Mindflair (MFAI ) has reported unaudited interim results for the six months to 30 June 2025, posting a net asset value (NAV) of £10.43 million, or 1.98 pence per share. The company highlighted the April sale of Getvisibility for around £2.6 million, which helped lift cash to £1.47 million and enabled repayment of loan notes, leaving the business debt-free.
The company’s NAV was broadly flat versus 31 December 2024 (£10.79 million), reflecting gains on the Getvisibility disposal offset by currency movements. On 26 September 202,5 Mindflair shares traded at 0.85 pence, a 57% discount to NAV per share.
Mindflair recently made new investments via Sure Valley Ventures funds SVV2 and SVV3, and a direct investment in AIM-quoted Catenai to gain exposure to Alludium’s multi-agent AGI platform. Post period, the company invested directly in CameraMatics, while SVV2 backed Innex.ai and SVV3 invested in Kerno.
“The Company has continued to make excellent progress in the first half of 2025 with a significant investment realisation through the disposal of Getvisibility. This marks the fourth realisation from SVV1 and provides the Company with a strengthened cash position to support its investment strategy,” said Mindflair’s Director Nicholas Lee.
“SVV2 and SVV3 have continued to make a number of new investments in exciting high growth AI companies, and Mindflair continues to provide investors with an excellent opportunity to gain exposure to a portfolio of AI focused companies curated by a team of experts in a sector which continues to be at the forefront of technology development. The AI sector continues to represent an attractive area for investment with significant global funds being deployed in this area.”
“Mindflair is well positioned to benefit from this focus and represents an excellent way for public market investors to gain exposure to this investment class.”
View from Vox
Mindflair’s discount to NAV of 57% stands out, especially with the balance sheet now debt free and cash strengthened by the Getvisibility exit. Further realisations from SVV1 and portfolio progress at CameraMatics and others could be catalysts.