SERAPHIM SPACE INVESTMENT TRUST PLC - Full Year results for the twelve-month period ended 30 June 2026

Seraphim Space Investment Trust PLC (LSE: SSIT) presented its full-year financial results for the 12 months ended 30 June 2026, reporting exceptional portfolio growth and strong shareholder returns amid accelerating investment in the global space technology sector. NAV per ordinary share total return reached 102.9%, while share price total return increased by 119.4%. Net assets rose 150.6% to £704.4 million, with the investment portfolio's fair value increasing to £605.5 million. Management highlighted the outstanding performance of ICEYE, its largest holding, which accounted for 53.9% of NAV and contributed significantly to portfolio valuation gains, supported by major defence contracts, revenue growth and strong EBITDA performance. Other key investments, including Xona, Tomorrow.io, Pixxel, Skylo and HawkEye 360, demonstrated commercial progress, technological innovation and expanding market opportunities. The trust also raised £137 million through a C share issuance, strengthening its balance sheet and providing renewed capital to pursue high-conviction investments across satellite communications, defence, navigation, weather intelligence and space infrastructure. Private companies within the top 10 holdings delivered 237% fair-value-weighted revenue growth, while 96% of the portfolio was fully funded or had at least 12 months of funding runway. Management addressed portfolio concentration, disciplined C share deployment and its long-term growth strategy, emphasising opportunities arising from increasing geopolitical demand, sovereign space capabilities and institutional investment in space technology. Looking ahead, Seraphim remains focused on portfolio diversification, strategic capital allocation and capturing long-term value as the global space economy continues to expand.