Lift Global Ventures - Final Audited Results to 30 June 2025

Lift Global Ventures

17/11/2025 07:00

RNS Number : 6938H

Lift Global Ventures PLC

17 November 2025

 

 

 

Lift Global Ventures Plc
 ("Lift" or the "Company")

Final Audited Results to 30 June 2025

 

Lift Global Ventures Plc (AQSE:LFT), an investment company focused on financial media, technology and the energy sector, is pleased to announce its Final Audited Results to 30 June 2025.

 

Chairman's Statement 

 

It gives me great pleasure to present this year's Chairman's Statement for Lift Global Ventures plc.

Miriad: A Strong Foundation for Growth

Our core investment, Miriad, continues to provide solid financial performance and cash generation. Miriad, which trades as Zak's Traders Café, has cemented its reputation as one of the UK's most recognisable voices in small-cap financial media.  Under the leadership of CEO Saqib "Zak" Mir, the business has remained profitable and cash positive, contributing steady income that supports the Company's investment strategy.

During the year, Miriad delivered a positive net cash inflow of £58,003 with turnover of £280,733 and an operating profit margin of 61%. Its combination of trusted market commentary, digital reach and client relationships provides a unique platform from which to build further value.

Zaks Trader Cafe has a loyal following on Social Media with over 27,300 followers on X (formerly Twitter). The Zak's Traders Café website serves as a hub for market insights and commentary.

Zak is recognized as a market leader in providing valuable content and distribution for corporate clients. Zak continues to provide insights on UK listed stocks and has expanded his coverage to also include some of the US stocks, focusing on "chart breakers" to help followers understand transatlantic trends.

Services Offered by Zak's Traders Café:

·      Daily RNS Hot List - Highlights significant regulatory news from companies.

·      Daily Bulletin Heroes - 6 days a week technical analysis of the best charting set ups in the small cap space, plus a review of the best recent share price winners.

·      Week in Small Caps - Weekly roundup of developments in small-cap stocks.

·      Daily US Chart Breakers - Focused analysis on key US stocks making notable movements.

Miriad Limited and Zak's Traders Café present a unique opportunity for companies looking to engage retail investors. With a robust platform, a dedicated following, and comprehensive market insights, businesses can significantly enhance their market presence and investor relations by leveraging Zak's services.

Trans-Africa Energy Limited ("TAE")

The Company retains a legacy investment in Trans-Africa Energy Limited, held in the form of convertible loan notes. The notes have been extended to 31 January 2026 on improved terms, increasing their principal value at no additional cost to the Company.

Board Appointments

Following the period end, we strengthened the Board with the appointments of David Richards MBE and Mark Horrocks, who together bring decades of experience in technology entrepreneurship, AI investment and early-stage growth companies. This enhancement of the Board gives the Company the vision, capability and network required to identify and scale exceptional businesses within these sectors.

Strategy and Outlook

The Company now stands at the intersection of financial media and artificial intelligence, two complementary sectors that together offer both stability and extraordinary growth potential. Miriad provides reliable cash flow and brand strength, while exciting technology businesses offers exponential upside as adoption accelerates across every major industry.

Our goal is simple: to back exceptional founders, build scalable companies and create lasting value for shareholders.

I would like to take this opportunity to thank my fellow directors, our management team and our shareholders for their continued trust and support.

 

David Richards MBE

Non-Executive Chairman

 

Enquiries:

 

Lift Global Ventures Plc
David Richards MBE - Executive Chairman
via Oberon
Oberon Capital
Nick Lovering, Adam Pollock
+44 (0) 203 179 5300

 

 For more information please visit: www.liftgv.com 

 

Consolidated and Company Statement of Financial Position

 

As of 30 June 2025

Group
Company
Year ended 30 June 2025
£
Year ended 30 June 2024
£
Year ended 30 June 2025
£
Year ended 30 June 2024
£
Non-Current Assets
Intangible assets
197,280
252,870
-
-
Investment in subsidiaries
-
-
368,507
368,507
Equity Investment - Fair value through profit and loss
198,114
69,881
181,191
68,420
Total non-current assets
395,394
322,751
549,698
436,927
Current Assets
Trade and other receivables
103,393
98,075
56,043
58,498
Financial assets - Fair value through profit and loss
180,167
-
180,167
-
Cash and cash equivalents
195,525
163,220
12,304
37,998
Total current assets
479,085
261,295
248,514
96,496
Total Assets
874,479
584,046
798,212
533,423
Current Liabilities
Trade and other payables
148,140
108,014
119,314
64,412
Contract liabilities
229,723
12,251
-
-
Financial liability - Fair value through profit and loss
60,056
-
60,056
-
Total current liabilities
437,919
120,265
179,370
64,412
Non-current Liabilities
Borrowings
-
-
280,202
-
Total non-current liabilities
-
-
280,202
-
Total Liabilities
437,919
120,265
459,572
64,412
Net Assets
436,560
463,781
338,640
469,011
Equity attributable to owners of the Parent
Share capital
957,100
957,100
957,100
957,100
Share premium
1,225,507
1,225,507
1,225,507
1,225,507
Other reserves
154,624
181,540
154,624
181,540
Accumulated losses
(1,900,671)
(1,900,366)
(1,998,591)
(1,895,136)
Total Equity
436,560
463,781
338,640
469,011


 

Consolidated Statement of Comprehensive Income

 

