Final Audited Results to 30 June 2025
Summary by AI BETAClose X
Lift Global Ventures Plc
("Lift" or the "Company")
Final Audited Results to 30 June 2025
Lift Global Ventures Plc (AQSE:LFT), an investment company focused on financial media, technology and the energy sector, is pleased to announce its Final Audited Results to 30 June 2025.
Chairman's Statement
It gives me great pleasure to present this year's Chairman's Statement for Lift Global Ventures plc.
Miriad: A Strong Foundation for Growth
Our core investment, Miriad, continues to provide solid financial performance and cash generation. Miriad, which trades as Zak's Traders Café, has cemented its reputation as one of the UK's most recognisable voices in small-cap financial media. Under the leadership of CEO Saqib "Zak" Mir, the business has remained profitable and cash positive, contributing steady income that supports the Company's investment strategy.
During the year, Miriad delivered a positive net cash inflow of £58,003 with turnover of £280,733 and an operating profit margin of 61%. Its combination of trusted market commentary, digital reach and client relationships provides a unique platform from which to build further value.
Zaks Trader Cafe has a loyal following on Social Media with over 27,300 followers on X (formerly Twitter). The Zak's Traders Café website serves as a hub for market insights and commentary.
Zak is recognized as a market leader in providing valuable content and distribution for corporate clients. Zak continues to provide insights on UK listed stocks and has expanded his coverage to also include some of the US stocks, focusing on "chart breakers" to help followers understand transatlantic trends.
Services Offered by Zak's Traders Café:
· Daily RNS Hot List - Highlights significant regulatory news from companies.
· Daily Bulletin Heroes - 6 days a week technical analysis of the best charting set ups in the small cap space, plus a review of the best recent share price winners.
· Week in Small Caps - Weekly roundup of developments in small-cap stocks.
· Daily US Chart Breakers - Focused analysis on key US stocks making notable movements.
Miriad Limited and Zak's Traders Café present a unique opportunity for companies looking to engage retail investors. With a robust platform, a dedicated following, and comprehensive market insights, businesses can significantly enhance their market presence and investor relations by leveraging Zak's services.
Trans-Africa Energy Limited ("TAE")
The Company retains a legacy investment in Trans-Africa Energy Limited, held in the form of convertible loan notes. The notes have been extended to 31 January 2026 on improved terms, increasing their principal value at no additional cost to the Company.
Board Appointments
Following the period end, we strengthened the Board with the appointments of David Richards MBE and Mark Horrocks, who together bring decades of experience in technology entrepreneurship, AI investment and early-stage growth companies. This enhancement of the Board gives the Company the vision, capability and network required to identify and scale exceptional businesses within these sectors.
Strategy and Outlook
The Company now stands at the intersection of financial media and artificial intelligence, two complementary sectors that together offer both stability and extraordinary growth potential. Miriad provides reliable cash flow and brand strength, while exciting technology businesses offers exponential upside as adoption accelerates across every major industry.
Our goal is simple: to back exceptional founders, build scalable companies and create lasting value for shareholders.
I would like to take this opportunity to thank my fellow directors, our management team and our shareholders for their continued trust and support.
David Richards MBE
Non-Executive Chairman
Enquiries:
|
Lift Global Ventures Plc |
|
|
David Richards MBE - Executive Chairman |
via Oberon |
|
Oberon Capital |
|
|
Nick Lovering, Adam Pollock |
+44 (0) 203 179 5300 |
