Satsuma Technology PLC

SATS · Main Market · Consumer Products and Services · mcap £24m · 0.2p

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Financials · LTM to 28 Feb 26

Source: results 17 Sep 26 ↗

Revenue: £11k
Operating profit: −£11.2m
Net income: −£26.3m
Free cash flow: −£36.2m
Net cash: £8.8m
Market cap: £23.5m
EV / EBIT: –
FCF yield: −154.0%
Price / book: –

Latest half-year · H1 Aug 25 vs H1 Aug 24 results 28 Nov 25 ↗

Revenue: £10k
Operating profit: −£10.9m
Net income: −£25.9m
Cash from operations: −£1.9m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: FY Feb 26 (twelve months to 28 Feb 26), published 17 Sep 26 · read the results ↗

Source ↗


Non-Current Assets
Intangible assets	30,832	45	255	45
Investments	1,413	250	1,413	250
Investments in subsidiary	-	-	31,806	-
Total Non-Current Assets	32,245	295	33,474	295
Current Assets
Trade and other receivables	150	25	150	25
Cash and cash equivalents	8,775	31	6,848	31
Total Current Assets	8,925	56	6,998	56
Total Assets	41,170	351	40,472	351
Current Liabilities
Trade and other payables	1,135	464	14,119	464
Restructuring Provision	1,457	-	757	-
Total Current Liabilities	2,592	464	14,876	464
Total Liabilities	2,592	464	14,876	464
Net Assets/(Liabilities)	38,578	(113)	25,596	(113)
Equity attributable to owners of the Parent
Share capital	11,204	454	11,204	454
Share premium	86,105	4,880	86,105	4,880
Warrant reserve	15,051	743	15,051	743
Revaluation reserve	-	45	-	45
Foreign currency translation reserve	98	-	-	-
Retained losses	(73,880)	(6,235)	(86,764)	(6,235)
Total Equity	38,578	(113)	25,596	(113)

Source ↗


Cash flows from operating activities
Loss before income tax	(76,914)	(707)
Adjustments for
Revenue received in intangible assets	(42)	-
Revaluations of intangible assets	-	45
Unrealised loss on intangible assets	25,881	-
Loss on disposal of intangible assets	6,763	-
Fair value gains on investments	(1,163)	-
Fair value loss on derivative liabilities	9,446	-
Loss on CLN settlements received in Bitcoin	2,142	-
Effective interest charge on convertible loan notes	21,212	-
Non-cash warrants expense	1,038	39
Impairment of social security and other taxation balance	895	-
Operating expenses settled through warrants	110	-
Unrealised foreign exchange losses	604	-
(Increase)/Decrease in trade and other receivables	(1,020)	30
Increase in trade and other payables	987	279
Increase in provisions	1,457	-
Net cash used in operating activities	(8,604)	(314)
Cash flows from investing activities
Purchase of intangible assets	(27,556)	(45)
Disposal proceeds from sale of intangible assets	59,025	-
Purchase of investments	-	(250)
Foreign exchange difference on disposal proceeds	(272)	-
Net cash generated from/(used in) investing activities	31,197	(295)
Cash flows from financing activities
Proceeds from issue of share capital	948	75
Proceeds from issue of convertible loan notes	64,903	-
Repayments of convertible loan notes	(77,971)	-
Convertible loan note transaction costs paid	(1,699)	-
Net cash (used in)/generated from financing activities	(13,820)	75
Net increase/(decrease) in cash and cash equivalents	8,773	(534)
Cash and cash equivalents at beginning of year	31	565
Effect of foreign exchange rate changes on cash and cash equivalents	(29)	-
Cash and cash equivalents at end of year	8,775	31

Source ↗

	Period ending 31 August 2025 £'000	Period ending 31 August 2024 £'000	Year ending 28 Feb 2025 £'000
Continuing Operations
Revenue	10	-	1
Cost of Sales	-	-	-
Gross Profit	10	-	1
Administrative expenses	(2,110)	(383)	(709)
Revaluation loss on cryptocurrencies	(8,822)	-	-
Operating loss	(10,922)	(383)	(708)
Finance Costs	(2,899)	-	-
Fair value loss on derivative financial instruments	(11,583)	-	-
Foreign Currency (loss)	(531)	-	-
Loss before taxation	(25,935)	(383)	(708)
Taxation on loss of ordinary activities	-	-	-
Loss for the period from continuing operations	(25,935)	(383)	(708)
Other comprehensive income	(24)	-	-
Total comprehensive loss for the period attributable to shareholders from continuing operations	(25,959)	(383)	(708)
Basic loss per share ( pence)	(5.49)	(0.10)	(0.18)
Diluted loss per share (pence)	(1.14)	(0.10)	(0.18)

