Business
Unaudited Half-year Report to 30 June 2025
Boston International Holdings PLC reported an unaudited net loss of £74,976 for the six months ended June 30, 2025, primarily due to administrative expenses. The company's cash reserves stood at £3,908 as of the same date. A bridge loan facility agreement was established with Zarara Energy Limited (ZEL) for up to £248,375.34, with interest payable at 10% per annum; £61,000 has been drawn down under this agreement. The listing of the Company's 148,219,943 ordinary shares was restored to the FCA's Official List. The loss after taxation was £75,000, resulting in basic and diluted earnings per share of (0.02) pence. Total assets were £12,000 and net liabilities were (£608,000). Disclaimer*
About this update from Boston International Holdings Plc
[{"type":"text","content":"\n\nBOSTON INTERNATIONAL HOLDINGS PLC\n(\"BIH\" or \"the Company\")\n \n30 September 2025\n \nUNAUDITED HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2025\n \n \nBoston International Holdings Plc, formed in November 2015, which operates as a special purpose acquisitions company (SPAC) to undertake one or more acquisitions of target companies or businesses, announces its unaudited half year report for the six months ended 30 June 2025.\n \nChairman's Statement\n \nI have pleasure in presenting the interim results of Boston International Holdings Plc for the six months ended 30 June 2025.\n \nDuring the financial period under review, the Company reported a net loss of £74,976, being the administrative expenses incurred. As of 30 June 2025, the Company had cash reserves of £3,908.\n \nA review of the key events in the period:\n \n- On 22 January 2025, the listing on the FCA's Official List and trading on the London Stock Exchange's main market for listed securities of the Company's 148,219,943 ordinary shares, which is the issued share capital prior to completion of the subscription by Zarara Energy Limited (\"ZEL\") (completed on 29 November 2024), were restored to listing on the FCA's Official List and to trading on the London Stock Exchange's main market for listed securities. This restored listing and trading does not extend to the 222,407,081 ordinary shares issued to ZEL on completion of the subscription.\n \n- On 4 February 2025, William ('Brock') Henry Tuppeny III resigned as a Director of the Company for personal reasons.\n \n- On 10 March 2025, the Company entered into a bridge loan facility agreement with ZEL for the provision by ZEL to the Company of a bridge loan facility of up to £248,375.34 to be drawn down in tranches to be agreed between the parties and with an allocation budget to be agreed for each utilisation (the \"Loan Facility Agreement\") to assist with the Company's working capital requirements.\n \nKey terms of the Loan Facility Agreement: -\n(a) interest is payable by the Company on any utilisation at 10% per annum from the relevant utilisation date.\n(b) any amount drawn down/utilised can be rep...