Business
Delay to Publication of Audited Results
Silverwood Brands plc announced a delay in publishing its audited results for the 18-month period ending June 30, 2025, due to complexities in auditing its Japanese subsidiaries, specifically the translation of financial statements from Japanese GAAP to IFRS following the acquisition of Cosme Science. Consequently, trading in the company's ordinary shares will be temporarily suspended from January 2, 2026. Unaudited figures show total assets of £36,112,906 and total liabilities of £18,018,201 as of June 30, 2025, resulting in net assets of £18,094,705. The company reported a revenue of £23,912,606 for the period, with a reported loss before tax of £4,084,106. Disclaimer*
About this update from Silverwood Brands Plc
[{"type":"text","content":"\n\n31 December 2025\n \nSilverwood Brands plc\n(\"Silverwood\" or the \"Company\"; together with its subsidiaries, the \"Group)\n \nDelay to Publication of Audited Results\n \nSilverwood Brands plc (AQSE: SLWD), a holding company established to invest primarily in branded consumer businesses, announces that there has been a delay in completing the audit of the Group's results for the 18 month period ended 30 June 2025.\n \nThe delay arises from the additional time required to complete the audit of the Group's Japanese subsidiaries. This has been necessitated by the technically complex translation of subsidiary financial statements from Japanese Generally Accepted Accounting Principles (\"Japanese GAAP\") to International Financial Reporting Standards (\"IFRS\").\n \nWhile the Group has previously audited and consolidated its Japanese subsidiaries, the Sonotas companies, the acquisition of Cosme Science during the period introduced additional complexity to the current audit.\n \nTemporary Suspension\nAccordingly, as the Company will be unable to publish audited results by 31 December 2025 as required by Rule 4.3 of the Aquis Growth Market Access Rulebook, trading in the Company's ordinary shares will be temporarily suspended with effect from 08.00 on Friday, 2 January 2026.\n \nUnaudited Financial Information\nFor information purposes, limited unaudited financial information relating to the Group for the 18 month period ended 30 June 2025 is set out below.\n \nThis information has been extracted from the Company's draft report and accounts for the period ended 30 June 2025 and has not been audited. A further announcement will be released by the Company on completion of the audit and any material changes between the financial information set out below and the audited financial information will be disclosed in that announcement.\n \n\n\n\n\nCONSOLIDATED STATEMENT OF FINANCIAL POSITION\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n30 June 2025\n\n\n \n\n\n31 December 2023\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAssets\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nNon-Current Assets\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nProperty, Plant and Equipment\n\n\n\n\n\n9,151,299\n\n\n\n\n\n199,306\n\n\n\n\nIntangible Assets\n\n\n\n\n\n18,266,219\n\n\n\n\n\n23,594,130\n\n\n...