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LONDON - Anemoi International Ltd (Reuters:AMOI.L, Bloomberg: AMOI:LN), a company incorporated in the British Virgin Islands and operating in software services, has announced its audited financial results for the year ended December 31, 2024. The firm registered a reduced operating loss of £0.5 million compared to £0.9 million the previous year. The loss before taxation followed the same trend, showing an improvement over the year.
Group Earnings Per Share (EPS) remained flat at £(0.00), while the book value per share saw a slight decline from £0.03 to £0.02. Anemoi’s net cash position decreased from £1.6 million to £0.9 million.
Despite a 49% reduction in costs, the company’s revenue from ID4 services was not sufficient to support its public company cost base. Anemoi’s management is actively pursuing a strategy to leverage intermediaries for product sales, engaging in negotiations with brokers and other B2B partners. The Board is considering further cost reduction measures and plans to propose a reorganisation for shareholder approval.
The company’s Chairman, Duncan Soukup, stated that while significant cost reductions were achieved, the financial results fell short of the 2024 budgets. He emphasized the focus on selling products through intermediaries and the exploration of measures to further decrease expenses.
Anemoi International Ltd operates id4 AG, a Swiss-based entity formed from the merger of id4 and its parent company Apeiron Holdings AG in 2021. The company’s activities are subject to the financial regulatory environment in the UK and Switzerland, with particular attention paid to asset management and investment systems.
The company’s financial statements, based on a press release statement, are prepared in accordance with UK Adopted International Accounting Standards (IFRS). The financial statements are available for inspection at the National Storage Mechanism and on the company’s website.
This report is based on a press release statement and contains no marketing promotion or biased language. No endorsement of claims is made, and all information is presented factually and neutrally.
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