Globe Capital Limited - Annual Financial Report and Appointment of Corporate Broker

Globe Capital Limited - Annual Financial Report and Appointment of Corporate Broker

PR Newswire

LONDON, United Kingdom, June 30

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: [phone]
Aquis Corporate Adviser and Corporate Broker	AlbR Capital Limited
	Tel: [phone]

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