DJ Anemoi International Ltd: 2025 Interim Results
Anemoi International Ltd (AMOI)
Anemoi International Ltd: 2025 Interim Results
29-Sep-2025 / 07:30 GMT/BST
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Anemoi International Ltd
Anemoi International Ltd
(Reuters: AMOI.L, Bloomberg: AMOI:LN)
("Anemoi" or the "Company")
Interim Results for the period ended 30 June 2025
The Company is pleased to announce its results for the six months ended 30 June 2025. The interim results have been
submitted to the FCA and will shortly be available on the Company's website: www.anemoi-international.com
Chairman's Statement
What has happened in the KYC/AML market year to date 2025
In 2025, the KYC/AML market has seen significant developments driven by regulatory focus, technological advancements,
and expanding enforcement. Key trends include:
1. Regulatory Shifts and Enforcement:
-- Regulators globally are emphasizing higher transparency, real-time monitoring, and risk-based frameworks to
prioritize high-risk transactions and customers.
-- Enhanced guidance from bodies like FATF stresses national risk assessments, beneficial ownership transparency, and
stronger oversight of virtual assets and DeFi.
-- Enforcement actions have surged, with banks facing over USD3.5 billion in AML fines so far this year, and growing
scrutiny on cryptocurrency exchanges, fintech, and gambling sectors.
-- Jurisdictions like the UK have implemented robust sanctions enforcement and mandatory disclosure reforms for
overseas entities and trusts, increasing compliance demands.
2. Technology Adoption and Automation:
-- AI, machine learning, and blockchain are increasingly integrated for identity verification, transaction monitoring,
and suspicious activity detection.
-- Over 70% of KYC onboarding now utilizes automated biometric identification and digital verification, offering
faster, data-driven compliance.
-- RegTech solutions are projected to exceed a USD22 billion market size in 2025, aiding financial institutions in
sanction screening, enhanced due diligence, and regulatory reporting.
3. Market Dynamics and Challenges:
-- The need to modernize legacy systems and address synthetic identity fraud remains a challenge.
-- Financial institutions are expanding budgets for AML compliance but face uncertainties in meeting evolving
regulatory expectations.
-- There is growing alignment across jurisdictions for beneficial ownership data sharing and cooperation to combat
cross-border financial crime.
Overall, 2025 is marked by a global pivot to smarter, technology-enabled KYC/AML compliance amid tougher regulatory
scrutiny and increasing penalties for non-compliance.
Unfortunately, id4 has so far failed to capitalize on the opportunity presented by the continued growth in the KYC/AML
Market mentioned above, such that the Company is pivoting to an outsource sales strategy.
In parallel, the Board has also invited Richard Emanuel to the Board as Executive Chairman. Richard and I have already
struck up a good working relationship, which I hope will result in positioning the Company for Growth. As previously
announced, we have introduced a Crypto Treasury Management Strategy and already reaped positive returns from our
holdings. Although I would point out that unlike many other companies that have gone down this road, our primary focus
is to grow our core business and expand through acquisition, as possible.
Given the Company's results, I have again decided to waive my consultancy fee.
Duncan Soukup
Chairman
Anemoi International Ltd
26 September 2025
Financial Review
During the period under review Book Value per share decreased from 2.25p as at 31 December 2024 to GBP2.07p per share at
30 June 2025, driven by ongoing operating losses in ID4 AG, partially offset by investment returns of GBP18k.
The Group Operating Loss before depreciation for the period increased from GBP(22)k in H1 2024 to GBP(185)k in H1 2025.
2024 results were positively impacted by the Chairman's Fee waiver for the proceeding reporting periods and in 2025 the
Chairman again waived fees.
The Group Loss Before Tax for the period also increased from GBP(108)k in H1 2024 to GBP(279)k in H1 2025.
Total Income decreased from GBP72k in H1 2024 to GBP56k in H1 2025. The decline in Software services' income was partially
offset by positive contribution from financial holdings and increased interest income.
Total Administrative Expenses increased from GBP85k in H1 2024 to GBP218k in H1 2025. GBP23k of other savings were identified
in the current period vs the comparative period across other Administrative Expenses categories, including IT
(accounting software savings), rent/office expenses and professional fees.
