2026 Interim Results
H1 2026 loss of £407k; book value per share fell to 15.2p; Brislington property sold; Board seeking growth solution.
| Half year to 30 Jun 2026 | Now | Year before | Change |
|---|---|---|---|
| Revenue | £0.1m | £0.1m | −22.0% |
| Operating profit | (£0.4m) | (£0.3m) | |
| Profit before tax | (£0.4m) | (£0.3m) | |
| Net income | (£0.4m) | (£0.3m) | |
| Cash from operations | (£0.2m) | (£0.4m) | |
| Cash | £1.2m | £0.5m | +136.4% |
Figures as reported, converted to £ where needed – see all financials.
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17-Sep-2026 / 11:01 GMT/BST
Alina Holdings PLC
Alina Holdings PLC
(Reuters: ALNA.L, Bloomberg: ALNA:LN)
("Alina" or the "Company")
Interim Results for the period ended 30 June 2026
The Company is pleased to announce its results for the six months ended 30 June 2026. The interim results have been submitted to the FCA and will shortly be available on the Company’s website: www.alina-holdings.com
Highlights for the 6 months ended 30 June 2026
GROUP RESULTS 1H 2026 versus 1H 2025
| Group Net Profit / (Loss) for the period - £000 | (£407) vs (£264) |
| Group Earnings / (Loss) Per Share (both basic and diluted)* 1 | (1.79p) vs (1.16p) |
| Reported Book value per share* 2 | 15.2p vs 19.3p |
| Net Cash - £000 | £1,220 vs £516 |
| Financial Holdings - £000 | £1,604 vs £1,683 |
* 1 based on weighted average number of shares in issue of 22,697,397 (1H25: 22,697,397)
* 2 based on actual number of shares in issue as at 30 June 2026 of 22,697,397
Chairman’s Statement
H1 2026 was marked by further progress on the sale of the Company’s property assets. The completion of the sale of the Company’s Brislington property leaves the Company with one remaining asset in Hastings.
During H1, Management also focused on the next phase in the Company’s life. In the Board’s (“BOD”) opinion there is more value to be generated for shareholders by maintaining the public listing rather than by liquidating the Company. The Board has therefore resolved to seek a ‘growth’ solution and is actively engaged in exploring a number of opportunities.
Castle Court, Hastings
As previously reported, the Company’s Hastings property has now been internally sanitised and the BOD is in advanced discussions with two potential tenants to lease the majority (in excess of 90%) of the vacant commercial property on the ground floor and Eastern aspect of the first floor. This would leave the remainder of the first floor and parts of the second floor available for development into flats or work/live units.
In this connection the BOD has retained the services of SHW to oversee the planning application process.
Brislington, Bristol
As previously announced, the sale of the Company’s Bristol property in Brislington completed on 2 June 2026.
Miscellaneous
The Company currently owns 6.6 million shares of Thalassa Holdings and has committed to purchase more from the proceeds of future property sales. These shares will, in due course, be distributed, partially or in full, to shareholders on a pro-rata basis.
I look forward to updating the Market on further development progress and the Company’s shareholder value initiatives in due course.
Duncan Soukup
Chairman
Alina Holdings plc
Financial Review
Total income for the 1H 2026 period was (£91k) which includes the loss on the sale of Brislington (1H 2025: £121k).
Gross Rental Income declined by 22% to £85k from £109k as at 30 June 2025 due to the sale of Brislington in June 2026.
Cost of sales decreased from £91k to £62k, driven by abortive sale of Brislington credit of £60k that did not complete in early 2026 and £20k increased costs related to service charges at vacant units.
During the period under review Book Value decreased 10% to 15.2p/shr from 16.9p/shr as at 31 December 2025.
