Business
Final Results
Everest Global PLC reported a revenue of £566,755 for the year ended 31 October 2025, an increase from £437,768 in the prior year, but incurred a loss before tax from continuing operations of £1,105,279, widening from a £629,780 loss. The company's first half showed strong performance with revenue doubling to £270,251 and a pre-tax profit of £75,617 before one-off items. Significant capital activity included repaying £1,500,000 of convertible loan notes and subsequently subscribing for £1,500,000 in new ones, alongside a capital reorganisation completed in November 2025 which consolidated shares on a 200:1 basis. The company acquired a cigar distributor and lounge for £90,000 and plans further acquisitions in the beverage sector. Cash and cash equivalents stood at £1,063,463 at year-end. Disclaimer*
About this update from Everest Global Plc
[{"type":"text","content":"\n\n27 February 2026\n \nEverest Global plc\n(\"Everest\" or the \"Company\")\nFinal Results\n \nThe Board of Everest is pleased to announce its final results for the year ended 31 October 2025.\nThe year ended 31 October 2025 has been a year of continued financial progress and significant capital management activity. The Company has continued to develop its presence in the London alcohol retail market through its subsidiary, Precious Link (UK) Limited ('PL'), and has made meaningful progress in simplifying and strengthening its balance sheet.\nRevenue for the year ended 31 October 2025 was £566,755 (2024: £437,768), with the Company reporting a loss before tax from continuing operations of £1,105,279 (2024: loss of £629,780). The Company's first half performance was particularly strong, with revenue for the six months ended 30 April 2025 increasing by approximately 100% to £270,251, reflecting the full contribution of the new retail store which opened in January 2025, and a return to profitability before one-off items of £75,617.\nGross profit margins have continued to improve, reflecting better supplier terms and a more favourable product mix. Administrative expenses have been managed prudently, with the Company focused on maintaining operational discipline while investing in future growth. Cash generated from treasury activities during the prior year has been fully repaid and the Company's treasury management strategy is under review.\nCapital Activity\nDuring the year under review, the Company continued to manage its convertible loan note ('CLN') obligations actively. At the year end, the outstanding balance of CLNs was £2,537,520 (2024: 3,570,119. In August 2025, the Company repaid £1,500,000 of CLNs to the holder, Surich Real Estate Opportunity Find SPA (\"SPC\"), following a request for partial early repayment as the funds had not been fully deployed within the timeframe expected. In November 2025, SPC subscribed for £1,500,000 in new CLNs to provide funding for the Company's working capital and capital expenditure requirements and to support the implementation of its strategy to pursue one or more additional acquisitions of businesses (whether by way of share or asset purchases) in the beverage distribution and production sector in the UK and across Europe.\nCapital Re-Organisation\nSubsequent to the year...
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