Business
Interim Results and Restoration to Trading
PACSCo Limited has announced its unaudited interim results for the six months ended 30 September 2025, reporting a loss on continuing activities of US$137,000, a significant improvement from the US$858,000 loss in the prior year period, following the deconsolidation of its Mozambique Agricultural Businesses. The company expects trading in its ordinary shares on AIM to be restored on 3 February 2026, as it transitions to an AIM Rule 15 cash shell. The disposal of the Mozambique businesses, which resulted in a book value of net assets disposed of at $25,648,000, is contingent on final regulatory approval from the Bank of Mozambique. Disclaimer*
About this update from Pacsco Limited
[{"type":"text","content":"\n\nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \nPACSCo Limited / Ticker: PACS / Index: AIM / Sector: Agriculture\n \nPACSCo Limited ('PACSCo' or the 'Company')\n \nInterim Results and Restoration to Trading\n \nPACSCo Limited, announces its unaudited results for the six months ended 30 September 2025.\nChair's Statement\n \nI am pleased to provide an update on the first half of the 2026 financial year ('HY-2026'). These results are available on the Company's website.\n \nAt a general meeting held on 31 March 2025, the shareholders approved resolutions to dispose of the Group's Mozambique Agricultural Businesses (the \"Mozambique Agricultural Businesses\" or ''Discontinued activities/operations'') to Chepstow Investments Limited (\"Chepstow\") (the \"Disposal\") and to change the Company's name from Agriterra Limited to PACSCo Limited. Accordingly, the operating results of the Mozambique Agricultural Businesses and the comparatives have been disclosed as discontinued activities/operations. Completion of the disposal is contingent upon the receipt of certain regulatory approvals in Mozambique.\n \nFinancial Review\nWith the transfer of control of the Mozambique Agricultural Businesses to Chepstow, following shareholder approval of the Disposal, the Mozambique businesses were deconsolidated at 31 March 2025. Accordingly, the Company is reporting a loss on continuing activities of US$ 137,000 (HY25: US$ 858,000).\n \nOutlook\nApproval for the disposal has been received from the Competition Regulatory Authority (\"CRA\") in Mozambique. Once approval for the transaction is received from the Bank of Mozambique, the Company will continue to be quoted on AIM as an AIM Rule 15 cash shell which the Directors expect will provide opportunities to create and deliver enhanced shareholder returns.\n \nRestoration to trading on AIM\nFollowing the publication of the 2025 Annual Report earlier today, and these 2026 interim results, trading in the Company's ordinary shares on the AIM market is expected to be restored at 7.30 a.m. on Tuesday 3 February 2026.\n ...