Duncan Soukup
Chairman
Alina Holdings plc
Interim Condensed Consolidated Statement of Income
For the six months ended 30 June 2026
| Six months | Six months | Year | |
|---|---|---|---|
| ended | ended | ended | |
| 30 Jun 26 | 30 Jun 25 | 31 Dec 25 | |
| Unaudited | Unaudited | Audited | |
| Note | £'000 | £'000 | £'000 |
| Gross rental income | 85 | 109 | 219 |
| Net gains/(losses) on investments at fair value | (34) | 45 | (20) |
| Interest income | 3 | 11 | 15 |
| Profit/(Loss) on disposal of investment properties | (145) | - | - |
| Currency losses | - | (44) | (38) |
| Total Income | (91) | 121 | 176 |
| Property operating expenses | (59) | (89) | (198) |
| Financial holdings expenses | (3) | (2) | (4) |
| Total Cost of Sales | (62) | (91) | (202) |
| Gross profit | (153) | 30 | (26) |
| Administrative expenses including non-recurring items | (256) | (282) | (542) |
| Gain from change in fair value of investment properties | - | - | (191) |
| Operating loss before net financing costs | (409) | (252) | (759) |
| Depreciation | (1) | (1) | (3) |
| Net financial income/(expense) | (10) | (11) | (22) |
| Other income/(expense) | 13 | - | - |
| Share of profits/(losses) of associated entities | - | - | (17) |
| Loss before tax | (407) | (264) | (801) |
| Taxation | - | - | - |
| Profit/(loss) for the year from continuing operations | (407) | (264) | (801) |
| Attributable to: | |||
| Equity shareholders of the parent | (407) | (264) | (801) |
| (407) | (264) | (801) | |
Earnings per share - GBP- pence (using weighted average number of shares)
| Six months | Six months | Year | ||
|---|---|---|---|---|
| ended | ended | ended | ||
| 30 Jun 26 | 30 Jun 25 | 31 Dec 25 | ||
| Basic and Diluted | 3 | (1.79) | (1.16) | (3.53) |
The notes on pages 13 to 16 form an integral part of this consolidated interim financial information.
Interim Condensed Consolidated Statement of Comprehensive Income
For the six months ended 30 June 2026
| Six months | Six months | Year | |
|---|---|---|---|
| ended | ended | ended | |
| 30 Jun 26 | 30 Jun 25 | 31 Dec 25 | |
| Unaudited | Unaudited | Audited | |
| £'000 | £'000 | £'000 | |
| Profit/(loss) for the financial year | (407) | (264) | (801) |
| Total comprehensive income | (407) | (264) | (801) |
| Attributable to: | |||
| Equity shareholders of the parent | (407) | (264) | (801) |
| Total Comprehensive income | (407) | (264) | (801) |
The notes on pages 13 to 16 form an integral part of this consolidated interim financial information.
Interim Condensed Consolidated Statement of Financial Position
As at 30 June 2026
| As at | As at | As at | ||
|---|---|---|---|---|
| 30 Jun 26 | 30 Jun 25 | 31 Dec 25 | ||
| Note | Unaudited | Unaudited | Audited | |
| Assets | £'000 | £'000 | £'000 | |
| Non-current assets | ||||
| Investment properties | 4 | 1,046 | 315 | 1,189 |
| Investments in associated entities | 19 | 36 | 19 | |
| Total non-current assets | 1,065 | 351 | 1,208 | |
| Current assets | ||||
| Trade and other receivables | 159 | 382 | 167 | |
| Investments at fair value through profit and loss | 5 | 1,604 | 1,683 | 1,617 |
| Investment properties held for sale | - | 2,238 | 1,172 | |
| Cash and cash equivalents | 1,220 | 516 | 447 | |
| Total current assets | 2,983 | 4,819 | 3,403 | |
| Total assets | 4,048 | 5,170 | 4,611 | |
| Liabilities | ||||
| Current liabilities | ||||
| Trade and other payables | 444 | 477 | 455 | |
| Total current liabilities | 444 | 477 | 455 | |
| Finance lease liabilities | 6 | 165 | 310 | 310 |
| Total non-current liabilities | 165 | 310 | 310 | |
| Total liabilities | 609 | 787 | 765 | |
| Net assets | 3,439 | 4,383 | 3,846 | |
| Shareholders’ Equity | ||||
| Share capital | 9 | 319 | 319 | 319 |
| Capital redemption reserve | 598 | 598 | 598 | |
| Retained earnings | 2,522 | 3,466 | 2,929 | |
| Total shareholders' equity | 3,439 | 4,383 | 3,846 | |
| Total equity | 3,439 | 4,383 | 3,846 | |
The notes on pages 13 to 16 form an integral part of this consolidated interim financial information.
