Alina Holdings PLC Alina Holdings PLC (Reuters: ALNA.L, Bloomberg: ALNA:LN) ("Alina" 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.alina-holdings.comHighlights for the 6 months ended 30 June 2025 GROUP RESULTS 1H 2025 versus 1H 2024
Group Net Profit / (Loss) for the period - £000
(£264) vs £348
Group Earnings / (Loss) Per Share (both basic and diluted)*1
(1.16p) vs 1.53p
Reported Book value per share*2
19.3p vs 23.4p
Net Cash - £000
£516 vs £1,415
Available for sale financial assets - £000
£1,683 vs £1,675
*1 based on weighted average number of shares in issue of 22,697,397 (1H24: 22,697,397)
*2 based on actual number of shares in issue as at 30 June 2025 of 22,697,397
Chairman’s Statement Summary of key political economic and stock market events year to date The year to date (January to August 2025) has seen major political changes, economic shifts, and volatile stock market activity influenced by elections, trade policy, central bank maneuvers, and regional conflicts. Key Political Events U.S. Presidential Transition: Donald Trump was inaugurated as the 47th U.S. President on January 20, reigniting the “America First” agenda, shifting global alliances, and sparking major protests across the U.S. Major Elections Worldwide: 2025 saw pivotal elections in Australia, Singapore, South Korea, Romania, Poland, Japan, and other key nations, altering domestic and regional policy direction. European Security and Ukraine: The Trump administration proposed a controversial peace plan for Ukraine, with discussions of territorial concessions and reduced NATO involvement; peace talks with Russia moved forward under this new U.S. stance. Leadership Changes and Early Elections: High-profile resignations (such as Justin Trudeau in Canada), parliamentary dissolutions, and early elections across Europe and the Asia-Pacific increased political uncertainty. Ongoing Geopolitical Tensions: Challenges around Israel-Hamas, the South China Sea, and U.S.-China rivalry persisted, with summits and international conferences such as the AI Action Summit and Munich Security Conference focusing on global security and technology risks. Economic Headlines Trade Policy and Tariffs: The new U.S. administration negotiated new deals with Vietnam, Japan, and the EU, imposing tariffs that are higher than pre-2025 rates but lower than feared. Uncertainty around tariffs on Canada and the EU contributed to volatility, though markets were initially relieved by avoidance of an all-out trade war. Central Bank Policy: U.S. Federal Reserve Chair Jerome Powell signaled a likely interest rate cut in September (down from 4.25% to 4.5%), responding to persistent inflation and a softening labor market. This boosted equity and bond markets in August. Inflation and Labor Markets: Inflation remains stubbornly above 2% in the U.S. and is expected to rise modestly before stabilizing. The U.S. unemployment rate has nudged up to 4.2%, with both supply and demand for labor weakening. Stock Market Developments Market Performance: Global developed market equities rose 1.3% in July, setting new all-time highs. Cyclical and tech stocks led early gains, while large-cap and rate-sensitive sectors surged after dovish Fed comments in August. Sector Highlights: Real estate, industrials, and consumer discretionary stocks rallied post-Fed policy signals, with U.S. mega-caps posting strong earnings. However, the Nasdaq weakened in late August amid concerns over AI infrastructure spending. Bond Yields and Rate Cut Expectations: U.S. bond yields fell after the Jackson Hole summit, reflecting increased expectations for multiple rate cuts by year end. Ongoing Risks & Flashpoints Protests and Domestic Unrest: Intense protests in the U.S. over immigration, climate, and civil rights followed the political shift, while other countries, such as Kenya and Germany, saw social dissent and government changes. Regional Conflicts and Anniversaries: Continued conflict in Gaza, Russian activity in Ukraine, and expected flashpoints like the Israel-Hamas War anniversary keep geopolitical risk elevated. Conclusion, 2025 has been defined by political realignment, moderate economic growth countered by inflation, active central bank intervention, and a stock market marked by both record highs and high uncertainty. Operations Real Estate Hastings As previously mentioned, the Company’s Hastings property has now been internally sanitised and we are actively seeking a new cornerstone tenant. I am pleased to report that we have finally reached (at this stage verbal) settlement terms with a former tenant that vacated the premises without fulfilling their contractual obligations to return the property ‘fully repaired’, and in the condition they had received it. Bristol I am also pleased to report that we have received initial purchase offers for the Company’s Bristol property on competitive terms. We will keep the Market informed upon sale completion, which we anticipate could happen within the next couple of months. Miscellaneous The Company now owns 6.6 million shares of Thalassa Holdings and has committed to purchase more from the proceeds of future property sales. These shares will in due course be distributed, partially or in full, to shareholders on a pro-rata basis. Duncan Soukup Chairman Alina Holdings plc 26 September 2025 Financial Review Total income for the 1H 2025 period was £121k (1H 2024: £503k). Gross Rental Income declined by 6% to £109k from £116k as at 30 June 2024 due to the sale of Stafford in October 2024. Cost of sales increased from £21k to £91k, driven by a service charge credit of £132k at Hastings within Property operating expenses in 1H24. The credit related to service charges at vacant units for required work which had been invoiced in 2022 and 2023. As the work has not yet been done, the property management company had to refund this to units that had paid, including Nos 4 Limited’s vacant units. During the period under review Book Value decreased 5.9% to 19.3p/shr from 20.5p/shr as at 31 December 2024. Responsibility Statement We confirm that to the best of our knowledge: the condensed set of financial statements has been prepared in accordance with IAS 34 ‘Interim Financial Reporting’ and gives a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings included in the consolidation as a whole as required by DTR 4.2.4 R; 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 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 assess the Company’s strategies and the potential for those strategies to succeed. The IMR should not be relied on by any other party or for any other purpose. Duncan Soukup Chairman Alina Holdings plc 26 September 2025 Interim Condensed Consolidated Statement of Income For the six months ended 30 June 2025
Six months
Six months
Year
ended
ended
ended
30 Jun 25
30 Jun 24
31 Dec 24
Unaudited
Unaudited
Audited
Note
£'000
£'000
£'000
Gross rental income
109
116
232
Net gains/(losses) on investments at fair value
45
375
46
Interest income
11
12
30
Dividend income
-
3
10
Profit/(Loss) on disposal of investment properties
-
-
2
Currency losses
(44)
(3)
1
Total Income
121
503
321
Property operating expenses
(89)
(14)
(139)
Financial holdings expenses
(2)
(7)
(10)
Total Cost of Sales
(91)
(21)
(149)
Gross profit
30
482
172
Administrative expenses including non-recurring items
(282)
(321)
(693)
Gain from change in fair value of investment properties
-
200
200
Operating loss before net financing costs
(252)
361
(321)
Depreciation
(1)
(2)
(3)
Net financial income/(expense)
(11)
(11)
(22)
Share of profits/(losses) of associated entities
-
-
19
Loss before tax
(264)
348
(327)
Taxation
-
-
-
Profit/(loss) for the year from continuing operations
(264)
348
(327)
Attributable to:
Equity shareholders of the parent
(264)
348
(327)
(264)
348
(327)
Earnings per share - GBP- pence (using weighted average number of shares)
