Financial Results of Operating Subsidiaries

About this update from Dotlines Global Limited

LEI: 213800L6HSNUEFYY3J85 30 June 2026   Dotlines Global Limited (" Dotlines " or the " Company ")   Financial Results of Operating Subsidiaries Full year results of Dotlines International Ltd 17-month period results of Audra Solutions Ltd   Dotlines (AIM: DOTL), a UK-based international technology group operating in the telecommunications, digital infrastructure, cybersecurity and financial technology sectors, announces the audited results for the 12 months ended 31 December 2025 for Dotlines International Ltd ("Dotlines International") and the 17 months ended 31 December 2025 for Audra Solutions Ltd ("Audra"). Dotlines International (previously called Dotlines Global Limited) and Audra are the operating entities of the Company following the acquisition of the entire issued share capital of Dotlines (Guernsey) Ltd, which is the parent of Dotlines International, and Audra by the Company on 11 May 2026.   Accordingly, these results are for a period prior to the acquisition of Dotlines International and Audra by the Company and do not represent consolidated accounts of the Company, Dotlines International and Audra. The Company will publish consolidated interim results for the Dotlines group for the six‑month period ending 30 June 2026 by 30 September 2026.   Highlights for Dotlines International (1)(2) ·    Revenue increased by 4.9% to £21.5m (2024: £20.5m) ·    Profit before tax increased by 10% to £1.1m (2024: £1.0m) ·    Profit after tax increased by 3.8% to £0.9m (2024: £0.8m) ·    Total net assets increased by 9.1% to £2.4m as at 31 December 2025 (31 December 2024: £2.2m) (1)   Based on the consolidated financial statements for Dotlines International Ltd. The products and services of Audra were commercially launched in 2025 and therefore minimal revenue has been recorded up to 31 December 2025. (2)   Percentage movements are calculated using the underlying unrounded figures.   Further details regarding the acquisition of Dotlines International and Audra can be found in the Company's Admission Document, dated 20 April 2026, which, along with the Company's interim results for the six months ended 31 December 2025, is available on the Company's website here .   The full report and financial statements for Dotlines International for the year ended 31 December 2025 and Audra for the 17-month period ended 31 December 2025 will be filed with Companies House shortly. The comparative period for Audra is the twelve-month period ended 31 July 2024.   For the period under review, and until 11 May 2026, Dotlines International was named Dotlines Global Limited.   For further information please contact:   Dotlines Global Limited   Mahbubul Matin, Executive Chairman Jakir Chowdhury, CEO Mohammad Monsurul Hoq Sazzad, CFO via Gracechurch Group     Allenby Capital Limited (Nominated Adviser and Broker)   Jeremy Porter/Nick Athanas (Corporate Finance) Jos Pinnington/Lauren Wright (Equity Sales & Corporate Broking) +44 (0)20 3328 5656     Gracechurch Group (Financial PR)   Harry Chathli/Claire Norbury +44 (0)20 4582 3500   About Dotlines   Dotlines Global Ltd (AIM: DOTL) is a UK-based international technology group operating in the telecommunications, digital infrastructure, cybersecurity and financial technology sectors. Founded in Malaysia in 2007 as a bespoke B2B software development business, it has since grown to offer a range of products, platforms and solutions for both B2B and B2C customers. Its two core areas of activity are digital content and services - principally, the Sohoj digital lifestyle platform for migrant populations in Malaysia,  which has served over a million migrants from countries across Asia - and telecom products and services in the UK comprising: the Catena OSS and BSS software platform for internet service providers; Audra SME- and consumer-focused cybersecurity solutions; and the Carnival Internet full fibre broadband service.   