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Touch Ventures Limited (ASX:TVL)

ALERT: Price-sensitive ASX Announcement for TVL
Current share price for TVL : $0.059 -0.004 (-6.35%)+
Announcement
Release
27 Aug 2025 9:01AM
Price at Release
$0.063
Full Release
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Summary
Touch Ventures Limited, in its Half Yearly Report for the period ending 30 June 2023, reported a net loss of $5.1 million and a reduction in investments and cash holdings compared to the previous year-end. The company continued to invest strategically, including a new investment in Mr Yum, while actively supporting its existing portfolio across sectors such as payments, retail innovation, and digital assets. No dividends were declared, and the Board remains committed to prudent cash management and identifying future investment opportunities. The directors confirm compliance with all pertinent accounting and statutory requirements.
Key Points
  • Touch Ventures Limited (TVL) released its Half Yearly Report and Accounts for the six months ended 30 June 2023.
  • The company recorded a net loss after tax of $5.1 million for the half year, compared to a loss of $3.2 million in the prior period.
  • Investments at fair value decreased from $108.7 million as at 31 December 2022 to $105.9 million as at 30 June 2023.
  • Cash and cash equivalents decreased to $12.3 million from $17.7 million at the end of 2022.
  • TVL’s investment portfolio includes interests in payments, retail innovation, consumer finance, and digital assets.
  • During the period, TVL made a new investment of $1.5 million in Mr Yum and supported portfolio companies with follow-on investments.
  • No dividends were paid or declared during the reporting period.
  • The Board continues to focus on supporting investees, managing cash prudently, and seeking suitable new investment opportunities.
  • The company’s directors declared that the financial statements comply with the Corporations Act 2001 and relevant accounting standards.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.