Molten Ventures (GROW)

15/06/2026

Results analysis from Kepler Trust Intelligence

Molten Ventures (GROW) has reported a 13% increase in gross portfolio value (GPV) over the year ending 31/03/2026, but this news has been overshadowed by the simultaneous announcement of an even greater post-period end gain, an implied 16% increase to GPV from the revaluation of ICEYE in a new funding round.

The share price return was 79% over FY 2025, as the discount narrowed markedly, from 62% to 38%. Post period end it has narrowed further and sits at 29% at the time of writing, incorporating the gains from the ICEYE revaluation.

In FY 2026, £120m was realized at an average 3x multiple of invested…