Verici DX

VRCI · AIM · Health Care · mcap £5.1m · 0.2p

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Financials · LTM to 30 Jun 26

Source: results 30 Sep 26 ↗

Revenue: £2.6m
Operating profit: −£5.9m
Net income: −£5.9m
Free cash flow: −£6.6m
Net cash: £1.8m
Market cap: £8.9m
EV / EBIT: –
FCF yield: −74.4%
Price / book: 2.1×

Latest half-year · H1 26 vs H1 25 results 30 Sep 26 ↗

Revenue: £1.3m
Operating profit: −£3.0m
Net income: −£3.0m
Cash from operations: −£2.8m

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

As reported Key figures · multi-year

Income statement Balance sheet Cash flow

Latest interim Latest annual

Half-year Results, published 30 Sep 26 · read the announcement ↗

Consolidated condensed statement of profit or loss and other comprehensive income · for the six months ended 30 June 2026

	Six months to 30 June 2026 US$’000 Unaudited	Six months to 30 June 2025 US$’000 Unaudited	Year to 31 December 2025 US$’000 Audited
Revenue Cost of sales	(352)	3,664	(826)
_________ _________ _________
	1,274	1,561	2,838
Administrative expenses	(4,824)	(4,229)	(9,020)
Depreciation and amortisation	(297)	(300)	(568)
Share-based payments	(161)	(132)	(222)
_________ _________ _________
Loss from operations	(4,008)	(3,100)	(6,972)
Finance income	1	19	67
Finance expense	(23)	(9)	(17)
_________ _________ _________
Loss before tax	(4,030)	(3,090)	(6,922)
Tax expense	4	-	(11)
_________ _________ _________
Loss from continuing operations	(4,034)	(3,090)	(6,933)
Other comprehensive income
Exchange gains arising on translation of foreign operations	(32)	175	64
_________ _________ _________
Loss and total comprehensive income attributable to the owners of the Company	(4,066)	(2,915)	(6,869)

Consolidated statement of financial position · as at 30 June 2026

	30 June 2026 US$’000 Unaudited	30 June 2025 US$’000 Unaudited	31 December 2025 US$’000 Audited
Assets
Current assets
Trade and other receivables	2,626	1,282	1,964
Inventory	45	-	-
Cash and cash equivalents	2,402	467	3,343
_________ _________ _________
	5,073	1,749	5,307
_________ _________ _________
Non-current assets
Property, plant and equipment	963	652	484
Intangible assets	2,116	2,144	2,149
_________ _________ _________
	3,079	2,796	2,633
_________ _________ _________
Total assets	8,152	4,545	7,940
_________ _________ _________
Liabilities
Current liabilities
Trade and other payables	(1,664)	(1,781)	(1,238)
Lease liabilities	(138)	(142)	(109)
Non-current liabilities Lease liabilities	(634)	(140)	(88)
_________ _________ _________
NET ASSETS	5,716	2,482	6,505
_________ _________ _________
Issued capital and reserves attributable to
owners of the parent
Share capital	3,042	310	2,029
Share premium reserve	48,639	40,368	46,536
Share-based payments reserve	4,724	4,473	4,563
Foreign exchange reserve	(642)	(499)	(610)
Retained earnings	(50,047)	(42,170)	(46,013)
_________ _________ _________
TOTAL EQUITY	5,716	2,482	6,505

