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2025 Interim Results

In brief · summary, not quotable

H1 2025 loss widened to £280k from £110k; book value per share fell to 2.07p; cash declined to £378k.

  • Loss before tax £(279)k (prior £(108)k)
  • Book value per share 2.07p (prior 2.25p)
  • Cash and equivalents £378k (prior £901k)
  • Total income £56k (prior £72k)
  • Administrative expenses £218k (prior £85k)
  • Earnings per share (0.18)p (prior (0.07)p)
Full announcement

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29-Sep-2025 / 07:30 GMT/BST

Anemoi International Ltd

Anemoi International Ltd

(Reuters: AMOI.L, Bloomberg: AMOI:LN)

("Anemoi" or the "Company")

Interim Results for the period ended 30 June 2025

The Company is pleased to announce its results for the six months ended 30 June 2025. The interim results have been submitted to the FCA and will shortly be available on the Company’s website: www.anemoi-international.com

Chairman’s Statement

What has happened in the KYC/AML market year to date 2025

In 2025, the KYC/AML market has seen significant developments driven by regulatory focus, technological advancements, and expanding enforcement. Key trends include:

Regulatory Shifts and Enforcement:

Regulators globally are emphasizing higher transparency, real-time monitoring, and risk-based frameworks to prioritize high-risk transactions and customers.

Enhanced guidance from bodies like FATF stresses national risk assessments, beneficial ownership transparency, and stronger oversight of virtual assets and DeFi.

Enforcement actions have surged, with banks facing over $3.5 billion in AML fines so far this year, and growing scrutiny on cryptocurrency exchanges, fintech, and gambling sectors.

Jurisdictions like the UK have implemented robust sanctions enforcement and mandatory disclosure reforms for overseas entities and trusts, increasing compliance demands.

Technology Adoption and Automation:

AI, machine learning, and blockchain are increasingly integrated for identity verification, transaction monitoring, and suspicious activity detection.

Over 70% of KYC onboarding now utilizes automated biometric identification and digital verification, offering faster, data-driven compliance.

RegTech solutions are projected to exceed a $22 billion market size in 2025, aiding financial institutions in sanction screening, enhanced due diligence, and regulatory reporting.

Market Dynamics and Challenges:

The need to modernize legacy systems and address synthetic identity fraud remains a challenge.

Financial institutions are expanding budgets for AML compliance but face uncertainties in meeting evolving regulatory expectations.

There is growing alignment across jurisdictions for beneficial ownership data sharing and cooperation to combat cross-border financial crime.

Overall, 2025 is marked by a global pivot to smarter, technology-enabled KYC/AML compliance amid tougher regulatory scrutiny and increasing penalties for non-compliance.

Unfortunately, id4 has so far failed to capitalize on the opportunity presented by the continued growth in the KYC/AML Market mentioned above, such that the Company is pivoting to an outsource sales strategy.

In parallel, the Board has also invited Richard Emanuel to the Board as Executive Chairman. Richard and I have already struck up a good working relationship, which I hope will result in positioning the Company for Growth. As previously announced, we have introduced a Crypto Treasury Management Strategy and already reaped positive returns from our holdings. Although I would point out that unlike many other companies that have gone down this road, our primary focus is to grow our core business and expand through acquisition, as possible.

Given the Company’s results, I have again decided to waive my consultancy fee.

Duncan Soukup

Chairman

Anemoi International Ltd

Financial Review

During the period under review Book Value per share decreased from 2.25p as at 31 December 2024 to £2.07p per share at 30 June 2025, driven by ongoing operating losses in ID4 AG, partially offset by investment returns of £18k.

The Group Operating Loss before depreciation for the period increased from £(22)k in H1 2024 to £(185)k in H1 2025. 2024 results were positively impacted by the Chairman’s Fee waiver for the proceeding reporting periods and in 2025 the Chairman again waived fees.

The Group Loss Before Tax for the period also increased from £(108)k in H1 2024 to £(279)k in H1 2025.

Total Income decreased from £72k in H1 2024 to £56k in H1 2025. The decline in Software services’ income was partially offset by positive contribution from financial holdings and increased interest income.

Total Administrative Expenses increased from £85k in H1 2024 to £218k in H1 2025. £23k of other savings were identified in the current period vs the comparative period across other Administrative Expenses categories, including IT (accounting software savings), rent/office expenses and professional fees.