For more information, visit: www.dotlinesglobal.com . Results of Dotlines International Limited (formerly Dotlines Global Limited)     Dotlines International Limited (formerly Dotlines Global Limited) Consolidated Statement of Comprehensive Income Year ended 31 December 2025   Audited Year ended   Audited Year ended     31 December 2025 31 December 2024 Notes £'000 £'000 Revenue 3 21,467 20,460 Cost of goods (19,041) (17,875) Gross profit 2,426 2,585 Other income 72 191 Administrative expenses (1,365) (1,723) Operating profit 1,133 1,053 Finance costs (70) (55) Profit before taxation 1,063 998 Taxation 4 (223) (201) Profit from continuing operations 840 797 Profit for the year 840 797 Other comprehensive income   4 11 Total comprehensive profit for the year   844 808   Profit per share Year ended Year ended   31 December 2025 31 December 2024   £ £   Basic and diluted profit per share 5 0.11 212.13 Basic and diluted profit per share from continuing operations   5 0.11 212.13   Dotlines International Limited (formerly Dotlines Global Limited) Consolidated Statement of Financial Position As at 31 December 2025   Audited Year ended      Audited Year ended      31 December 31 December   2025             2024 Note £'000 £'000   Assets   Non-current assets   Property, plant and equipment 36 40   Right of use asset - 28   Intangible assets 124 172   Investments - -   Other financial assets - 3   Total non-current assets 160 243   Current assets   Inventory - -   Trade and other receivables 6 2,878 1,850   Cash and cash equivalents 50 117   Other financial assets 10 2,608 3,443   Other non-financial assets 11 1,755 400   Current tax assets - -   Total current assets 7,291 5,810     Total assets 7,451 6,053     Liabilities   Current liabilities   Trade and other payables 7 3,117 1,363   Lease liabilities - 29   Borrowings 8 127 161   Other financial liabilities 9 1,290 1,705   Current tax liabilities 349 356   Deferred tax liabilities 1 1   Other current liabilities 28 3   Total current liabilities 4,912 3,618           Net current assets 2,379 2,192     Non-current liabilities   Lease liabilities - 1   Total non-current liabilities - 1       Total liabilities 4,912 3,619       Total net assets 2,539 2,434     Capital and reserves   Share capital 80 1,442   Capital reserve - 2   Retained earnings 1,057 976   Group reorganisation reserve 1,384 -   Foreign currency translation reserve 18 14   Equity shareholders' funds 2,539 2,434   Dotlines International Limited (formerly Dotlines Global Limited) Consolidated Statement of Cash Flows Year ended 31 December 2025       Audited Year ended   Audited Year ended     31 December 31 December   2025 2024   £'000 £'000 Cash flows from operating activities Profit/(Loss) after tax 840 797 Adjustments for:     Depreciation and amortisation 97 269 Interest on loan 54 33 Interest on lease liability 1 4 Operating cash flow before changes in working capital 992 1,103 Changes in inventory - 2 Changes in trade and other receivables (1,200) 851 Changes in other assets (1,355) (398) Changes in trade payables 1,925 (961) Change in other financial liabilities (1,181) 267 Changes in other current liabilities 26 (30) Net movement in working capital (1,785) (268) Net cash flow from operating activities (793) 835 Cash flow from investing activities Purchase of property, plant and equipment (17) (31) Increase in Intangible assets - - Investments sold/(purchased) - - Net cash flow from investing activities (17) (31) Cash flow from financing activities Payment of lease liability (30) (46) Payment of interest on loan (54) (33) Net movement in loans and advances with related parties 859 (1,179) Proceeds from borrowings (34) 161 Net cash flow from financing activities 741 (1,097)   Net change in cash and cash equivalents (69) (293) Exchange difference in cash and cash equivalents 2 (85) Opening cash and cash equivalents 117 494 Closing cash and cash equivalents 50 117 Dotlines International Limited (formerly Dotlines Global Limited) Consolidated Statement of Changes in Equity Year ended 31 December 2025     Share capital   Group Reorganisation Reserve Capital Reserve   Retained Earnings   Equity Instrument FVOCI Foreign currency translation reserve Total Equity     £'000 £'000 £'000 £'000 £'000 £'000 £'000 At 1 January 2024 1,442 - 2 710 - 3 2,157 Profit for the year - - - 797 - - 797 Reserve on conversion in foreign currency - - - - - 11 11 Total comprehensive income - - - 797 - 11       808 Dividends declared - - - (531) - -      (531) At 31 December 2024 1,442 - 2 976 - 14 2,434                 At 1 January 2025 1,442 - 2 976 - 14 2,434 Profit for the year - - - 840 - 840 Reserve on conversion in foreign currency - - - - - 4 4 Total comprehensive income - - - 840 - 4 844 Group reorganisation (1,362) 1,384 (2)       20 Dividends declared - - - (759) - - (759) At 31 December 2025 80 1,384 - 1,057 - 18 2,539   Dotlines International Limited (formerly Dotlines Global Limited) Selected notes to the Consolidated Financial Statements (the full set of notes are available in the annual report and accounts) Year ended 31 December 2025   1.    