Half-year Financial Report

Summary by AI BETAClose X

Phoenix Digital Assets PLC reported a loss before tax of £9.8 million for the six months ended 30 June 2026, an increase from the £6.6 million loss in the prior year period, with net assets falling to £6.7 million, or approximately 1.6p per share. This performance was primarily driven by a £8.5 million net fair value loss on digital assets and tokens, reflecting market price declines, although prices have partially recovered since the period end. The Group held £13.9 million in digital assets, including 243.96 Bitcoin and 64,038 HYPE tokens, and realized £5.7 million from asset sales. Cash and cash equivalents increased to £4.1 million, while administrative expenses decreased to £0.8 million. The company also noted a US$6.95 million outstanding secured credit facility at period end.

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