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LONDON - Eight Capital Partners plc (AQSE:ECP), a financial services company focused on fintech operations, reported a profit before taxation of £0.903 million for the six months ended June 30, 2025, reversing its operating loss from the same period last year.
The company recorded revenues of £0.07 million, up from £0.003 million in the first half of 2024, reflecting increased transaction-led activity in its advisory business segment.
Operating costs were significantly reduced, with general expenses falling to £0.179 million from £0.375 million in the prior year period. Staff costs decreased to £0.024 million from £0.108 million, while legal and professional fees dropped to £0.050 million from £0.159 million.
A foreign exchange gain of £1.189 million on euro-denominated financial instruments contributed substantially to the company’s performance, compared to a £0.535 million loss in the first half of 2024.
Eight Capital’s net asset position strengthened to £33.1 million as of June 30, 2025, up from £11.5 million a year earlier. The increase was largely attributed to the partial write-back of financial instruments received following the sale of the 1AF2 Bond.
In January 2025, the company implemented a capital reorganization that reduced its outstanding shares from 187,451,704,000 to 46,862,926 ordinary shares with a nominal value of £0.40 each. Additionally, Eight Capital converted €1.08 million of its 4.8% bonds due September 2026 into 810,325 ordinary shares, eliminating its outstanding bond liability.
The company also divested its entire shareholding in Evrima plc during the period.
According to the press release statement, Eight Capital is in negotiations regarding a potential investment in a European bank and is in discussions with three senior professionals for board appointments to enhance its transaction and capital markets capabilities.
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