FY’22 was a transformational year for Frontier IP with the IPO and part-disposal of Exscientia, and continued development of the wider portfolio. NAV per share increased 27% to 88.5p and the fair value of FIPP’s equity portfolio increased 24% to £39.7m after disposals of £3.7m. The Group has a strong balance sheet with £4.4m net cash and a further £3.4m disposal post period-end, puts the Group in a strong position to take advantage of new opportunities. The c.£10m sale of Exscientia (and remaini ....