These financial statements were approved by the board on 16 September 2026.
Signed on behalf of the board by:
Duncan Soukup
Interim Condensed Consolidated Statement of Cash Flows
For the six months ended 30 June 2026
| As at | As at | As at | |
|---|---|---|---|
| 30 Jun 26 | 30 Jun 25 | 31 Dec 25 | |
| Unaudited | Unaudited | Audited | |
| £'000 | £'000 | £'000 | |
| Cash flows from operating activities | |||
| Profit/(Loss) for the year before taxation | (407) | (264) | (801) |
| Loss from change in fair value of investment properties | - | - | 191 |
| Finance costs | 7 | 44 | 19 |
| Disposals | (13) | - | - |
| (Profit)/Loss on disposal of investment properties | 145 | - | - |
| Decrease/(Increase) in trade and other receivables | 8 | (29) | 185 |
| (Decrease)/Increase in trade and other payables | (1) | (10) | (31) |
| Gain/(loss) on foreign exchange | - | (44) | - |
| Lease liability interest | (10) | (11) | (22) |
| Depreciation | 1 | 2 | 3 |
| Fair value movement on portfolio investments | 59 | (33) | 33 |
| Share of losses/(profits) of associated entities | - | - | 17 |
| (Profit)/Loss from change in fair value of investments held for sale | (25) | (12) | (9) |
| Cash generated by operations | (236) | (357) | (415) |
| Taxation | - | - | - |
| Net cash flow from operating activities | (236) | (357) | (415) |
| Net (purchase)/sale of portfolio investments | (21) | 12 | 9 |
| Net Proceeds from sale of investment properties | 1,027 | - | - |
| Net cash flow in investing activities | 1,006 | 12 | 9 |
| Cash flows from financing activities | |||
| Interest received | 3 | 11 | - |
| (Increase)/reduction on head lease liabilities | - | - | 3 |
| Net cash flow from financing activities | 3 | 11 | 3 |
| Net increase in cash and cash equivalents | 773 | (334) | (403) |
| Cash and cash equivalents at the start of the year | 447 | 850 | 850 |
| Cash and cash equivalents at the end of the year | 1,220 | 516 | 447 |
The notes on pages 13 to 16 form an integral part of this consolidated interim financial information.
Interim Condensed Consolidated Statement of Changes in Equity
For the six months ended 30 June 2026
Capital
| Share | redemption | Retained | ||
|---|---|---|---|---|
| Capital | reserve | Earnings | Total | |
| £'000 | £'000 | £'000 | £'000 | |
| Balance as at 31 December 2024 | 319 | 598 | 3,730 | 4,647 |
| Total comprehensive income for the year | - | - | (264) | (264) |
| Balance as at 30 June 2025 | 319 | 598 | 3,466 | 4,383 |
| Total comprehensive income for the year | - | - | (537) | (537) |
| Balance as at 31 December 2025 | 319 | 598 | 2,929 | 3,846 |
| Total comprehensive income for the year | - | - | (407) | (407) |
| Balance as at 30 June 2026 | 319 | 598 | 2,522 | 3,439 |
The notes on pages 13 to 16 form an integral part of this consolidated interim financial information.
Notes to the Interim Condensed Consolidated Financial Information
General information
Alina Holdings PLC (“Alina” or the “Company”) is a company registered on the Main Market of the London Stock Exchange.
Significant Accounting policies
The Group prepares its accounts in accordance with applicable UK Adopted International Accounting Standards (IFRSs).
The accounting policies applied by the Company in this unaudited consolidated interim financial information are the same as those applied by the Company in its consolidated financial statements as at and for the period ended 31 December 2025 except as detailed below.
The financial information has been prepared under the historical cost convention, as modified by the accounting standard for financial instruments at fair value.
Estimates
There are no changes to the estimates since last reporting period.
Segmental reporting
IFRS 8 requires operating segments to be identified on the basis of internal reports that are regularly reported to the chief operating decision maker to allocate resources to the segments and to assess their performance. The Group’s reportable segments under IFRS 8 are: a portfolio of UK property; and other investment assets, which are reported to the Board of directors on a quarterly basis. The Board of directors is considered to be the chief operating decision maker.
