REG - Fragrant Prosperity - Year End Update

Fragrant Prosperity HoldingsAnnouncement

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RNS Number : 8795Y  Fragrant Prosperity Holdings Ltd  01 April 2026

1 April 2026

 

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Fragrant Prosperity Holdings Limited

 

("FPP" or the "Company")

 

Year End Update

Fragrant Prosperity Holdings Limited ("FPP" or the "Company") is pleased to
provide an update with regards to the end of the financial year. .

 

The Company continues to make good progress on its strategy of identifying a
target in the AI driven fintech industry and confirms that the Company itself
has not been effected by the current market turmoil. FPP continues to focus on
innovative technologies in large markets that are able to rapidly scale to
reach a global footprint.

 

The company remains in a strong financial position following on from the
balance sheet recapitalisation and refinancing undertaken earlier in the year.
Due to strict cost control the company ended the year with c.£520k of cash on
the balance sheet, no long term debt and a routine level of trade creditors to
be settled in the ordinary course of business.

 

Chairmans Statement:

"Our goal has always been to limit transaction execution risk for the Company
and therefore its shareholders by targeting an acquisition of a business along
the following basis: in a high growth, scalable sector,  mature enough to be
significantly derisked operationally, a strong management team and already
funded to execute its strategy, therefore negating the requirement for a
significant fund raise at the point of RTO. With the public markets in a
seemingly never ending cycle of volatility, timing a RTO to align with a
period of calm for a significant capital raise 3-4 months out poses an obvious
challenge, with current events clearly vindicating our strategy. We are
therefore being strict in our approach to reviewing potential targets to
ensure that any deal is achievable in the current environment. I am pleased
with the opportunities we are seeing and are optimistic that we can navigate
our way through the macro challenges that are affecting virtually every sector
in some shape or form. We are religiously conserving our cash in order to
spend it prudently on the DD process and are pleased we have ended the year
with c.£520k on the balance sheet, placing the Company well to execute any
chosen RTO by using this cash to fund deal costs. As one of only a few clean
shells on the London Stock Exchange, the Company is well placed to execute its
strategy and I am optimistic about the future"

 

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018. Upon the publication of this announcement this
information is considered to be in the public domain.

 

- Ends -

 

 

Enquiries

 

 Fragrant Prosperity Holdings Limited  +44 (0)20 3137 1902

 Optiva Securities - Broker to FPP     +44 (0)20 3137 1903

 Vishal Balasingham

 

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