Evolva Holding AG Releases 2024 Half-Year and 2023 IFRS Annual Reports

Evolva Holding AG, listed on the SIX Swiss Exchange, has announced its IFRS consolidated annual financial statements for 2023 and the half-year report for 2024. Following resolutions passed at the April 2024 Annual General Meeting, the company revoked its liquidation and delisting process. Consequently, the Regulatory Board, together with SIX Exchange Regulation, granted an extended deadline for Evolva to submit its full financial statements.

In the first half of 2024, Evolva released CHF 1.6 million from liquidation cost accruals, contributing to a positive net profit for the period. The cash balance stood at CHF 7.2 million as of June 30, 2024, with short-term receivables amounting to CHF 0.8 million. These include CHF 0.6 million remaining in an escrow account related to a legal case, impacting the final valuation of a prior sale transaction.

The Board of Directors intends to explore further market opportunities, focusing on public mergers and acquisitions, such as reverse takeovers, aiming to maximize shareholder value.