Chrysalis Investments Limited

CHRY · Main Market · Financial Services · mcap £295m · 64.0p

Chrysalis Investments is a Guernsey-listed investment company holding stakes in private growth companies such as Starling Bank, Klarna, Smart Pension and wefox. It is now selling these holdings and returning the cash to shareholders.

Target	Promise	Said	Status
2024
31 Dec 2024	wefox profitable towards end of 2023 and first full profitable year in 2024	30 Oct 2023	◐ Partly kept
	“The Investment Adviser believes that wefox will be profitable towards the end of 2023, a target the company set itself at the beginning of the period and is well positioned to post its first full year of profitability in 2024.” Result Later cards show wefox restructuring and funding, with continued cost focus. Profitability is not clearly confirmed. “The Investment Adviser has proffered a solution to recapitalise wefox, which, with selective disposals, would see the company funded to likely profitability.”28 Jun 2024 · Half-year Results “The Company has supported wefox with additional capital and the Investment Adviser has been working closely with other stakeholders to create a viable solution to wefox's funding requirements that it believes will allow the business to continue its journey towards profitability.”29 Jul 2024 · Quarterly NAV Announcement and Trading Update
2025
30 Sep 2025	Complete £100m capital returns by September 2025	8 May 2025	◐ Partly kept
	“At the current pace, the Company is on track to meet the full £100 million target by September 2025” Result The target slipped to November 2025 but was achieved, with £117m returned by May 2026. “The current programme of share buybacks will continue to complete the return of up to £100 million - the second element of the CAP - which is anticipated to be fulfilled during November 2025.”4 Nov 2025 · Consultation Process Update “the Board today announces the formal discontinuation of the current share buyback programme, which was initiated on 26 September 2024 and has returned £117 million to shareholders.”5 May 2026 · Management Arrangements and Self-Managed Model