Seraphim Space Investment Trust PLC (LSE:SSIT) reported a modest increase in net asset value for the first quarter of the financial year ending 30 September 2025. Portfolio valuation benefited from positive foreign exchange movements and follow-on investments, offsetting a reduction in liquid resources and a decline in market capitalisation. Among the key portfolio developments, ICEYE secured a substantial contract with the Finnish Defence Forces, while HawkEye 360 completed a successful satellite launch—both reinforcing their competitive positions. The Trust remains confident about long-term prospects, supported by rising government engagement and the accelerating build-out of commercial satellite constellations.
SSIT’s outlook reflects a strong balance sheet and improving profitability metrics, though headwinds persist in the form of negative cash flows and bearish technical indicators. Despite these challenges, the Trust is strategically placed within the expanding SpaceTech arena, offering meaningful long-term growth potential. Valuation appears reasonable, though the lack of a dividend may dampen near-term investor interest.
More about Seraphim Space Investment Trust plc
Seraphim Space Investment Trust PLC is the world’s first publicly listed SpaceTech-focused investment vehicle. It backs high-growth companies operating across the space sector, aiming to capitalise on rapid advances in commercial space activity and defence-related capabilities.
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