Breakthrough Victoria Pty Ltd 2025-26 annual report
Summary
The report's own summary: Message from the CEO, pages 10 to 11
Generated summary: written by an AI model from the report text and checked against the cited pages.
Breakthrough Victoria reported for 2025-26 on its investment work to commercialise research and support innovation, economic growth and jobs in Victoria.
Breakthrough Victoria reported making 22 investments and committing $50 million to new opportunities during the year.
Breakthrough Victoria reported its first cumulative capital returns of $83.7 million during the year.
Breakthrough Victoria reported a positive net financial result of $165.8 million.
In the body's own words
- Finding
This year the Company delivered a positive net financial result of $165.8 million, while continuing to increase assets under management and reduce expenses.
Finances 4
Total income
$13,095 thousand
Printed as
Total income 13,095 18,027
Total expenses
$12,168 thousand
Printed as
Total expenses 12,168 17,795
Employee benefit expenses
$7,525 thousand
Printed as
Employee benefit expenses 3.3 7,525 11,718
Net result
$165,840 thousand
Printed as
Net result 165,840 (5,685)
Staff 2
equal to 24 FTE as at 30 June 2026
24 FTE
Printed as
team of staff (equal to 24 FTE as at 30 June 2026)
Of the 24 employees at 30 June 2026
24 people
Printed as
Of the 24 employees at 30 June 2026
Executives and remuneration 4
Accountable Officers
$610,000 – $619,999
Printed as
Accountable Officers $240,000 – $249,999 – 1 $430,000 – $439,999 – 1 $610,000 – $619,999 1 –
Total number of executives(b)
7
Printed as
Total number of executives(b) 7 8
Total remuneration
$2,588 thousand
Printed as
Total remuneration 2,588 3,245
Total remuneration(a)
$2,407 thousand
Printed as
Total remuneration(a) 2,407 3,196
Consultancies 2
The total expenditure was $109,000
$109,000
Printed as
The total expenditure was $109,000, excluding GST
We Are Charlotte Pty Ltd
$109,000
Printed as
We Are Charlotte Pty Ltd Engagement for people and culture advice, and consolidation of entities into Innovation Victoria 210,000 50,000 109,000 51,000
Other figures 1
first cumulative capital returns
$83.7 million million
Printed as
its first cumulative capital returns of $83.7 million
About the document
- Edition
- Current edition
- Reading status
- Read by OPAX
- Pages
- 106
- Figures not found in the report
- Executive band