REG - Catenai PLC - Half-year Report
30/09/2025 07:00
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RNS Number : 3825B Catenai PLC 30 September 2025
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 (http://www.catenaiplc.com)
Statement of Comprehensive Income
For the Period Ended 30 June 2025
Unaudited Unaudited Audited
six months ended six months ended year
30 June 30 June ended
2025 2024 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 Unaudited Audited
six months six months year
ended ended ended
30 June 30 June 31 December
2025 2024 2024
£
£ £
Non-current assets
Intangible assets 1 1 1
Investment 500,000 - -
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 Unaudited Audited
six months six months year
ended ended ended
30 June 2025 30 June 2024 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 786,000 670,000 720,000
Share issue costs (41,000) - (46,800)
Issue of CLN - (450,000) -
New loans raised 40,000 - -
Investment (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.
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