Bailador Technology Investments (ASX:BTI) (ASX:BTI) announced its half-year results for the period ending December 31, 2023.
The company reported a 41% increase in combined portfolio revenue, which reached $379 million.
"The BTI portfolio ended 2023 in a strong position," highlighting the notable performance of investments like SiteMinder and Access Telehealth, which saw valuation increases of 76% and 28%, respectively.
The post-tax Net Tangible Assets (NTA) per share increased by 8% to $1.64, with a declared interim dividend of 3.5 cents per share.
The company successfully exited InstantScripts, achieving a 61% Internal Rate of Return (IRR) and deployed $29 million in capital over the last 12 months.
With a net cash reserve of $94 million as of December 2023, BTI is positioned to pursue future investment opportunities, maintaining a conservative approach to portfolio valuation.
THIS INFORMATION IS BASED ON THE ASX ANNOUNCEMENT 7/2/2024