Business
Annual Financial Report
Amigo Holdings PLC has completed its Scheme of Arrangement and the winding down of its lending operations, with subsidiaries entering solvent liquidation. The company now holds approximately £460,000 in net cash to cover minimal running costs and explore reverse takeover opportunities, primarily in the mining sector. Following the appointment of a Board consultant, investors have agreed to subscribe for £1.5 million in risk capital via convertible loan notes, subject to shareholder approval, and Amigo is also seeking to raise up to £188,100 from existing shareholders. The company's financial statements for the 18 months ended 30 September 2025 reflect this transition, showing a profit before tax of £70.8 million primarily due to intercompany balances waived, and the financial statements are prepared on a basis other than going concern. Disclaimer*
About this update from Amigo Resources Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE\n15 December 2025\n \n \nAmigo Holdings PLC\n(\"Amigo\" \"PLC\" or the \"Company\")\n Financial Results for the financial period ended 30 September 2025\n \nAmigo Holdings PLC today it announces results for the 18-months ended 30 September 2025.\n \nNick Beal, Chief Executive Officer commented:\n\"During the financial period we completed the Scheme of Arrangement and made all of our staff redundant. That drew a line under Amigo's difficult recent past.\nSince the end of the financial period, we have announced that we appointed Craig Ransley as a Board Consultant and that he has raised £1.5m in risk capital (subject to approval by shareholders). The company is looking for potential transactions in the mining sector and I believe that this is the start of an exciting future for Amigo.\"\n \nOperational Headlines\n· In March 2023, Amigo moved into a 'Fallback' stage under its court-approved Scheme of Arrangement.\n· After that, the Board decided that Amigo would stop preparing its accounts on a \"going concern\" basis (see note 1 in the Financial Statements).\n· In March and April 2024, Amigo raised some funds to keep the PLC solvent while the Board looked into possible reverse takeover (RTO) opportunities that could return some value to shareholders.\n· The main work required by the Scheme - winding down the business, collecting or selling its loans to maximise returns for creditors, and supporting remaining staff -was completed in July 2025.\n· The Scheme was officially completed on 17 September 2025. This means all obligations have been met as far as possible and Amigo moved fully into liquidation of its subsidiaries.\n· The workforce has been reduced to a small remaining team through planned redundancies, and the last employees will shortly leave.\n· On 29 September 2025, Amigo's subsidiaries entered members' voluntary (solvent) liquidation and appointed liquidators.\n· There was not e...