Source ↗

	31 August 2025	31 August 2024	28 Feb 2025
Company No.	13279459	–	–
Unaudited Unaudited
NON-CURRENT ASSETS
Intangible assets	92,489	-	45
Investments	-	-	250
Investments - Held for Sale	250	-	-
TOTAL NON-CURRENT ASSETS	92,739	-	295
CURRENT ASSETS
Cash and cash equivalents	60,554	318	31
Trade and other receivables	143	32	25
TOTAL CURRENT ASSETS	60,697	350	56
TOTAL ASSETS	153,436	350	351
EQUITY
Share capital	528	379	454
Share Premium	6,020	4,880	4,880
Warrants Reserve	426	704	743
Revaluation Reserve	21	-	45
Other reserves	30	-	-
Convertible loan note reserve	7,852	-	-
Retained Earnings	(31,853)	(5,910)	(6,235)
TOTAL EQUITY	(16,976)	53	(113)
CURRENT LIABILITIES
Trade and other payables	2,707	297	464
Convertible Loan Note 1	4,876	-	-
Convertible Loan Note 2	151,246	-	-
TOTAL CURRENT LIABILITIES	158,829	297	464
NON-CURRENT LIABILITIES
CLN 1 - Seed Warrants Derivative Liability	10,313	-	-
Broker Warrants - Derivative Liability	1,270	-	-
TOTAL LIABILITIES	170,412	297	464
TOTAL EQUITY AND LIABILITIES	153,436	350	351

Source ↗

	Period ending 31 August 2025 £'000	Period ending 31 August 2024 £'000	Year ending 28 Feb 2025 £'000
Cash flows from operating activities
Loss for period	(25,959)	(383)	(707)
Adjustments for
Impairment	-	-	45
Revaluation loss on cryptocurrencies	8,846	-	-
Services settled by issue of warrants	266	-	39
Finance Costs (non-cash unwinding of CLN discount)	2,899	-	-
Fair value loss on derivative financial instruments	11,583	–	–
Changes in working capital
(Increase)/Decrease in trade and other receivables	(118)	23	30
Increase in trade and other payables	543	113	279
Net cash used in operating activities	(1,940)	(247)	(314)
Cash flows used in investing activities
Purchase of intangible assets	(4,500)	-	(45)
Investments	-	-	(250)
Net cash flows used in investing activities	(4,500)	-	(295)
Cash flows from financing activities
Share issue, net of issue costs	973	-	75
Cash proceeds from Issue of Convertible Loan Notes	66,035	-	-
Net cash flows generated from financing activities	67,008	25	-
Net increase/( decrease) in cash and cash equivalents	60,568	(247)	(534)
Cash and cash equivalents at beginning of the period	31	565	565
Foreign exchange impact on cash	(45)	-	-
Cash and cash equivalents at end of the period	60,554	318	31

	FY Feb 26	FY Feb 25
Revenue to operating profit
Revenue	–	0.0
Operating profit	–	(0.7)
Share-based payments	1.0	0.0
Operating profit to net income
Fair value gains / losses	1.2	–
Profit before tax	(76.9)	(0.7)
Net income (owners)	–	(0.7)
Per share
EPS basic	–	(0.2p)
EPS diluted	–	(0.2p)

	H2 Feb 26	H1 Aug 25	H2 Feb 25	H1 Aug 24
Revenue to operating profit
Revenue	–	0.0	0.0	0.0
Operating profit	–	(10.9)	(0.3)	(0.4)
Operating profit to net income
Finance costs	–	(2.9)	–	–
Profit before tax	(51.0)	(25.9)	(0.3)	(0.4)
Net income (owners)	–	(25.9)	(0.3)	(0.4)
Per share
EPS basic	–	(5.5p)	(0.1p)	(0.1p)
EPS diluted	–	(1.1p)	(0.1p)	(0.1p)

	FY Feb 26	FY Feb 25
Operating activities
Cash from operations	(8.6)	(0.3)
Investing activities
Capex (intangibles)	(27.6)	(0.0)
Financing activities
Shares issued	0.9	0.1

	H2 Feb 26	H1 Aug 25	H2 Feb 25	H1 Aug 24
Operating activities
Cash from operations	(6.7)	(1.9)	(0.1)	(0.2)
Investing activities
Capex (intangibles)	(23.1)	(4.5)	–	–
Financing activities
Shares issued	(0.0)	1.0	–	–

	28 Feb 26	28 Feb 25
Non-current assets
Other intangibles	–	0.0
Non-current assets	–	0.3
Current assets
Trade receivables	–	0.0
Cash	8.8	0.0
Current assets	–	0.1
Total assets	–	0.4
Current liabilities
Trade payables	–	0.5
Current liabilities	–	0.5
Non-current liabilities
Non-current liabilities	–	0.0
Total liabilities	–	0.5
Equity
Total equity	–	(0.1)

	28 Feb 26	31 Aug 25	28 Feb 25	31 Aug 24
Non-current assets
Other intangibles	–	92.5	0.0	–
Non-current assets	–	92.7	0.3	0.0
Current assets
Trade receivables	–	0.1	0.0	0.0
Cash	8.8	60.6	0.0	0.3
Current assets	–	60.7	0.1	0.3
Total assets	–	153.4	0.4	0.3
Current liabilities
Trade payables	–	2.7	0.5	0.3
Current liabilities	–	158.8	0.5	0.3
Non-current liabilities
Non-current liabilities	–	11.6	0.0	0.0
Total liabilities	–	170.4	0.5	0.3
Equity
Total equity	–	(17.0)	(0.1)	0.1

Read automatically from each results announcement. Check the source before relying on a figure.

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Company filings. Not investment advice.