{"id":139235,"title":"Tekcapital Shares Surge 20% as Record Net Assets Top US$200 Million","publisher":"Share Talk","author":"sharetalk","published":"2026-08-06T07:42:54+00:00","modified":"2026-08-06T07:42:54+00:00","canonical_url":"https://www.share-talk.com/tekcapital-shares-surge-20-as-record-net-assets-top-us200-million/","markdown_url":"https://www.share-talk.com/tekcapital-shares-surge-20-as-record-net-assets-top-us200-million.md","json_url":"https://www.share-talk.com/tekcapital-shares-surge-20-as-record-net-assets-top-us200-million.json","category":"B2B","categories":["B2B","Technology","Technology, Media & Telecoms"],"tags":["America","Asian","Dr. Clifford M. Gross","H Mart","Innovative Eyewear","Louis Castro","MicroSalt Ltd","potato chips","PrimaryBid","sodium","supermarket","TEK","Tekcapital","United States","USA"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/c78565bc-cd6b-4431-b9eb-79349ce80c6e.png?fit=1727%2C911&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Tekcapital plc (AIM: TEK)](https://www.investegate.co.uk/announcement/rns/tekcapital--tek/unaudited-half-year-report-/9707291)shares climbed **20% in early trading** after the intellectual property investment company reported record first-half results, driven by a sharp increase in portfolio valuations and profitability.\n\nNet assets surged to a record **US$201.7 million** at 30 June 2026, up from **US$55.1 million** at the end of 2025, while net asset value per share rose to **US$0.78** from **US$0.27**.\n\nThe company’s investment portfolio was valued at **US$191.4 million**, compared with **US$46.9 million** six months earlier, helping generate **US$145.5 million** in portfolio returns and revenue, up from **US$6.1 million** in the first half of 2025.\n\nProfit after tax increased to **US$144.8 million**, compared with **US$5.4 million** a year earlier, while operating expenses fell **7.3%** to **US$0.69 million**, reflecting continued cost discipline. Tekcapital also raised **US$2 million** during the period to support portfolio companies, primarily Guident, and fund future growth.\n\nChairman **Dr. Clifford M. Gross** described the first half as the most significant period in Tekcapital’s history, highlighting record net assets, portfolio value and profitability.\n\nHe noted that the majority of the increase reflected independently assessed portfolio appreciation under IFRS 13 valuation standards rather than realised cash returns, which is typical for an early-stage technology investment company.\n\nDirector **Louis Castro** said much of the valuation uplift came from **Vesari Inc.**, in which Tekcapital secured a **51% equity stake** during May. Vesari was established to commercialise intellectual property focused on geothermal-powered AI data centres capable of delivering carbon-free computing infrastructure.\n\nThe company said eleven US patent applications have been assigned to Vesari, covering technologies including geothermal energy integration, cooling systems, workload orchestration, satellite connectivity and carbon-free computing. Following the reporting period, an independent patent valuation firm assessed the intellectual property portfolio at approximately **US$293 million**.\n\nVesari has also begun preliminary discussions with US investment bankers regarding a potential reverse merger, de-SPAC transaction or other route to a public listing, although Tekcapital cautioned there can be no certainty over timing or completion.\n\nLooking ahead, Vesari intends to pursue exclusive geothermal lease opportunities in the US Great Basin, subject to funding, before seeking wholesale power agreements with major hyperscale data centre operators.\n\nAcross the wider portfolio, **MicroSalt** increased 2025 revenue by **187%** to **US$2.14 million** and entered a joint development agreement with one of the world’s largest food and beverage manufacturers.\n\n**Innovative Eyewear** delivered its twelfth consecutive quarter of year-on-year growth, reporting preliminary second-quarter sales of around **US$1 million**, up approximately **71%**, while securing a Canadian rollout through **345** eyewear stores and clinics.\n\n**GenIP** expanded its customer base to **25 countries**, with growing adoption of higher-margin AI-enabled products, while **Guident** raised **US$2 million** through secured convertible loan notes and continues to target a public listing during 2026.\n\nCastro said Tekcapital’s strategy of commercialising university-derived intellectual property remains unchanged, but the scale of the business has transformed, with five active portfolio companies, three already publicly listed and two progressing towards potential listings.\n\nHe added that the combination of a growing portfolio, disciplined operating costs and significant intellectual property creation leaves Tekcapital entering the second half of the year in its strongest position to date."}