DJ VVV Sports Limited: Interim Results for the six months ended 30 June 2025
VVV Sports Limited (VVV)
VVV Sports Limited: Interim Results for the six months ended 30 June 2025
30-Sep-2025 / 12:44 GMT/BST
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VVV Sports Limited
("VVV" or the "Group")
Interim Results for the six months ended 30 June 2025
VVV Sports Limited announces its unaudited interim results for the six months ended 30 June 2025.
OVERVIEW
The Company's goals for the six months to 30 June 2025 were to focus from mineral resource exploration to the sports
and media investment sector, with an emphasis on fast-growing racket sports such as padel, pickleball, and beach
tennis.
This transition was formalised following shareholder approval at the AGM held on 9 June 2025, at which point the
Company's name was officially changed from VVV Resources Limited to VVV Sports Limited. To support this new direction,
the Company completed a conditional and underwritten subscription to raise GBP1,000,000 (gross), which was secured via
Campana Investments Ltd. As part of a wider recapitalisation, the Company also issued shares to settle legacy loans
owed to loan note holders ("R8 Noteholders") of R8 Capital Investments plc.
The Company's current investments comprise 100% of the Mitterberg Copper Project in Austria and a 51% holding of the
Shangri La polymetallic project in Western Australia. The Mitterberg concessions comprise 198 contiguous licences over
some 90 square kilometres located approximately 60 kilometres south of Salzburg. The Shangri La project comprises 10
contiguous hectares of what appears to be a polymetallic mineral assemblage comprising gold, silver and copper. In
the period as part of the R8 Noteholders debt for equity swap, the arrangement gained the Company an investment in R8
Capital Investments Plc.
Several board changes occurred to align governance with the new strategy, including the resignation of David Ajemian
and the appointment of Jonathan Rowland as Executive Chairman and Richard Morecroft as Non-Executive Director.
The Board remains confident that the private and pre-IPO markets remain significantly under-served and as such
significant opportunities exist for the Company going forward.
Operationally, the Company intends to divest its legacy resource assets and focus exclusively on sports-related
opportunities going forward. The financial position at 31 December 2024 showed minimal cash reserves (GBP5,000), though
this was significantly improved post-period following the capital raise, bringing cash resources to approximately
GBP826,000.
We would like to thank all our shareholders for their continued support and look forward to updating you on further
news in due course.
Jonathan David Rowland
Executive Chairman
FINANCE REVIEW
The loss for the period to 30 June 2025 was GBP164,000 (30 June 2024: GBP191,000 and 31 December 2024: GBP427,000 loss)
which mainly related to share-based payments, regulatory costs and other corporate overheads. The total revenue for the
period was nil. At 30 June 2025, the Company had cash balances of GBP826,000 (30 June 2024: GBP9,000 and 31 December 2024:
GBP5,000).
The interim accounts to 30 June 2025 have not been reviewed by the Company's auditors.
The Directors of the Company accept responsibility for the contents of this announcement.
For further information please contact:
The Company
Jonathan Rowland
+44 (0)
AQSE Growth Market Corporate Adviser:
Peterhouse Capital Limited
+44 (0) 207 469 0936
Unaudited Condensed Group Statement of Comprehensive Income for the six months ended 30 June 2024
6 months to 6 months to Year ended
30 June 30 June 31 December
2025 2024 2024
Unaudited Unaudited Audited
Notes GBP'000 GBP'000 GBP'000
Continuing operations
Revenue
Investment income - - -
Total gains on AFS investments - - -
Administrative costs (153) (91) (191)
Expenses settled by issuance of shares - (100) (100)
Expense for Warrants (11) - -
Operating (loss) (164) (191) (291)
Finance costs - - -
(Loss) before tax (164) (191) (291)
Taxation - - -
(Loss) for the period (164) (191) (291)
Other comprehensive income
Translation exchange (loss)/gain - - -
Impairment of investment in joint venture - - (136)
Total Comprehensive Income for the year attributable to the owners (164) (191) (427)
of the parent company
(Loss) per share:
Basic and diluted (loss) per share (pence) 2 (1.59) (6.02) (3.89)
Unaudited Condensed Group Statement of Financial Position as at 30 June 2025
Group Group Group
30 June 30 June 31 December
2025 2024 2024
Unaudited Unaudited Audited
Notes GBP'000 GBP'000 GBP'000
ASSETS
Non-current assets
Intangible assets 350 350 350
Investments accounted for using the equity method 1,902 136 -
2,252 486 486
Current assets
Trade and other receivables 18 12 18
Cash and cash equivalents 827 9 5
845 21 23
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