Excellent22 Dec 2025 07:09
Defence Holdings PLC has reported significant operational progress and financial strengthening for the six months ended 30 September 2025. Total assets increased to £2.72 million from £77,000, while total liabilities decreased to £78,000 from £729,000, bolstered by £3.45 million in gross proceeds raised, including £350,000 from board members. Cash reserves grew to £2.21 million from £69,000. Project Ixian has advanced to a pre-contract pathway with its first customer, and the company is nearing a CEO appointment. Defence Holdings also committed £1.0 million to AI co-development programmes with Whitespace, with £0.5 million paid. The company's shares are now cross-listed on the US OTC Market.