REG-Alina Holdings PLC Alina Holdings PLC: 2025 Interim Results
Mon 07:45
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Alina Holdings PLC (ALNA)
Alina Holdings PLC: 2025 Interim Results
29-Sep-2025 / 07:30 GMT/BST
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Alina Holdings PLC
Alina Holdings PLC
(Reuters: ALNA.L, Bloomberg: ALNA:LN)
("Alina" or the "Company")
Interim Results for the period ended 30 June 2025
The Company is pleased to announce its results for the six months ended 30
June 2025. The interim results have been submitted to the FCA and will
shortly be available on the Company’s website: 1 www.alina-holdings.com
Highlights for the 6 months ended 30 June 2025
GROUP RESULTS 1H 2025 versus 1H 2024
Group Net Profit / (Loss) for the period - £000 (£264) vs £348
Group Earnings / (Loss) Per Share (both basic and (1.16p) vs 1.53p
diluted)*1
Reported Book value per share*2 19.3p vs 23.4p
Net Cash - £000 £516 vs £1,415
Available for sale financial assets - £000 £1,683 vs £1,675
*1 based on weighted average number of shares in issue of 22,697,397
(1H24: 22,697,397)
*2 based on actual number of shares in issue as at 30 June 2025 of
22,697,397
Chairman’s Statement
Summary of key political economic and stock market events year to date
The year to date (January to August 2025) has seen major political
changes, economic shifts, and volatile stock market activity influenced by
elections, trade policy, central bank maneuvers, and regional conflicts.
Key Political Events
• U.S. Presidential Transition: Donald Trump was inaugurated as the 47th
U.S. President on January 20, reigniting the “America First” agenda,
shifting global alliances, and sparking major protests across the U.S.
• Major Elections Worldwide: 2025 saw pivotal elections in Australia,
Singapore, South Korea, Romania, Poland, Japan, and other key nations,
altering domestic and regional policy direction.
• European Security and Ukraine: The Trump administration proposed a
controversial peace plan for Ukraine, with discussions of territorial
concessions and reduced NATO involvement; peace talks with Russia
moved forward under this new U.S. stance.
• Leadership Changes and Early Elections: High-profile resignations
(such as Justin Trudeau in Canada), parliamentary dissolutions, and
early elections across Europe and the Asia-Pacific increased political
uncertainty.
• Ongoing Geopolitical Tensions: Challenges around Israel-Hamas, the
South China Sea, and U.S.-China rivalry persisted, with summits and
international conferences such as the AI Action Summit and Munich
Security Conference focusing on global security and technology risks.
Economic Headlines
• Trade Policy and Tariffs: The new U.S. administration negotiated new
deals with Vietnam, Japan, and the EU, imposing tariffs that are
higher than pre-2025 rates but lower than feared. Uncertainty around
tariffs on Canada and the EU contributed to volatility, though markets
were initially relieved by avoidance of an all-out trade war.
• Central Bank Policy: U.S. Federal Reserve Chair Jerome Powell signaled
a likely interest rate cut in September (down from 4.25% to 4.5%),
responding to persistent inflation and a softening labor market. This
boosted equity and bond markets in August.
• Inflation and Labor Markets: Inflation remains stubbornly above 2% in
the U.S. and is expected to rise modestly before stabilizing. The U.S.
unemployment rate has nudged up to 4.2%, with both supply and demand
for labor weakening.
Stock Market Developments
• Market Performance: Global developed market equities rose 1.3% in
July, setting new all-time highs. Cyclical and tech stocks led early
gains, while large-cap and rate-sensitive sectors surged after dovish
Fed comments in August.
• Sector Highlights: Real estate, industrials, and consumer
discretionary stocks rallied post-Fed policy signals, with U.S.
mega-caps posting strong earnings. However, the Nasdaq weakened in
late August amid concerns over AI infrastructure spending.
• Bond Yields and Rate Cut Expectations: U.S. bond yields fell after the
Jackson Hole summit, reflecting increased expectations for multiple
rate cuts by year end.
Ongoing Risks & Flashpoints
• Protests and Domestic Unrest: Intense protests in the U.S. over
immigration, climate, and civil rights followed the political shift,
while other countries, such as Kenya and Germany, saw social dissent
and government changes.
