Business
Interim Results
For the six months ended June 30, 2025, Fenikso Limited reported a profit of $1.58 million. The company's net assets at the end of the reporting period were $21.7 million, with cash balances of $975,000. Payments received under the LOGI Loan as of June 30, 2025, amounted to $1.648 million. The company is focused on repaying the Savanah Energy Investments Limited loan before the end of 2025, with an outstanding balance of $11.525 million settled for $5.763 million, with total payments in the period amounting to $3.37 million. Trade and other receivables due within one year were $4.424 million, and those due after one year were $17.895 million. Trade and other payables due within one year were $2.791 million. Disclaimer*
About this update from Fenikso Ltd
25 September 2025 Fenikso Limited ("Fenikso" or "the Company") Interim Results Fenikso Limited (AQSE: FNK) is pleased to announce its unaudited interim results (the "Interim Report") for the six months ended 30 June 2025 (the "Reporting Period"). For further information, please visit https://feniksoplc.com/ or contact: Fenikso Limited Thomas Richardson, Chairman [email protected] First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser) Brian Stockbridge +44 20 3855 5551 The Directors of Fenikso accept responsibility for this announcement. FINANCIAL REVIEW Financial overview and performance The Company reported a profit of $1,580,000 for the six month period ended 30 June 2025. Net assets of the Company at the end of the Reporting Period were $21.7 million. Cash balances as at the end of the Reporting Period were $975,000. OPERATIONS REPORT AND ASSET SUMMARY The principal business of the Company is to manage the existing proceeds and future recovery of the entire LOGI Loan. The Company has received payments under the LOGI Loan as at the end of 30 June 2025 amounting to $1,648,002. The Board will continue to monitor the compliance with the terms and conditions of the LOGI Loan. As at the end of June 2025 LOGI had complied with all conditions of the Settlement Deed save for the cancellation of 1,215,210 shares in the Company owned by Lekoil Nigeria, Lekan Akinyami and Samuel Olutu. OUTLOOK The Company is focused on repaying the entire Savanah Energy Investments Limited loan ("SEIL") ("SEIL Loan") in accordance with the renegotiated terms of the SEIL Loan announced on 25 April 2025, before the end of 2025 such that the Company will have no liabilities whatsoever and will then receive 100% of the cash flows received from LOGI going forward. Statement of Comprehensive Income For the six months ended 30 June 2025 Unaudited Unaudited Audited 30 June 30 June 31 December 2025 2024 2024 $000 $000 $000 OTHER OPERATING INCOME Cost of sales - - - Gross (loss) - - - Fair value adjust...