General information Dotlines International Limited (formerly Dotlines Global Limited having changed its name on 11 May 2026) ("Dotlines International") is a limited company incorporated in England and Wales (company registration number 15833159) with its registered office address at 106 Baker Street, 1st Floor Office, London, W1U 6TW. The primary business activities of Dotlines International, together with its subsidiaries (the "Dotlines International Group"), are general wholesale trade business, management consultancy services, and providers and facilitators of information communications and technologies. 2. Accounting policies Basis of preparation The Consolidated Financial Statements ("financial statements") for the year ended 31 December 2025 have been prepared on a going concern basis in accordance with UK-adopted International Accounting Standards and its interpretations ("IFRS"), as issued by the International Accounting Standards Board ("IASB"). All accounting policies have been applied consistently to all periods presented in these consolidated financial statements. The financial statements are presented in GBP, which is the Dotlines International Group's presentational currency and amounts are rounded to the nearest thousand pounds, unless otherwise stated. The subsidiaries' functional currency is Singapore Dollars and Malaysian Ringgit. The parent's functional currency is pounds sterling. The Dotlines International Group maintains its books and records in the functional currency of its respective subsidiaries and prepare financial statements in accordance with Generally Accepted Accounting Principles in the resident country. For the convenience of the reader, the Dotlines International Group has translated local currency amounts for the fiscal year ended 31 December 2025 and 31 December 2024 into GBP as per the guidance given under IAS 21 - Foreign Exchange. These translations should not be considered representations that any such amounts have been, could have been or could be converted into GBP at that or any other exchange rate as of that or any other date. The principal accounting policies that have been applied to the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated. Group reorganisation and common control transactions The acquisition of Dotlines Pte. Ltd. by Dotlines International Limited has been accounted for as a group reorganisation involving entities under common control. The consolidated financial statements have therefore been prepared using merger / pooling-of-interests principles, under which the assets and liabilities of the combining entities are recognised at their existing carrying values. The difference between the share capital issued by Dotlines International Limited and the carrying value of the interests acquired has been recognised in the group reorganisation reserve. Going concern For the year ended 31 December 2025 the Dotlines International Group generated a profit after tax of £840,000 (year to 31 December 2024: £797,000) and total comprehensive income of £844,000 (year to 31 December 2024: £808,000) and had net current assets of £2,379,000 as at that date (31 December 2024: £2,192,000). The Company's cash and cash equivalents amounted to £50,000 as at 31 December 2025 (31 December 2024: £117,000). The Directors have made an assessment of the Dotlines International Group's ability to continue as a going concern and is satisfied that the Dotlines International Group has the resources to continue in business for the foreseeable future.  Furthermore, the Directors are not aware of any material uncertainties that may cast significant doubt upon the Dotlines International Group's ability to continue as a going concern. 3. Revenue from contracts with customers All of the revenue arises in Singapore and Malaysia and is considered to arise from activities and general wholesale trade business, management consultancy services, and as providers and facilitators of information communications and technologies. The revenue is recognised at a point in time in accordance with the accounting policy noted earlier. There are no contract assets and liabilities in the statement of financial position at each reporting date with the only balance due from customers being the trade receivables. Total revenue from contracts with customers for each year:     Year ended     Year ended 31 December  31 December 2025 2024 £'000 £'000 Sale of mobile data top-up via Sohoj 18,090 17,485 Telecom value-added services revenue 3,027 2,512 Others 350 463 21,467 20,460   4. Taxation Year ended      31 December Year ended      31 December 2025 2024 £'000 £'000 Current tax charge 223 201 223 201   Effective Tax rate Reconciliation Year ended 31 December Year ended 31 December As per the overseas tax provision 2025 2024 £'000 £'000 Overseas tax provision reconciliation 121 (25) Taxation at overseas statutory tax rate @ 24% 29 (6) Expenses not deductible for tax purpose 4 3 GAAP Adjustments 6 30 Prior Period Tax Adjustment 19 - Tax expenses for the year 58 27       Estimated Chargeable Income before deducting Exempt Amount 969 1,023 Taxation at statutory tax rate @ 17% 165 174 Tax expense for the Year 223 201   5. Earnings per share Basic and diluted earnings per share is calculated by dividing the profit attributable to owners of Dotlines International Limited by the weighted average number of ordinary shares in issue during the period. Continuing operations Year ended Year ended 31 December 31 December 2025 2024 Profit for the year attributable to owners of the parent - £ 839,823 797,195 Weighted average number of shares 8,000,000 3,758 Basic & diluted earnings per share - £ 0.11 212.13     6. Trade and other receivables   Year ended Year ended Due in one year 31 December 31 December   2025 2024 £'000 £'000 Trade receivables 2,770 556 Amounts owed by related parties 108 1,294 2,878 1,850 7. Trade and other payables   Year ended Year ended   31 December 31 December   2025 2024   £'000 £'000   Trade payables 3,117 1,363 Total 3,117 1,363   8. Borrowings   Year ended Year ended   31 December 31 December   2025 2024   £'000 £'000 Unsecured Third party unsecured loan 127 161 Total 127 161 * The balance relates to an unsecured loan facility from a body corporate which remained outstanding at the year end. The facility carries a fixed service fee of 12%. The facility remained outstanding at the reporting date under an extension arrangement agreed with the lender. 9. Other financial liabilities   Year ended Year ended   31 December 31 December   2025 2024   £'000 £'000 Dividend Payable (Current) 1,264 1,671 Other Financial Liabilities 26 34 Total 1,290 1,705 10. Other financial assets   Year ended Year ended   31 December 31 December   2025 2024   £'000 £'000 Loan and advances to related parties * 2,518 3,265 Security deposits 34 34 Other current assets 56 147 2,608 3,446 Current 2,608 3,443 Non-current - 3   2,608 3,446 * The Dotlines International group has given 3% interest bearing loan to its related party which is repayable on demand. 11. Other non-financial assets Year ended Year ended 31 December 31 December 2025 2024 £'000 £'000 Advance to vendor 1,755 400   1,755 400   Current 1,755 400 Non-current - -   1,755 400 * Advances have been provided to related parties towards the development and implementation of a software platform. These advances will be adjusted against the technical know-how/royalty expense to be incurred towards use of the software platform. 12. Events after the reporting period On 11 May 2026, as part of the wider Dotlines / Ikigai transaction and AIM admission, Dotlines Global Limited became the Company's person with significant control. On the same date, Dotlines Global Limited commenced trading on AIM under the ticker DOTL. Subsequent to the reporting date, intercompany balances between Audra Solutions Limited and Dotlines International Limited as well as loans advanced by the founder Mr Mahbubul Matin, and dividends payable were eliminated on consolidation and accordingly do not represent liabilities of the consolidated group. The directors have assessed this as a non-adjusting post balance sheet event and no adjustment has been made to these financial statements.     Results of Audra Solutions Limited   Audra Solutions Limited Statement of Financial Performance Period ended 31 December 2025   Un-Audited     17-month period ended  31 December 2025 Un-Audited 12-month period ended 31 July 2024         Notes £ £     Revenue 3 104,010 9,995   Cost of goods (15,812) -   Gross profit 88,198 9,995   Other income 119,920 -   Administrative expenses (1,120,163) (431,034)   Operating loss (912,045) (421,039)   Finance costs (47,518) -   Loss before taxation (959,563) (421,039)   Taxation - -   Loss from continuing operations (959,563)    (421,039)   Loss for the year 4 (959,563) (421,039)   Other comprehensive income   - -   Total comprehensive loss for the year   (959,563) (421,039)         Loss per share     Un-Audited 17-month period ended Un-Audited 12-month period ended 31 December  31 July 2025 2024 pence pence   Basic and diluted loss per share 5 (3,296) (421,039)   Audra Solutions Limited Statement of Financial Position As at 31 December 2025   Un-Audited     As at  31 December 2025 Un-Audited As at 31 July 2024   Notes £ £ Assets Non-current assets Property, plant and equipment 11,328 9,811 Intangible assets 2,692,271 1,435,322 Total non-current assets 2,703,599 