Octopus AIM VCT 2 plc
Portfolio Update
The investment portfolio of Octopus AIM VCT 2 plc (the “Company”) as at 9 January 2026 is as follows (the valuations being the unaudited valuations, at bid price, as at 30 November 2025):
Investee Company Sector Book cost (£000)Movement in valuation (£000)Fair Value
(£000)
Hasgrove Limited * & ***Unquoted Investment1539,2679,420Craneware plcHealth Care Providers4792,9123,391Popsa Holdings Limited *Unquoted Investment1,0601,5862,646Netcall plcSoftware and Computer Services3562,1282,484Idox PLCSoftware and Computer Services3141,9852,299Animalcare Group plcPharmaceuticals and Biotechnology8241,3462,170Aurrigo International plcTechnology Hardware and Equipment1,1055261,631GB Group plc **Software and Computer Services3371,0611,398Judges Scientific plcElectronic and Electrical Equipment1571,2071,364Brooks Macdonald Group plc **Investment Banking and Brokerage Services6106251,235Diaceutics plcHealth Care Providers6206031,223Vertu Motors plcRetailers7774161,193Abingdon Health plcMedical Equipment and Services1,677(517)1,160Beeks Financial Cloud Group plc **Software and Computer Services2728851,157PCI-Pal plcSoftware and Computer Services8632441,107SDI Group plcElectronic and Electrical Equipment1199521,071EKF Diagnostics Holdings plcMedical Equipment and Services737134871Windar Photonics plcElectronic and Electrical Equipment624140764Haydale Graphene Industries plcIndustrial Materials1,238(481)757Gear4music Holdings plcLeisure Goods353377730Ixico plcPharmaceuticals and Biotechnology1,101(393)708Equipmake Holdings plcElectronic and Electrical Equipment1,414(741)673Nexteq plcTechnology Hardware and Equipment338308646Strip Tinning Holdings plc (Loan) *Unquoted Investment600-600Ilika plcElectronic and Electrical Equipment706(115)591The Beauty Tech Group plc **Personal Care, Drug and Grocery Stores5762578JTC plcInvestment Banking and Brokerage Services401130531Applied Nutrition plc **Food Producers331157488Itaconix plcGeneral Industrials1,059(582)477Oberon Investments Group plcInvestment Banking and Brokerage Services576(110)466Cranswick plc **Food Producers40460464Wise plc **Industrial Support Services36489453Gamma Communications plc **Telecommunications Service Providers183267450GENinCode plcMedical Equipment and Services1,654(1,210)444Cambridge Cognition Holdings plcHealth Care Providers717(308)409Tan Delta Systems plcElectronic and Electrical Equipment30247349Eden Research plcChemicals1,080(748)332KRM 22 plcSoftware and Computer Services618(290)328Bloomsbury Publishing Plc **Media419(120)299DP Poland plcTravel and Leisure678(441)237Bytes Technology Group plc **Software and Computer Services326(123)203Haydale Graphene Industries Plc (Loan) *Unquoted Investment200-200Alusid Limited *Unquoted Investment200-200GETECH Group plcOil, Gas and Coal200(10)190MyCelx Technologies CorporationElectronic and Electrical Equipment980(828)152Rosslyn Data Technologies plcSoftware and Computer Services779(644)135TPXimpact Holdings plcSoftware and Computer Services653(521)132Gelion plcElectronic and Electrical Equipment760(658)102Velocity Composites plcAerospace and Defence533(433)100Crimson Tide plcSoftware and Computer Services378(296)82Creo Medical Group plcMedical Equipment and Services981(903)78Fusion Antibodies plcHealth Care Providers497(426)71Mears Group plc **Industrial Support Services511465Verici Dx plcPharmaceuticals and Biotechnology1,003(947)56XP Factory PLCTravel and Leisure659(605)54Feedback plcMedical Equipment and Services1,000(948)52ENGAGE XR Holdings plcSoftware and Computer Services1,253(1,202)51Strip Tinning Holdings plcElectronic and Electrical Equipment337(291)46DXS International plcSoftware and Computer Services200(170)30Northcoders Group plcSoftware and Computer Services253(225)281Spatial plcSoftware and Computer Services200(173)27TheraCryf plcPharmaceuticals and Biotechnology700(684)16Tasty plcTravel and Leisure336(331)5Genedrive PlcPharmaceuticals and Biotechnology145(143)2Metir plcElectronic and Electrical Equipment922(922)-Sorted Group Holdings plcSoftware and Computer Services509(509)-Airnow Limited *Unquoted Investment838(838)-The British Honey Company plcGeneral Retailers880(880)-Enteq Upstream plcOil, Gas and Coal687(687)-Cloudified Holdings LimitedSoftware and Computer Services600(600)-Rated People Ltd *Unquoted Investment236(236)-ReNeuron Group plcPharmaceuticals and Biotechnology990(990)-Trackwise Designs plcTechnology Hardware and Equipment1,289(1,289)-Verici Dx PlcPharmaceuticals and Biotechnology41(41)-The Food Marketplace Ltd *Unquoted Investment200(200)-LungLife AI IncPharmaceuticals and Biotechnology1,386(1,386)-Libertine Holdings plcIndustrial Engineering2,000(2,000)- Since 30 November 2025 Octopus AIM VCT 2 plc has made £2.5 million investments and £9.3 million disposals.
Unless otherwise stated, all the investments set out above:
are not quoted on regulated markets for the purpose of the Prospectus Regulation (AIM is not a regulated market for this purpose); represent equity investments except in the case of Strip Tinning Holdings plc and Haydale Graphene Industries plc which include investment through loan stock; and are in portfolio companies incorporated in the UK with the exception of: Cloudified Holdings Limited – British Virgin Islands
ENGAGE XR Holdings plc – Republic of Ireland
JTC plc – Jersey
LungLife AI Inc – USA – USA
MyCelx Technologies Corporation – USA
Windar Photonics – Denmark
* Denotes unlisted company
** Denotes company listed on the main market of the London Stock Exchange
*** Sale completed post 30 November 2025
Current Asset Investments (unaudited)
Portfolio Company Book cost (£’000)Fair Value (£’000)FP Octopus UK Microcap Growth Fund 5,4125,475FP Octopus UK Multi Cap Income Fund 1,8112,271FP Octopus UK Future Generations Fund 1,6841,620JPMorgan Sterling Liquidity Fund 5,6505,650
Source: Portfolio Update
