Delay to Publication of Audited Results

Silverwood Brands PLC

31 December 2025

 

31 December 2025

Silverwood Brands plc

("Silverwood" or the "Company"; together with its subsidiaries, the "Group)

Delay to Publication of Audited Results

Silverwood Brands plc (AQSE: SLWD), a holding company established to invest primarily in branded consumer businesses, announces that there has been a delay in completing the audit of the Group's results for the 18 month period ended 30 June 2025.

The delay arises from the additional time required to complete the audit of the Group's Japanese subsidiaries. This has been necessitated by the technically complex translation of subsidiary financial statements from Japanese Generally Accepted Accounting Principles ("Japanese GAAP") to International Financial Reporting Standards ("IFRS").

While the Group has previously audited and consolidated its Japanese subsidiaries, the Sonotas companies, the acquisition of Cosme Science during the period  introduced additional complexity to the current audit.

Temporary Suspension

Accordingly, as the Company will be unable to publish  audited results by 31 December 2025 as required by Rule 4.3 of the Aquis Growth Market Access Rulebook, trading in the Company's ordinary shares will be temporarily suspended with effect from 08.00 on Friday, 2 January 2026.

Unaudited Financial Information

For information purposes, limited unaudited financial information relating to the Group for the 18 month period ended 30 June 2025 is set out below.

This information has been extracted from the Company's draft report and accounts for the period ended 30 June 2025 and has not been audited. A further announcement will be released by the Company on completion of the audit and any material changes between the financial information set out below and the audited financial information will be disclosed in that announcement.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
		30 June 2025		31 December 2023
Assets
Non-Current Assets
Property, Plant and Equipment		9,151,299		199,306
Intangible Assets		18,266,219		23,594,130
Other Non-Current Investments		-		80
Trade and Other Receivables		-		-
		27,417,518		23,793,516
Current Assets
Trade and Other Receivables		3,131,898		3,394,016
Inventories		2,493,049		1,727,768
Cash and Cash Equivalents		3,070,441		2,799,449
		8,695,388		7,921,233
Total Assets		36,112,906		31,714,749
Liabilities
Non-Current Liabilities
Trade and Other Liabilities		878,334		1,996,367
Loans and Borrowings		7,588,104		1,264,449
Deferred Tax Liability		3,309,767		1,799,191
		11,776,205		5,060,007
Current Liabilities
Trade and Other Liabilities		2,672,370		6,097,606
Loans and Borrowings		3,170,656		5,368,149
Provisions		398,970		286,282
		6,241,996		11,752,037
Total Liabilities		18,018,201		16,812,044
Net Assets		18,094,705		14,902,705
Issued capital and reserves attributable to owners of the parent
Share Capital		4,250,018		3,250,018
Share Premium		27,195,826		22,795,826
Shares to be Issued		378,969		831,450
Reverse Takeover Reserve		(2,014,193)		(4,797,432)
Shared Based Payments Reserve		4,377,444		6,110,807
Foreign Exchange Reserve		(508,956)		(421,716)
Retained Earnings		(15,533,691)		(12,815,536)
		18,145,417		14,953,417
Non-Controlling Interests		(50,712)		(50,712)
Total Equity		18,094,705		14,902,705

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
		18 Months Ended 30 June 2025		As Restated: 12 Months Ended 31 December 2023
Revenue		23,912,606		11,094,983
Cost of Sales		(10,177,871)		(1,680,895)
Gross Profit		13,734,735		9,414,088
Other Operating Income		24,479		26,799
Selling and Distribution		(1,723,467)		(1,112,392)
Administrative Expenses		(12,312,817)		(8,756,008)
EBITDA		(277,070)		(427,513)
Depreciation		(3,510,103)		(1,308,793)
Exceptional Costs		(4,159,939)		(219,644)
Fair Value Movements		668,283		-
Acquisition costs, acquisition related contingent considerations and earn-outs		4,262,631		(3,842,615)
Profit/(Loss) from Operations		(3,016,198)		(5,798,565)
Finance Income		43,498		41,649
Finance Expense		(1,111,406)		(805,786)
Profit/(Loss) Before Tax		(4,084,106)		(6,562,702)
Tax Expense		57,499		471,528
Profit/(Loss) for the period		(4,026,607)		(6,091,174)
Items that are or may be reclassified subsequently to profit or loss.
Exchange Loss Arising on Translation on Foreign Operations		(87,240)		(421,716)
		(87,240)		(421,716)
Other Comprehensive Income for the Period, Net of Tax		(87,240)		(421,716)
Total Comprehensive Income		(4,113,847)		(6,512,890)
Loss for the period attributable to:
Owners of the Parent		(4,026,607)		(6,040,462)
Non-Controlling Interests		-		(50,712)
		(4,026,607)		(6,091,174)
Total comprehensive income for the period attributable to:
Owners of the Parent		(4,113,847)		(6,462,178)
Non-Controlling Interests		-		(50,712)
		(4,113,847)		(6,512,890)

ENDS

For more information, please contact:

Silverwood Brands plc
Andrew Gerrie	[e-mail]
Paul Hodgins
AlbR Capital Limited - Aquis Corporate Adviser	[phone]

About Silverwood Brands plc

Silverwood Brands  plc is a leader in the health and beauty industry, committed to developing and marketing high-quality products that meet the diverse needs of consumers worldwide. Through strategic acquisitions and organic growth, Silverwood Brands continues to enhance its portfolio and global reach, ensuring a strong position in the competitive health and beauty market.

 

END