitalisation of GBP677,750.

VSA says financial 2026 started well, as it worked on fundraises by two of its corporate clients, Aurrigo International PLC and Invinity Energy Systems PLC. "Both transactions involved new strategic investors, reflecting a capability that VSA continues to strengthen: securing strategic capital rather than simply placing stock into the market," notes Chief Executive Officer Andrew Monk. "This approach requires more time and patience, but it delivers significantly greater value, as noted in previous years. With London still experiencing persistent fund outflows and the UK stock market continuing to shrink, relying solely on traditional UK institutional demand would be increasingly risky."

Looking ahead, Chair Mark Thompson says, "we are working on some very significant fundraisings and transactions both for public and private companies and we are well placed to ensure that these progress as efficiently as they can." Thompson replaced Mark Steeves as chair following the company's annual general meeting in September.

VSA Capital also notes that the concert party, which includes CEO Monk, has a 63.6% holding. This would rise to 73.9% if all the group's options and warrants are exercised.

Current stock price on AQSE in London: quoted at 3.00 pence, last traded at 2.00p

12-month change: down from 6.00p

By Tom Waite, Alliance News editor

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