2.1. Basis of preparation
The condensed consolidated interim financial information for the six months ended 30 June 2026 has been prepared in accordance with International Accounting Standard No. 34, ‘Interim Financial Reporting’. They do not include all of the information required for full annual financial statements and should be read in conjunction with the consolidated financial statements of the Company as at and for the year ended 31 December 2025. Prior year comparatives have been reclassified to conform to current year presentation.
These condensed interim financial statements for the six months ended 30 June 2026 and 30 June 2025 are unaudited and do not constitute full accounts. The comparative figures for the period ended 31 December 2025 are extracted from the 2025 audited financial statements. The independent auditor’s report on the 2025 financial statements was not qualified.
2.2. Going concern
The financial information has been prepared on the going concern basis as management consider that the Group has sufficient cash to fund its current commitments for the foreseeable future.
Earnings per share
| Six months | Six months | Year |
| ended | ended | ended |
| 30 Jun 26 | 30 Jun 25 | 31 Dec 25 |
| Unaudited | Unaudited | Audited |
The calculation of earnings per share is based on the following loss and number of shares:
| Profit/(loss) for the period (£'000) | (407) | (264) | (801) |
| Weighted average number of shares of the Company ('000) | 22,697 | 22,697 | 22,697 |
| Earnings per share: | |||
| Basic and Diluted (GBP - pence) | (1.79) | (1.16) | (3.53) |
| Number of shares outstanding at the period end: | 22,697,397 | 22,697,397 | 22,697,397 |
| 4. Investment Properties | |||
| Leasehold | Investment | ||
| Investment | Properties | ||
| Properties | Held for sale | Total | |
| £000 | £000 | £000 | |
| At 31 December 2024 | 317 | 2,238 | 2,555 |
| Depreciation - head leases | (2) | - | (2) |
| At 30 June 2025 | 315 | 2,238 | 2,553 |
| Depreciation - head leases | (1) | - | (1) |
| Fair value adjustment - property | - | (191) | (191) |
| Reclassification of property held for sale | 875 | (875) | - |
| At 31 December 2025 | 1,189 | 1,172 | 2,361 |
| Depreciation - head leases | (2) | - | (2) |
| Sale of property | (141) | (1,172) | (1,313) |
| At 30 June 2026 | 1,046 | - | 1,046 |
| As at | As at | As at | |
| 30 Jun 26 | 30 Jun 25 | 31 Dec 25 | |
| Unaudited | Unaudited | Audited | |
| £000 | £000 | £000 | |
| Portfolio valuation | 875 | 2,238 | 2,047 |
| Head leases treated as investment properties per IFRS 16 | 171 | 315 | 314 |
| Total property portfolio | 1,046 | 2,362 | 2,361 |
| Investment properties held for sale | - | (2,238) | (1,172) |
| Investment properties held for development and ongoing rental | 1,046 | 315 | 1,189 |
Investment Holdings
The Group classifies the following financial assets at fair value through profit or loss (FVPL):
Equity investments that are held for trading
| As at | As at | As at | |
|---|---|---|---|
| 30 Jun 26 | 30 Jun 25 | 31 Dec 25 | |
| Unaudited | Unaudited | Audited | |
| £000 | £000 | £000 | |
| Securities investments | |||
| At the beginning of the period | 1,617 | - | - |
| Additions | 177 | 11 | 11 |
| Reclassification of associate | - | 1,650 | 1,650 |
| Unrealised gain/(losses) | (34) | 42 | (24) |
| Disposals | (156) | (20) | (20) |
| 1,604 | 1,683 | 1,617 | |
The reclassification is from investment in associates, as referred to in the “Miscellaneous” section of the Chairman’s Report.
Investments have been valued incorporating Level 1 inputs in accordance with IFRS7. They are a combination of cash and securities held with the listed broker.