1,445,133 Current assets Inventory 158,061 - Trade and other receivables 6 300,771 38,669 Cash and cash equivalents 21,048 11,943 Total current assets 479,881 50,612 Total assets 3,183,480 1,495,745 Liabilities Current liabilities Trade and other payables 7 730,015 79,373 Borrowings 8 3,829,854 1,843,100 Total current liabilities 4,559,870 1,922,473       Net liabilities (1,376,390) (426,728) Capital and reserves Ordinary Share capital 10,000 100 Accumulated losses (1,386,390) (426,827) Equity shareholders' funds (1,376,390) (426,727)   Audra Solutions Limited Statement of Cash Flows Period ended 31 December 2025   Un-Audited     17-month period ended  31 December 2025 Un-Audited 12-month period ended 31 July 2024 £ £ Cash flows from operating activities Loss before tax (959,563) (421,039) Adjustments for:       Depreciation 4,863 1,042 Amortisation 176,502 94,565 Net finance costs 47,518 - Taxation - - Operating cash flow before changes in working capital (730,680) (325,433) Changes in inventory (158,061) - Changes in trade and other receivables (262,102) 40,136 Change in trade and other payables 650,642 (251,261) Net cash flow from operations (500,201) (536,558) Cash flow from investing activities Purchase of intangibles (1,433,451) (1,210,602) Purchase of property, plant and equipment (6,380) (10,853) Net cash flow from investing activities (1,439,831) (1,221,455) Cash flow from financing activities Proceeds from issue of share capital 9,900 - Receipt of loans 1,939,237 1,747,765 Net cash flow from financing activities 1,949,137 1,747,765   Net change in cash and cash equivalents 9,105 (10,248) Opening cash and cash equivalents 11,943 22,191 Closing cash and cash equivalents 21,048 11,943   Audra Solutions Limited Statement of Changes in Equity Period ended 31 December 2025     Share capital Retained Earnings Total Equity   £ £ £         At 13 October 2022 - - - Issue of share capital 100 - 100   Loss for the period   - (5,788) (5,788) At 31 October 2023 100 (5,788) (5,688) At 1 November 2023 100 (5,788) (5,688)   Loss for the period - (421,039) (421,039) At 31 July 2024 100 (426,827) (426,727) At 1 August 2024 100 (426,827) (426,727) Subdivision of shares - - - Issue of shares during the period 9,900 - 9,900 Loss for the period - (959,563) (959,563) At 31 December 2025 10,000 (1,386,390) (1,376,390)   Audra Solutions Limited Selected notes to the Financial Statements (the full set of notes are available in the annual report and accounts) Period ended 31 December 2025   1. General information Audra Solutions Limited is a limited company ("Company") incorporated in the United Kingdom under the Companies Act 2006 (registration number 14416796). The Company is domiciled in the United Kingdom and its registered address is 106 Baker Street, 1 st Floor Office, London, England, W1U 6TW. The Company's principal activities are the provision of cybersecurity and information technology services. 2. Accounting policies Basis of preparation The Financial Statements presents the financial results and financial position of Audra Solutions Limited for the period ended 31 July 2024 and the period ended 31 December 2025. The Company had a long period of account in the period ending 31 October 2023 due to the Company being incorporated on 13 th October 2022. Management then decided to change the year end to July 2024 instead of October 2024 to align the period end with the anticipated reporting dates for future periods, however following the completion of the acquisition by Ikigai Ventures Limited subsequent to period end, the consolidated group's year end will be 31 December, hence the preparation of these financial statements to the period ended 31 December 2025. The Financial Statements have been prepared on a going concern basis and has been prepared under International Financial Reporting Standards and Interpretations as adopted by the UK (collectively IFRSs) ("IFRS") and International Financial Reporting Interpretations Committee ("IFRIC") interpretations as adopted by the UK- adopted IFRS. The Financial Statements are presented in GBP, which is also the Company's functional currency and amounts are rounded to the nearest pound, unless otherwise stated. The principal accounting policies that have been applied to the Financial Statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated. Going concern For the period ended 31 December 2025, the Company incurred a loss of £ 959,563 (period ending 31 July 2024: loss £421,039) and had net current liabilities of £1,376,390 as at that date. The Company's cash and cash equivalents amounted to £21,048 as at 31 December 2025. The