For more information please visit: www.liftgv.com
Consolidated and Company Statement of Financial Position
As of 30 June 2025
|
|
|
Group |
Company |
||||
|
|
Year ended 30 June 2025 £ |
Year ended 30 June 2024 £ |
Year ended 30 June 2025 £ |
Year ended 30 June 2024 £ |
|
||
|
Non-Current Assets |
|
|
|
|
|
||
|
Intangible assets |
197,280 |
252,870 |
- |
- |
|
||
|
Investment in subsidiaries |
- |
- |
368,507 |
368,507 |
|
||
|
Equity Investment - Fair value through profit and loss |
198,114 |
69,881 |
181,191 |
68,420 |
|
||
|
Total non-current assets |
395,394 |
322,751 |
549,698 |
436,927 |
|
||
|
Current Assets |
|
|
|
|
|
||
|
Trade and other receivables |
103,393 |
98,075 |
56,043 |
58,498 |
|
||
|
Financial assets - Fair value through profit and loss |
180,167 |
- |
180,167 |
- |
|
||
|
Cash and cash equivalents |
195,525 |
163,220 |
12,304 |
37,998 |
|
||
|
Total current assets |
479,085 |
261,295 |
248,514 |
96,496 |
|
||
|
Total Assets |
874,479 |
584,046 |
798,212 |
533,423 |
|
||
|
Current Liabilities |
|
|
|
|
|
||
|
Trade and other payables |
148,140 |
108,014 |
119,314 |
64,412 |
|
||
|
Contract liabilities |
229,723 |
12,251 |
- |
- |
|
||
|
Financial liability - Fair value through profit and loss |
60,056 |
- |
60,056 |
- |
|
||
|
Total current liabilities |
437,919 |
120,265 |
179,370 |
64,412 |
|
||
|
Non-current Liabilities |
|
|
|
|
|
||
|
Borrowings |
- |
- |
280,202 |
- |
|
||
|
Total non-current liabilities |
- |
- |
280,202 |
- |
|
||
|
Total Liabilities |
437,919 |
120,265 |
459,572 |
64,412 |
|
||
|
Net Assets |
436,560 |
463,781 |
338,640 |
469,011 |
|
||
|
Equity attributable to owners of the Parent |
|
|
|
|
|
||
|
Share capital |
957,100 |
957,100 |
957,100 |
957,100 |
|
||
|
Share premium |
1,225,507 |
1,225,507 |
1,225,507 |
1,225,507 |
|
||
|
Other reserves |
154,624 |
181,540 |
154,624 |
181,540 |
|
||
|
Accumulated losses |
(1,900,671) |
(1,900,366) |
(1,998,591) |
(1,895,136) |
|
||
|
Total Equity |
436,560 |
463,781 |
338,640 |
469,011 |
|
||
Consolidated Statement of Comprehensive Income
Year ended 30 June 2025
|
Continuing Operations |
For the year ended 30 June 2025 £ |
For the period ended 30 June 2024 £ |
|
Revenue |
280,733 |
476,506 |
|
Administration expenses |
(358,759) |
(532,619) |
|
Impairment loss of trade receivable |
(12,700) |
(102,933) |
|
Other gains/(losses) |
10,599 |
(4,100) |
|
Operating loss |
(80,127) |
(163,146) |
|
Fair value gains/(losses) on financial assets at fair value through profit and loss |
180,167 |
(750,000) |
|
Fair value losses on financial liabilities at fair value through profit and loss |
(60,056) |
- |
|
Net fair value losses on equity investments |
(67,355) |
(63,006) |
|
Loss before taxation |
(27,371) |
(976,152) |
|
Corporation tax |
150 |
(10,135) |
|
Loss for the year from continuing operations |
(27,221) |
(986,287) |
|
Loss attributable to: |
|
|
|
Equity shareholders |
(27,221) |
(986,287) |
|
Loss per share (pence) - basic and diluted |
(0.03) |
(1.03) |
Consolidated Statement of Changes in Shareholders' Equity
For the year ended 30 June 2025
|
|
Attributable to Equity Shareholders - Group |
||||
|
|
Share capital £ |
Share premium £ |
Other reserves £ |
Accumulated losses £ |
Total equity £ |
|
As at 1 July 2023 |
957,100 |
1,225,507 |
181,540 |
(914,079) |
1,450,068 |
|
Loss for the year |
- |
- |
- |
(986,287) |
(986,287) |
|
Total comprehensive loss for the year |
- |
- |
- |
(986,287) |
(986,287) |
|
As at 30 June 2024 |
957,100 |
1,225,507 |
181,540 |
(1,900,366) |
463,781 |
|
As at 1 July 2024 |
957,100 |
1,225,507 |
181,540 |
(1,900,366) |
463,781 |
|
Loss for the year |
- |
- |
- |
(27,221) |
(27,221) |
|
Total comprehensive loss for the year |
- |
- |
- |
(27,221) |
(27,221) |
|
Transactions with owners |
|
|
|
|
|
|
Warrants expired |
- |
- |
(26,916) |
26,916 |
- |
|
Total transactions with owners |
- |
- |
(26,916) |
26,916 |
- |
|
As at 30 June 2025 |
957,100 |
1,225,507 |
154,624 |
(1,900,671) |
436,560 |
Consolidated Statement of Changes in Shareholders' Equity