• Regional Conflicts and Anniversaries: Continued conflict in Gaza,
Russian activity in Ukraine, and expected flashpoints like the
Israel-Hamas War anniversary keep geopolitical risk elevated.
Conclusion, 2025 has been defined by political realignment, moderate
economic growth countered by inflation, active central bank intervention,
and a stock market marked by both record highs and high uncertainty.
Operations
Real Estate
Hastings
As previously mentioned, the Company’s Hastings property has now been
internally sanitised and we are actively seeking a new cornerstone tenant.
I am pleased to report that we have finally reached (at this stage verbal)
settlement terms with a former tenant that vacated the premises without
fulfilling their contractual obligations to return the property ‘fully
repaired’, and in the condition they had received it.
Bristol
I am also pleased to report that we have received initial purchase offers
for the Company’s Bristol property on competitive terms. We will keep the
Market informed upon sale completion, which we anticipate could happen
within the next couple of months.
Miscellaneous
The Company now owns 6.6 million shares of Thalassa Holdings and has
committed to purchase more from the proceeds of future property sales.
These shares will in due course be distributed, partially or in full, to
shareholders on a pro-rata basis.
Duncan Soukup
Chairman
Alina Holdings plc
26 September 2025
Financial Review
Total income for the 1H 2025 period was £121k (1H 2024: £503k).
Gross Rental Income declined by 6% to £109k from £116k as at 30 June 2024
due to the sale of Stafford in October 2024.
Cost of sales increased from £21k to £91k, driven by a service charge
credit of £132k at Hastings within Property operating expenses in 1H24.
The credit related to service charges at vacant units for required work
which had been invoiced in 2022 and 2023. As the work has not yet been
done, the property management company had to refund this to units that had
paid, including Nos 4 Limited’s vacant units.
During the period under review Book Value decreased 5.9% to 19.3p/shr from
20.5p/shr as at 31 December 2024.
Responsibility Statement
We confirm that to the best of our knowledge:
a. the condensed set of financial statements has been prepared in
accordance with IAS 34 ‘Interim Financial Reporting’ and gives a true
and fair view of the assets, liabilities, financial position and
profit or loss of the Company and the undertakings included in the
consolidation as a whole as required by DTR 4.2.4 R;
b. the interim management report includes a fair review of the
information required by DTR 4.2.7R (indication of important events
during the first six months and description of principal risks and
uncertainties for the remaining six months of the year); and
c. the interim management report includes a fair review of the
information required by DTR 4.2.8R (disclosure of related parties’
transactions and changes therein).
Cautionary statement
This Interim Management Report (IMR) has been prepared solely to provide
additional information to shareholders to assess the Company’s strategies
and the potential for those strategies to succeed. The IMR should not be
relied on by any other party or for any other purpose.
Duncan Soukup
Chairman
Alina Holdings plc
26 September 2025
Interim Condensed Consolidated Statement of Income
For the six months ended 30 June 2025
Six months Six months Year
ended ended ended
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
Note £'000 £'000 £'000
Gross rental income 109 116 232
Net gains/(losses) on investments 45 375 46
at fair value
Interest income 11 12 30
Dividend income - 3 10
Profit/(Loss) on disposal of - - 2
investment properties
Currency losses (44) (3) 1
Total Income 121 503 321
Property operating expenses (89) (14) (139)
Financial holdings expenses (2) (7) (10)
Total Cost of Sales (91) (21) (149)
Gross profit 30 482 172
Administrative expenses including (282) (321) (693)
non-recurring items
Gain from change in fair value of - 200 200
investment properties
Operating loss before net financing (252) 361 (321)
costs
Depreciation (1) (2) (3)
Net financial income/(expense) (11) (11) (22)
Share of profits/(losses) of - - 19
associated entities
Loss before tax (264) 348 (327)
Taxation - - -
Profit/(loss) for the year from (264) 348 (327)
continuing operations
Attributable to:
Equity shareholders of the parent (264) 348 (327)
(264) 348 (327)
Earnings per share - GBP- pence
(using weighted average number of
shares)
Basic and Diluted 3 (1.16) 1.53 (1.44)
The notes on pages 14 to 17 form an integral part of this consolidated
interim financial information.