Development Costs capitalised to Intangible Assets were reduced from £78k in H1 2024 to Nil in H1 2025 helping to preserve cash.

Duncan Soukup

Chairman

Anemoi International Ltd

RISKS AND UNCERTAINTIES

A summary of the key risks and mitigation strategies is below:

RankRiskMitigation
1.Recent geopolitical tensions and shifts in trade policy, particularly between major economies, have increased uncertainty around global trade flows. Changes in trade policies, including the imposition of tariffs or trade restrictions between major economies, can influence market volatility, affect corporate earnings, and shift global capital flows. These developments may lead to reduced investment returns or increased risk across certain asset classes or geographies. Also, capital markets activity and raising new money are effected.Portfolio Diversification: Our investment strategy emphasizes diversification across sectors, asset classes, and geographies Engagement with Portfolio Companies: Where applicable, we engage with the management of key portfolio companies to assess their exposure to tariffs and their mitigation plans Dynamic Asset Allocation: Retain the flexibility to adjust exposures in response to material trade-related risks, including reweighting positions in sectors or regions disproportionately affected by tariff changes.
2.Insufficient cash resources to meet liabilities, continue as a going concern and finance key projects.Short term and annual business plans are prepared and are reviewed on an ongoing basis.
3.Loss of key management/staff resulting in failure to identify and secure potential investment opportunities and meet contractual requirements.Regular review of both the Board’s and key management’s abilities. Review of salaries and benefits including long term incentives and ongoing communication with key individuals.
4.Failure to maintain strong and effective relations with key stakeholders in investments resulting in loss of contracts or value.The Board and senior management seek to establish and maintain an open and transparent dialogue with key stakeholders.
5.Failure to comply with law and regulations in the jurisdictions in which we operate.Key management are professionally qualified. In addition the Company appoints relevant professional advisers (legal, tax, accounting etc) in the jurisdictions in which we operate.
6.Significant changes in the political environment, including the impact of the conflict in Ukraine and Gaza, results in loss of resources/market and/or business failure.The Group is currently poised to take advantage of disruption to the global economy with a low cost base and flexibility to scale up as and when the economy recovers. Increased focus on compliance within the financial investment world will benefit the company long term.
7.The adoption by the Company of a crypto treasury management strategy indirectly exposes shareholders to the high-risk nature of crypto assets, such as volatility in value, potential fraudulent activity and the failings of service providers.The Company will adopt a conservative and carefully controlled crypto treasury management framework. Exposure levels will be limited to a prudent proportion of total treasury assets, with regular rebalancing to manage volatility. Reputable, regulated service providers will be engaged following thorough due diligence, with custody arrangements structured to reduce counterparty risk. Independent oversight, robust internal controls, and periodic audits will be implemented to safeguard against fraud and operational failures.

Disclaimer: Crypto assets are not currently regulated by the Financial Conduct Authority (FCA) and involve a high degree of risk, including significant volatility and potential loss. Nothing herein constitutes investment advice, a financial promotion, or an offer to buy or sell any crypto assets. Shareholders and prospective investors should exercise caution and seek appropriate independent advice.

Interim Condensed Consolidated Statement of Income

For the six months ended 30 June 2025

6 Months to6 Months toYear Ended
Jun 2025Jun 2024Dec 2024
GBPGBPGBP
NoteUnauditedUnauditedAudited
Software services income37,85946,26597,080
Net gains/(losses) on investments at fair value13,7957,597(35,628)
Investment interest income4,63518,50431,214
Total Income56,28972,36692,666
Software services expenses(17,801)(5,865)(68,741)
Financial holdings expenses(5,735)(3,113)(11,354)
Total Cost of Sales(23,536)(8,978)(80,095)
Gross profit32,75363,38812,571
Total administrative expenses(217,720)(85,467)(318,034)
Operating loss before depreciation(184,967)(22,079)(305,463)
Depreciation and Amortisation5(94,519)(83,196)(171,601)
Operating loss(279,486)(105,275)(477,064)
Net financial income/(expense)-(2,873)(2,873)
Share of profits of associated entities--19,377
Profit/(loss) before taxation(279,486)(108,148)(460,560)
Taxation(913)(1,676)(1,678)
Profit/(loss) for the period(280,399)(109,824)(462,238)

Earnings per share - pence (using weighted average number of shares)

