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

Chief executive’s statement

I was delighted to see us return to profitability during the first half of the year. The improved performance comes in the teeth of the cold gales created by the prevailing market, economic and geopolitical conditions, and reflects the solid progress made across the portfolio during the period and beyond.

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 2023.

Target

£35 million

Fair value of our equity portfolio

June 2023: £33 million

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£1.4 million

Profit before tax

December 2022: pre-tax loss £(0.5 million)

Graph

£2.8 million

Unrealised profit on the revaluation of investments

December 2022: unrealised profit of £0.4 million

World

2.67p

Basic earnings per share

December 2022: earnings per share of 0.49p

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£2.7 million

Cash balances at 31 December 2023

June 2023: £4.6 million 

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