Mindflair (LSE:MFAI) reported a decline in net asset value (NAV) to £7.66 million at 30 June 2026, compared with £9.41 million at the end of 2025, according to its unaudited interim results.
The investment company attributed the reduction to lower valuations for Napster, the administration of Nova Leah and a decline in the share price of Sure Ventures plc.
Mindflair said its shares were trading at a 74% discount to NAV, while its cash balance increased to £683,000 during the period.
The company also raised its participation in the Sure Valley Ventures 2 (SVV2) fund from 6.1% to 7.8%, increasing its exposure to the fund’s underlying technology investments.
During the period, Mindflair received €600,000 in cash from a partial disposal of its investment in CameraMatics. The transaction took place alongside a €49 million external funding round for the vehicle technology company, in which Mindflair retains an investment.
Across its Sure Valley Ventures funds, several portfolio companies operating in artificial intelligence secured grants, awards, strategic contracts and additional customers.
Mindflair also expanded its investment portfolio with new positions in businesses focused on payments, government technology, game testing, business-to-business software tools, sales execution and AI applications for auditing.
The AIM-listed investment company holds direct and indirect interests in more than 40 AI-focused businesses across sectors including financial services, healthcare, e-commerce, hospitality and security.
Its investments are primarily held through three Sure Valley Ventures funds and a position in Sure Ventures plc. The company’s strategy focuses on building a portfolio of enterprise AI businesses and generating cash returns through investment exits and partial disposals.
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