Globe Capital Limited - Annual Financial Report and Appointment of Corporate Broker
News provided by
Globe Capital Limited30 Jun, 2026, 06:00 GMT
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY EVRIMA PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
30 June 2026
Globe Capital Limited
("Globe Capital" or the "Company")
Annual Report for the year ended 31 December 2025
Appointment of AlbR Capital as Corporate Broker
Globe Capital Limited
For the year ended 31 December 2025
Globe Capital Limited (AQSE : GCAP) is please to announce its audited annual results for the year ended 31 December 2025.
Chairman’s Statement
I am pleased to announce the final audited results for Globe Capital Limited (the "Company") and its subsidiaries (the "Group") for the year ended 31 December 2025.
REVIEW OF BUSINESS
The Company has been unable to pursue any significant investment transactions this year. As with the previous year, the primary focus has been on reducing administrative costs and settling legacy debts from prior management, while the Board considers the most suitable investment strategy, anticipating a more favourable environment within the capital markets community.
In addition to the Directors who have extended finance to the Company, the Company's other significant legacy lender, holding a principal amount of £100,000 6% convertible redeemable loan note and the carrying amount of £104,500 as at 31 st December 2025, is now Brustir Pte Ltd. Brustir has been highly supportive and understanding of the Company's objectives, and discussions up to the year-end have been positive in seeking a solution to retire this note.
The Company, with the support of its Board and shareholders, remains committed to evaluating suitable investment opportunities and will continue to maintain a disciplined cost base while preparing for a more favorable market.
POST YEAR-END REVIEW
The Board of Directors has been engaged in positive conversations and is excited to enter the next financial period with promising discussions ongoing.
Consistent with the Company’s activity up to the year-end 2025, the Board has not significantly progressed any investment transactions as of the date of this report.
Key considerations for the Company's future success include reassessing its current investment policy, evaluating distressed operating assets, and retiring its final creditor, Brustir Pte Ltd. Brustir, which acquired a legacy convertible loan note last year, has been an extremely supportive lender. Ongoing discussions with Brustir are focused on potential solutions to redeem the outstanding balance and associated interest.
OUTLOOK
The Board are committed to delivering value to the shareholders of the Company and whilst presented with current market challenges, remain optimistic of identifying investment opportunities that present attractive growth profiles.
The Directors of the Company, who have issued this RIS announcement after due and careful enquiry, accept responsibility for its content.
CORPORATE BROKER APPOINTMENT
The Company also announces that it has appointed AlbR Capital Limited as Corporate Broker with immediate effect.
For further information
| Globe Capital Limited |
Darren Edmonston |
|
|
Tel: +44 (0) 1279 635 511 |
| Aquis Corporate Adviser and Corporate Broker |
AlbR Capital Limited |
|
|
Tel: +44 (0) 20 7469 0930 |
Consolidated statement of profit or loss and other comprehensive income
For the year ended 31 December 2025
|
|
|
|
2025 |
|
2024 |
|
|
|
|
|
GBP |
|
GBP |
|
|
|
|
|
|
|
|
|
| Revenue |
|
|
- |
|
- |
|
| Administrative expenses |
|
|
(105,380 |
) |
(104,377 |
) |
| Finance costs |
|
|
(13,869 |
) |
(14,374 |
) |
|
|
|
|
|
|
|
|
| Loss before income tax |
|
|
(119,249 |
) |
(118,751 |
) |
| Income tax |
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
| Loss and other comprehensive loss for the year |
|
|
(119,249 |
) |
(118,751 |
) |
|
|
|
|
|
|
|
|
| Loss per share |
|
|
Pence |
|
Pence |
|
| Basic and diluted |
|
|
(0.05 |
) |
(0.05 |
) |
All operations are considered to be continuing.
