Business
Interim Results
Interim Results.
About this update from Spiritus Mundi Plc
[{"type":"text","content":"\n\n26 June 2025\nSpiritus Mundi plc\n(\"Spiritus Mundi\" or the \"Company\")\nInterim Results for the six months ended 31 March 2025\nSpiritus Mundi plc (LSE: SPMU), the Special Purpose Acquisition Company (SPAC) which is seeking to acquire targets in Europe and Asia in the clinical diagnostics sector, announces its unaudited half-yearly results for the six months ended 31 March 2025 (the \"Interim Report\").\n \nChairman's statement\n \nI am pleased to present the Company's unaudited interim results for the six months ended 31 March 2025.\n \nThe Company was established to identify and acquire target businesses in the clinical diagnostics space. Since the Company's admission to trading on the Main Market of the London Stock Exchange in July 2022, we evaluated a number of potential opportunities across laboratory diagnostics, testing services, and digital healthcare.\n \nFurther to the announcements on 6 March 2023 and 3 February 2025, on 3 June 2025, the Company announced that it had entered into an amended Heads of Terms to acquire the entire issued share capital of Reste Laboratories Pte Ltd (\"ResteLab\") and Restalyst Pte Ltd (\"Restalyst\") which will constitute a reverse takeover under the UK Financial Conduct Authority's (\"FCA\") Listing Rules.\n \nDespite the ongoing volatility in capital markets, we remain committed to our strategy and are actively pursuing the closing of the acquisitions of ResteLab and Restalyst, together with seeking to raise additional funds to facilitate the completion of the acquisitions. This is being done with the support of the Company's creditors, who are predominantly advisers to the Company, which is greatly appreciated.\n \nIn addition to the support being received from the Company's advisers, I thank our shareholders for their continued support and patience as we work towards closing these transformational acquisitions. Further updates will be provided as matters progress\n \nFinancial review\n \nThe Company incurred a loss for the six months ended 31 March 2025 of £333,866. The loss for the period resulted from the on-going administrative expenses required to operate the Company and evaluate potential acquisition opportunities. As at 31 March 2025 the Company held £531 in cash.\n \nThere have been no significant events since the end of the r...