As at 30 June 2025
|
|
Share capital £ |
Share premium £ |
Other reserves £ |
Accumulated losses £ |
Total equity £ |
|
As at 1 July 2023 |
957,100 |
1,225,507 |
181,540 |
(1,033,344) |
1,330,803 |
|
Loss for the year |
- |
- |
- |
(861,792) |
(861,792) |
|
Total comprehensive loss for the year |
- |
- |
- |
(861,792) |
(861,792) |
|
As at 30 June 2024 |
957,100 |
1,225,507 |
181,540 |
(1,895,136) |
469,011 |
|
|
|
|
|
|
|
|
As at 1 July 2024 |
957,100 |
1,225,507 |
181,540 |
(1,895,136) |
469,011 |
|
Loss for the year |
- |
- |
- |
(130,371) |
(130,371) |
|
Total comprehensive loss for the year |
- |
- |
- |
(130,371) |
(130,371) |
|
Transactions with owners |
|
|
|
|
|
|
Warrants expired |
- |
- |
(26,916) |
26,916 |
- |
|
Transactions with owners |
- |
- |
(26,916) |
26,916 |
- |
|
As at 30 June 2025 |
957,100 |
1,225,507 |
154,624 |
(1,998,591) |
338,640 |
Consolidated and Company Statement of Cash Flows
|
|
Group |
Company |
|
||
|
|
Year ended 30 June 2025 |
Year ended 30 June 2024 |
Year ended 30 June 2025 |
Year ended 30 June 2024 |
|
|
Cash flows from operating activities |
|
|
|
|
|
|
Loss after taxation |
(27,221) |
(986,287) |
(130,371) |
(861,792) |
|
|
Adjustments for: |
|
|
|
|
|
|
Depreciation & amortisation |
55,590 |
55,593 |
- |
- |
|
|
Impairment of receivables |
12,700 |
102,933 |
- |
- |
|
|
Other gains/(losses) |
(10,300) |
|
(13,694) |
|
|
|
Fair value loss/(gain) on fair value through profit and loss equity investments |
67,355 |
63,006 |
82,817 |
58,698 |
|
|
Fair value gain/ loss on financial assets at fair value through profit and loss |
(120,111) |
750,000 |
(120,111) |
750,000 |
|
|
Decrease/(Increase) in trade and other receivables |
(130,375) |
(66,665) |
22,200 |
43,430 |
|
|
Increase/(decrease) in trade and other payables |
109,631 |
26,898 |
54,901 |
34,409 |
|
|
Income tax received/(paid) |
150 |
(10,135) |
- |
- |
|
|
Income tax (income)/expense |
(150) |
10,135 |
- |
- |
|
|
Net finance costs |
- |
140 |
- |
152 |
|
|
Dividend income |
- |
- |
- |
(205,887) |
|
|
Net cash used in operating activities |
(42,731) |
(54,382) |
(104,258) |
(180,990) |
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Cash received for sale of investments |
97,536 |
- |
97,536 |
- |
|
|
Cash paid for investments |
(22,500) |
(55,014) |
(22,500) |
(55,014) |
|
|
Dividend received |
- |
- |
- |
165,000 |
|
|
Loans received |
- |
- |
27,475 |
- |
|
|
Loans granted |
- |
- |
(23,947) |
(2,112) |
|
|
Interest received |
- |
13 |
- |
- |
|
|
Net cash used in investing activities |
75,036 |
(55,001) |
78,564 |
107,874 |
|
|
Net increase in cash and cash equivalents |
32,305 |
(109,383) |
(25,694) |
(73,116) |
|
|
Cash and cash equivalents at beginning of year |
163,220 |
272,603 |
37,998 |
111,114 |
|
|
Cash and cash equivalents at end of year |
195,525 |
163,220 |
12,304 |
37,998 |
|
|
Non-Cash Investing and Financing Activities
Year ended 30 June 2025 - Miriad Limited received 16,270,505 shares in lieu of payment of services provided to customers totalling £132,100 (book value). Of these, 284,000 shares, totalling £11,400, were transferred to introducers in lieu of commission. Within the income statement, the revenue recognised in relation to these shares was £286,867 of which £200,557 was treated as deferred income. Additional details are provided in Note 14. Year ended 30 June 2024 - Miriad Limited received 6,360,000 shares in lieu of payment of services provided to customers totalling £43,000. |
|||||
Events after the Reporting Date
Post period end, the Company announced that the redemption date for the unsecured convertible loan notes in TAE was extended by mutual consent to 31 October 2025 and then subsequently to 31 January 2026, to allow further discussions with funders to conclude.
The Company, Miriad and Mr Mir have received a letter before action in relation to a claim for commission allegedly due to a former consultant. The Company is engaged in negotiations to resolve the situation.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund