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30 Jun 2026 16:15
Catenai PLC
("Catenai", the "Company")
Final Results
Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology services, announces its full year audited results for the year ended 31 December 2025.
Financial overview
· The Company made a net loss for the year of £496,401 (2024: £128,714). Revenues for the year were £71,350 (2024: £131,500).
· The Company has a statement of financial position at the year-end showing net assets of £2,462,040 (2024 net assets: £404,568).
Operational overview
· The Company raised significant funds in the year and was able to continue to support Klarian Ltd as well as make a new investment into Alludium Ltd.
· The Board are pleased with the progress of both Klarian and Alludium. The Board looks forward to further progress in the near term.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation. The person who arranged for release of this announcement on behalf of the Company was John Farthing, Interim Chief Executive Officer of the Company and the Directors of the Company are responsible for the release of this announcement.
For further information please contact:
Catenai PLC | +44 (0)20 7183 8666 |
John Farthing, Interim Chief Executive Officer | |
Cairn Financial Advisers LLP (Nominated Adviser) | +44(0)20 7213 0880 |
Liam Murray / Ludovico Lazzaretti / James Western | |
Shard Capital Partners LLP (Broker) | +44 (0)20 7186 9952 |
Damon Heath | |
Yellow Jersey PR | +44 (0) 20 3004 9512 |
Charles Goodwin / Ryan Forecast |
Notes to Editors:
About Catenai PLC
Catenai is an AIM quoted provider of digital media and technology services. The Company has an experienced IT team of project managers and integrators who have deployed systems across corporate, government and educational sectors.
www.catenaiplc.com
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
Chairman's Statement
Business and performance review
The Company raised significant funds in the year and was able to continue to support Klarian Ltd as well as make a new investment into Alludium Ltd.
We are pleased with the progress of both Klarian and Alludium. We look forward to further progress in the near term.
The BTC Treasury is under review and to date no purchases of BTC have been made.
Board changes
There were no changes during the year.
Financial overview
The Company made a net loss for the year of £496,401 (2024: £128,714). Revenues for the year were £71,350 (2024: £131,500).
The Company has a statement of financial position at the year-end showing net assets of £2,462,040 (2024 net assets: £404,568).
Working capital and fund raisings
During the year, the Company raised £2,521,404 through a combination of placings, subscriptions and settlement of liabilities by the issue of shares.
Company strategy
The Board continues to focus on organic growth, building on existing customer relationships and attracting new clients, and on identifying and exploring strategic acquisitions to build the Company and improve shareholder value.
Operational KPIs
These are:
● number of customers;
● number of repeat orders;
● number of acquisition opportunities reviewed; and
● bank balance.
Current Trading and Outlook
We continue to seek additional work from customers and develop the relationship with Alludium Ltd. The recent fundraise puts the Company in an excellent cash position.
I would like to thank the team at Catenai for their commitment and tenacity in pursuing every opportunity to bring new business into the Company.
Post period end
After the year end the Company invested a further £250,000 into Alludium Ltd. Please refer to note 22 for further details.
Since the start of 2026, Alludium has progressed from a horizontal, early-stage AI agent business into a customer-facing platform with a clear vertical focus. The company launched its platform to its initial design partners, has now delivered a significant V2 release, and refined its proposition around venture capital, where repeatable, high-context workflows are a clear initial use case for reliable AI execution with human oversight. Working closely with SVV (Sure Valley Ventures) as a design partner, Alludium has developed VC-focused workflows across areas such as sourcing, screening, diligence and internal review. Alludium has now moved from product development into active sales, with engagement underway across potential customers through outbound activity, inbound interest and warm introductions.
Brian Thompson
Chairman
29 June 2026
Statement of comprehensive income for the year ended 31 December 2025
|
|
| |
| 31 December | 31 December | |
| 2025 | 2024 | |
£ | £ | ||
Revenue | 71,350 | 131,500 | |
Cost of sales | - | - | |
Gross profit | 71,350 | 131,500 | |
Administrative expenses
Reversal of provision |
| (523,623)
- | (262,679)
- |
Loss from operations | (452,273) | (131,179) | |
Interest expenses | (56,309) | ||
(508,582) | |||
Bank interest received | 12,181 | 3,005 | |
Loss before taxation | (496,401) | (128,174) | |
Taxation credit | - | - | |
Loss from continuing operations | (496,401) | (128,174) | |
| |||
Total comprehensive loss for the year | (496,401) | (128,174) | |
Basic and diluted loss per share (pence) |
|
(0.05) |
(0.04) |
The notes form part of these financial statements.
