Business
Half-year Report
Half-year Report.
About this update from Catenai Plc
30 September 2025 Catenai PLC ("Catenai", the "Company") Half Year Results Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, announces its half-yearly report for the six months ended 30 June 2025. Financial overview ● Loss of £221,308 in the period under review (H1 2024: £12,778) with revenues of £7,600 (H1 2024: £124,500). ● Net asset position £1,016,661 (H1 2024: £566,764). ● Cash position of £94,092 as at 30 June 2025 (H1 2024: £4,759). ● In July 2025, the Company completed a fundraise raising gross proceeds of £1.6m. The Company continues to service its customer in the sports sector. On 11 April 2025, the Company announced that it had identified an opportunity to invest in Alludium Ltd ("Alludium"), a cutting-edge AI company. Following a fundraise, an initial investment of £500,000 was made into Alludium. On 26 June 2025, the Company announced a fundraising and launch of a Bitcoin-focused treasury policy together with a proposed £450,000 additional investment in Alludium. On 30 June 2025, the Company announced that Klarian Ltd had extended its loan repayment with new terms depending on when repayment is made. Post period end The second investment of £450,000 into Alludium was completed on 17 July 2025. The foundations for our Bitcoin focused treasury function were announced on 28 July 2025 and a second institutional custodian is being onboarded. Market and regulatory conditions are being monitored. Our investment in Alludium continues to demonstrate strong momentum as they pioneer the no-code AI agent workforce category. Since their announcement in May 2025, Alludium has achieved significant key product milestones and we look forward to the product being available to their public waitlist later next month. Their differentiated approach-creating AI agents that work together in teams, alongside humans, that autonomously execute tasks rather than just chat-has resonated strongly with early design partners. The controlled rollout strategy is progressing well, with the platform transitioning from alpha to public release in October 2025. With strategic positioning at major technology industry events in Q4 including SAASstock, WebSummit Lisbon, and Slush, Alludium is well-positioned to capture significant value in the rapidly expanding autonomous AI market, addressing the critical gap between conversational AI and true task automation. Klarian have advised the Company that they expect to repay the loan in full before 31 December 2025 in accordance with the revised terms announced on 30 June 2025 and so an extension fee of £56,750 will be due and recognised in the annual results to 31 December 2025. John Farthing, Interim CEO, commented: "We look forward to the launch of Alludium's platform which is timely given the strong endorsement of AI by the UK Government." This announcement contains inside information for the purposes of the UK Market Abuse Regulation. The person who arranged for release of this announcement on behalf of the Company was John Farthing, Interim Chief Executive Officer of the Company and the Directors of the Company are responsible for the release of this announcement. For further information please contact: Catenai PLC +44 (0)20 7183 8666 John Farthing, Interim Chief Executive Officer Cairn Financial Advisers LLP (Nominated Adviser) +44(0)20 7213 0880 Liam Murray / Ludovico Lazzaretti / James Western Shard Capital Partners LLP (Broker) +44 (0)20 7186 9952 Damon Heath Notes to Editors: About Catenai PLC Catenai is an AIM quoted provider of digital media and technology services. The Company has an experienced IT team of project managers and integrators who have deployed systems across corporate, government and educational sectors. www.catenaiplc.com Statement of Comprehensive Income For the Period Ended 30 June 2025 Unaudited six months ended 30 June 2025 £ Unaudited six months ended 30 June 2024 £ Audited year ended 31 December 2024 £ Revenue 7,600 124,500 131,500 Cost of sales - - - Gross profit 7,600 124,500 131,500 Administrative expenses (228,994) (137,278) (262,679) Loss from operations (221,394) (12,778) (131,179) Net Finance income 86 - 3005 Loss before taxation (221,308) (12,778) (128,174) Taxation - - - Total comprehensive loss for the period (221,308) (12,778) (128,174) Statement of Financial Position For the Period Ended 30 June 2025 Unaudited six months ended 30 June 2025 £ Unaudited six months ended 30 June 2024 £ Audited year ended 31 December 2024 £ Non-current assets Intangible assets Investment 1 500,000 1 - 1 - 500,001 1 1 Current assets Trade and other receivables 676,254 627,205 578,321 Cash and cash equivalents 94,092 4,759 477 770,346 631,964 578,798 Current liabilities Trade and other payables (213,686) (65,201) (174,230) Loans and borrowings (40,000) - (253,686) (65,201) (174,230) Non-current liabilities Interest-bearing loans - - - Total Liabilities (253,686) (65,201) (174,230) Net Assets 1,016,661 566,764 404,568 Capital and reserves attributable to equity holders of the company Ordinary share capital 96,329 789,149 789,149 Deferred share capital 4,387,684 3,615,192 3,615,192 Share premium account 20,709,953 20,003,024 19,956,224 Share reserve (83,333) (83,333) (83,333) Merger reserve 11,119,585 11,119,585 11,119,585 Capital Redemption Reserve 2,732,904 2,732,904 2,732,904 Retained losses (37,946,461) (37,609,757) (37,725,153) Total Equity 1,016,661 566,764 404,568 Statement of Cash Flows For the Period Ended 30 June 2025 Unaudited six months ended 30 June 2025 £ Unaudited six months ended 30 June 2024 £ Audited year ended 31 Dec 2024 £ Loss for the period (221,308) (12,778) (128,174) Adjustments for : Services settled by the issue of shares 88,400 - - Net cash outflow before changes in working capital (132,908) (12,778) (128,174) (Increase) / decrease in trade and other receivables (97,933) (109,914) (561,029) (Decrease) / increase in trade and other payables 39,456 (93,734) 15,295 Cash from operations (191,385) (216,426) (673,908) Financing Activities Issue of ordinary share capital Share issue costs 786,000 (41,000) 670,000 - 720,000 (46,800) Issue of CLN - (450,000) - New loans raised Investment 40,000 (500,000) - - - - Net cash flows from financing activities 285,000 220,000 673,200 Net increase / (decrease) in cash 93,615 3,574 (708) Cash and cash equivalents at beginning of period 477 1,185 1,185 Cash and cash equivalents at end of period 94,092 4,759 477 Caution regarding forward looking statements Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.