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LONDON - Alina Holdings PLC (ALNA.L) reported a net loss of £264,000 for the six months ended June 30, 2025, compared to a profit of £348,000 in the same period last year, according to interim results released Monday.
The property investment company saw its earnings per share decline to a loss of 1.16 pence from a positive 1.53 pence in the first half of 2024. Book value per share decreased to 19.3 pence from 23.4 pence year-over-year.
Total income for the period fell to £121,000 from £503,000 in the first half of 2024. Gross rental income declined 6% to £109,000, which the company attributed to the sale of its Stafford property in October 2024.
Cost of sales increased significantly from £21,000 to £91,000, primarily due to service charge adjustments at the company’s Hastings property.
The company reported progress with its property portfolio, stating it has reached verbal settlement terms with a former tenant at its Hastings property and has received purchase offers for its Bristol property, with a potential sale expected within the next two months.
Alina Holdings’ cash position stood at £516,000 as of June 30, down from £1.4 million a year earlier. The company holds £1.68 million in available-for-sale financial assets, slightly up from £1.67 million in the comparable period.
The company disclosed it now owns 6.6 million shares of Thalassa Holdings and plans to purchase more from future property sale proceeds, with the intention to eventually distribute these shares to shareholders on a pro-rata basis.
The interim results were based on a press release statement from the company.
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