Financial Results

Intuitive Investments Group plc

24 December 2024

 

24 December 2024

Intuitive Investments Group plc

Financial Results

Intuitive Investments Group plc (SFS: IIG) ("IIG" or the "Company"), the closed-end investment company focussed on fast growing and high potential opportunities in the technology, life sciences and healthcare sectors, announces its financial results for the year to 30 September 2024. The full report and accounts can be viewed by clicking on the following link: https://iigplc.com/financial-reports/

Key Developments

Strategic Investment in Hui10 Inc.

·    Investment in Hui10, a company integral to China's digital lottery transformation.

·    Established growth trajectory with innovative solutions like the Points Exchange for Lottery Tickets (PELT) platform, Lucky World HongBao (Red Envelope) platform and partnerships with UnionPay, Alibaba, and Qunar.

·    Key expansions include the rollout with 2,235 Lucky World Shops connected, 243,560 registered users and the opening of two flagship stores.

·    Recorded at fair value, with cost considered appropriate during the first year of the investment.

Strengthened Leadership Team

·    Sir Nigel Rudd assumed the role of Chairman.

·    Giles Willits joined as Chief Investment Officer and Richard Kilsby was appointed as Non-Executive Director.

Financial highlights

	30 September 2024	30 September 2023	30 September 2022
Net Assets (£)	311.37 million	10.46 million	12.93 million
Investments (£)	306.32 million	8.78 million	11.16 million
Cash (£)	1.06 million	1.74 million	1.55 million
Net Asset Value ("NAV") per share (£)	1.540	1.204	1.795

Sir Nigel Rudd, Chairman, commented:

"The past year has been transformative for Intuitive Investments Group. Our strategic investment in Hui10 is a groundbreaking opportunity with the potential to deliver long-term value for our shareholders. With a strengthened leadership team I am confident that the foundations we have laid will drive sustained growth in the years to come."

Enquiries:

Intuitive Investments Group plc Sir Nigel Rudd, Non-Executive Chairman Robert Naylor, CEO Giles Willits, CIO	www.iigplc.com Via FTI Consulting
Zeus Nick Cowles / Graeme Summers / Dominic King	[phone]
FTI Consulting Jamie Ricketts / Valerija Cymbal / Jemima Gurney	[phone] [e-mail]

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing, high potential Technology and Life Sciences businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.

 About Hui10

Hui10 is a technology company with interests in two operating businesses, Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital transformation of the Chinese lottery. Huishi Dehua enables the market expansion of the Chinese lottery through its proprietary technology platform. Huishi Dehua is integrated into China's national card settlement system and payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky World is an ecommerce platform which provides China's existing lottery shops access to a wider fast-moving consumer goods product offering. Hui10 owns 60% of Lucky World.

 

END