Consolidated statement of cash flows · for the six months ended 30 June 2026

	Six months to 30 June 2026 US$’000 Unaudited	Six months to 30 June 2025 US$’000 Unaudited	Year to 31 December 2025 US$’000 Audited
Cash flows from operating activities
Loss for the period	(4,034)	(3,090)	(6,933)
Adjustments for
Depreciation and amortisation	297	300	568
Finance income	(1)	(19)	(67)
Finance expense	23	9	17
Share-based payment expense	161	132	222
_________ _________ _________
	(3,554)	(2,668)	(6,193)
(Increase) / decrease in trade and other receivables	(661)	(778)	(1,456)
(Increase) in inventory	(45)	-	-
Increase / (decrease) in trade and other payables	489	(74)	(616)
_________ _________ _________
Net cash outflow from operating activities	(3,771)	(3,520)	(8,265)
_________ _________ _________
Cash flows from investing activities
Purchases of property, plant and equipment	(14)	-	(2)
Purchase of intangibles	(85)	(62)	(187)
Interest received	1	19	62
_________ _________ _________
Net cash used in investing activities	(98)	(43)	(127)
Cash flows from financing activities
Issue of ordinary shares	3,235	-	8,596
Expenses of share issue	(182)	-	(709)
Interest paid	(23)	(9)	(17)
Repayment of lease liabilities	(86)	(89)	(174)
_________ _________ _________
Net cash from / (used in) financing activities	2,944	(98)	7,696
Net increase / (decrease) in cash and cash equivalents	(925)	(3,661)	(696)
Cash and cash equivalents at beginning of period	3,343	4,061	4,061
Exchange movement on cash and cash equivalents	(16)	67	(22)
_________ _________ _________
Cash and cash equivalents at end of period	2,402	467	3,343

Final Results, published 29 Jun 26 · read the announcement ↗

Consolidated statement of profit or loss and other comprehensive income · for the year ended 31 December 2025

	Year to 31 December 2025 US$'000	Year to 31 December 2024 US$'000
Revenue	3,664	3,339
Cost of sales	(826)	-
_________ _________
Gross profit	2,838	3,339
Administrative expenses	(9,020)	(8,709)
Depreciation and amortisation	(568)	(701)
Share-based payments	(222)	(35)
_________ _________
Loss from operations	(6,972)	(6,106)
Finance income	67	254
Finance expense	(17)	(22)
_________ _________
Loss before tax	(6,922)	(5,874)
Tax expense	(11)	-
_________ _________
Loss from continuing operations	(6,933)	(5,874)
Other comprehensive income
Exchange gains arising on translation of foreign operations	64	33
_________ _________
Total comprehensive loss	(6,869)	(5,841)
_________ _________
Earnings per share attributable to the ordinary equity holders of the parent
Loss per share
Basic and diluted (US cents)	(0.9)	(2.5)

Consolidated statement of financial position · as at 31 December 2025

	Year to 31 December 2025 US$'000	Year to 31 December 2024 US$'000
Assets
Current assets
Trade and other receivables	1,964	504
Cash and cash equivalents	3,343	4,061
_________ _________
	5,307	4,565
_________ _________
Non-current assets
Property, plant and equipment	484	858
Intangible assets	2,149	2,069
_________ _________
	2,633	2,927
_________ _________
Total assets	7,940	7,492
_________ _________
Liabilities
Current liabilities
Trade and other payables	(1,238)	(1,856)
Lease liabilities	(109)	(182)
Non-current liabilities - lease liabilities	(88)	(189)
_________ _________
NET ASSETS	6,505	5,265
_________ _________
Issued capital and reserves attributable to
owners of the parent
Share capital	2,029	310
Share premium reserve	46,536	40,368
Share-based payments reserve	4,563	4,341
Foreign exchange reserve	(610)	(674)
Retained earnings	(46,013)	(39,080)
_________ _________
TOTAL EQUITY	6,505	5,265

Consolidated statement of cash flows · for the year ended 31 December 2025

	Year to 31 December 2025 US$'000	Year to 31 December 2024 US$'000
Cash flows from operating activities
Loss before tax	(6,933)	(5,874)
Adjustments for
Depreciation of property, plant and equipment	376	522
Amortisation of intangible fixed assets	192	179
Finance income	(67)	(254)
Finance expense	17	22
Share-based payment expense	222	35
_________ _________
	(6,193)	(5,370)
(Increase) / decrease in trade and other receivables	(1,456)	840
(Decrease) in trade and other payables	(616)	(1,490)
Income taxes paid	-	-
_________ _________
Net cash outflow from operating activities	(8,265)	(6,020)
_________ _________
Cash flows from investing activities
Purchases of property, plant and equipment	(2)	(17)
Purchase of intangibles	(187)	(176)
Interest received	62	254
_________ _________
Net cash (used in) / generated from investing activities	(127)	61
Cash flows from financing activities
Issue of ordinary shares	8,596	8,196
Share issue costs	(709)	(683)
Interest paid	(17)	(22)
Repayment of lease liabilities	(174)	(169)
_________ _________
Net cash inflow from financing activities	7,696	7,322
Net (decrease) / increase in cash and cash equivalents	(696)	1,363
Cash and cash equivalents at beginning of year	4,061	2,645
Exchange (losses) / gains on cash and cash equivalents	(22)	53
_________ _________
Cash and cash equivalents at end of year	3,343	4,061