Statement of financial position at 31 December 2025
|
|
|
| ||
|
|
|
| ||
| 2025 | 2024 |
| ||
£ | £ |
| |||
Non-current assets |
| ||||
Intangible assets | 1 | 1 |
| ||
Investments | 950,000 | - |
| ||
950,001 | 1 |
| |||
Current assets |
| ||||
Trade and other receivables | 988,493 | 578,321 |
| ||
Cash and other equivalents | 586,446 | 477 |
| ||
1,574,939 | 578,798 |
| |||
Current liabilities |
| ||||
Trade and other payables | (50,400) | (174,230) |
| ||
Loans and borrowings | (12,500) | - |
| ||
(62,900) | (174,230) |
| |||
Non current liabilities |
|
|
| ||
Loans and borrowings | - | - |
| ||
Total liabilities | (62,900) | (174,230) |
| ||
|
|
| |||
Net assets / (liabilities) | 2,462,040 | 404,568 |
| ||
Capital and reserves |
| ||||
Ordinary share capital | 143,386 | 789,149 | |||
Deferred share capital | 4,387,684 | 3,615,192 | |||
Share premium account | 22,186,901 | 19,956,224 | |||
Share reserve | - | (83,333) | |||
Share warrant | 196,467 | - | |||
Merger reserve | 11,119,585 | 11,119,585 | |||
Capital redemption reserve | 2,732,904 | 2,732,904 | |||
Retained Losses | (38,304,887) | (37,725,153) | |||
Shareholders' funds | 2,462,040 | 404,568 | |||
The financial statements were approved by the Board and authorised for issue on 29 June 2026
Brian ThompsonChairman
The notes form part of these financial statements.
Statement of cash flows for the year ended 31 December 2025
|
|
|
|
|
| 31 December | 31 December |
Cash flow from operating activities |
| 2025 | 2024 |
£ | £ | ||
Loss for the year | (496,401) | (128,174) | |
Adjustments for: | |||
Amortisation of intangible assets | - | - | |
Net bank and other interest charges | - | - | |
Services settled by the issue of shares | 136,000 | - | |
Issue of share options and warrants charge | 168,468 | - | |
Net cash outflow before changes in working capital | (191,933) | (128,174) | |
(Increase)/Decrease in trade and other receivables | 353,423 | (561,029) | |
(Decrease) / Increase in trade and other payables | 101,386 | 15,295 | |
Cash outflow from operations | 454,809 | (673,908) | |
Interest received | - | - | |
Interest paid | (56,309) | - | |
Net cash flows from operating activities | (56,309) | - | |
Investing activities | |||
Investment in Alludium | (950,000) | - | |
Net cash flows from investing activities | (950,000) | - | |
Financing activities | |||
Issue of share capital | 1,493,400 | 720,000 | |
Share issue costs | (163,998) | (46,800) | |
New loans raised | - | - | |
Net cash flows from financing activities | 1,329,402 | 673,200 | |
Net (decrease) / increase in cash |
585,969 |
(708) | |
Cash and cash equivalents at beginning of year | 477 | 1,185 | |
Cash and cash equivalents at end of year | 586,446 |
477 | |
During the year the Company settled £1,028,004 (2024: £292,700) of liabilities by the issue of shares in non-cash transactions.
The notes form part of these financial statements.
Statement of changes in equity for the year ended 31 December 2025
Share Capital |
Share Premium | Deferred Shares / Shares to be issued |
Other Reserves |
Retained Earnings |
Total Equity | |
£ | £ | £ | £ | £ | £ | |
Balance at 31 Dec 2023 |
570,078 |
19,665,457 |
3,159,130 |
13,769,156 |
(37,596,979) |
(433,158) |
Loss for the year |
- |
- |
- |
- |
(128,174) |
(128,174) |
Share capital Issued
|
219,071 |
290,767 |
456,062 |
|
|
965,900 |
Balance at 31 Dec 2024
|
789,149 |
19,956,224 |
3,615,192 |
13,769,156 |
(37,725,153) |
404,568 |
Loss for the year | - | - | - | (496,401) | (496,401) | |
Share capital Issued
| 126,729 | 2,394,675 | - | - | - | 2,521,404 |
Sub-division of the share capital | (772,492) | - | 772,492 | - | - | - |
Less issue cost | - | (163,998) | - | - | - | (163,998) |
Share Warrant | - | - | - | 196,467 | - | 196,467 |
Share option lapsed | - | - | - | 83,333 | (83,333) | - |
Balance at 31 Dec 2025 | 143,386 | 22,186,901 | 4,387,684 | 14,048,956 | (38,304,887) | 2,462,040 |
The other reserves relate to the merger reserve, share reserve and the capital redemption reserve.
The notes form part of these financial statements.
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