Consolidated statement of financial position
As at 31 December 2025
|
|
|
|
2025 |
|
2024 |
|
|
|
|
|
GBP |
|
GBP |
|
| Non-current assets |
|
|
|
|
|
|
| Goodwill |
|
|
- |
|
- |
|
| Financial assets at fair value through profit or loss |
|
|
3,098 |
|
362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
3,098 |
|
362 |
|
|
|
|
|
|
|
|
|
| Current assets |
|
|
|
|
|
|
| Other receivables and prepayments |
|
|
11,257 |
|
11,190 |
|
| Cash and cash equivalents |
|
|
915 |
|
120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
12,172 |
|
11,310 |
|
|
|
|
|
|
|
|
|
| Current liabilities |
|
|
|
|
|
|
| Other payables |
|
|
324,937 |
|
289,589 |
|
|
|
|
|
|
|
|
|
| Net current liabilities |
|
|
(312,765 |
) |
(278,279 |
) |
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
(309,667 |
) |
(277,917 |
) |
|
|
|
|
|
|
|
|
| Non-current liabilities |
|
|
|
|
|
|
| Amounts due to related companies |
|
|
200,171 |
|
136,671 |
|
| Amounts due to directors |
|
|
159,777 |
|
135,777 |
|
|
|
|
|
|
|
|
|
|
|
|
|
359,948 |
|
272,448 |
|
|
|
|
|
|
|
|
|
| Net liabilities |
|
|
(669,615 |
) |
(550,365 |
) |
|
|
|
|
|
|
|
|
| Capital and reserves |
|
|
|
|
|
|
| Share capital |
|
|
645,094 |
|
645,094 |
|
| Share premium account |
|
|
940,226 |
|
940,226 |
|
| Reserves |
|
|
(2,254,935 |
) |
(2,135,685 |
) |
|
|
|
|
|
|
|
|
| Total equity |
|
|
(669,615 |
) |
(550,365 |
) |
Company statement of financial position
As at 31 December 2025
|
|
|
|
2025 |
|
2024 |
|
|
|
|
|
GBP |
|
GBP |
|
| Non-current assets |
|
|
|
|
|
|
| Investment in Subsidiary |
|
|
1,250 |
|
1,250 |
|
| Goodwill |
|
|
- |
|
- |
|
| Financial assets at fair value through profit or loss |
|
|
3,098 |
|
362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
4,348 |
|
1,612 |
|
|
|
|
|
|
|
|
|
| Current assets |
|
|
|
|
|
|
| Other receivables and prepayments |
|
|
11,157 |
|
11,090 |
|
| Loans receivables |
|
|
915 |
|
120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
12,072 |
|
11,210 |
|
|
|
|
|
|
|
|
|
| Current liabilities |
|
|
|
|
|
|
| Other payables |
|
|
324,937 |
|
289,590 |
|
|
|
|
|
|
|
|
|
| Net current liabilities |
|
|
(312,865 |
) |
(278,380 |
) |
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
(308,517 |
) |
(276,768 |
) |
|
|
|
|
|
|
|
|
| Non-current liabilities |
|
|
|
|
|
|
| Amount due to related companies |
|
|
200,171 |
|
136,671 |
|
| Amounts due to directors |
|
|
159,777 |
|
135,777 |
|
|
|
|
|
|
|
|
|
|
|
|
|
359,948 |
|
272,448 |
|
|
|
|
|
|
|
|
|
| Net liabilities |
|
|
(668,465 |
) |
(549,216 |
) |
|
|
|
|
|
|
|
|
| Capital and reserves |
|
|
|
|
|
|
| Share capital |
|
|
645,094 |
|
645,094 |
|
| Share premium account |
|
|
940,226 |
|
940,226 |
|
| Reserves |
|
|
(2,253,785 |
) |
(2,134,536 |
) |
|
|
|
|
|
|
|
|
| Total equity |
|
|
(668,465 |
) |
(549,216 |
) |
The loss of the parent company for the year ended 31 st December 2025 was £119,249 (2024 - £118,751)
