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Mode Global Holdings Plc ( (GB:MODE) ) has shared an announcement.
R8 Capital Investments PLC has issued replacement unaudited interim results for the six months to 30 June 2025, correcting classifications and disclosures in its previously released figures while leaving underlying results unchanged. The revisions include reclassifying income from discharged convertible loan notes to finance income, updating going-concern wording, aligning revenue and comparative disclosures with accounting standards, and adding more detail on prior-year restatements.
Operationally, the company remains in wind-down, continuing campaigns to return digital assets to customers of Fibermode in coordination with the FCA, while also actively seeking an acquisition target. For the half-year, revenue rose to £133,000, administrative expenses fell sharply to £52,000 due to the closure of operations, and the group reported a £1.95 million profit driven largely by finance income from the loan note settlement, with cash balances at £132,000 and no convertible loan notes outstanding.
More about Mode Global Holdings Plc
R8 Capital Investments PLC is a UK-registered investment company that has historically operated digital asset-related businesses, including the Fibermode platform. Since deciding to cease operations in January 2023, the group has been working with the Financial Conduct Authority and partners to wind down its activities and return both fiat and crypto deposits to customers.
Technical Sentiment Signal: Sell
Current Market Cap: £1.49M
Find detailed analytics on MODE stock on TipRanks’ Stock Analysis page.