Business
Final Results and Notice of AGM
Mindflair plc announced its audited results for the year ended 31 December 2025, reporting a loss before tax of £1,660,000, a significant shift from the prior year's profit of £3,159,000, primarily due to a reduction in the valuation of Napster and operating expenses. The company's net asset value (NAV) decreased by 12.8% to £9,412,000, or 1.80 pence per share, representing a 72% discount to the current share price of 0.50 pence. Key financial highlights include a cash balance increase to £610,000 and the repayment of all loan notes, leaving the company debt-free. The company also generated approximately £2.6 million in cash proceeds from the disposal of its interest in Getvisibility, contributing to a profit of £0.62 million on that direct investment. Post-period, a partial realization from the investment in CameraMatics provided an additional cash inflow of €600,000. Disclaimer*
About this update from Mindflair Plc
Mindflair plc ("Mindflair" or the "Company") Final Results for the year to 31 December 2025 and Notice of AGM Mindflair plc (AIM: MFAI), the AIM-quoted company focused on investing in Artificial Intelligence ("AI") related technology, announces its audited results for the year ended 31 December 2025. Notice of AGM The Company also announces that a Notice of Annual General Meeting ("AGM") has been sent to shareholders of the Company, convening a meeting to be held at the offices of Orrick, Herrington & Sutcliffe (UK) LLP, 107 Cheapside, London, EC2V 6DN on 24 July 2026 at 3.00 pm. A copy of the notice of AGM is available to download from the Company's website at: https://mindflair.tech/ Highlights During the period • Disposal of interests in Getvisibility in April 2025, generating cash proceeds of around £2.6 million, and a profit of £0.62 million on just the Company's direct investment. This was a significant inflow compared to the Company's current market capitalisation of £2.9 million and has enabled the Company to continue to implement its investment strategy from internally generated funds without the need to raise new equity. • Part of the Company's investment in Catenai plc was sold at a significant profit to realise the cost of the Company's initial investment in this company. • Cash realisation received from the sale of one of the companies in NRDC which was a small incubator fund held within SVV1 which had previously been written down. • Cash balance increased to £610,000 (2024: £220,000) which excludes the recent cash inflow of €600,000 from the partial disposal of the investment in CameraMatics (see below). • Remaining balance of the series of two-year loan notes repaid in April 2025, leaving the Company debt free. • Net asset value ("NAV") amounted to £9,412,000 as at the year-end or 1.80 pence per share (2024: 2.05 pence). This compares to a current share price of 0.50 pence so the shares are currently trading at a 72% discount to NAV. Total NAV has decreased by 12.8% compared to the prior year figure of £10,793,000, due to the loss generated in the period. • Loss before tax of £1,660,000 (31 December 2024: Profit of £3,159,000), due principally to the reduction in the valuation o...