Directors have made an assessment of the Company's ability to continue as a going concern and is satisfied that the Company has the resources and ongoing support from the Parent and the Group to continue in business for the foreseeable future. The Directors are confident support from companies under common control will be provided in the form of interest free loans. Support is expected to be provided for at least 12 months from the date of admission, although this is not legally binding. The directors believe the amount of support available will be adequate for the Company to satisfy its liabilities as they fall due for at least the next 12 months from the date of admission. Furthermore, the Directors are not aware of any material uncertainties that may cast significant doubt upon the Company's ability to continue as a going concern. 3. Revenue from contracts with customers All of the revenue arises in the United Kingdom and are considered to arise from cybersecurity and information technology services. The revenue is recognised at a point in time in accordance with the accounting policy noted earlier. There are no contract assets in the statement of financial position at each reporting date and liabilities in the statement of financial position at each reporting date relate to deferred income recognised.   Period ended Period ended 31 December 31 July   2025 2024 £ £ Catena Sales 65,654 - Carnival Sales 7,455 - Audra Sales 30,900 9,995 104,010 9,995   4. Loss for the year Total comprehensive income for the year is stated after charging: Period ended Period ended 31 December 31 July   2025 2024 £ £ Depreciation of property, plant and equipment 4,863 1,042 Amortisation of IP 176,502 94,565 Foreign exchange (gains)/losses (208) - 181,157 95,607   5. Loss per share Basic and diluted loss per share is calculated by dividing the loss attributable to owners of the Company by the weighted average number of ordinary shares in issue during the period detailed. Continuing operations    Period ended 31 December Period ended 31 July 2025 2024   Loss for the period/year ( 959,563 ) ( 421,039) Weighted average number of shares   29,111 100 Basic and diluted earnings per share - pence (3,296) (421,039) 6. Trade and other receivables Due in one year  As at 31 December 2025 As at 31 July 2024 £ £ Trade receivables 89,380 4,460 Amounts owed by related parties 167,110 16,350 Other receivables - 2,859 Prepayments 44,281 15,000   300,771 38,669     7. Trade and other payables   Amounts due in under one year:                                              31 December 31 July 2025 2024 £ £ Bank overdraft 6,616 - Trade payables 239,737 14,071 Other taxes and social security 481,662 30,977 Other creditors - 6,750 Accruals and deferred income 2,000 27,575   730,015 79,373   8. Borrowings   Amounts due in under 1 year:   31 December 31 July 2025  2024 £ £ Loans from directors 586,146 55,773 Loans from related parties 3,211,891 1,787,327 Other loans 31,817 - 3,829,854 1,843,100 The loans from directors are unsecured, interest free and repayable on demand. Loans from related parties are interest free and repayable on demand. Other loans bear an interest rate of 5.15% per calendar month.   9. Related Party Transactions Key management compensation is shown in the full annual report and accounts. There were no other key management personnel other the Directors. The loans made from the Directors and other related parties are detailed below: 31 December 31 July 2025 2024 £ £ Loans from Directors (586,146) (55,773) Loans from related parties (3,211,891) (1,787,327) Loans to related parties 167,110 16,350   Above balances are the outstanding balances at each reporting date. The loan terms are detailed in note 8. Loans from related parties and loans to related parties are non-interest bearing and repayable upon demand. 10. Events after the reporting period On 11 May 2026, as part of the wider Dotlines / Ikigai transaction and AIM admission, Dotlines Global Limited became the Company's person with significant control. On the same date, Dotlines Global Limited commenced trading on AIM under the ticker DOTL. Subsequent to the reporting date, intercompany balances between Audra Solutions Limited and Dotlines International Limited as well as loans advanced by the founder Mr Mahbubul Matin, and dividends payable were eliminated on consolidation and accordingly do not represent liabilities of the consolidated group. The directors have assessed this as a non-adjusting post balance sheet event and no adjustment has been made to these financial statements.      

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