Update

In brief · summary, not quotable

S-Ventures audit completed; acquisition of SVEN trading assets by RGO progressing.

S-Ventures Turnover £19.7 million
S-Ventures Gross profit £9.4 million
S-Ventures EBITDA £(592,000)
S-Ventures Loss before taxation £(4,045,000)

Full announcement

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We are pleased that S-Ventures plc ("SVEN") has now completed the audit of its accounts for the 15 months to 31 December 2023 and that these accounts have now been published. Key highlights include:

Turnover for the period amounted to £19.7 million
Gross profit of £9.4 million was achieved.
EBITDA amounted to a loss of £592,000, which is a reduction compared to the previous period and also includes the impact of the restructuring at Pulsin.
The loss before taxation was £4,045,000 which includes significant financing costs as well as the Pulsin restructuring
Juvela has continued to perform well and has been successfully developing new products. Pulsin has been restructured over the period and during 2024 and is now well positioned to grow with the help of additional funding. Market Rocket continues to grow.

The completion of the audit was a key milestone in possible acquisition of 100% of the trading assets and liabilities of SVEN by RGO. Meanwhile, the other aspects of the transaction have continued to move forward whilst the audit of SVEN has been taking place and we look forward to updating the market further as the process progresses and timing becomes clearer.

Trading in our shares remains suspended on AIM.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.