Octopus Apollo VCT Reports 1.0% Half-Year Return, Declares 1.2p Interim Dividend

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Summary · why it matters

Octopus Apollo VCT plc reported a net asset value total return of 1.0% for the six months ended 31 July 2026, with net assets rising to £573,339,000 from £541,059,000 at 31 January 2026. Net asset value per share was 48.3p, down from 49.1p at the prior year end, while total value per share, combining NAV with cumulative dividends of 93.9p, edged up to 142.2p from 141.7p. The board declared an interim dividend of 1.2p per share, payable on 23 December 2026 to shareholders on the register at 4 December 2026. During the period the company invested £23.9 million across new and follow-on holdings, including £11.2 million into AI-powered data analytics platform Hurree, the first investment completed under expanded VCT rules, and £3.7 million into AI-native customer operations platform Gradient Labs. Apollo closed its most recent offer for subscription having raised £89.6 million, bought back 34,158,939 shares for £15.9 million, and announced a further offer targeting £50 million with an over-allotment facility of up to £25 million. Portfolio company valuations rose by a net £12.4 million, with increases across 26 companies totalling £30.5 million offset by reductions across 21 companies totalling £18.1 million.

Impact on assets 2

Financials▲
Octopus Apollo VCT PLC
OAP3
▲ PositiveCapitalrelevance

Reported 1.0% half-year NAV total return, £573.3m net assets, and declared a 1.2p interim dividend.

Others▲

Off-coverage companies 2

Gradient Labsi
Private▲ PositiveCapitalrelevance

Received £3.7 million investment from Octopus Apollo VCT as an AI-native customer operations platform.

Hurreei
Private▲ PositiveCapitalrelevance

Received £11.2 million investment from Octopus Apollo VCT, the first deal under expanded VCT rules.