Adams Plc, an Isle of Man-based investment company listed on the AIM market of the London Stock Exchange, has released its interim results for the six months ended September 30, 2024. The company generated a net profit of £0.45 million, an increase from £0.29 million in the same period last year. The profit comprises a net investment profit return of £0.55 million, less overhead costs of £0.10 million. The companys equity investments are valued at £5.39 million, with a mix of quoted and private investments. Adams Plc plans to cancel its admission to trading on AIM and pursue a realization of investments and return of capital to shareholders. The companys net assets have increased to £5.43 million, and the Directors intend to pursue an orderly realization of existing investments. The companys portfolio includes significant holdings in various global companies in the medical device, IoT, mining, patient monitoring, and advanced computer vision sectors.
| Year | Net Profit | Cash Balances | Net Assets | Debt | |||
|---|---|---|---|---|---|---|---|
| £ million | p/ share | £ million | £ million | p/ share | |||
| 2024 (6 months) | 0.45 | 3.72p | 0.07 | 0.12 | 5.43 | 3.72p | N/A |
| 2023 (6 months) | 0.29 | 3.42p | 0.115 | 0.12 | 4.98 | 3.42p | N/A |
| 2023 (12 months) | -0.127 | N/A | 0.047 | 0.12 | 4.98 | 3.42p | N/A |