DJ Gledhow Investments plc: Audited Final Results to 30 September 2025 and Notice of Annual General Meeting
Gledhow Investments plc (GDH)
Gledhow Investments plc: Audited Final Results to 30 September 2025 and Notice of Annual General Meeting
31-March-2026 / 18:03 GMT/BST
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Gledhow Investments plc
("Gledhow" or the "Company")
AQSE: GDH
Audited Final Results to 30 September 2025
Notice of Annual General Meeting
I have the pleasure in presenting your Company's Annual Report and Financial Statements for the year ended 30 September
2025.
Approximately half the portfolio that was acquired, announced on 21 May and 13 August 2025, has been sold. The
portfolio was acquired through a combination of shares and convertible loan notes. The sale has added to the net cash
balances of the Company, that as at today's date stands at approximately GBP762,035. Whilst this portfolio of investments
has been sold on average, at the approximate price paid for the portfolio, subsequently to entering into the deal (May
2025 announcement), the Company benefited by renegotiating the outstanding convertible loan notes from a conversion
price of GBP0.00425 to GBP0.01, halving the CLNs liability to the Company (August 2025 announcement).
Whilst the Company's trading activity has reduced with low levels of fundraising in the small microcap UK public
markets, the directors continue to follow an investment strategy, through investing in small undervalued or
fast-growing companies, with the investment objective of achieving long-term capital growth in excess of the FTSE All
Share Index. Opportunities in the UK public markets are presenting themselves and the Company is taking some advantage
of market volatility.
The Company had cash of GBP789,062 at the year-end (2024: GBP150,426). The pre-tax profit was GBP71,823 (2024: pre- tax loss
of GBP422,980).
The Company has continued to hold positions in AIM, LSE and Aquis Stock Exchange Growth Market traded companies,
including those companies at early stages of development.
The Company had one private investment, Eastport Critical Metals Corp, that subsequently listed on the TSXV under
ticker EVI. Gledhow invested approximately GBP95,000. Today the shares are worth approximately GBP175,493.
The Company does not recommend payment of a dividend for the year ended 30 September 2025.
The Notice of Annual General Meeting ("AGM") is set out at the back of the annual report and accounts. The AGM Notice
is being posted to shareholders and will be held on Wednesday 29 April 2026 at 3.00 pm at the offices of AlbR Capital
Ltd, 3rd Floor, 80 Cheapside, London, EC2V 6EE.
G R Miller
Managing Director
31 March 2026
The full audited accounts will shortly be available at the Company website at http://www.gledhowinvestments.com/
The Directors of the Company accept responsibility for the contents of this announcement.
For further information please contact:
Guy Miller 020 7220 9795 (Gledhow Investments plc)
Auditor conclusions relating to going concern
"In auditing the financial statements, we have concluded that the directors' use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Our evaluation of the directors' assessment of the company's ability to continue to adopt the going concern basis of
accounting included assessing the directors' plans for the future, confirming investment and cash balances, together
with fixed operating costs for the foreseeable future.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern
for a period of at least twelve months from when the financial statements are authorised for issue."
Statement of Comprehensive Income for the year ended 30 September 2025
2025 2024
GBP GBP
Turnover 1,031,997 282,127
Cost of sales (886,891) (626,542)
Gross profit/(loss)
145,106 (344,415)
Administrative expenses (73,292) (79,572)
Operating profit/(loss)
71,814 (423,987)
Interest receivable and similar income 9 1,007
Profit/(loss) before taxation
71,823 (422,980)
Taxation - -
Profit/(loss) for the financial year
71,823 (422,980)
Total comprehensive profit/(loss) for the year 71,823 (422,980)
Basic profit/(loss) per share (pence) 0.08p (0.48)p
Diluted profit/(loss) per share (pence) 0.08p (0.48)p
The income statement has been prepared on the basis that all operations are continuing operations.
Statement of Financial Position as at 30 September 2025
2025 2024
GBP GBP
Current assets
Investments held for resale 703,990 870,815
Debtors 6,099 -
Cash at bank and in hand 789,062 150,426
1,499,151 1,021,241
Creditors: amounts falling due within one year (293,476) (31,808)
Net current assets and total assets less current liabilities
1,205,675 989,433
Capital and reserves
Called up share capital 1,077,849 975,714
Share premium account 384,408 384,408
(256,582) (370,689)
Profit and loss account Other reserve
- -
Shareholders' funds - equity interests
1,205,675 989,433
The financial statements were approved by the Board and authorised for issue on 31 March 2026.
Statement of Changes in Equity for the year ended 30 September 2025
Profit and loss
reserve
Share
capital Share premium Other reserve
GBP Total
GBP GBP GBP
GBP
Balance at 1 October 2022 975,714 384,408 288,063 49,968 1,698,153
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March 31, 2026 13:03 ET (17:03 GMT)
DJ Gledhow Investments plc: Audited Final Results to 30 September 2025 and Notice of Annual General Meeting -2-
Loss for the year - - (285,740) - (285,740)
Total comprehensive loss for
the year
- -
(285,740) - (285,740)
Transfer of share-based
payment
reserve on lapsed warrants - -
49,968 (49,968) -
Balance at 30 September 2023 975,714 384,408
52,291 - 1,412,413
Loss for the year - -
(422,980) - (422,980)
Total comprehensive loss for
the year - -
(422,980) - (422,980)
Balance at 30 September 2024 975,714 384,408
(370,689) - 989,433
Profit for the year - -
71,823 - 71,823
71,823
Total comprehensive loss for the
year - - 71,823 -
Issue of treasury shares
-- -
42,284 -
42,284
Issue of new ordinary shares 102,135
-
- -
102,135
Balance at 30 September 2025 1.077,849 384,408
(256,582) - 1,205,675
Statement of Cash Flows for the year ended 30 September 2025
2025 2024
GBP GBP
Cash flows from operating activities
Cash used in operations (84,893) (17,670)
Taxation received/(paid) - -
Net cash (outflow)/inflow from operating activities
(84,893) (17,670)
Investing activities
Proceeds from disposal of investments 931,737 282,127
Purchase of investments (208,217) (289,090)
Interest received 9 1,007
Net cash (used in)/generated from investing activities
723,529 (5,956)
Net (decrease)/increase in cash and cash equivalents
638,636 (23,626)
Cash and cash equivalents at beginning of year 150,426 174,052
Cash and cash equivalents at end of year
789,062 150,426
Relating to:
Cash at bank and in hand 789,062 150,426
Notice of Annual General Meeting
Notice is hereby given that the Annual General Meeting of Gledhow Investments plc ("the Company") will be held at 3.00 pm on Wednesday 29 April 2026 at the offices of AlbR Capital Limited, 3rd Floor, 80 Cheapside, London, EC2V 6EE to consider the following resolutions of which numbers 1 to 5 will be proposed as ordinary resolutions and numbers 6 and 7 as special resolutions:
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March 31, 2026 13:03 ET (17:03 GMT)
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