Financial instruments require classification of fair value as determined by reference to the source of inputs used to derive the fair value. This classification uses the following three-level hierarchy:
Level 1 — quoted prices (unadjusted) in active markets for identical assets or liabilities;
Lease liabilities
| Finance lease liabilities on head rents are payable as follows: | Minimum | ||
|---|---|---|---|
| Lease | |||
| Payment | Interest | Principal | |
| £000 | £000 | £000 | |
| At 30 June 2025 | 2,868 | (2,536) | 332 |
| Movement in value | (12) | 11 | (1) |
| At 31 December 2025 | 2,856 | (2,525) | 331 |
| Movement in value | (10) | 10 | - |
| Sale of property - lease disposal | (716) | 562 | (154) |
| At 30 June 2026 | 2,130 | (1,953) | 177 |
| Short term liabilities | 22 | - | 22 |
| Long term liabilities | 2,846 | (2,536) | 310 |
| At 30 June 2025 | 2,868 | (2,536) | 332 |
| Short term liabilities | 22 | - | 22 |
| Long term liabilities | 2,834 | (2,525) | 309 |
| At 31 December 2025 | 2,856 | (2,525) | 331 |
| Short term liabilities | 12 | - | 12 |
| Long term liabilities | 2,118 | (1,953) | 165 |
| At 30 June 2026 | 2,130 | (1,953) | 177 |
In the above table, interest represents the difference between the carrying amount and the contractual liability/cash flow. All leases expire in more than five years.
Taxation
The tax charge for the period under review was nil (1H 2025: nil). The Group has substantial carried forward trading losses and capital losses available. Accordingly, no provision for corporation tax has been made in these accounts.
It is not anticipated that sufficient profits from the residual business will be generated in the foreseeable future to utilise the losses carried forward, therefore no asset for unrelieved tax losses has been recognised in these accounts. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Related party balances and transactions
As at the period end the Group owed £Nil (December 2025: £126, June 2025: £47,456) to Thalassa Holdings Limited (“Thalassa”), a company under common directorship. The balance relates to administration fees, accounting and registered office services supplied to the Group by Thalassa at cost. The total amount is treated as an unsecured, interest free loan made repayable on demand. During the period services amounting to £40,692 (December 2025: £102,128, June 2025: £54,697) were charged from Thalassa.
During the period the Group accrued £48,540 (December 2025: £114,013 plus £24,924 expenses, June 2025: £58,869 and £10,867 expenses) for consultancy and administrative services provided to the Group by a company, Fleur De Lys, in which the Chairman has a beneficial interest and £15,375 expenses. The balance owed by the Group at the period end date was £170,744 including expenses (December 2025: £106,830, June 2025: £37,629).
Athenium Consultancy Ltd, a company in which the Group owns shares invoiced the group for financial and corporate administration services totalling £70,350 for the period and £4,246 expenses (December 2025: £171,300 and £7,504 expenses, June 2025: £90,750).
At the end of 2024 Company participated in a placing undertaken by a related party, Thalassa Holdings Ltd, which resulted in the Company acquiring 6,600,000 new ordinary shares in Thalassa Holdings Ltd together with 660,000 warrants. The shares were admitted to trading on 10 January 2025. The Company is also permitted to make a further subscription of up to £3,000,000 for new ordinary shares in Thalassa Holdings Ltd following any sale of its property assets, at the sole discretion of the Company.
Share capital
| As at | As at | As at | |
|---|---|---|---|
| 30 Jun 26 | 30 Jun 25 | 31 Dec 25 | |
| Unaudited | Unaudited | Audited | |
| £ | £ | £ | |
| Allotted, issued and fully paid: | |||
| 22,697,397 ordinary shares of £0.01 each | 226,970 | 226,970 | 226,970 |
| 9,164,017 treasury shares of £0.01 each | 91,640 | 91,640 | 91,640 |
| Total Share Capital | 318,610 | 318,610 | 318,610 |
Investment in Own Shares
At the year-end, 9,164,017 shares were held in treasury (June 2025: 9,164,017), and at the date of this report 9,164,017 were held in treasury.
Subsequent events
There were no subsequent events, however, the Board is considering seeking shareholder approval for an authority to allot further shares and waiver of pre-emption rights (but to include subscription rights) to enable the board to undertake any opportunity that the Board is able to crystalise, as per the Chairman’s statement. The Board will apprise the market in due course in the event a final decision is reached to call a General Meeting to pass the associated resolutions.
Copies of the Interim Report
The interim report is available on the Company’s website: www.alina-holdings.com.
The issuer is solely responsible for the content of this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.