Final Results
Mobile Streams plc reported audited results for the year ended 30 June 2025, showing a significant revenue increase to £1,412k from £436k in the prior year, driven by services for new Mexican sports betting and media operations. Despite this growth, the loss before tax widened to £2,330k from £947k due to increased investment. The company raised £3.9m primarily through warrant exercises, increasing its stakes in Estadio Gana to 25.87% and Capital Media Sports to 22.5%, with plans for a reverse takeover to achieve 100% ownership in both by Q1 2026. At year-end, cash stood at £1,550k, with £29k in bank debt. Further equity of £0.6m was raised post-year-end.
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The Company is pleased to announce the publication of its audited results for the year to 30 June 2025. The report and accounts are available on the Company's website and have been posted to Shareholders. The Chairman's statement is presented below.
Chairman's Statement
In the year to 30 June 2025 Mobile Streams made substantial progress in the transition of its business from the sale of legacy products to new product offerings especially the entry into the Mexican sports betting market and media market. The Group has been working closely with Estadio Gana Sapi de CV ("Estadio Gana"), Capital Media Sports Sapi de CV ("Capital Media Sports") and various experienced sports betting parties on the development of these new business lines in the run-up to the consumer launch of the on-line casino and sports book business which commenced in April 2025. This business is referred to as the BET business.
During the year the Group raised £3.9m principally via the exercise of Warrants, chiefly due to a significant rise in the company's share price across reporting period.
We deployed a portion of these raised funds to increase our equity position in Estadio Gana to 25.87% and to build our position in Capital Media Sports up to 22.5%.
As a result of the positive progress in the development of the BET business, the company announced on 31st March 2025 its intentions to execute a reverse take-over of the two Mexican businesses that house these sports betting and media businesses in order to consolidate its operations in this segment. This transaction would take the group's ownership stake in Estadio Gana up from 25.87% to 100% and its ownership stake in Capital Media Sports up from 22.5% to 100%. This transaction is now expected to complete in Q1 2026.
Group revenue for the year ended 30 June 2025 was £1,412k (2024: £436k) with the large increase reflecting the supply of marketing, development and intelligence services as part of the development of the new business operations in Mexico as certain milestones on the pathway to commercial launch were delivered to BET. The increased level of investment into this business led to a significant increase in operating expenses. As a result, the loss before tax increased to £2,330k (2024: £947k loss). Debtors at year end included an amount of £1.452m being amounts owed to MOS by BET in respect of services provided; this amount will be converted into equity at part of the RTO announced on 31 March 2025.
The Directors do not propose payment of a dividend (2024: £Nil). At 30 June 2025, the Group had a cash balance of £1,550k, with a bank debt (Bounce Back Loan) of £29k (2024: £235k cash, with bank debt of £36k).
Since 30 June 2025 the Group has raised a further £0.6m in equity via the exercise of Warrants. This provides the liquidity to continue the progression and growth of the business. In the 3-month period to 30th September 2025 the Group has incurred significant expenditure in the progression of due diligence in respect of prospective business activities and accordingly the cash available to the Group at 30th September 2025 amounted to £991k.
Looking ahead to 2026 the Board has put together a strategy that we believe is both exciting and achievable and therefore we are confident that, subject to the continuing development of the bet business, the level of trade in this new business segment will continue to build significantly.
The Directors have prepared a cashflow projection which includes the proceeds from the recent funding round and warrant exercise events which are expected to cover the Group's working capital requirements for the foreseeable future.
John Barker, Chairman
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