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Supersearch Plus PLC - Unaudited Interim Report


Announcement provided by

Supersearch Plus plc · SSP

01/10/2025 07:00

Supersearch Plus PLC - Unaudited Interim Report
RNS Number : 5818B
Supersearch Plus PLC
01 October 2025
 

1 October 2025

 

Supersearch Plus Plc

("SuperSearch " or the "Company")

 

UNAUDITED INTERIM REPORT FOR THE SIX MONTHS ENDED 30 June 2025

SuperSearch Plus plc (AQSE: SSP) announces its interim results for the half year ending 30 June 2025 following the listing on 25 March 2025.

Highlights

·      Turnover of £548k

·      Loss for the period of £51k

·      Profit before Listing expenses of £129k

·      Cash position of £52k

·      NAV of £892k

CEO Interim report

 

SuperSearch delivered a solid performance in the six months to 30 June 2025, recording total revenue of £548k. Gross profit amounted to £260k, resulting in a net profit of £129k before one-off listing expenses of  £180k.

 

We are very pleased with SuperSearch's continued growth and resilience. SuperSearch has demonstrated strong fundamentals and a clear trajectory for expansion, with a clear priority being the broadening of our customer base and the strengthening of collaborations with major customers, particularly within the overseas Chinese community in Asia.

 

We are investing further in automation to improve production efficiency and cost-effectiveness. At the same time, we are building a stronger and more resilient value chain by deepening relationships with existing suppliers and forming new partnerships, thereby supporting both current operations and future growth.

 

New opportunities in seafood production technology are also being explored. This includes the adoption of artificial intelligence to improve the efficiency and accuracy of information management across our operations.

 

Our international expansion strategy is progressing. We are preparing to enter European markets and establish sales in key overseas locations. This should enhance our global brand recognition, diversify revenue streams, and better meet the needs of our international customers.

 

With these initiatives, the Group is well-positioned to capture growth opportunities, enhance competitiveness, and create lasting value for our shareholders.

 

I remain confident that our strategy will continue to deliver strong results in the years ahead.

 

Foelan Wong

CEO

 

30 September 2025

 

The directors of the Company take responsibility for this announcement.

For further information, please contact:



Foelan Wong

info@supersearchplus.uk

 

SuperSearch Plus plc

                              

 

AQSE Exchange Growth Market Corporate Adviser


Alfred Henry Corporate Finance Limited

+44 20 8064 4056

Nick Michaels / Maya K. Wassink

 enquiries@alfredhenry.com



 

 

GROUP STATEMENT OF COMPREHENSIVE INCOME

FOR THE SIX-MONTH PERIOD TO 30 JUNE 2025

 

 

 

Six months

ended

30 June 2025

Unaudited

 

£'000

Six months

ended

30 June 2024

Unaudited

 

£'000

Year ended

31 December 2024

Unaudited

 

£'000

 

 

 

 

 

 

 

 

 

 

Turnover


548

559

1,142

Cost of sales

 

(288)

(293)

(599)

Gross profit

 

260

266

543


 




Administrative expenses

Listing expenses

 

(131)

(180)

(126)

-

(439)

-

Operating profit / (loss)


(51)

140

104

Finance income


-

-

-

Profit / (loss) on ordinary activities before taxation


(51)

140

104

Tax on profit / loss on ordinary activities


-

-

-

Profit / (loss) for the period


(51)

140

104

Other Comprehensive income

 

(60)

1

1

Total Comprehensive income

 

(101)

141

105

 

 

Earnings per share - loss /profit after tax





pence

pence

pence

 

Basic and diluted

(0.8)

43.75

32.5

 

 

 

GROUP STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

 



As at

30 June 2025 Unaudited

£'000

As at

30 June 2024 Unaudited

£'000

As at

31 December 2024

Unaudited

£'000


 

 

 

 

 





Current assets





Trade and other receivables


866

749

749

Cash and cash equivalents


52

61

33

Total current assets


918

810

782






Total assets


918

810

782

 





Current liabilities





Trade and other payables


7

32

38

Tax


19

18

20

Total current liabilities


26

50

58

Total liabilities


26

50

58



 

 

 

Equity


 



Share Capital


57

-

-

Share premium account


272

-

-

Other reserves


(49)

-

        -

Retained reserves


612

760

724

Total equity


892

760

724






Total Equity and Liabilities


918

810

782

 


 

 

 

 

 

CONSOLIDATED GROUP CASHFLOW STATEMENT

FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2025

 

 

Six months ended

30 June 2025

Six months ended

30 June 2024

Year ended

31 December 2024

 

Unaudited

Unaudited

Uaudited

 

 

£'000

£'000

£'000

Cash flows from operating activities





Profit / (loss) before income tax


(51)

140

104

Depreciation


-

9

9

Decrease / (Increase) in trade and other receivables


(117)

(115)

(115)

(Decrease) / Increase in trade and other payables


(32)

16

24

Change in Foreign exchange reserve


(60)

1

1






NET CASH GENERATED/ USED IN OPERATING ACTIVITIES


(260)

51

23











Cash flows from financing activities





Share capital issue


279

-

-

NET CASH GENERATED FROM FINANCING ACTIVITIES


279

-

-






NET INCREASE IN CASH AND CASH EQUIVALENTS


19

51

23






Cash and cash equivalents at beginning of period


33

10

10






CASH AND CASH EQUIVALENTS AT END OF PERIOD

 

52

61

33

 

 

NOTES TO THE FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD TO 30 JUNE 2025

 

1

General Information

 

 

SuperSearch Plus plc is a listed public limited company (Aquis: SSP) incorporated in the UK and registered in England and Wales (Company Number 04918684). The Company's registered office is at 6th floor, 99 Gresham Street, London, EC2V7NG.

 

These interim financial statements do not include all the information required for full annual financial statements and should be read in conjunction with the financial statements of the Company as at and for the period from incorporation to 30 June 2024 which have been prepared in accordance with International Financial Reporting Standards ("IFRS") as adopted by the European Union.

 

The interim financial statements for the six months ended 30 June 2025 are unaudited and have not been reviewed by the Company's auditors MAH Professional Services Limited. The comparative interim figures for the six months ended 30 June 2024 and year ended 31 December 2024 are also unaudited.

 

2                              Basis of preparation

 

The accounting policies applied by the Group in the preparation of these condensed consolidated interim financial statements are the same as those applied by the Company in its consolidated financial statements for the period ended 30 June 2024.

 

Supersearch Plus Plc acquired its investment in its subsidiary in a share for share exchange on 7 February 2025 and there is no goodwill upon consolidation.

 

3                              Profit or loss per share

 

Six months ended 30 June 2025

Unaudited

£'000

Six months ended 30 June 2024

Unaudited

£'000

Year ended 31 December   2024

Unaudited

£'000

 

Basic

 

 

 

 


(51)

140

104


6,591,808

320,000

320,000

Basic earnings / (loss) per share (pence):


0.8

43.75

32.5





The basic loss/ earnings per share were determined by dividing the profit or loss attributable to the equity holders of the Company by the weighted average number of shares outstanding during the periods.

 

4

Called up share capital

 

 

On 7 February 2025 the Company undertook a share for share exchange to acquire Supersearch Capital (Hong Kong) Limited by the issue of 19,680,000 ordinary shares of £0.025 each.

The proceeds from Subscription on admission from the issue of 2,785,583 ordinary shares of £0.025 each at £0.01 per share were £278,558. The costs of admission were £180,000.

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