Business
Truetide : Half-Yearly Report 2025
Truetide : Half-Yearly Report
About this update from Truetide Plc
Truetide plc Half-Yearly Report 2025 HIGHLIGHTS Profit of £129,000 in the six months ended 30 September 2025 (six months ended 30 September 2024: £43,000), profit per share of 0.16p. Net Asset Value ("NAV") of £2,753,022 at 30 September 2025 (30 September 2024: £3,458,298), NAV per share of 3.51p. Post period name change to Truetide plc from Braveheart Investment Group plc. Overview Key points Chief Executive Officer's statement Interim Financial Statements and Notes Condensed consolidated statement of comprehensive income Condensed consolidated statement of financial position Condensed consolidated statement of cash flows Condensed consolidated statement of changes in equity Notes to the Interim Financial Statements 14 Company information Disclaimer This half-yearly report contains certain forward-looking statements, which reflect the knowledge of, and information available to, the directors at the date of preparation of this half-yearly report. By their nature, these statements involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future and there are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. We are pleased to report to shareholders the results for the six months ended 30 September 2025. Progress has continued in activities of the Group's portfolio companies and summaries of their operations follow later in this report. Financial Review The Directors have undertaken an unaudited interim review of the valuations of the Group's investments and have concluded that, as at 30 September 2025, the fair value of the Group's investments were as follows: Valuation of Portfolio Investments: £0 (31 March 2024: £39,000)* Valuation of unconsolidated Strategic Investments: £2,543,000 (31 March 2025: £2,271,000)** * these are the historic investments made by Truetide plc up to 2015 ** these are the new investments made by Truetide plc since 2015 Therefore, the total unaudited value of our unconsolidated investment portfolio as at 30 September 2025 is £2,543,000 (31 March 2025: £2,271,000). As at 30 September 2024, the comparable total valuation of our investments was £2,349,000. The net asset value ("NAV") of the Company was £2.7 million as at 30 September 2025 (30 September 2024: £3.4 mill...