Development Costs capitalised to Intangible Assets were reduced from GBP78k in H1 2024 to Nil in H1 2025 helping to
preserve cash.
Responsibility Statement
We confirm that to the best of our knowledge:
a) the condensed set of financial statements has been prepared in accordance with IAS 34 'Interim Financial Reporting'
b) the interim management report includes a fair review of the information required by DTR 4.2.7R (indication of
important events during the first six months and description of principal risks and uncertainties for the remaining six
months of the year); and
c) the interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of
related parties' transactions and changes therein).
Cautionary statement
This Interim Management Report (IMR) has been prepared solely to provide additional information to shareholders to
enable them to assess the Company's strategy and the potential for that strategy to succeed. The IMR should not be
relied on by any other party or for any other purpose.
Duncan Soukup
Chairman
Anemoi International Ltd
26 September 2025
RISKS AND UNCERTAINTIES
A summary of the key risks and mitigation strategies is below:
Rank Risk Mitigation
Portfolio Diversification: Our investment strategy
emphasizes diversification across sectors, asset
classes, and geographies
Recent geopolitical tensions and shifts in trade
policy, particularly between major economies, have
increased uncertainty around global trade flows.
Changes in trade policies, including the imposition Engagement with Portfolio Companies: Where
of tariffs or trade restrictions between major applicable, we engage with the management of key
1. economies, can influence market volatility, affect portfolio companies to assess their exposure to
corporate earnings, and shift global capital flows. tariffs and their mitigation plans
These developments may lead to reduced investment
returns or increased risk across certain asset
classes or geographies. Also, capital markets
activity and raising new money are effected. Dynamic Asset Allocation: Retain the flexibility to
adjust exposures in response to material
trade-related risks, including reweighting positions
in sectors or regions disproportionately affected by
tariff changes.
Insufficient cash resources to meet liabilities, Short term and annual business plans are prepared
2. continue as a going concern and finance key and are reviewed on an ongoing basis.
projects.
Loss of key management/staff resulting in failure to Regular review of both the Board's and key
3. identify and secure potential investment management's abilities. Review of salaries and
opportunities and meet contractual requirements. benefits including long term incentives and ongoing
communication with key individuals.
Failure to maintain strong and effective relations The Board and senior management seek to establish
4. with key stakeholders in investments resulting in and maintain an open and transparent dialogue with
loss of contracts or value. key stakeholders.
Key management are professionally qualified. In
5. Failure to comply with law and regulations in the addition the Company appoints relevant professional
jurisdictions in which we operate. advisers (legal, tax, accounting etc) in the
jurisdictions in which we operate.
The Group is currently poised to take advantage of
disruption to the global economy with a low cost
Significant changes in the political environment, base and flexibility to scale up as and when the
including the impact of the conflict in Ukraine and economy recovers.
6. Gaza, results in loss of resources/market and/or
business failure.
Increased focus on compliance within the financial
investment world will benefit the company long term.
The Company will adopt a conservative and carefully
controlled crypto treasury management framework.
Exposure levels will be limited to a prudent
The adoption by the Company of a crypto treasury proportion of total treasury assets, with regular
management strategy indirectly exposes shareholders rebalancing to manage volatility. Reputable,
7. to the high-risk nature of crypto assets, such as regulated service providers will be engaged
volatility in value, potential fraudulent activity following thorough due diligence, with custody
and the failings of service providers. arrangements structured to reduce counterparty risk.
Independent oversight, robust internal controls, and
periodic audits will be implemented to safeguard
against fraud and operational failures.
Disclaimer: Crypto assets are not currently regulated by the Financial Conduct Authority (FCA) and involve a high degree of risk, including significant volatility and potential loss. Nothing herein constitutes investment advice, a financial promotion, or an offer to buy or sell any crypto assets. Shareholders and prospective investors should exercise caution and seek appropriate independent advice.
