Half-year Financial Report

Catenai PLC

30 September 2026

 

30 September 2026

Catenai PLC

("Catenai", or the "Company")

Half Year Results

Catenai PLC (AIM: CTAI), the AIM quoted provider of digital media and technology, announces its half-yearly report for the six months ended 30 June 2026.

Financial overview

●     Loss of £78,494 in the period under review (2025: £221,308) with revenues of £146,709 (2025: £7,600).

●    Net asset position £2,383,546 (2025: £1,016,661).

●    Cash position of £467,979 as at 30 June 2026 (2025: £94,092).

●    Additional investment in Alludium of £250,000 announced 13 March 2026.

●    Klarian has made significant progress detailed below and discussions regarding the convertible loan note are ongoing.

The Company continues to service its customer in the sports sector.

The Company continues to carefully manage its working capital position and considers that the existing resources available to it will be sufficient for at least 12 months.

It continues to consider opportunities for acquisition.  At the present time, the Bitcoin focused treasury function has remained unused and given the market turbulence this will remain under review.

Klarian update

Since the webinar held on 5 June, Karian has continued to make strong progress across several of its key commercial programmes. The relationship with ROSEN has progressed from establishing the joint digital integrity initiative to actively taking the proposition to major pipeline operators. The collaboration brings together ROSEN's globally recognised pipeline integrity expertise with Klarian's digital and AI capabilities, with an initial focus on Internal Corrosion.

Klarian is now working with ROSEN on potential customer deployments, with the next stage being to identify a suitable pipeline and commence a pilot in Q4 2026.

Klarian's relationship with BPA has also continued to develop, with further work being commissioned and discussions progressing around a broader programme of activity for 2027-2029. Klarian has also moved its satellite analytics programme into the final approval stages with a major Space Agency.

Klarian is seeing growing momentum in the UK water sector. Engagement with water companies around the application of Klarian's technology is beginning to generate significant interest, with discussions increasingly focused on practical deployments and opportunities to demonstrate value on operational networks.

Taken together, these developments provide encouraging validation of the partner-led strategy Klarian has been building: combining Klarian's technology with established industry partners, converting those relationships into access to major infrastructure operators, and moving from technology development towards customer deployment and commercial scale-up.

Alludium update

Following the previously announced launch of Alludium's dedicated venture capital offering, Alludium has continued to develop its institutional proposition, with its initial focus on the venture capital market. During the period, Alludium released an enhanced version of its platform, incorporating feedback from its original design partner, Sure Valley Ventures ("SVV"). Building on this engagement, Alludium has expanded its design partner programme to four institutional VC firms. This growing engagement is providing Alludium with further evidence of demand within its target market and helping inform its product development priorities.

Alludium's increased focus on institutional customers reflects a decision to direct new commercial activity towards relationships with investment institutions involving multiple users. Early engagement with VC firms has demonstrated clearer alignment between the platform's capabilities and the operational requirements of its target customers. Alludium believes this institutional approach offers the potential for more efficient customer acquisition and greater long-term revenue per customer. Its initial focus remains venture capital, providing a defined market in which to establish and develop its institutional offering.

Looking ahead, Alludium's immediate commercial priorities are to deepen engagement with its existing design partners and continue expanding its pipeline of prospective institutional customers. Alludium will continue to direct its development and commercial resources towards establishing its position in the institutional VC market, with the longer-term opportunity to extend its capabilities into other institutional dealmaking activities.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation. The person who arranged for release of this announcement on behalf of the Company was John Farthing, Interim Chief Executive Officer of the Company and the Directors of the Company are responsible for the release of this announcement.

For further information please contact:

Catenai PLC	[phone]
John Farthing, Interim Chief Executive Officer
Cairn Financial Advisers LLP (Nominated Adviser)	[phone]
Liam Murray / Ludovico Lazzaretti / James Western
Shard Capital Partners LLP (Broker)	[phone]
Damon Heath
Yellow Jersey PR
Charles Goodwin / Ryan Forecast	[phone]

Notes to Editors:

About Catenai PLC

Catenai is an AIM quoted provider of digital media and technology services. The Company has an experienced IT team of project managers and integrators who have deployed systems across corporate, government and educational sectors.

www.catenaiplc.com

Statement of Comprehensive Income

For the Period Ended 30 June 2026

	Unaudited six months ended 30 June 2026 £	Unaudited six months ended 30 June 2025 £	Audited year ended 31 December 2025 £
Revenue	146,709	7,600	71,350
Cost of sales	-	-	-
Gross profit	146,709	7,600	71,350
Administrative expenses	(237,175)	(228,994)	(523,623)
Loss from operations	(90,466)	(221,394)	(452,273)
Interest Expenses	-	-	(56,309)
	(90,466)	(221,394)	(508,582)
Bank interest received	11,972	86	12,181
Loss before taxation	(78,494)	(221,308)	(496,401)
Taxation	-	-	-
Total comprehensive loss for the period	(78,494)	(221,308)	(496,401)

Statement of Financial Position

For the Period Ended 30 June 2026  

		Unaudited six months ended 30 June 2026 £	Unaudited six months ended 30 June 2025 £	Audited year ended 31 December 2025 £
Non-current assets
Intangible assets Investment		1 1,200,000	1 500,000	1 950,000
		1,200,001	500,001	950,001
Current assets
Trade and other receivables		780,060	676,254	988,493
Cash and cash equivalents		467,979	94,092	586,446
		1,248,039	770,346	1,574,939
Current liabilities
Trade and other payables		(64,494)	(213,686)	(50,400)
Loans and borrowings		-	(40,000)	(12,500)
		(64,494)	(253,686)	(62,900)
Non-current liabilities
Interest-bearing loans		-	-	-
Total Liabilities		(64,494)	(253,686)	(62,900)
Net Assets		2,383,546	1,016,661	2,462,040
Capital and reserves attributable to equity holders of the company
Ordinary share capital		143,386	96,329	143,386
Deferred share capital		4,387,684	4,387,684	4,387,684
Share premium account		22,186,901	20,709,953	22,186,901
Share reserve		-	(83,333)	-
Share Warrant		196,467		196,467
Merger reserve		11,119,585	11,119,585	11,119,585
Capital Redemption Reserve		2,732,904	2,732,904	2,732,904
Retained losses		(38,383,381)	(37,946,461)	(38,304,887)
Total Equity		2,383,546	1,016,661	2,462,040

Statement of Cash Flows

For the Period Ended 30 June 2026 

	Unaudited six months ended 30 June 2026 £	Unaudited six months ended 30 June 2025 £	Audited year ended 31 Dec 2025 £
Loss for the period	(78,494)	(221,308)	(496,401)
Adjustments for: Services settled by the issue of shares	-	88,400	136,000
Issue of share options and warrant charge	-	-	168,468
Net cash outflow before changes in working capital	(78,494)	(132,908)	(191,933)
(Increase) / decrease in trade and other receivables	208,433	(97,933)	353,423
(Decrease) / increase in trade and other payables	1,594	39,456	101,386
Cash from operations	131,533	(191,385)	454,809
Financing Activities
Issue of ordinary share capital Share issue costs	- -	786,000 (41,000)	1,493,400 (163,998)
New loans raised Investment Interest Paid	- (250,000) -	40,000 (500,000) -	- (950,000) (56,309)
Net cash flows from financing activities	(250,000)	285,000	323,093
Net increase / (decrease) in cash	(118,467)	93,615	585,969
Cash and cash equivalents at beginning of period	586,446	477	477
Cash and cash equivalents at end of period	467,979	94,092	586,446

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

 

END