Interim Condensed Consolidated Statement of Comprehensive Income
For the six months ended 30 June 2025
Six months Six months Year
ended ended ended
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
£'000 £'000 £'000
Profit/(loss) for the financial year (264) 348 (327)
Total comprehensive income (264) 348 (327)
Attributable to:
Equity shareholders of the parent (264) 348 (327)
Total Comprehensive income (264) 348 (327)
The notes on pages 14 to 17 form an integral part of this consolidated
interim financial information
Interim Condensed Consolidated Statement of Financial Position
As at 30 June 2025
As at As at As at
30 Jun 25 30 Jun 24 31 Dec 24
Note Unaudited Unaudited Audited
Assets £'000 £'000 £'000
Non-current assets
Investment properties 4 315 2,569 317
Investments in associated entities 36 17 1,686
Total non-current assets 351 2,586 2,003
Current assets
Trade and other receivables 382 423 353
Investments at fair value through 5 1,683 1,675 -
profit and loss
Investment properties held for sale 2,238 130 2,238
Cash and cash equivalents 516 1,415 850
Total current assets 4,819 3,643 3,441
Total assets 5,170 6,229 5,444
Liabilities
Current liabilities
Trade and other payables 477 584 487
Total current liabilities 477 584 487
Finance lease liabilities 6 310 323 310
Total non-current liabilities 310 323 310
Total liabilities 787 907 797
Net assets 4,383 5,322 4,647
Shareholders’ Equity
Share capital 9 319 319 319
Capital redemption reserve 598 598 598
Retained earnings 3,466 4,405 3,730
Total shareholders' equity 4,383 5,322 4,647
Total equity 4,383 5,322 4,647
The notes on pages 14 to 17 form an integral part of this consolidated
interim financial information.
These financial statements were approved by the board on 26 September
2025.
Signed on behalf of the board by:
Duncan Soukup
Interim Condensed Consolidated Statement of Cash Flows
For the six months ended 30 June 2025
As at As at As at
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
£'000 £'000 £'000
Cash flows from operating activities
Profit/(Loss) for the year before (252) 361 (321)
financing
Gain from change in fair value of - (200) (200)
investment properties
Finance costs 32 (11) -
Disposals - - 1
(Profit)/Loss from change in fair value - - (14)
of head leases
(Profit)/Loss on disposal of investment - - (2)
properties
Decrease/(Increase) in trade and other (29) (56) 13
receivables
(Decrease)/Increase in trade and other (10) (134) (229)
payables
Gain/(loss) on foreign exchange (44) (3) 2
Lease liability interest (11) (11) (23)
Depreciation 2 2 3
Fair value movement on portfolio (33) 198 -
investments
(Profit)/Loss from change in fair value of (12) (573) (43)
investments held for sale
Cash generated by operations (357) (427) (813)
Taxation - - -
Net cash flow from operating activities (357) (427) (813)
Net (purchase)/sale of portfolio 12 713 2,056
investments
Net (purchase)/sale of associate - - (1,650)
investments
Net Proceeds from sale of investment - - 132
properties
Net cash flow in investing activities 12 713 538
Cash flows from financing activities
Interest received 11 12 -
(Increase)/reduction on head lease - - 8
liabilities
Net cash flow from financing activities 11 12 8
Net increase in cash and cash equivalents (334) 298 (267)
Cash and cash equivalents at the start of 850 1,117 1,117
the year
Cash and cash equivalents at the end of 516 1,415 850
the year
The notes on pages 14 to 17 form an integral part of this consolidated
interim financial information.
Interim Condensed Consolidated Statement of Changes in Equity
For the six months ended 30 June 2025
Capital
Share redemption Retained
Capital reserve Earnings Total
£'000 £'000 £'000 £'000
Balance as at 31 December 2023 319 598 4,057 4,974
Total comprehensive income for the year - - 348 348
Balance as at 30 June 2024 319 598 4,405 5,322
Total comprehensive income for the year - - (675) (675)
Balance as at 31 December 2024 319 598 3,730 4,647
Total comprehensive income for the year - - (264) (264)
Balance as at 30 June 2025 319 598 3,466 4,383
The notes on pages 14 to 17 form an integral part of this consolidated
interim financial information.