Interim Condensed Consolidated Statement of Income
For the six months ended 30 June 2025
6 Months to 6 Months to Year Ended
Jun 2025 Jun 2024 Dec 2024
GBP GBP GBP
Note Unaudited Unaudited Audited
Software services income 37,859 46,265 97,080
Net gains/(losses) on investments at fair value 13,795 7,597 (35,628)
Investment interest income 4,635 18,504 31,214
Total Income 56,289 72,366 92,666
Software services expenses (17,801) (5,865) (68,741)
Financial holdings expenses (5,735) (3,113) (11,354)
Total Cost of Sales (23,536) (8,978) (80,095)
Gross profit 32,753 63,388 12,571
Total administrative expenses (217,720) (85,467) (318,034)
Operating loss before depreciation (184,967) (22,079) (305,463)
Depreciation and Amortisation 5 (94,519) (83,196) (171,601)
Operating loss (279,486) (105,275) (477,064)
Net financial income/(expense) - (2,873) (2,873)
Share of profits of associated entities - - 19,377
Profit/(loss) before taxation (279,486) (108,148) (460,560)
Taxation (913) (1,676) (1,678)
Profit/(loss) for the period (280,399) (109,824) (462,238)
Earnings per share - pence (using weighted average number of
shares)
Basic and Diluted (0.18) (0.07) (0.29)
Basic and Diluted 4 (0.18) (0.07) (0.29)
The notes on pages 13 to 17 form an integral part of this consolidated interim financial information.
Interim Condensed Consolidated Statement of Comprehensive Income
For the six months ended 30 June 2025
6 Months to 6 Months to Year Ended
Jun 2025 Jun 2024 Dec 2024
GBP GBP GBP
Unaudited Unaudited Audited
Loss for the financial year (280,399) (109,824) (462,238)
Other comprehensive income:
Exchange differences on re-translating foreign operations (13,303) (93,399) (81,144)
Total comprehensive income (293,702) (203,223) (543,382)
Attributable to:
Equity shareholders of the parent (293,702) (203,223) (543,382)
Total Comprehensive income (293,702) (203,223) (543,382)
The notes on pages 13 to 17 form an integral part of this consolidated interim financial information.
Interim Condensed Consolidated Statement of Financial Position
As at 30 June 2025
As at As at As at
Jun 2025 Jun 2024 Dec 2024
GBP GBP GBP
Note Unaudited Unaudited Audited
Assets
Non-current assets
Goodwill 5 1,462,774 1,462,774 1,462,774
Intangible assets 5 1,246,939 1,349,703 1,283,259
Property, plant and equipment 5 5,510 10,472 10,346
Investment in associated entities 36,267 16,890 36,267
Total non-current assets 2,751,490 2,839,839 2,792,646
Current assets
Trade and other receivables 100,490 92,632 107,744
Investments at fair value through profit or loss 6 234,797 48,313 -
Cash and cash equivalents 377,599 1,146,741 900,756
Total current assets 712,886 1,287,686 1,008,500
Liabilities
Current liabilities
Trade and other payables 220,867 250,155 263,935
Total current liabilities 220,867 250,155 263,935
Net current assets 492,019 1,037,531 744,565
Net assets 3,243,509 3,877,370 3,537,211
Shareholders' Equity
Share capital 7 117,750 117,750 117,750
Share premium 5,773,031 5,773,031 5,773,031
Preference shares 246,096 246,096 246,096
Other Reserves 70,070 70,070 70,070
Foreign exchange reserve 299,648 300,696 312,951
Retained earnings (3,263,086) (2,630,273) (2,982,687)
Total shareholders' equity 3,243,509 3,877,370 3,537,211
Total equity 3,243,509 3,877,370 3,537,211
The notes on pages 13 to 17 form an integral part of this consolidated interim financial information.
These financial statements were approved by the board 26 September 2025.
