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Agronomics Releases H2 2022 Financial Report

Published on
Feb 8, 2023
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Agronomics Ltd, the Isle of Man-based and publicly-traded cellular agriculture investment firm, released an unaudited interim report and condensed financial statements for the second half of 2022.


  • £132,691,338 of financial assets at fair value
  • £21,715,465 of cash and cash equivalents on hand
  • £18,582,602 comprehensive profit/appreciation for the period of July 1, 2022 - December 31, 2022)
  • Total company assets of £162,623,321, up from £146,398,248 on June 30, 2022

The full report can be viewed here:

"Our current investment portfolio shows considerable promise for future growth, given the scale of opportunity to invest in the nascent alternative foods sector. We are expecting significant developments in a number of our portfolio companies that should positively impact their valuation in the coming months.

2022 saw a decline in venture funding across the board, and also within the field of cellular agriculture. Whilst this may be seen as a concern, we are optimistic that this reset has allowed for a readjustment of company expectations, to allow for funding rounds to be completed in the coming months at favourable and realistic valuations. Cellular agriculture remains a bright spot of activity for capital deployment in companies that offer defensible IP, and technologies that will allow for a revolution in the way we produce food and other agricultural products." - Richard Reed, Chairman


NAV Weighting / Company, Top 10 Holdings by Weight

11.4% - Liberation Labs
9.7% - SuperMeat
6.9% - VitroLabs
5.7% - Formo
5.2% - All G Foods
4.9% - Geltor
4.6% - BlueNalu
4.3% - Meatable
4.3% - The EVERY Company
3.7% - OneGo Bio

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