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Mode Global Holdings Plc ( (GB:MODE) ) has provided an announcement.
R8 Capital Investments Plc has reported an unaudited interim loss of £1.95 million for the six months to 30 June 2025, compared with a £0.59 million loss a year earlier, as it continues to wind down its former operations and resolve legacy financing. Revenue fell to £60,000 from £92,000, primarily due to the ongoing run‑off of the Fibermode digital asset business, while administrative expenses jumped to £1.85 million, largely driven by the settlement of £1.9 million of convertible loan notes through the issuance of shares in VVV Resources Limited to noteholders. The company ended the period with cash of £132,000 and negative equity of £1.19 million but has eliminated all outstanding convertible loan notes and remains engaged with the FCA to return remaining customer fiat and crypto deposits, while actively exploring potential acquisitions to provide a new strategic direction for the listed entity.
More about Mode Global Holdings Plc
R8 Capital Investments Plc is an investment company that previously operated digital asset and crypto-related services through its Fibermode business. Since deciding to cease operations in January 2023, the company has been working with the UK Financial Conduct Authority (FCA) and partners to wind down its activities and return both fiat and cryptocurrency deposits to customers, while also seeking new acquisition opportunities to redeploy the listed vehicle.
Technical Sentiment Signal: Sell
Current Market Cap: £1.49M
For detailed information about MODE stock, go to TipRanks’ Stock Analysis page.