Notes to the Interim Condensed Consolidated Financial Information
1. General information
Alina Holdings PLC (“Alina” or the “Company”) is a company registered on
the Main Market of the London Stock Exchange.
2. Significant Accounting policies
The Group prepares its accounts in accordance with applicable UK Adopted
International Accounting Standards (IFRSs).
The accounting policies applied by the Company in this unaudited
consolidated interim financial information are the same as those applied
by the Company in its consolidated financial statements as at and for the
period ended 31 December 2024 except as detailed below.
The financial information has been prepared under the historical cost
convention, as modified by the accounting standard for financial
instruments at fair value.
Estimates
There are no changes to the estimates since last reporting period.
Segmental reporting
IFRS 8 requires operating segments to be identified on the basis of
internal reports that are regularly reported to the chief operating
decision maker to allocate resources to the segments and to assess their
performance. The Group’s reportable segments under IFRS 8 are: a
portfolio of UK property; and other investment assets, which are reported
to the Board of directors on a quarterly basis. The Board of directors is
considered to be the chief operating decision maker.
2.1. Basis of preparation
The condensed consolidated interim financial information for the six
months ended 30 June 2025 has been prepared in accordance with
International Accounting Standard No. 34, ‘Interim Financial Reporting’.
They do not include all of the information required for full annual
financial statements and should be read in conjunction with the
consolidated financial statements of the Company as at and for the year
ended 31 December 2024. Prior year comparatives have been reclassified to
conform to current year presentation.
These condensed interim financial statements for the six months ended 30
June 2025 and 30 June 2024 are unaudited and do not constitute full
accounts. The comparative figures for the period ended 31 December 2024
are extracted from the 2024 audited financial statements. The independent
auditor’s report on the 2024 financial statements was not qualified.
All intra-group transactions, balances, income and expenses are eliminated
in full on consolidation.
2.2. Going concern
The financial information has been prepared on the going concern basis as
management consider that the Group has sufficient cash to fund its current
commitments for the foreseeable future.
3. Earnings per share
Six months Six months Year
ended ended ended
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
The calculation of earnings per share is
based on the following loss and number of
shares:
Profit/(loss) for the period (£'000) (264) 348 (327)
Weighted average number of shares of the 22,697 22,697 22,697
Company ('000)
Earnings per share:
Basic and Diluted (GBP - pence) (1.16) 1.53 (1.44)
Number of shares outstanding at the 22,697,397 22,697,397 22,697,397
period end:
Notes to the Interim Condensed Consolidated Financial Information
Continued
4. Investment Properties
Leasehold Investment
Investment Properties
Properties Held for sale Total
£000 £000 £000
At 31 December 2023 2,371 130 2,501
Depreciation - head leases (2) - (2)
Fair value adjustment - property 200 - 200
At 30 June 2024 2,569 130 2,699
Depreciation - head leases (1) - (1)
Sale of property (13) (130) (143)
Reclassification of property held for (2,238) 2,238 -
sale
At 31 December 2024 317 2,238 2,555
Depreciation - head leases (2) - (2)
At 30 June 2025 315 2,238 2,553
As at As at As at
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
£000 £000 £000
Portfolio valuation - 2,238 2,238
Investment Properties held for sale - - (2,238)
Head leases treated as investment properties 315 331 317
per IFRS 16
Total per Balance Sheet 315 2,569 317
5. Investment Holdings
The Group classifies the following financial assets at fair value through
profit or loss (FVPL):
Equity investments that are held for trading
As at As at As at
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
£000 £000 £000
Securities investments
At the beginning of the period - 2,013 2,013
Additions 11 848 1,021
Reclassification of associate 1,650 - -
Unrealised gain/(losses) 42 371 43
Disposals (20) (1,557) (3,077)
1,683 1,675 -
The reclassification is from investment in associates, as referred to in
the “Miscellaneous” section of the Chairman’s Report.
Investments have been valued incorporating Level 1 inputs in accordance
with IFRS7. They are a combination of cash and securities held with the
listed broker.
