Results centre

Frontier IP builds value by working in partnership with universities, investors and industry to commercialise intellectual property

Chief executive’s statement

Frontier IP is in a strong position: we have strengthened our team and are strengthening management across the portfolio as several companies approach significant commercial, technical, and industrial inflection points. We are confident of the Group’s prospects for the remainder of the year.

Neil Crabb, Chief Executive Officer Neil Sm

Financial highlights

Frontier IP has consistently delivered strong results. Here are the latest for the half year to 31 December 2020.

Target

£23,449,000

Fair value of our portfolio increased by 43%

December 2019: £16,351,000

Icon Innovate

£3,033,000

Profit before tax increased by 45%

December 2019: £2,088,000

Icon Spinout

£4,009,000

Unrealised profit on the revaluation of investments

December 2019: £3,024,000

World

5.56p

Basic earnings per share

December 2019: 4.66p

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£3,818,000

Cash balances at 31 December 2020

30 June 2020: £2,968,000