Seraphim Space Investment Trust Plc (SSIT) Earnings Call Transcripts

Seraphim Space Investment Trust Plc's Latest Earnings Call - Q3 FY2026

Seraphim Space Investment Trust Plc (SSIT) reported a record Q3 FY2026, with NAV per share increasing by 25% from GBP 1.42 to GBP 1.78. The share price rose from GBP 1.20 to GBP 2.00, driven by a 31% increase in portfolio value to GBP 433 million. Key holdings like ICEYE, HawkEye 360, and Xona Space contributed significantly to this growth. Management maintained a positive outlook, highlighting the SpaceX IPO as a potential sector catalyst. No changes were made to forward guidance.

Reported metrics

Guidance from management

Management maintained guidance, emphasizing continued NAV growth driven by strong portfolio performance and strategic sector positioning. No specific numerical guidance changes were provided.

What management said

Yes, it's during the course of this week. And we think it's a very positive next step for Seraphim. All of the sort of index buyers are going to be acquiring the shares, which we think will provide a sort of short-term uplift in value. It also exposes Seraphim to a broader group of investors, which we think in due course will lead to more new names joining the cap table. So yes, we think net-net, it's positive.

What analysts pressed on

Analysts questioned the pathway to profitability for key holdings and the timing of cash returns from the ALL.SPACE disposal. Concerns were also raised about the realistic market valuation of ICEYE and the timing of SatVu's next satellite launch.

Main topics on the call

• Record NAV Growth — NAV per share increased by 25% from GBP 1.42 to GBP 1.78, driven by a 31% increase in portfolio value to GBP 433 million. Management highlighted, "SSIT share price performance has significantly outperformed both the benc...
• ICEYE Performance — ICEYE, now 47% of NAV, reported unaudited 2025 revenue over EUR 250 million and EBITDA exceeding EUR 100 million. The valuation uplift was GBP 67 million, driven by large contract wins and a EUR 1.5 billion order backlog...
• HawkEye 360 IPO — HawkEye 360, 9.8% of NAV, completed a successful IPO on the NYSE, raising $416 million at a valuation of approximately $2.8 billion. Shares opened above the offer price, indicating strong market reception.
• ALL.SPACE Acquisition — ALL.SPACE, 13.6% of NAV, is set to be acquired by York Space Systems for $355 million. The transaction is pending regulatory approval, and the valuation impact is yet to be fully determined.

Read the full Seraphim Space Investment Trust Plc transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 9 Seraphim Space Investment Trust Plc earnings call transcripts on record, spanning February 23, 2022 to June 3, 2026. Based on this history, Seraphim Space Investment Trust Plc reports semi-annually. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SSIT

Exchange

LSE

Country

GB

Sector

Financials

Industry

Capital Markets

Calls on record

9

First call

February 23, 2022

Most recent

June 3, 2026

Reporting cadence

semi-annually