Agronomics shares slip as portfolio company Meatable dissolved

(Sharecast News) - Shares in London-listed clean food investor Agronomics dipped on Friday after its portfolio company Meatable was dissolved due to funding issues. Meatable, which produces cultivated meat, has struggled with "foreseeable and unforeseeable risks and uncertainties" throughout 2025, resulting in difficulties obtaining funds from new or existing shareholders.

As a result, the board decided that an orderly wind-down of the business was the "most appropriate course of action", according to Agronomics, which had invested £7.9m in the company to date.

Meatable had a carrying value to Agronomics of £11.9m prior to the dissolution news, but this will now be written off to zero. As of 30 September, Meatable accounted for 8.1% of Agronomics' total net asset value.

"While this outcome is disappointing, we believe the decision has been taken responsibly and in the best interests of all stakeholders," said chair Jim Mellon. "Agronomics continues to actively manage its portfolio and remains focused on supporting its wider portfolio of businesses with strong long-term growth potential."

In a separate announcement on Friday, Agronomics said that another portfolio company, ingredient tech outfit Liberation Bioindustries, has closed the first tranche of its Series A1 equity round as it finalises the construction of its first commercial-scale precision fermentation biomanufacturing facility.

Agronomics has invested £21.9m to date in the company, carried at $35m according to the latest valuation, representing 23% of the group's net asset value as of 30 September.

Through an affiliate company, Agronomics participated in the latest funding round with an investment of $2.5m.

Agronomics' share price was trading 3.7% lower at 6.74p by 1019 GMT, falling as much as 7.1% earlier on.