Title: Interims | Factsheet | November 2025 URL Source: https://documentscdn.financialexpress.net/Literature/36734D39D8F5B8943AF10BDF8F2729D6/237102225.pdf Number of Pages: 3 Markdown Content: H1'26 Highlights # £1,436m Gross Portfolio Value # £1,289m Net Assets # 724 pNAV per share # -43 %Share price discount to NAV per share 1 # 6.3 %Gross Portfolio net fair value movement (excludes FX) # £77m Consolidated Group Cash # £62m Realisation cash proceeds in the period # £33m Investments in the period > Active management & value creation Proven track record Investment rationale Diversi fi ed and well positioned portfolio ## About Molten We are a leading venture capital fi rm with an almost twenty year track-record of investing in and developing disruptive high-growth private technology companies across Europe. We focus on four core sectors: Enterprise & SaaS, Ai, Deeptech & Hardware, Consumer Technology and Digital Health — capturing companies at the forefront of generational shifts in technology, including in the areas of: Fintech; Climate Tech; Space Tech; and AI. We typically invest at the Series A and B stages where there is a demonstrable value through proven demand and scaling of a proven business model. Since Molten’s IPO in 2016: Portfolio composition ## Why Molten? Our approach We back businesses with the capital, expertise and networks to fuel their growth. We reinvest our returns from portfolio company exits into compelling new or follow-on investment opportunities and portfolio development to create a virtuous circle of growth and value creation. Molten Ventures # Mini-sheet As at 30 September 2025 (unless otherwise stated) Empowering Europe to invent the future Footnotes: 1 Closing share price (21-Nov-25) vs last published NAV per share (724p) 2 Core - portfolio company investments that generally represent highest fair value to Molten, which account for approximately 62% of the overall portfolio value based on fair values as at 30-Sep-25. 3 Emerging – direct portfolio company investments outside of the Core porto fl io 4 Fund investments – Investments made by the Group in to third party managed funds. 5 At 30-Sep-25 no Digital Health company forms part of the Core Over 80 portfolio companies Molten Ventures plc, 20 Garrick Street, London, WC2E 9BT, United Kingdom | +44 (0)20 7931 800 Past performance is not a reliable indicator of future results | Terms not otherwise de fi ned in this document have the meaning given to them in Annual report & accounts | Page 1 of 3 | Please read important information on page 3. For more information: Please see our Results & Reports , or visit our website .*Excludes capital raised since IPO. Invested and Realised totals are for the period since 2016 IPO to 30-Sep-25 ** **2345Andrew Zimmermann > CFO Ben Wilkinson > CEO Stuart Chapman > DIRECTOR # Top 10 portfolio holdings Consumer Tech Hardware & Deeptech Enterprise Tech Key highlights H1'26 Fair value increase in the period — £86m Net Fair Value increase, exclusive of the impact of FX. Well funded Core Portfolio — 81% of Core Portfolio companies forecast to be funded for at least 12 months. 56% funded for at least 18 months or operating pro fi tably. Strong Core average revenue — Average forecast revenue for calendar year 2025 of over $500m in the Core Portfolio. Strong Core gross margin position — Core Portfolio companies averaging gross margin of 68%, excluding pre-revenue companies. Maturity in the Core — 43% of the Core Portfolio forecasting pro fi tability for calendar year 2025, excluding pre-revenue companies. Strong Emerging growth — Top 15 revenue-generating direct emerging companies forecasting revenue growth of 100%. Aircall is a cloud-based communications platform designed for modern businesses and trusted by over 20,000 businesses worldwide. Aircall empowers teams to deliver smarter, more personalized experiences. Based in France. Aiven is an AI-ready open source data platform that simpli fi es the deployment and management of cloud data infrastructure. It offers fully managed services for streaming, storing, and serving data across major cloud providers. Based in Finland. CoachHub is a global digital coaching and talent development platform that enables organisations to offer personalised, measurable, and scalable coaching programmes on a one-to-one basis for entire workforces and teams. Based in Germany. FintechOS is a global leader in high productivity fi ntech infrastructure (HPFI) and aims to simplify and accelerate the launch and service of innovative fi nancial products for major banks and insurance companies. Based in the UK. ICEYE is a Finnish satellite operator specialising in Synthetic Aperture Radar (SAR) technology for Earth observation. ICEYE operates the world’s largest constellation of SAR satellites, providing real-time, all-weather imaging capabilities. Based Finland. Ledger is a growing company developing a variety of products and services aimed at securing digital assets, best known for its hardware wallets. Based in France. RavenPack is a leading provider of insights and technology for data-driven companies, including hedge funds, banks, and asset managers. Based in Spain. Revolut is a global fi nancial services company that specialises in mobile banking, card payments, money remittance, and foreign exchange. Based in the UK. Form3 is a cloud-native platform that modernises fi nancial infrastructure with a fully managed, real- time account-to-account payment service, helping organisations streamline payments and accelerate