As published in the company's results announcement: every line, heading and subtotal, read automatically from the text. Figures in brackets are negative; units as stated in the column headings.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 30 Sep 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	2.6	2.8	2.6
Gross profit	1.9	2.2	2.6
Adjusted EBITDA	–	(4.7)	(4.2)
Operating profit	(5.9)	(5.3)	(4.8)
Depreciation (owned assets)	0.3	0.3	0.4
Amortisation	–	0.1	0.1
Share-based payments	(0.2)	(0.2)	(0.0)
Operating profit to net income
Finance costs	(0.0)	(0.0)	(0.0)
Profit before tax	(5.9)	(5.3)	(4.6)
Tax	–	(0.0)	0.0
Net income (owners)	(5.9)	(5.3)	(4.6)
Per share
EPS basic	–	(0.7p)	(2.0p)
EPS diluted	–	(0.7p)	(2.0p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	1.3	−11%	1.3	1.5
Gross profit	0.9	−21%	0.9	1.2
Operating profit	(3.0)	n/m	(2.9)	(2.4)
Depreciation (owned assets)	0.1	−7%	0.1	0.2
Share-based payments	(0.1)	+18%	(0.1)	(0.1)
Operating profit to net income
Finance costs	(0.0)	n/m	(0.0)	(0.0)
Profit before tax	(3.0)	n/m	(2.9)	(2.4)
Net income (owners)	(3.0)	n/m	(2.9)	(2.4)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(6.4)	(6.3)	(4.7)
Interest paid	(0.0)	(0.0)	(0.0)
Tax paid	–	0.0	0.0
Investing activities
Capex (PP&E)	–	(0.0)	(0.0)
Capex (intangibles)	(0.2)	(0.1)	(0.1)
Financing activities
Lease principal paid	(0.1)	(0.1)	(0.1)
Shares issued	–	6.5	6.4

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(2.8)	n/m	(3.6)	(2.7)
Interest paid	(0.0)	n/m	(0.0)	(0.0)
Investing activities
Capex (PP&E)	(0.0)	–	–	–
Capex (intangibles)	(0.1)	n/m	(0.1)	(0.0)
Financing activities
Lease principal paid	(0.1)	n/m	(0.1)	(0.1)
Shares issued	2.4	–	–	–

	Latest Jun 26	FY 25	FY 24
Non-current assets
Other intangibles	1.6	1.6	1.6
Property, plant & equipment	0.7	0.4	0.7
Non-current assets	2.3	2.0	–
Current assets
Inventories	0.0	–	–
Trade receivables	2.0	1.5	0.4
Cash	1.8	2.5	3.2
Current assets	3.8	3.9	–
Total assets	6.2	5.9	6.0
Current liabilities
Trade payables	1.3	0.9	1.5
Lease liabilities, current	0.1	0.1	0.1
Non-current liabilities
Lease liabilities, non-current	0.5	0.1	0.2
Equity
Total equity	4.3	4.8	4.2

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Other intangibles	1.6	1.6	1.6	1.6
Property, plant & equipment	0.7	0.4	0.5	0.7
Non-current assets	2.3	2.0	2.0	–
Current assets
Inventories	0.0	–	–	–
Trade receivables	2.0	1.5	0.9	0.4
Cash	1.8	2.5	0.3	3.2
Current assets	3.8	3.9	1.3	–
Total assets	6.2	5.9	3.3	6.0
Current liabilities
Trade payables	1.3	0.9	1.3	1.5
Lease liabilities, current	0.1	0.1	0.1	0.1
Non-current liabilities
Lease liabilities, non-current	0.5	0.1	0.1	0.2
Equity
Total equity	4.3	4.8	1.8	4.2

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.