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LONDON - W.H. Ireland Group Plc (AIM:WHI) reported on Friday a statutory loss before tax of £9.2 million for the year ended March 31, 2025, compared to a £6.0 million loss in the previous year, as the financial services firm plans to exit the stock market.
The company’s revenue declined to £13.2 million from £21.5 million a year earlier, reflecting the sale of its Capital Markets division in July 2024. The firm’s underlying loss before tax improved slightly to £1.9 million from £2.5 million in fiscal 2024.
The statutory loss included £0.9 million in restructuring costs and a £6.1 million impairment charge. Loss per share increased to 3.97 pence from 3.38 pence in the prior year.
Assets under management fell to £1.0 billion from £1.2 billion, with the company citing market declines as a factor affecting its wealth management revenue, which dropped to £10.0 million from £11.9 million.
Cash and cash equivalents stood at £3.5 million as of March 31, 2025, down from £4.9 million a year earlier, and further decreased to £3.3 million by August 31, 2025.
In September 2025, after the end of the reporting period, W.H. Ireland announced a conditional disposal of its Wealth Management division. Following this planned sale, the company intends to delist from London’s AIM market and begin winding down its operations.
"Market conditions during the period have had a significant impact on our financial performance leading to a fall in AUM and Wealth Management revenues and losses for the year," said Simon Moore, Non-Executive Chair, in a statement based on the company’s press release.
The company will hold a general meeting on October 20, 2025, at its London offices to approve the accounts.
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