Signed on behalf of the board by:
Duncan Soukup
Interim Condensed Consolidated Statement of Cash Flows
For the six months ended 30 June 2025
6 Months to 6 Months to Year ended
Jun 2025 Jun 2024 Dec 2024
GBP GBP GBP
Notes Unaudited Unaudited Audited
Cash flows from operating activities
Profit/(Loss) for the period before financing (279,486) (105,275) (477,064)
(Increase)/decrease in trade and other receivables 7,254 283,474 268,362
(Decrease)/increase in trade and other payables (43,068) (566,331) (552,551)
Finance costs (5,382) (18,504) -
Net exchange differences (53,362) 84,860 80,901
(Profit)/Loss from change in fair value of investments held at fair value (8,983) (31,958) -
through profit or loss
Fair value movement on portfolio investments (4,066) 24,361 35,628
Depreciation and amortisation 5 94,519 83,196 171,601
Cash generated by operations (292,574) (246,177) (473,123)
Taxation (913) (1,676) (1,678)
Net cash flow from operating activities (293,487) (247,853) (474,801)
Cash flows from investing activities
Net (purchase)/sale of portfolio holdings (221,749) (40,716) (35,628)
Sale/(Purchase) of intangible assets 5 - (77,969) (95,844)
Net cash flow in investing activities (221,749) (118,685) (131,472)
Cash flows from financing activities
Interest paid - (2,873) (2,874)
Interest received 5,382 18,504 -
Net cash flow from financing activities 5,382 15,631 (2,874)
Net increase in cash and cash equivalents (509,854) (350,907) (609,147)
Cash and cash equivalents at the start of the period 900,756 1,591,047 1,591,047
Effects of foreign exchange rate changes (13,303) (93,399) (81,144)
Cash and cash equivalents at the end of the period 377,599 1,146,741 900,756
The notes on pages 13 to 17 form an integral part of this consolidated interim financial information.
Interim Condensed Consolidated Statement of Changes in Equity
For the six months ended 30 June 2025
Share Share Preference Other Foreign Retained Total
Exchange Shareholders
Capital Premium Shares Reserves Reserves Earnings Equity
GBP GBP GBP GBP GBP GBP GBP
Balance as at 31 December 2023 117,750 5,773,031 246,096 70,070 394,095 (2,520,449) 4,080,593
Foreign Exchange on - - - - (93,399) - (93,399)
translation
Total comprehensive income for - - - - - (109,824) (109,824)
the period
Balance as at 30 June 2024 117,750 5,773,031 246,096 70,070 300,696 (2,630,273) 3,877,370
Foreign Exchange on - - - - 12,255 - 12,255
translation
Total comprehensive income for - - - - - (352,414) (352,414)
the period
Balance as at 31 December 2024 117,750 5,773,031 246,096 70,070 312,951 (2,982,687) 3,537,211
Foreign Exchange on - - - - (13,303) - (13,303)
translation
Total comprehensive income for - - - - - (280,399) (280,399)
the period
Balance as at 30 June 2025 117,750 5,773,031 246,096 70,070 299,648 (3,263,086) 3,243,509
The notes on pages 13 to 17 form an integral part of this consolidated interim financial information.
Notes to the Condensed Financial Information
1. General information
Anemoi International Ltd (the "Company") is a British Virgin Island ("BVI") International business company ("IBC"), incorporated and registered in the BVI on 6 May 2020. The Company is a holding company actively seeking investment opportunities.
id4 AG is a wholly owned subsidiary of Anemoi and was formed as part of the merger of the former id4 AG ("id4") with and into its parent, Apeiron Holdings AG on 14 September 2021. id4 was incorporated and registered in the Canton of Lucerne in Switzerland in April 2019 whilst Apeiron Holdings AG was incorporated and registered in December 2018. Following the merger, Apeiron Holdings AG was renamed id4 AG.
On the 17th December 2021, the entire share capital of id4 AG was purchased by Anemoi International Ltd.
Id4 CLM (UK) Ltd is a wholly owned subsidiary of Anemoi, incorporated on 26 November 2021 in England and Wales. Id4 CLM (UK) Ltd is a private limited company, limited by shares.
2 Significant Accounting policies
The Group financial statements consolidate those of the Company and its subsidiaries (together referred to as the "Group").
The Group prepares its accounts in accordance with applicable UK Adopted International Accounting Standards "IFRS".
The financial statements are expressed in GBP.
The accounting policies applied by the Company in this unaudited consolidated interim financial information are the same as those applied by the Company in its consolidated financial statements as at 31 December 2024.
The financial information has been prepared under the historical cost convention, as modified by the accounting standard for financial instruments at fair value.