digital transformation. Based in the UK. Thought Machine enables the servicing of customers in a real-time ecosystem by providing acloud-native core banking infrastructure to both incumbent and challenger banks. Based in the UK. ## Executive leadership team Molten Ventures plc, 20 Garrick Street, London, WC2E 9BT, United Kingdom | +44 (0)20 7931 800 > Past performance is not a reliable indicator of future results |Terms not otherwise de fi ned in this document > have the meaning given to them in Annual report & accounts |Page 2 of 3 |Please read important information on page 3. For more information: > Please see our Results & Reports , or visit our website .held via Earlybird ## NAV and share price performance Important information Molten Ventures plc is registered in England and Wales with company number 09799594 (the “Company”). It is an Alternative Investment Fund managed by Esprit Capital Partners LLP (Reg No: OC318087). Esprit Capital Partners LLP is authorised and regulated by the Financial Conduct Authority (FRN: 451191) (the “Manager”). This document is for general information purposes only. The contents of this document are not prescribed by securities laws. In particular, this document has not been approved for the purposes of section 21 of the UK Financial Services and Markets Act 2000. This document is for distribution to persons in the UK that qualify “investment Professionals” (being persons having professional experience in matters relating to investments) within the meaning of article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “FPO”) or are persons falling within article 49(2)(a) to (d) ('high net worth companies, unincorporated associations etc.’) of the FPO; or as such terms or equivalent terms are understood in the jurisdiction in which this document is received including but not limited to institutional investors, quali fi ed investors or similarly de fi ned persons who qualify under local laws as eligible recipients. This document should not be distributed to or otherwise made available to persons whose address is in Canada, Australia, Japan, the Republic of South Africa or the United States, or its territories or possessions. No reliance may be placed for any purpose on the information contained in this document or its accuracy or completeness. This document should not be considered a recommendation by either the Company or the Manager to invest in the Company, or in relation to any subscription for securities, whether actual or in the future. Prospective investors are strongly advised to take their own legal, investment and tax advice from independent and suitably quali fi ed advisers. Key Risks Capital is at risk. Past performance is not a reliable indicator of future results. Shares may trade at a discount to their net asset value. The value of an investment can fall as well as rise and investors may not get back the amount originally invested (including loss of the whole amount invested). Therefore, you should only make investments which you can afford to lose without having any signi fi cant impact on your overall fi nancial position or commitments. As a shareholder in the Company, you do not have the right to complain to the Financial Ombudsman Service (FOS) about the management of the Company. You would not be able to make a claim to the Financial Services Compensation Scheme (FSCS) about the Company in the event that the Company found itself unable to pay out. Prospective investors must refer to the latest Prospectus, in particular the section headed “Risk Factors”, when considering an investment in the Company. Please also refer to the Company’s Key Information Document and Article 23 Disclosure Document for further details here . Target Market Whilst shares in the Company can be freely acquired or traded on the London Stock Exchange's Main Market, the Company is not speci fi cally intended for retail investors. It is the Company’s view that an investment in the Company is best suited to investors that are capable of evaluating the merits and risks of such an investment, who understand the potential risk of capital loss, for whom an investment in the ordinary shares constitutes part of a diversi fi ed investment portfolio, who fully understand and are willing to assume the risks involved in investing in the Company and who have suf fi cient resources to be able to bear losses (which may equal the whole amount invested) that may result from such an investment. Accordingly, typical investors in the Company are expected to be experienced investors, institutional investors, high net worth investors and other investors who have taken appropriate professional advice and understand the risks involved. 1 As at 21-Nov-25 based on based on the closing share price multiplied by ordinary shares in issue, excluding shares held in treasury. > 2As at 21-Nov-25 including 12.2m in treasury shares. > 3Operating costs (net of fee income and exceptional items divided by > year-end NAV). > 4100% owned by Molten Ventures plc Molten Ventures plc, 20 Garrick Street, London, WC2E 9BT, United Kingdom |+44 (0)20 7931 800 > Past performance is not a reliable indicator of future results |Terms not otherwise de fi ned in this document > have the meaning given to them in Annual report & accounts |Page 3 of 3 |Please read important information on page 3 .For more information: > Please see our Results & Reports , or visit our website . A stated key focus is narrowing the discount between Molten's Net Asset Value per share and share price.