Business
Final Results for the Year Ended 30 September 2025
Sundae Bar PLC reported its final results for the year ended 30 September 2025, announcing an operating loss of approximately £1.2 million before a significant £25 million goodwill impairment charge, which reduced the carrying value of goodwill to nil. The company raised £2 million upon its AIM admission on 3 June 2025, and its total assets stood at approximately £1.65 million, including £659,000 in cash and cash equivalents. The goodwill impairment is a non-cash item and does not affect the company's operations, technology, or liquidity, with the board viewing it as a prudent balance sheet reset to focus on future commercial milestones. The company remains focused on enhancing its platform, expanding developer participation, securing enterprise partnerships, and increasing transaction activity and revenue visibility. Disclaimer*
About this update from Sundae Bar Plc
[{"type":"text","content":"\n\n \nFor immediate release\n \n26 March 2026\n \nSundae Bar Plc\n(\"sundae_bar\" or the \"Company\")\nFinal Results for the Year Ended 30 September 2025\n \nSundae Bar Plc (AIM: SBAR), the enterprise platform deploying AI agents for business, announces its audited results for the year ended 30 September 2025 (the \"2025 Accounts\").\n \nFinancial Highlights:\n- £2 million raised in conjunction with the Company's admission to AIM on 3 June 2025 supporting growth and delivery of strategic goals\n- Total assets: c. £1.65 million including £659k in cash and cash equivalents \n- Operating loss: c. £1.2 million\n \nThe acquired goodwill is always subject to an annual impairment review under applicable accounting standards. The goodwill recognised on the acquisition of Ora Technology Plc (\"Ora\") represented the difference between the price paid - satisfied entirely by the issuance of shares rather than cash - and the fair value of the net assets acquired. Given the early stage of the sundae_bar platform's commercial development, the Board considered it prudent to write down its goodwill from c. £25m to nil and this is reflected in the profit before taxation. The Board nevertheless remains positive about Ora's technology and its future potential; the infrastructure acquired has been fully integrated into the sundae_bar platform.\n \nBefore the impairment and the acquisition costs, the operating loss was c. £1.2 million.\n \nIn particular, it should be noted that in respect of the impairment:\n- No cash has been lost as a result of this adjustment\n- The Group's cash position remains unaffected\n- Operations, technology and intellectual property are unaffected\n- The business continues to execute its strategy as planned\n \nStrategic Focus and Path to Value Creation\nThe Company remains focused on converting infrastructure and development model into measurable commercial traction concentrating on:\n- Further enhancing platform functionality and deployment capability\n- &nb...