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  3. •

    Investment managers
Tern PLC

Tern PLC

LLSE:TERN
0.95
GBX
-0.05
(-5.00%)
463.97MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
0.04
- -
- -
0.06
-0.01
- -
- -
- -
0.01
-0.03
-0.03
-0.01
-0.01
- -
Free Cash Flow per Basic Share
-0.06
-0.02
- -
-0.04
-0.01
-0.02
-0.01
-0.01
-0.01
-0.01
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
0.02
0.02
0.08
0.07
0.06
0.05
0.06
0.08
0.06
0.03
0.02
0.01
0.01
Tangible Book Value per Share
- -
0.02
0.02
0.08
0.07
0.06
0.05
0.06
0.08
0.06
0.03
0.02
0.01
0.01
Basic Weighted Avg Shares
5
18
56
93
141
246
286
330
385
406
442
489
628
641
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
-294.28
-145.18
-1,048.93
-952.28
-976.22
-774.44
-923.45
-2,531.6
-2,769.07
-768.3
-6,796.19
-1,799.64
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
- -
- -
5
-2
- -
-1
1
5
-10
-13
-4
-5
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
-130.96
-113.92
7,597.55
-1,725.09
-294.55
-625.69
531.82
7,177.96
-15,825.31
-6,328.33
-21,675.78
-9,424.35
- -
Working Capital
- -
1
- -
1
1
2
1
2
2
1
- -
- -
- -
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
- -
1
2
11
11
17
19
24
32
25
12
11
7
7
Return on Invested Capital (%)
-2,314.45
- -
- -
81.17
- -
- -
- -
2.77
15.55
- -
- -
- -
- -
- -
Return on Capital (%)
-1,359.39
- -
- -
81.09
- -
- -
- -
3.75
16.23
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-11.09
-14.05
82.25
-15.52
-2.29
-4.38
3.75
16.23
-36.48
-67.87
-32.79
-57.86
- -

Capital Structure

GBP

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
588
635
708
Market Capitalization
7
7
5

Working Capital

GBP

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1
- -
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1
1
1
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
56.65%
-17.49%
-35.75%
Free Cash Flow
444.35%
0.42%
0.32%
Net Income, GAAP
-310.09%
25.37%
34.92%
Sales/Revenue/Turnover
29.7%
53.31%
210.31%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Semi-annual Earnings Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.03
2024
- -
- -
-0.01
2025
- -
- -
-0.01

Semi-annual Dividends Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Albert E. Sisto
Full Time Employees
6
Sector
Finance
Industry
Investment managers
Address
19 Eastbourne London GL United Kingdom W2 6LG
IPO Date
Mar 8, 2006
Website
ternplc.com
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Business
Tern Plc (TERN.L) is a United Kingdom-based investment company specializing in early-stage and growth capital investments in high-growth, disruptive technology firms, particularly those developing software for Internet of Things (IoT) security, enablement, and analytics solutions targeting healthcare and industrial sectors where safety and regulatory compliance are paramount. The company invests in quoted and unquoted technology businesses with proven technology, revenue, and intellectual property, often taking active board positions to support global expansion, especially into the United States; its portfolio includes investments in Device Authority, which provides IoT identity and access management platforms, Talking Medicines for real-world patient insights, FundamentalVR for virtual reality surgical training, Wyld Networks for satellite IoT connectivity, and Sure Valley Ventures funds focusing on AI, immersive technologies, cybersecurity, and IoT. Tern Plc, founded in 2004 and headquartered at 27/28 Eastcastle Street, London, W1W 8DH, United Kingdom, operates primarily in the financial services industry under activities of venture and development capital companies, with a geographic focus on UK-origin companies pursuing international markets. Recent developments include a January 2025 strategic investment of £0.175 million in Sure Ventures plc, acquiring a 2.7% stake to gain exposure to complementary high-growth portfolios in AI, augmented reality, virtual reality, and IoT at a discount to net asset value, alongside further commitments to Sure Valley Ventures 2 (SVV2) totaling £0.5 million during 2024 to fund additional portfolio companies such as Inephany, Capably.AI, Literal Labs, Captur, Purple Transform, and Elelem; Device Authority advanced partnerships, notably with CyberArk in Q4 2024 following CyberArk's $1.54 billion acquisition of Venafi (a prior Device Authority stakeholder), and received a second $3.3 million tranche from Ten Eleven Ventures to expand North American operations and enhance IoT identity solutions.