1. Basis of preparation
The condensed consolidated interim financial information for the six months ended 30 June 2025 has been prepared in accordance with International Accounting Standard No. 34, 'Interim Financial Reporting'. They do not include all of the information required for full annual financial statements and should be read in conjunction with the consolidated financial statements of the Company as at and for the year ended 31 December 2024. Prior year comparatives have been reclassified to conform to current year presentation.
These condensed interim financial statements for the six months ended 30 June 2025 are unaudited and do not constitute full accounts. The independent auditor's report on the 2024 financial statements was not qualified.
2. Going concern
The financial information has been prepared on the going concern basis as management consider that the Company has sufficient cash to fund its current commitments for the foreseeable future.
Notes to the Condensed Financial Information Continued
3. Net Financial Expense
Six months Six months Year
ended ended ended
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
GBP GBP GBP
Other interest expense - 1,671 1,671
Bank interest expense - 1,202 1,202
- 2,873 2,873
4. Earnings per share
Six months Six months Year
ended ended ended
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
GBP GBP GBP
The calculation of earnings per share is based on
the following loss attributable to ordinary shareholders and number
of shares:
Loss for the period (280,399) (109,824) (462,238)
Weighted average number of shares of the Company 157,041,665 157,041,665 157,041,665
Earnings per share:
Basic and Diluted (pence) (0.18) (0.07) (0.29)
Number of shares outstanding at the period end: 157,041,665 157,041,665 157,041,665
Number of shares in issue
Opening Balance 157,041,665 157,041,665 157,041,665
Issuance of Share Capital - - -
Basic number of shares in issue 157,041,665 157,041,665 157,041,665
Notes to the Condensed Financial Information Continued
5. Non-current assets
Plant
Intangible and
Total Goodwill Assets Equipment
Cost GBP GBP GBP GBP
Cost at 1 January 2025 3,181,338 1,462,774 1,704,786 13,778
FX movement 74,596 - 74,036 560
3,255,934 1,462,774 1,778,822 14,338
Additions - - - -
Cost at 30 June 2025 3,255,934 1,462,774 1,778,822 14,338
Depreciation/Amortisation
Depreciation/Amortisation at 1 January 2025 424,959 - 421,527 3,432
FX movement 18,440 - 18,306 134
443,399 - 439,833 3,566
Charge for the period on continuing operations 94,519 - 89,405 5,114
FX movement 2,793 - 2,645 148
Depreciation/Amortisation at 30 June 2025 540,711 - 531,883 8,828
Closing net book value at 30 June 2025 2,715,223 1,462,774 1,246,939 5,510
For impairment testing purposes, management considers the operations of the Company to represent a two cash generating units (CGUs), one providing software and digital solutions to the financial services industry, and the rest of the business.
6. Securities
The Company classifies the following financial assets at fair value through profit or loss (FVPL):-
Equity investments that are held for trading.
As at As at As at
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
GBP GBP GBP
Securities
At the beginning of the period - - -
Additions 241,464 123,568 141,883
Unrealised gain/(losses) 13,049 7,596 (35,628)
Disposals (19,716) (82,851) (106,255)
At period close 234,797 48,313 -
Investments have been valued incorporating Level 1 inputs in accordance with IFRS7.
Notes to the Condensed Financial Information Continued
7. Share Capital
As at As at As at
30 Jun 25 30 Jun 24 31 Dec 24
Unaudited Unaudited Audited
GBP GBP GBP
Authorised share capital:
Unlimited ordinary shares of USD0.001 each - - -
Fully subscribed shares 117,750 117,750 117,750
Number Number Number
of shares of shares of shares
Fully subscribed shares 157,041,665 157,041,665 157,041,665
Balance at close of period 157,041,665 157,041,665 157,041,665
Under the Company's articles of association, the Board is authorised to offer, allot, grant options over or otherwise dispose of any unissued shares. Furthermore, the Directors are authorised to purchase, redeem or otherwise acquire any of the Company's own shares for such consideration as they consider fit, and either cancel or hold such shares as treasury shares. The directors may dispose of any shares held as treasury shares on such terms and conditions as they may from time to time determine. Further, the Company may redeem its own shares for such amount, at such times and on such notice as the directors may determine, provided that any such redemption is pro rata to each shareholders' then percentage holding in the Company.
