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daVictus ( (GB:DVT) ) has shared an announcement.
daVictus plc reported a sharp fall in group profit before tax to £8,482 for the year ended 31 December 2024, down from a restated £85,751 in 2023, with cash and cash equivalents easing to £112,326 from £129,610; the board has again opted not to pay a dividend. In response to persistent challenges in the global F&B franchise industry and the lingering effects of the pandemic, the company has terminated its franchise businesses after the year-end and is executing a strategic shift to Business and Management Consultancy services, which management believes offers greater scalability, a broader addressable market and more sustainable growth, while the group remains a going concern and continues to focus on prudent liquidity and risk management for stakeholders.
More about daVictus
daVictus plc (LSE: DVT) is an investment company originally established to seek business opportunities in Asia’s food and beverage sector, primarily through franchise-related restaurant management services. Leveraging the board’s experience in hospitality, corporate finance and consultancy across Asian markets, the company is now pivoting toward providing broader Business and Management Consultancy services to a wider client base beyond the F&B industry.
Technical Sentiment Signal: Sell
Current Market Cap: £500.6K
Find detailed analytics on DVT stock on TipRanks’ Stock Analysis page.