Intuitive Investments Group Reports 2025 Financial Results with Strong Hui10-Led Growth and Strategic Partnerships

Hui10 takes centre stage as IIG doubles down on China’s lottery digitalisation

Intuitive Investments Group’s 2025 results are all about one thing: Hui10. The Chinese lottery technology platform now accounts for over 99% of IIG’s portfolio as at 30 September 2025, and it delivered eye-catching growth across almost every operating metric. The strategy is clear – concentrate capital and execution around a single, high-potential asset and build value at pace.

There is plenty to like in the operational delivery. There are also some big, grown-up risks that come with such concentration and with operating in a regulated market in China. Let’s unpack both sides.

Key financials: NAV gently lower, net assets higher, cash tight

Metric	2025	2024	Change/Notes
Net Assets	£328.04 million	£311.37 million	Up year-on-year
Investments (incl. loans)	£301.88 million	£306.32 million	Slightly lower
Cash	£1.22 million	£1.06 million	Modest headroom
NAV per share	150.3p	153.9p	(2.33%) vs prior period end

IIG raised around £21 million of equity during the year and invested it into Hui10 to accelerate rollout. Post year end, the Company signed an agreement on 12 December 2025 with Helikon Investments for up to £30 million of new equity to finance Hui10’s paperless lottery rollout. That matters given the cash balance is £1.22 million – funding is essential to keep the growth flywheel turning.

IIG is also exploring a potential move from the London Stock Exchange’s Specialist Fund Segment to an Official Listing on the Main Market. If it happens, that could improve visibility and, potentially, liquidity – but timing and outcome are not disclosed.

Hui10 growth in numbers: rapid scale across shops, users and transactions

Hui10’s momentum since the last trading update has been strong. The company is rolling out “Lucky World” in lottery shops (connecting shops with a UnionPay point-of-sale terminal) and “UGO” for scratchcard sales, with metrics up sharply year-on-year.