On the 14th April 2021, a total of 5,999,999 new DIs (the "Placing DIs") were placed by at a price of GBP0.04 per Placing DIs (the "Placing") with existing and new investors ("Placees") raising gross proceeds of approximately GBP240,000. The Placing DIs represent Ordinary Shares representing 20 per cent. of the Ordinary Share capital of the Company prior to the Placing.
On the 16th August 2021 the Board announced that the par value of its issued and outstanding ordinary shares of no par value had changed to USUSD0.001 per Ordinary Share. The total number of issued shares with voting rights remained unchanged at 35,999,999 Ordinary Shares. Aside from the change in nominal value, the rights attaching to the Ordinary Shares (including all voting and dividend rights and rights on a return of capital) remained unchanged.
On the 17th December 2021, following the acquisition of id4 AG, 66,666,666 New Ordinary Shares of USD0.001 were issued to the shareholders of id4 in settlement of consideration for the acquisition and the Company was readmitted to trading on the London Stock Exchange.
On the 17th December 2021, alongside the acquisition of id4 AG, 54,375,000 New Ordinary Shares of USD0.001 were issued in a further placing with existing and new investors, raising a total of GBP2,175,000.
Notes to the Condensed Financial Information Continued
8. Related Party Transactions
Thalassa Holdings Ltd, which holds shares in the Company is related by common control through the Chairman, Duncan Soukup. Thalassa Holdings Ltd invoiced the Company for administration costs totalling GBP10,359 (June 2024: GBP18,364, Dec 2024: GBP39,036). At the period end the balance owed to Thalassa Group totalled GBPNil (June 2024: GBP13,074, Dec 2024: GBP12,880).
Consultancy and administrative services were accrued on behalf of a company, Fleur De Lys, in which the Chairman has a beneficial interest. The Company accrued GBP44,274 of fees and GBP4,347 expenses in the period which relate to H1 2025 of which GBP44,274 were waived (Accrued Fees: Jun 2024: waived GBP192,710 related to 2024 and prior years, Dec 2024: waived GBP241,045 related to 2024 and prior years).
Athenium Consultancy Ltd, a company in which the Company owns shares invoiced the Company for financial and corporate administration services totalling GBP82,500 for the period plus GBP3,553 expenses (Jun 2024: GBP82,500, Dec 2024: GBP165,000).
During the period Tim Donell, non-executive director, invoiced the Group 2025 fees of GBP2,500 of which GBPNil was owed as at 30 June 2025 (2024: GBP2,500) and GBP2,500 accrued.
During the period Kenneth Morgan, non-executive director, invoiced the Group 2024 fees GBP8,059 of which GBPNil was owed as at 30 June 2025 (2024: GBPNil) and GBP4,167 accrued.
During the period Luca Tomasi, non-executive director, invoiced the Group 2024 & 2025 fees of GBP10,000 of which GBPNil was owed as at 30 June 2025 (2024: GBPNil) and GBP5,000 accrued.
During the period Alexander Joost, director of id4, invoiced the Group 2025 fees of GBPNil of which GBPNil was owed as at 30 June 2025 (2024: GBPNil) and GBP2,756 accrued.
9. Subsequent events
On 16 April 2025 the Company's articles of association were amended to disapply section 175 of the BVI Business Companies Act 2004.
On 5 June 2025 the Board resolved to adopt a crypto treasury management strategy
On 4 July 2025 Richard Emanuel was appointed as a director of the Company
On 22 July 2025 Richard Emanuel was issued 65,000,000 'D' Warrants and Duncan Soukup 40,000,000 'E' Warrants, both warrant classes having exercise conditions relating to the Company's share price performance.
10. Copies of the Interim Report
The interim report is available on the Company's website: www.anemoi-international.com.
END
For further information, please contact:
Enquiries: -- enquiries@anemoi-international.com
Anemoi International Ltd
www.anemoi-international.com
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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: VGG0419A1057 Category Code: IR TIDM: AMOI LEI Code: 213800MIKNEVN81JIR76 Sequence No.: 403417 EQS News ID: 2204630 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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