published on 04/29/2025 at 14:06 from Anemoi International Ltd (isin : VGG0419A1057)

Anemoi International Ltd: Annual Financial Report to 31 December 2024

Anemoi International Ltd (AMOI)
Anemoi International Ltd: Annual Financial Report to 31 December 2024

29-Apr-2025 / 13:06 GMT/BST

Anemoi International Ltd

(Reuters: AMOI.L, Bloomberg: AMOI:LN)

(“Anemoi”, “AMOI” or the “Company”)

AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024

The Company today announces its audited results for the year ended 31 December 2024.

The information set out below is extracted from the Company's Report and Accounts for the year ended 31 December 2024, which will be published today on the Company's website www.anemoi-international.com. A copy has also been submitted to the National Storage Mechanism where it will be available for inspection. Cross-references in the extracted information below refer to pages and sections in the Company's Report and Accounts for the year ended 31 December 2024.

2024 HIGHLIGHTS

Group Results 2024 versus 2023 (GBP)

•	Group Operating Loss for the year	£(0.5)m vs £(0.9)m
•	Group Loss before taxation for the year	£(0.5)m vs £(0.9)m

•	Group Earnings Per Share (basic and diluted)*¹	£(0.00) vs £(0.01)
•	Book value per share*²	£0.02 vs £0.03
•	Net Cash	£0.9m vs £1.6m

	*¹ based on weighted average number of shares in issue of 157,041,665 (2023: 157,041,665)
	*² based on actual number of shares in issue as at 31 December 2024 of 157,041,665 (2023: 157,041,665)

2024 HIGHLIGHTS

ID4 revenue is still insufficient to support a public company cost base. Management are working hard to convert a promising pipeline of opportunities
Costs cut by 49%
Reverse Take Over (RTO) discussions aborted after six months of negotiation
Fintech private company Merger/Acquisition valuations too elevated for sensible transaction possibilities
Board to seek shareholder approval for reorganisation in order to slash cost further

CHAIRMAN’S STATEMENT

Whilst costs were successfully cut by nearly 50%, results still fell short of 2024 budgets. Management is now implementing the approved plan to focus efforts on using intermediaries to sell the Company’s products and are in various stage of negotiations with brokers and other potential B to B partners.

The Board is exploring all possible measures to further reduce costs and will, in due course, revert to shareholders with recommended proposals.

Duncan Soukup

Chairman

28 April 2025

DIRECTORS’ REPORT

The Directors present their report and the audited financial statements for the period ended 31 December 2024.

BUSINESS REVIEW AND PRINCIPAL ACTIVITIES

Anemoi International Ltd (the “Company”) is a British Virgin Island (“BVI”) International business company (“IBC”), incorporated and registered in the BVI on 6 May 2020.

Id4 AG was formed as part of the merger of the former id4 AG (“id4”) with and into its parent, Apeiron Holdings AG on 14 September 2021. Id4 was incorporated and registered in the Canton of Lucerne in Switzerland in April 2019 whilst Apeiron Holdings AG was incorporated and registered in December 2018. Following the merger, Apeiron Holdings AG was renamed id4 AG.

DIRECTORS AND DIRECTORS’ INTERESTS

The Directors of the Company who held office during the year and to date, including details of their interest in the share capital of the Company, are as follows:

Name Executive Director	Date Appointed	Date Resigned	Shares held
C Duncan Soukup	6 May 2020		8,325,142
Non-Executive Directors
Luca Tomasi	5 July 2021		-
Kenneth Morgan	24 May 2022		-
T Donell	21 October 2022

Company Secretary Charles Duncan Soukup

Registered Agent Folio Trust Limited, Folio Chambers, PO Box 800,Road Town, Tortola, British Virgin Islands

Registered Office Folio Chambers, PO Box 800, Road Town, Tortola, British Virgin Islands

Auditor RPG Crouch Chapman LLP, 40 Gracechurch Street, London EC3V 0BT

RELATED PARTY TRANSACTIONS

Details of all related party transactions are set out in note 17 to the financial statements.

