22 May 2024 07:00
22 May 2024
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Phoenix Digital Assets PLC
("Phoenix" or "the Company")
Interim Accounts for the period 01 January 2023 to 31 March 2024
Phoenix (AQSE: PNIX), an investment firm, announces its unaudited interim accounts for the period 1 January 2023 to 31 March 2024.
The directors of Phoenix accept responsibility for this announcement. For further information please contact:
Phoenix Digital Assets | |
Jonathan Bixby Executive Chairman | Via First Sentinel |
First Sentinel | |
Corporate Adviser Brian Stockbridge | +44 7858 888 007 |
Tennyson Securities | |
Corporate Broker Peter Krens | +44 207 186 9030 |
About Phoenix:
Phoenix Digital Assets PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. Phoenix is headquartered in London, UK and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol PNIX. https://www.getphoenix.co.uk
Phoenix Digital Assets plc Registered Address: 16 Great Queen Street, London WC2B 5DG
Management accounts for the period for the period 1 January 2023 to 31 March 2024 prepared for the Company's tender offer for up to 625,000,000 ordinary shares
Statement of Comprehensive Income For the period 1 January 2023 to 31 March 2024 | |
Period from 1 Jan 2023 to 31 Mar 2024 | |
£ | |
Revenue | - |
Profit on disposal of digital assets and tokens | 57,108 |
Fair valuation movements (including impairment and exchange differences) in investments | (261,222) |
Fair valuation movements in digital assets and tokens | 53,228,376 |
53,024,262 | |
Share based payment | (262,600) |
Administrative expenses | (2,803,849) |
Amortisation | (71,875) |
Operating Profit | 49,885,938 |
Finance income | - |
Profit before taxation | 49,885,938 |
Taxation | 1,371,560 |
Profit after taxation and total comprehensive profit for the year | 51,257,498 |
Statement of Financial Position As at 31 March 2024 | |
31 Mar 2024 | |
£ | |
Non-Current Assets | |
Intangible assets | 71,659,548 |
Investments | 3,429,964 |
Deferred tax asset | 1,371,560 |
Total non-current assets | 76,461,072 |
Current Assets | |
Trade and other receivables | 5,955 |
Cash and cash equivalents | 424,771 |
Total current assets | 430,726 |
Total assets | 76,891,798 |
Shareholders' equity | |
Share capital | 1,021,500 |
Share premium | 130,500 |
Share based payments reserve | 3,188,508 |
Distributable reserve | 33,359,133 |
Retained earnings | 39,015,840 |
Total shareholders' equity | 76,715,481 |
Current Liabilities | |
Trade and other payables | 176,317 |
Total liabilities | 176,317 |
Total equity and liabilities | 76,891,798 |
Signed by Director
21 May 2024