Results centre

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

Chief executive’s statement

The business model is also proving its resilience. The progress of the past year has clearly been overshadowed by the events of the final quarter as a result of COVID-19 and the unprecedented steps taken to stop the spread of the virus. While I would not want to underplay the negative impact on some portfolio companies, I believe for the portfolio as a whole, there is much more potential on the upside.

Neil Crabb, Chief Executive Officer Neil Sm

Financial highlights

Frontier IP has consistently delivered strong results year-on-year. Here are the latest for the full year to June 2020.

Target

£19,444,000

Fair value of our portfolio increased by 47%

2019: £13,252,000

Icon Innovate

£4,184,000

Profit before tax increased by 78%

2019: £2,350,000

Graph

£6,377,000

Total revenue and other operating income increased by 49%

2019: £4,268,000

Icon Spinout

£5,973,000

Unrealised profit on the revaluation of investments

2019: £3,850,000

World

8.76p

Basic earnings per share

2019: 5.77 p

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£2,968,000

Cash balances at 30 June 2019

2019: £1,466,000