Tadvest NAV climbs amid revaluations, new investments

Tadvest Limited (JSE:TADN) has announced its audited abridged financial statements for the year ended December 31, 2024, revealing a rise in net asset value (NAV) by USD 7.9 million, compared to an increase of USD 6.2 million in the previous year. The primary driver behind this growth was the revaluation of the company's private equity holdings and property, contributing USD 10.5 million, partially offset by currency headwinds. The company's liquidity position remains solid, holding USD 3.1 million in cash and cash equivalents. Key investment activities included a USD 1.8 million investment in Nuvo Energy, a renewable energy company, and the disposal of Nova NCP, resulting in a profit of USD 0.3 million. Tadvest also advanced a USD 0.1 million loan to Sunbird Silar International (Cyprus) Limited. Dividend income received during the year totaled USD 0.9 million. No dividend has been declared for the year.