Supersearch Plus PLC - Unaudited Interim Report
Announcement provided by
Supersearch Plus plc · SSP01/10/2025 07:00

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
· Loss for the period of
· Profit before Listing expenses of
· Cash position of
· NAV of
CEO Interim report
SuperSearch delivered a solid performance in the six months to 30 June 2025, recording total revenue of
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
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:
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Foelan Wong |
info@supersearchplus.uk
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SuperSearch Plus plc |
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AQSE Exchange Growth Market Corporate Adviser |
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Alfred Henry Corporate Finance Limited |
+44 20 8064 4056 |
Nick Michaels / Maya K. Wassink |
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GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE SIX-MONTH PERIOD TO 30 JUNE 2025
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|
Six months ended 30 June 2025 Unaudited
£'000 |
Six months ended 30 June 2024 Unaudited
£'000 |
Year ended 31 December 2024 Unaudited
£'000 |
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Turnover |
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548 |
559 |
1,142 |
Cost of sales |
|
(288) |
(293) |
(599) |
Gross profit |
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260 |
266 |
543 |
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Administrative expenses Listing expenses |
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(131) (180) |
(126) - |
(439) - |
Operating profit / (loss) |
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(51) |
140 |
104 |
Finance income |
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- |
- |
- |
Profit / (loss) on ordinary activities before taxation |
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(51) |
140 |
104 |
Tax on profit / loss on ordinary activities |
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- |
- |
- |
Profit / (loss) for the period |
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(51) |
140 |
104 |
Other Comprehensive income |
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(60) |
1 |
1 |
Total Comprehensive income |
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(101) |
141 |
105 |
Earnings per share - loss /profit after tax |
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pence |
pence |
pence |
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Basic and diluted |
(0.8) |
43.75 |
32.5 |
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GROUP STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
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As at 30 June 2025 Unaudited £'000 |
As at 30 June 2024 Unaudited £'000 |
As at 31 December 2024 Unaudited £'000 |
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Current assets |
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|
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Trade and other receivables |
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866 |
749 |
749 |
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Cash and cash equivalents |
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52 |
61 |
33 |
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Total current assets |
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918 |
810 |
782 |
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|
|
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Total assets |
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918 |
810 |
782 |
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Current liabilities |
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|
|
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Trade and other payables |
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7 |
32 |
38 |
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Tax |
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19 |
18 |
20 |
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Total current liabilities |
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26 |
50 |
58 |
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Total liabilities |
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26 |
50 |
58 |
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Equity |
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Share Capital |
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57 |
- |
- |
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Share premium account |
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272 |
- |
- |
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Other reserves |
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(49) |
- |
- |
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Retained reserves |
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612 |
760 |
724 |
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Total equity |
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892 |
760 |
724 |
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Total Equity and Liabilities |
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918 |
810 |
782 |
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CONSOLIDATED GROUP CASHFLOW STATEMENT
FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2025
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Six months ended 30 June 2025 |
Six months ended 30 June 2024 |
Year ended 31 December 2024 |
|
|
Unaudited |
Unaudited |
Uaudited |
|
|
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£'000 |
£'000 |
£'000 |
Cash flows from operating activities |
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|
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Profit / (loss) before income tax |
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(51) |
140 |
104 |
Depreciation |
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- |
9 |
9 |
Decrease / (Increase) in trade and other receivables |
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(117) |
(115) |
(115) |
(Decrease) / Increase in trade and other payables |
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(32) |
16 |
24 |
Change in Foreign exchange reserve |
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(60) |
1 |
1 |
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NET CASH GENERATED/ USED IN OPERATING ACTIVITIES |
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(260) |
51 |
23 |
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|
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|
|
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|
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Cash flows from financing activities |
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|
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Share capital issue |
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279 |
- |
- |
NET CASH GENERATED FROM FINANCING ACTIVITIES |
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279 |
- |
- |
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|
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NET INCREASE IN CASH AND CASH EQUIVALENTS |
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19 |
51 |
23 |
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Cash and cash equivalents at beginning of period |
|
33 |
10 |
10 |
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|
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CASH AND CASH EQUIVALENTS AT END OF PERIOD |
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52 |
61 |
33 |
NOTES TO THE FINANCIAL STATEMENTS
FOR THE SIX-MONTH PERIOD TO 30 JUNE 2025
1 |
General Information |
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SuperSearch Plus plc is a listed public limited company (Aquis: SSP) incorporated in the
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
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Six months ended 30 June 2025 Unaudited £'000 |
Six months ended 30 June 2024 Unaudited £'000 |
Year ended 31 December 2024 Unaudited £'000 |
Basic |
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Profit / (Loss) for the period attributable to owners of the Company |
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(51) |
140 |
104 |
Weighted average number of shares: |
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6,591,808 |
320,000 |
320,000 |
Basic earnings / (loss) per share (pence): |
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0.8 |
43.75 |
32.5 |
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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 |
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On 7 February 2025 the Company undertook a share for share exchange to acquire Supersearch Capital (
The proceeds from Subscription on admission from the issue of 2,785,583 ordinary shares of
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