Business
Operational Update and Interim Results
Defence Holdings PLC has reported significant operational progress and financial strengthening for the six months ended 30 September 2025. Total assets increased to £2.72 million from £77,000, while total liabilities decreased to £78,000 from £729,000, bolstered by £3.45 million in gross proceeds raised, including £350,000 from board members. Cash reserves grew to £2.21 million from £69,000. Project Ixian has advanced to a pre-contract pathway with its first customer, and the company is nearing a CEO appointment. Defence Holdings also committed £1.0 million to AI co-development programmes with Whitespace, with £0.5 million paid. The company's shares are now cross-listed on the US OTC Market. Disclaimer*
About this update from Defence Holdings Plc
[{"type":"text","content":"\n\n \n \n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n 22 December 2025\n \n \n \n \n London, UK\n \n \n \n \n \n \n \n \n \n Defence Holdings PLC\n \n \n \n (“Defence Holdings” or the “Company”)\n \n \n \n Operational Update: Continued Delivery Momentum and Strengthened Position Across Allied Defence Programmes and Unaudited Interim Results to 30 September 2025\n \n \n \n Defence Holdings PLC (LSE: ALRT), the UK-listed defence technology group, today provides an operational update outlining continued progress across its sovereign-AI product suite, expanding engagement with allied defence stakeholders, and strengthened organisational readiness as the Company enters its next phase of delivery and commercialisation.\n \n \n The Company also announces its unaudited interim financial results for the six-month period ended 30 September 2025, which include the previously reported audited results for the eighteen-month period ended 31 March 2025.\n \n \n \n \n \n \n Highlights\n \n \n \n ·\n \n Project Ixian has advanced into a pre-contract pathway with its first customer\n \n \n ·\n \n The Company has progressed to the advanced stages of a Chief Executive Officer appointment process and expects to provide a further update in Q1 2026.\n \n \n ·\n \n Deepened delivery integration with major technology partners and allied programmes.\n \n \n ·\n \n Strong cash position maintained through disciplined, delivery-aligned capital strategy.\n \n \n ·\n \n Delivery momentum is accelerating, underpinned by increasing maturity in development activity and growing stakeholder engagement.\n \n \n ·\n \n Defence Holdings is about to enter a busy Q1, with planned updates across existing Defence Technologies products and the initiation of further strategic workstreams - with announcements expected in the very near term. \n \n \n \n \n \n \n \n \n Financial & Corporate Overview\n \n \n \n During the reporting period, the Company’s financial position strengthened materially following the successful execution of its capital strategy and transition to a defence-focused operating model.\n \n \n Total asse...