Agronomics Limited, a leading listed company focused on cellular agriculture, has released its unaudited interim results for the six-month period ending 31 December 2023. The company's Net Asset Value per Share at 31 December 2023 was 16.90 pence, with a decrease of 0.2% from the previous period. The share price at the close of 31 December 2023 represented a discount of 43% to the NAV per share. The investment income, including loan interest and net unrealized gains, was £696,120 during the six-month period, while operating expenses for the period were £756,570. A net loss of £437,924 was recognized during the period, and the carrying amount of invested assets at the half-year was £145,879,692. The net assets decreased to £167,826,248 at 31 December 2023, largely due to unrealized foreign currency losses on investments of £792,957 recognized during the period.

Agronomics also highlighted several investment highlights during the period, including co-leading a portfolio company's funding round, investing in a portfolio company's pre-series A financing round, and participating in a portfolio company's Series B round. These investments demonstrate the company's commitment to supporting its portfolio and fostering strategic partnerships.

James Mellon, Chairperson of Agronomics, expressed optimism about the future, stating, "The Board anticipates a number of positive developments within the portfolio during 2024." He emphasized the anticipation of additional regulatory approvals and commercial partnerships from companies within the Agronomics portfolio, as well as the expectation that several portfolio companies will achieve material funding rounds in 2024.

In his Chairman's statement, Mellon highlighted the company's focus on supporting its existing portfolio through follow-on investments and the closing of substantial funding rounds and strategic partnerships. He specifically mentioned the co-leading of a €30 million Series B round for portfolio company Meatable M.V with a €4 million investment, as well as the pending launch of Meatable's first product in Singapore and the US market.

Overall, the unaudited interim results and investment highlights for Agronomics Limited demonstrate the company's financial performance and strategic investment activities, as well as its optimistic outlook for the future.