Business
Interim 2025 Results
Interim 2025 Results.
About this update from Bsf Enterprise Plc
[{"type":"text","content":"\n\n \n24 June 2025\n \n \nBSF Enterprise PLC\n(\"BSF\" or the \"Company\")\n \nInterim 2025 Results\n \nBSF (LSE: BSFA), (OTCQB: BSFAF), a leading innovator in tissue-engineered materials is pleased to announce its unaudited interim results for the six months ending 31 March 2025.\nDr Che Connon, CEO of BSF Enterprise is pleased to present the report for the six months ended March 31, 2025.\nFinancial Summary: The net loss for the period decreased to £790,623, compared to a loss of £864,775 in the corresponding six-month period in 2024. This reduction reflects a small decrease in administrative expenses and an increase in grant income. Administrative expenses were 2% lower at £875,730, and grant income increased significantly to £67,823 (2024: £3,779). The loss per share decreased from 0.84 pence to 0.64 pence.\nThe Group's cash balance as of March 31, 2025, was £338,957, down from £637,656 at September 30, 2024. This reduction is due to the losses for the period and proceeds from a £500,000 placing in December 2024. No dividends were paid or proposed during this period.\nBusiness Review Highlights:\n● Strategic Partnerships and Collaborations: BSF Enterprise, through its subsidiary 3D Bio-Tissues (3DBT), signed a strategic Memorandum of Understanding (MoU) with Sartorius, a global leader in bioprocessing solutions. This partnership aims to develop cost-effective and scalable production methods for lab-grown leather and alternative protein products.\n● Advancements in Lab-Grown Leather Commercialization: Lab-Grown Leather Ltd (LGL) is developing three core product lines: Elemental Leather™, Elemental+™, and Elemental X™.\n○ Elemental Leather™ is a premium lab-grown leather designed to be identical to traditional leather.\n○ Elemental+™ is an ultra-thin (>0.04mm) yet strong leather alternative, opening opportunities in weight-sensitive sectors like sportswear and electric vehicles.\n○ Elemental X™ is a groundbreaking leather developed using engineering biology and AI, including the pioneering T-Rex leather derived from synthetic T-Rex DNA.\n● Breakthrough Developments and Market Engagement: Elemental+™ achieved a key milestone with its ultra-thin strength. The announcement of Elemental X™ ...