Globe Capital Limited
Statement of changes in equity
For the year ended 31 December 2025
Group
|
|
Share |
|
Share |
|
Accumulated |
|
|
|
|
|
capital |
|
premium |
|
losses |
|
Total |
|
|
|
GBP |
|
GBP |
|
GBP |
|
GBP |
|
|
|
|
|
|
|
|
|
|
|
| As at 1.1.2024 |
645,094 |
|
940,226 |
|
(2,016,935 |
) |
(431,615 |
) |
| Loss and total comprehensive loss for the year |
- |
|
- |
|
(118,751 |
) |
(118,751 |
) |
|
|
|
|
|
|
|
|
|
|
| As at 31.12.2024 and 1.1.2025 |
645,094 |
|
940,226 |
|
(2,135,686 |
) |
(550,366 |
) |
| Loss and total comprehensive loss for the year |
- |
|
- |
|
(119,249 |
) |
(119,249 |
) |
|
|
|
|
|
|
|
|
|
|
| As at 31.12.2025 |
645,094 |
|
940,226 |
|
(2,254,935 |
) |
(669,615 |
) |
Company
|
|
Share |
|
Share |
|
Accumulated |
|
|
|
|
|
capital |
|
premium |
|
losses |
|
Total |
|
|
|
GBP |
|
GBP |
|
GBP |
|
GBP |
|
|
|
|
|
|
|
|
|
|
|
| As at 1.1.2024 |
645,094 |
|
940,226 |
|
(2,015,785 |
) |
(430,465 |
) |
| Loss and total comprehensive loss for the year |
- |
|
- |
|
(118,751 |
) |
(118,751 |
) |
|
|
|
|
|
|
|
|
|
|
| As at 31.12.2024 and 1.1.2025 |
645,094 |
|
940,226 |
|
(2,134,536 |
) |
(549,216 |
) |
| Loss and total comprehensive loss for the year |
- |
|
- |
|
(119,249 |
) |
(119,249 |
) |
|
|
|
|
|
|
|
|
|
|
| As at 31.12.2025 |
645,094 |
|
940,226 |
|
(2,253,785 |
) |
(668,465 |
) |
Consolidated statement of cash flows
For the year ended 31 December 2025
|
|
|
|
2025 |
|
2024 |
|
|
|
|
|
GBP |
|
GBP |
|
| Cash flows from operating activities |
|
|
|
|
|
|
| Loss before income tax |
|
|
(119,249 |
) |
(118,751 |
) |
| Adjustments for: |
|
|
|
|
|
|
| Fair value loss on financial assets at fair value through Profit and loss account |
|
|
(2,736) |
|
2,604 |
|
| Interest expenses |
|
|
13,869 |
|
14,374 |
|
|
|
|
|
|
|
|
|
| Operating loss before working capital changes |
|
|
(108,116 |
) |
(101,773 |
) |
| Changes in working capital: |
|
|
|
|
|
|
| Other receivables and prepayments |
|
|
(67
|
) |
(245
|
) |
| Increase/(Decrease) in creditors |
|
|
84,978 |
|
76,337 |
|
|
|
|
|
|
|
|
|
| Net cash used in operating activities |
|
|
(23,205 |
) |
(25,681 |
) |
|
|
|
|
|
|
|
|
| Cash flows from investing activities |
|
|
|
|
|
|
| Increase in loans from related parties |
|
|
- |
|
- |
|
| Increase in directors loan |
|
|
24,000 |
|
24,000 |
|
|
|
|
|
|
|
|
|
| Net cash from investing activities |
|
|
24,000 |
|
24,000 |
|
|
|
|
|
|
|
|
|
| Net decrease in cash and cash Equivalents |
|
|
795 |
|
(1,681 |
) |
| Cash and cash equivalents at beginning of the year |
|
|
120 |
|
1,801 |
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents at end of the year |
|
|
915 |
|
120 |
|
|
|
|
|
|
|
|
|
| Analysis of cash and cash equivalents |
|
|
|
|
|
|
| Cash and bank balances |
|
|
915 |
|
120 |
|
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