6 Months to6 Months toYear Ended
Jun 2025Jun 2024Dec 2024
GBPGBPGBP
Basic and Diluted(0.18)(0.07)(0.29)
Basic and Diluted4(0.18)(0.07)(0.29)
Interim Condensed Consolidated Statement of
Comprehensive Income
For the six months ended 30 June 2025
6 Months to6 Months toYear Ended
Jun 2025Jun 2024Dec 2024
GBPGBPGBP
UnauditedUnauditedAudited
Loss for the financial year(280,399)(109,824)(462,238)
Other comprehensive income:
Exchange differences on re-translating foreign operations(13,303)(93,399)(81,144)
Total comprehensive income(293,702)(203,223)(543,382)
Attributable to:
Equity shareholders of the parent(293,702)(203,223)(543,382)
Total Comprehensive income(293,702)(203,223)(543,382)
Interim Condensed Consolidated Statement of
Financial Position
As at 30 June 2025
As atAs atAs at
Jun 2025Jun 2024Dec 2024
GBPGBPGBP
NoteUnauditedUnauditedAudited
Assets
Non-current assets
Goodwill51,462,7741,462,7741,462,774
Intangible assets51,246,9391,349,7031,283,259
Property, plant and equipment55,51010,47210,346
Investment in associated entities36,26716,89036,267
Total non-current assets2,751,4902,839,8392,792,646
Current assets
Trade and other receivables100,49092,632107,744
Investments at fair value through profit or loss6234,79748,313-
Cash and cash equivalents377,5991,146,741900,756
Total current assets712,8861,287,6861,008,500
Liabilities
Current liabilities
Trade and other payables220,867250,155263,935
Total current liabilities220,867250,155263,935
Net current assets492,0191,037,531744,565
Net assets3,243,5093,877,3703,537,211
Shareholders’ Equity
Share capital7117,750117,750117,750
Share premium5,773,0315,773,0315,773,031
Preference shares246,096246,096246,096
Other Reserves70,07070,07070,070
Foreign exchange reserve299,648300,696312,951
Retained earnings(3,263,086)(2,630,273)(2,982,687)
Total shareholders' equity3,243,5093,877,3703,537,211
Total equity3,243,5093,877,3703,537,211

These financial statements were approved by the board 26 September 2025.

Signed on behalf of the board by:

Duncan Soukup

Interim Condensed Consolidated Statement of Cash Flows

For the six months ended 30 June 2025

6 Months to6 Months toYear ended
Jun 2025Jun 2024Dec 2024
GBPGBPGBP
NotesUnauditedUnauditedAudited
Cash flows from operating activities
Profit/(Loss) for the period before financing(279,486)(105,275)(477,064)
(Increase)/decrease in trade and other receivables7,254283,474268,362
(Decrease)/increase in trade and other payables(43,068)(566,331)(552,551)
Finance costs(5,382)(18,504)-
Net exchange differences(53,362)84,86080,901
(Profit)/Loss from change in fair value of investments held at fair value through profit or loss(8,983)(31,958)-
Fair value movement on portfolio investments(4,066)24,36135,628
Depreciation and amortisation594,51983,196171,601
Cash generated by operations(292,574)(246,177)(473,123)
Taxation(913)(1,676)(1,678)
Net cash flow from operating activities(293,487)(247,853)(474,801)
Cash flows from investing activities
Net (purchase)/sale of portfolio holdings(221,749)(40,716)(35,628)
Sale/(Purchase) of intangible assets5-(77,969)(95,844)
Net cash flow in investing activities(221,749)(118,685)(131,472)
Cash flows from financing activities
Interest paid-(2,873)(2,874)
Interest received5,38218,504-
Net cash flow from financing activities5,38215,631(2,874)
Net increase in cash and cash equivalents(509,854)(350,907)(609,147)
Cash and cash equivalents at the start of the period900,7561,591,0471,591,047
Effects of foreign exchange rate changes(13,303)(93,399)(81,144)
Cash and cash equivalents at the end of the period377,5991,146,741900,756
Interim Condensed Consolidated Statement of Changes in Equity
For the six months ended 30 June 2025
ShareSharePreferenceOtherForeign ExchangeRetainedTotal Shareholders
CapitalPremiumSharesReservesReservesEarningsEquity
£££££££
Balance as at 31 December 2023117,7505,773,031246,09670,070394,095(2,520,449)4,080,593
Foreign Exchange on translation----(93,399)-(93,399)
Total comprehensive income for the period-----(109,824)(109,824)
Balance as at 30 June 2024117,7505,773,031246,09670,070300,696(2,630,273)3,877,370
Foreign Exchange on translation----12,255-12,255
Total comprehensive income for the period-----(352,414)(352,414)
Balance as at 31 December 2024117,7505,773,031246,09670,070312,951(2,982,687)3,537,211
Foreign Exchange on translation----(13,303)-(13,303)
Total comprehensive income for the period-----(280,399)(280,399)
Balance as at 30 June 2025117,7505,773,031246,09670,070299,648(3,263,086)3,243,509

