Business
Interim Results
Interim Results.
About this update from Cloudbreak Discovery Plc
[{"type":"text","content":"\n\n31 March 2025\nCloudbreak Discovery Plc\n(\"Cloudbreak\" or the \"Company\")\n \nInterim Results for the Period Ended 31 December 2024\n \nCloudbreak Discovery Plc (LSE: CDL), a leading London listed royalty company and natural resources project generator, is pleased to announce its Interim Results for the six months ended 31 December 2024 (\"H2 2024\" or the \"Period\").\n \nChairmans review of interim period\n\nI am pleased to provide Cloudbreak shareholders with an update on the Company's developments in the six months ended 31 December 2024.\n \nThe period has seen the continuation of the re-organising of the assets and investments the Company has, which resulted in a desire to continue with the present undervalued asset package to build a foundation to work from and seek to prove the underlying values. Fostering and supporting the existing projects and investments should unlock some of this value. \n \nCloudbreak continued to also reduce capital expenditures and operational costs while seeking partnerships for the existing projects it holds. The Company will continue to focus on project generation and establishing direct involvement in early-stage projects whereby it can make a strong financial impact on acquired assets so as to realise multiples of value going forward. The continued building on the existing foundation of core assets, as well as new ones, will be how the Company proves underlying values.\n\nSubsequent to 31 December 2023, I joined the Board as Executive Chairman, to aid the business development efforts, focusing on identifying opportunities, and driving revenue growth.\nIt is with cautious optimism that we look forward to the next financial period, 2024 was a difficult period of hard-won lessons, but these lessons will be valuable as we go into H2 2025. \nWe would like to take this opportunity to thank our shareholders for their patience and continued support, and we look forward to reporting on our progress moving forward. \nResponsibility Statement\n \nThe Directors are responsible for preparing the Interim Report in accordance with the Disclosure Guidance and Transparency Rules of the United Kingdom's Financial Conduct Authority (\"DTR\") and with International Accounting Standard 34 on Interim Financial Reporting (IAS 34).\n \nThe Dire...