OPERATIONAL RISKS

The directors recognise that commercial activities invariably involve an element of risk. A number of the risks to which the business is exposed, such as the condition of the UK and Swiss domestic economies in relation to asset management and investment in systems, are beyond the Company’s influence. However, such risk areas are monitored and appropriate mitigating action, such as reviewing the substance and timing of the Company’s operational plans, is taken wherever practicable in response to significant changes. The directors consider the risk areas the Company is exposed to in the light of prevailing economic conditions and the risk areas set out in this section are subject to review.

In relation to asset management, the Company’s approach to risk reflects the Company’s granular business model and position in the market and involves the expertise of its directors, management and third-party advisers. Operational progress and key investment and disposal decisions are considered in regular management team meetings as well as being subject to informal peer review.

Higher level risks and financial exposures are subject to constant monitoring. Major investment and disposal decisions are subject to review by the directors in accordance with a protocol set by the Board.

The Company is dependent upon the Directors, and in particular, Mr C. Duncan Soukup, who serves as the Chairman, to identify potential acquisition opportunities and to execute any acquisition. The unexpected loss of the services of Mr Soukup or the other Directors could have a material adverse effect on the Company’s ability to identify potential acquisition opportunities and to execute an acquisition.

DIRECTORS’ REPORT CONTINUED

The Company may invest in or acquire unquoted companies, joint ventures or projects which, amongst other things, may be leveraged, have limited operating histories, have limited financial resources or may require additional capital.

FINANCIAL RISKS

Details of the financial instrument risks and strategy of the Company are set out in note 19.

RISKS AND UNCERTAINTIES

A summary of the key risks and mitigation strategies is below:

Rank	Risk	Mitigation
1.	Recent geopolitical tensions and shifts in trade policy, particularly between major economies, have increased uncertainty around global trade flows. Changes in trade policies, including the imposition of tariffs or trade restrictions between major economies, can influence market volatility, affect corporate earnings, and shift global capital flows. These developments may lead to reduced investment returns or increased risk across certain asset classes or geographies. Also, capital markets activity and raising new money are effected.	Portfolio Diversification: Our investment strategy emphasizes diversification across sectors, asset classes, and geographies Engagement with Portfolio Companies: Where applicable, we engage with the management of key portfolio companies to assess their exposure to tariffs and their mitigation plans Dynamic Asset Allocation: Retain the flexibility to adjust exposures in response to material trade-related risks, including reweighting positions in sectors or regions disproportionately affected by tariff changes.
2.	Insufficient cash resources to meet liabilities, continue as a going concern and finance key projects.	Short term and annual business plans are prepared and are reviewed on an ongoing basis.
3.	Loss of key management/staff resulting in failure to identify and secure potential investment opportunities and meet contractual requirements.	Regular review of both the Board’s and key management’s abilities. Review of salaries and benefits including long term incentives and ongoing communication with key individuals.
4.	Failure to maintain strong and effective relations with key stakeholders in investments resulting in loss of contracts or value.	The Board and senior management seek to establish and maintain an open and transparent dialogue with key stakeholders.
5.	Failure to comply with law and regulations in the jurisdictions in which we operate.	Key management are professionally qualified. In addition the Company appoints relevant professional advisers (legal, tax, accounting etc) in the jurisdictions in which we operate.
6.	Significant changes in the political environment, including the impact of the conflict in Ukraine and Gaza, results in loss of resources/market and/or business failure.	The Group is currently poised to take advantage of disruption to the global economy with a low cost base and flexibility to scale up as and when the economy recovers. Increased focus on compliance within the financial investment world will benefit the company long term.

DIRECTORS’ RESPONSIBILITIES

The Directors have elected to prepare the financial statements for the Company in accordance with UK Adopted International Accounting Standards (“IFRS”).

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company, for safeguarding the assets and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

International Accounting Standard 1 requires that financial statements present fairly for each financial period the Company’s financial position, financial performance and cash flows. This requires the faithful representation of the effects of transactions, other events and conditions in accordance with the definitions and recognition criteria for assets, liabilities, income and expenses set out in the International Accounting Standards Board’s ‘Framework for the preparation and presentation of financial statements’. In virtually all circumstances, a fair presentation will be achieved by compliance with all applicable International Financial Reporting Standards as adopted by the European Union. A fair presentation also requires the Directors to:

select and apply appropriate

Revenue Anemoi International Ltd Audited Financial Results Cost Cuts Loss Before Taxation

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