Year ended 30 June 2025

Continuing Operations
For the year ended 30 June 2025
£
For the period ended 30 June 2024
£
Revenue
280,733
476,506
Administration expenses
(358,759)
(532,619)
Impairment loss of trade receivable
(12,700)
(102,933)
Other gains/(losses)
10,599
(4,100)
Operating loss
(80,127)
(163,146)
Fair value gains/(losses) on financial assets at fair value through profit and loss
180,167
(750,000)
Fair value losses on financial liabilities at fair value through profit and loss
(60,056)
-
Net fair value losses on equity investments
(67,355)
(63,006)
Loss before taxation
(27,371)
(976,152)
Corporation tax
150
(10,135)
Loss for the year from continuing operations
(27,221)
(986,287)
Loss attributable to:
Equity shareholders
(27,221)
(986,287)
Loss per share (pence) - basic and diluted
(0.03)
(1.03)

 

Consolidated Statement of Changes in Shareholders' Equity

 

For the year ended 30 June 2025

 

Attributable to Equity Shareholders - Group
Share capital
£
Share premium
£
Other reserves
£
Accumulated losses
£
Total equity
£
As at 1 July 2023
957,100
1,225,507
181,540
(914,079)
1,450,068
Loss for the year
-
-
-
(986,287)
(986,287)
Total comprehensive loss for the year
-
-
-
(986,287)
(986,287)
As at 30 June 2024
957,100
1,225,507
181,540
(1,900,366)
463,781

 

As at 1 July 2024
957,100
1,225,507
181,540
(1,900,366)
463,781
Loss for the year
-
-
-
(27,221)
(27,221)
Total comprehensive loss for the year
-
-
-
(27,221)
(27,221)
Transactions with owners
Warrants expired
-
-
(26,916)
26,916
-
Total transactions with owners
-
-
(26,916)
26,916
-
As at 30 June 2025
957,100
1,225,507
154,624
(1,900,671)
436,560

                  Consolidated Statement of Changes in Shareholders' Equity

 

                  As at 30 June 2025

Share capital
£
Share premium
£
Other reserves
£
Accumulated losses
£
Total equity
£
As at 1 July 2023
957,100
1,225,507
181,540
(1,033,344)
1,330,803
Loss for the year
-
-
-
(861,792)
(861,792)
Total comprehensive loss for the year
-
-
-
(861,792)
(861,792)
As at 30 June 2024
957,100
1,225,507
181,540
(1,895,136)
469,011
As at 1 July 2024
957,100
1,225,507
181,540
(1,895,136)
469,011
Loss for the year
-
-
-
(130,371)
(130,371)
Total comprehensive loss for the year
-
-
-
(130,371)
(130,371)
Transactions with owners
Warrants expired
-
-
(26,916)
26,916
-
Transactions with owners
-
-
(26,916)
26,916
-
As at 30 June 2025
957,100
1,225,507
154,624
(1,998,591)
338,640

Consolidated and Company Statement of Cash Flows

 

Group
Company
Year ended 30 June 2025
Year ended 30 June 2024
Year ended 30 June 2025
Year ended 30 June 2024
Cash flows from operating activities
Loss after taxation
(27,221)
(986,287)
(130,371)
(861,792)
Adjustments for:
Depreciation & amortisation
55,590
55,593
-
-
Impairment of receivables
12,700
102,933
-
-
Other gains/(losses)
(10,300)
(13,694)
Fair value loss/(gain) on fair value through profit and loss equity investments
67,355
63,006
82,817
58,698
Fair value gain/ loss on financial assets at fair value through profit and loss
(120,111)
750,000
(120,111)
750,000
Decrease/(Increase) in trade and other receivables
(130,375)
(66,665)
22,200
43,430
Increase/(decrease) in trade and other payables
109,631
26,898
54,901
34,409
Income tax received/(paid)
150
(10,135)
-
-
Income tax (income)/expense
(150)
10,135
-
-
Net finance costs
-
140
-
152
Dividend income
-
-
-
(205,887)
Net cash used in operating activities
(42,731)
(54,382)
(104,258)
(180,990)
Cash flows from investing activities
Cash received for sale of investments
97,536
-
97,536
-
Cash paid for investments
(22,500)
(55,014)
(22,500)
(55,014)
Dividend received
-
-
-
165,000
Loans received
-
-
27,475
-
Loans granted
-
-
(23,947)
(2,112)
Interest received
-
13
-
-
Net cash used in investing activities
75,036
(55,001)
78,564
107,874
Net increase in cash and cash equivalents
32,305
(109,383)
(25,694)
(73,116)
Cash and cash equivalents at beginning of year
163,220
272,603
37,998
111,114
Cash and cash equivalents at end of year
195,525
163,220
12,304
37,998
Non-Cash Investing and Financing Activities
Year ended 30 June 2025 - Miriad Limited received 16,270,505 shares in lieu of payment of services provided to customers totalling £132,100 (book value). Of these, 284,000 shares, totalling £11,400, were transferred to introducers in lieu of commission. Within the income statement, the revenue recognised in relation to these shares was £286,867 of which £200,557 was treated as deferred income. Additional details are provided in Note 14.
Year ended 30 June 2024 - Miriad Limited received 6,360,000 shares in lieu of payment of services provided to customers totalling £43,000.

 

Events after the Reporting Date

 

Post period end, the Company announced that the redemption date for the unsecured convertible loan notes in TAE was extended by mutual consent to 31 October 2025 and then subsequently to 31 January 2026, to allow further discussions with funders to conclude.

 

The Company, Miriad and Mr Mir have received a letter before action in relation to a claim for commission allegedly due to a former consultant. The Company is engaged in negotiations to resolve the situation.

 

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