Cloudbreak Discovery (CDL) H1 2025 earnings summary

Executive summary

• Continued reorganization of assets and investments to unlock value and focus on core projects and early-stage opportunities.

• Reduced capital expenditures and operational costs while seeking partnerships for existing projects.

• Appointment of a new Executive Chairman post-period to drive business development and revenue growth.

Financial highlights

• Net loss for the six months ended 31 December 2024 was £1,022,322, compared to a loss of £365,705 in the same period last year.

• Total comprehensive loss for the period was £1,098,730, up from £374,886 year-over-year.

• Net assets increased to £1,836,002 as of 31 December 2024, from £1,624,572 at 31 December 2023.

• Cash and cash equivalents decreased to £38,821 from £160,299 year-over-year.

• Basic and diluted loss per share was 0.1p, compared to 0.06p in the prior year.

Outlook and guidance

• Focus remains on project generation and direct involvement in early-stage projects to realize value.

• Cautious optimism for the next financial period, leveraging lessons learned in 2024.