Notes to the Condensed Financial Information

General information

Anemoi International Ltd (the “Company”) is a British Virgin Island (“BVI”) International business company (“IBC”), incorporated and registered in the BVI on 6 May 2020. The Company is a holding company actively seeking investment opportunities.

2 Significant Accounting policies

The Group prepares its accounts in accordance with applicable UK Adopted International Accounting Standards “IFRS”.

The financial statements are expressed in GBP.

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 31 December 2024.

Basis of preparation

These condensed interim financial statements for the six months ended 30 June 2025 are unaudited and do not constitute full accounts. The independent auditor’s report on the 2024 financial statements was not qualified.

Going concern

The financial information has been prepared on the going concern basis as management consider that the Company has sufficient cash to fund its current commitments for the foreseeable future.

Notes to the Condensed Financial Information Continued

Net Financial Expense

Six monthsSix monthsYear
endedendedended
30 Jun 2530 Jun 2431 Dec 24
UnauditedUnauditedAudited
£££
Other interest expense-1,6711,671
Bank interest expense-1,2021,202
-2,8732,873
Earnings per share
Six monthsSix monthsYear
endedendedended
30 Jun 2530 Jun 2431 Dec 24
UnauditedUnauditedAudited
£££

The calculation of earnings per share is based on the following loss attributable to ordinary shareholders and number of shares:

Loss for the period(280,399)(109,824)(462,238)
Weighted average number of shares of the Company157,041,665157,041,665157,041,665
Earnings per share:
Basic and Diluted (pence)(0.18)(0.07)(0.29)
Number of shares outstanding at the period end:157,041,665157,041,665157,041,665
Number of shares in issue
Opening Balance157,041,665157,041,665157,041,665
Issuance of Share Capital---
Basic number of shares in issue157,041,665157,041,665157,041,665
Notes to the Condensed Financial Information Continued
Non-current assets
Plant
Intangibleand
TotalGoodwillAssetsEquipment
CostGBPGBPGBPGBP
Cost at 1 January 20253,181,3381,462,7741,704,78613,778
FX movement74,596-74,036560
3,255,9341,462,7741,778,82214,338
Additions----
Cost at 30 June 20253,255,9341,462,7741,778,82214,338
Depreciation/Amortisation
Depreciation/Amortisation at 1 January 2025424,959-421,5273,432
FX movement18,440-18,306134
443,399-439,8333,566
Charge for the period on continuing operations94,519-89,4055,114
FX movement2,793-2,645148
Depreciation/Amortisation at 30 June 2025540,711-531,8838,828
Closing net book value at 30 June 20252,715,2231,462,7741,246,9395,510

For impairment testing purposes, management considers the operations of the Company to represent a two cash generating units (CGUs), one providing software and digital solutions to the financial services industry, and the rest of the business.

Securities

The Company classifies the following financial assets at fair value through profit or loss (FVPL):-

Equity investments that are held for trading.

As atAs atAs at
30 Jun 2530 Jun 2431 Dec 24
UnauditedUnauditedAudited
GBPGBPGBP
Securities
At the beginning of the period---
Additions241,464123,568141,883
Unrealised gain/(losses)13,0497,596(35,628)
Disposals(19,716)(82,851)(106,255)
At period close234,79748,313-

Investments have been valued incorporating Level 1 inputs in accordance with IFRS7.

