on VVV Resources Limited (isin : VGG9470B1004)
VVV Sports Limited Reports Interim Results for First Half of 2025
VVV Sports Limited has reported its unaudited interim results for the six months ending 30 June 2025. The company has shifted focus from mineral exploration to the sports and media investment sector, with a particular interest in racket sports like padel, pickleball, and beach tennis.
A significant change for VVV was formalized on 9 June 2025, when shareholders approved its transition and the company was renamed from VVV Resources Limited. The firm successfully raised £1,000,000, allowing it to enhance its financial standing.
Financially, VVV reported a loss of £164,000, primarily due to share-based payments and regulatory costs, with no revenue earned during the period. However, cash reserves increased significantly to £826,000. The company intends to continue divesting its mineral assets to focus on sports-related opportunities.
R. P.
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