Business
Unaudited Interim Results to 31 December 2024
Unaudited Interim Results to 31 December 2024.
About this update from Silverwood Brands Plc
[{"type":"text","content":"\n\n31 March 2025\n \nSilverwood Brands Plc\n(\"Silverwood\" or the \"Company\", together with its subsidiaries, the \"Group\")\nUnaudited Interim Results for the six months ended 31 December 2024\nSilverwood Brands plc (AQSE: SLWD), a holding company established to invest primarily in branded consumer businesses, announces the Group's unaudited interim results in respect of the six months ended 31 December 2024. These are the Group's second interim results following the change of accounting reference date announced on 29 October 2024. The Group's next results will be the final audited results for the 18 months ending 30 June 2025.\n \nChief Executive's Statement\nOur teams remain focused on delivering profitable growth. As previously noted, growing small brands demands resilience and perseverance. Whilst we encounter the inevitable challenges, we have found areas of growth and made improvements to our underlying operations with each of our brands being better positioned than this time last year.\nWe have also reviewed a number of new opportunities and remain confident that we will find attractive ventures to add to our existing portfolio.\nLike all businesses we are experiencing cost inflation. We are fortunate to have a culture of cost consciousness across the Group which ensures we retain a tight grip on cost increases.\n \nExecutive Summary\nFor the 12-month period to 31 December 2024, excluding Cosme and Dr. Baeltz which were acquired in April 2024 our underlying performance remained flat compared to 2023. In the second half of the 2024 year, we concentrated on establishing a solid foundation for growth in 2025 by setting up new and exciting opportunities, making strategic hires, and streamlining systems and processes across our brands. Specifically, we have expanded our finance team and have focused on putting in place robust and standardised reporting across our brands, including the newly acquired Cosme and Dr Baeltz.\nOur early results for 2025 have been promising, and we are excited to see this year capitalise on the hard work and determination our brands continue to demonstrate.\n \n \n \n \n \nRevenue Comparison to December 2023\n\n\n\n\n£\n\n\nH2 2024\n\n\nH2 2023\n\n\nIncrease\n\n\n% Increase\n\n\n\n\nBalmonds\n\n\n 1,217,255\n\n\n 1,141,66...