Financial instruments require classification of fair value as determined
by reference to the source of inputs used to derive the fair value. This
classification uses the following three-level hierarchy:
Level 1 — quoted prices (unadjusted) in active markets for identical
assets or liabilities;
Level 2 — inputs other than quoted prices included within level 1 that are
observable for the asset or liability, either directly (i.e., as prices)
or indirectly (i.e., derived from prices);
Level 3 — inputs for the asset or liability that are not based on
observable market data (unobservable inputs).
Notes to the Interim Condensed Consolidated Financial Information
Continued
6. Lease liabilities
Finance lease liabilities on head rents are Minimum
payable as follows: Lease
Payment Interest Principal
£000 £000 £000
At 30 June 2024 2,973 (2,626) 347
Movement in value (11) 11 -
Sale of property - lease disposal (83) 68 (15)
At 31 December 2024 2,879 (2,547) 332
Movement in value (11) 11 -
At 30 June 2025 2,868 (2,536) 332
Short term liabilities 23 - 23
Long term liabilities 2,950 (2,626) 324
At 30 June 2024 2,973 (2,626) 347
Short term liabilities 22 - 22
Long term liabilities 2,857 (2,547) 310
At 31 December 2024 2,879 (2,547) 332
Short term liabilities 22 - 22
Long term liabilities 2,846 (2,536) 310
At 30 June 2025 2,868 (2,536) 332
In the above table, interest represents the difference between the
carrying amount and the contractual liability/cash flow. All leases expire
in more than five years.
7. Taxation
The tax charge for the period under review was nil (1H 2024: nil). The
Group has substantial carried forward trading losses and capital losses
available. Accordingly, no provision for corporation tax has been made in
these accounts.
It is not anticipated that sufficient profits from the residual business
will be generated in the foreseeable future to utilise the losses carried
forward, therefore no asset for unrelieved tax losses has been recognised
in these accounts. Unrelieved tax losses and other deferred tax assets are
recognised only to the extent that is it probable that they will be
recovered against the reversal of deferred tax liabilities or other future
taxable profits.
Notes to the Interim Condensed Consolidated Financial Information
Continued
8. Related party balances and transactions
As at the period end the Group owed £47,456 (December 2024: £49,703, June
2024: £44,380) to Thalassa Holdings Limited (“Thalassa”), a company under
common directorship. The balance relates to administration fees,
accounting and registered office services supplied to the Group by
Thalassa at cost. The total amount is treated as an unsecured, interest
free loan made repayable on demand.
During the period the Group accrued £58,869 (December 2024: £125,791 plus
£54,728 expenses, June 2024: £64,712) for consultancy and administrative
services provided to the Group by a company, Fleur De Lys, in which the
Chairman has a beneficial interest. The balance owed by the Group at the
period end date was £37,629 including expenses (December 2024: £54,728,
June 2024: £37,076).
Athenium Consultancy Ltd, a company in which the Group owns shares
invoiced the group for financial and corporate administration services
totalling £90,750 for the period (December 2024: £181,500, June 2024:
£90,750).
9. Share capital
As at As at As at
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
£ £ £
Allotted, issued and fully paid:
22,697,397 ordinary shares of £0.01 each 226,970 226,970 226,970
9,164,017 treasury shares of £0.01 each 91,640 91,640 91,640
Total Share Capital 318,610 318,610 318,610
During the year to 30 September 2019, the Company underwent a Court
approved restructure of capital and buy back of shares. Under this action
the issued 20p shares were converted to 1p; capital reserves were
transferred to distributable reserves; 59,808,456 shares were repurchased,
and a new Capital Redemption Reserve of £0.598m was established.
Investment in Own Shares
At the year-end, 9,164,017 shares were held in treasury (June 2024:
9,164,017), and at the date of this report 9,164,017 were held in
treasury.
10. Subsequent events
There were no subsequent events.
11. Copies of the Interim Report
The interim report is available on the Company’s website:
www.alina-holdings.com.
END
Investor Enquiries: 2 enquiries@alina-holdings.com
Alina Holdings PLC
3 www.alina-holdings.com
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Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: GB00B1VS7G47
Category Code: IR
TIDM: ALNA
LEI Code: 213800SOAIB9JVCV4D57
Sequence No.: 403415
EQS News ID: 2204620
End of Announcement EQS News Service
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