Q1 Results

Seraphim Space Investment Trust plc (LSE: SSIT), the world’s first SpaceTech investment company, announces its third quarter results for the three-month period ended 31 March 2023.

The full Q3 report can be found at https://investors.seraphim.vc/results/,

Q1 Highlights

• Overall portfolio valuation slightly decreased by £0.5m to £180.8m during the quarter, driven by an unrealised fair value reduction of £1.3m, partially offset by investment of £0.9m
• Portfolio fair value slightly down to 96.5% of the overall cost
• One follow-on transaction was completed during the period, totalling £0.9m
• Net assets of £220m and market capitalisation of £90m as at 31 March 2023
• At 31 March 2023, the Company had investments in 29 SpaceTech companies
• Portfolio remains well-capitalised and the Company had cash reserves of £39m (18% of NAV) at 31 March 2023
• Underlying portfolio commercial progress is strong but remains lumpy, with the top 10 companies (70% of NAV) growing revenues by 34% in the 6 months to 31 March 2023 on a fair value weighted average basis

News in full

In the video below, CEO Mark Boggett outlines Seraphim’s Investment Strategy