Notes to the Condensed Financial Information Continued

Share Capital

As atAs atAs at
30 Jun 2530 Jun 2431 Dec 24
UnauditedUnauditedAudited
£££
Authorised share capital:
Unlimited ordinary shares of $0.001 each---
Fully subscribed shares117,750117,750117,750
NumberNumberNumber
of sharesof sharesof shares
Fully subscribed shares157,041,665157,041,665157,041,665
Balance at close of period157,041,665157,041,665157,041,665

Under the Company’s articles of association, the Board is authorised to offer, allot, grant options over or otherwise dispose of any unissued shares. Furthermore, the Directors are authorised to purchase, redeem or otherwise acquire any of the Company’s own shares for such consideration as they consider fit, and either cancel or hold such shares as treasury shares. The directors may dispose of any shares held as treasury shares on such terms and conditions as they may from time to time determine. Further, the Company may redeem its own shares for such amount, at such times and on such notice as the directors may determine, provided that any such redemption is pro rata to each shareholders’ then percentage holding in the Company.

On the 14th April 2021, a total of 5,999,999 new DIs (the "Placing DIs") were placed by at a price of £0.04 per Placing DIs (the "Placing") with existing and new investors ("Placees") raising gross proceeds of approximately £240,000. The Placing DIs represent Ordinary Shares representing 20 per cent. of the Ordinary Share capital of the Company prior to the Placing.

On the 16th August 2021 the Board announced that the par value of its issued and outstanding ordinary shares of no par value had changed to US$0.001 per Ordinary Share. The total number of issued shares with voting rights remained unchanged at 35,999,999 Ordinary Shares. Aside from the change in nominal value, the rights attaching to the Ordinary Shares (including all voting and dividend rights and rights on a return of capital) remained unchanged.

On the 17th December 2021, following the acquisition of id4 AG, 66,666,666 New Ordinary Shares of $0.001 were issued to the shareholders of id4 in settlement of consideration for the acquisition and the Company was readmitted to trading on the London Stock Exchange.

On the 17th December 2021, alongside the acquisition of id4 AG, 54,375,000 New Ordinary Shares of $0.001 were issued in a further placing with existing and new investors, raising a total of £2,175,000.

Notes to the Condensed Financial Information Continued

Related Party Transactions

Thalassa Holdings Ltd, which holds shares in the Company is related by common control through the Chairman, Duncan Soukup. Thalassa Holdings Ltd invoiced the Company for administration costs totalling £10,359 (June 2024: £18,364, Dec 2024: £39,036). At the period end the balance owed to Thalassa Group totalled £Nil (June 2024: £13,074, Dec 2024: £12,880).

Consultancy and administrative services were accrued on behalf of a company, Fleur De Lys, in which the Chairman has a beneficial interest. The Company accrued £44,274 of fees and £4,347 expenses in the period which relate to H1 2025 of which £44,274 were waived (Accrued Fees: Jun 2024: waived £192,710 related to 2024 and prior years, Dec 2024: waived £241,045 related to 2024 and prior years).

Athenium Consultancy Ltd, a company in which the Company owns shares invoiced the Company for financial and corporate administration services totalling £82,500 for the period plus £3,553 expenses (Jun 2024: £82,500, Dec 2024: £165,000).

During the period Tim Donell, non-executive director, invoiced the Group 2025 fees of £2,500 of which £Nil was owed as at 30 June 2025 (2024: £2,500) and £2,500 accrued.

During the period Kenneth Morgan, non-executive director, invoiced the Group 2024 fees £8,059 of which £Nil was owed as at 30 June 2025 (2024: £Nil) and £4,167 accrued.

During the period Luca Tomasi, non-executive director, invoiced the Group 2024 & 2025 fees of £10,000 of which £Nil was owed as at 30 June 2025 (2024: £Nil) and £5,000 accrued.

During the period Alexander Joost, director of id4, invoiced the Group 2025 fees of £Nil of which £Nil was owed as at 30 June 2025 (2024: £Nil) and £2,756 accrued.

Subsequent events

On 16 April 2025 the Company’s articles of association were amended to disapply section 175 of the BVI Business Companies Act 2004.

On 5 June 2025 the Board resolved to adopt a crypto treasury management strategy

On 4 July 2025 Richard Emanuel was appointed as a director of the Company

On 22 July 2025 Richard Emanuel was issued 65,000,000 ‘D’ Warrants and Duncan Soukup 40,000,000 ‘E’ Warrants, both warrant classes having exercise conditions relating to the Company’s share price performance.

Copies of the Interim Report

The interim report is available on the Company’s website: www.anemoi-international.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.

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