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Thalassa Holdings (THAL) investor relations material
Thalassa Holdings H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Profit after tax for 1H 2025 was £0.01m, down from £0.24m in 1H 2024.
Book value per share declined to £0.60 from £1.19 year-over-year.
Investment holdings increased to £10.3m from £8.8m, while cash fell to £0.3m from £1.4m.
Global markets saw volatility due to geopolitical tensions, tariffs, and inflation, but US equities rebounded strongly.
Financial highlights
Total income from operations rose to £0.6m (1H24: £0.3m).
Gross profit was £0.6m (1H24: £0.3m); operating profit dropped to £0.1m (1H24: £0.3m).
Profit before tax was £0.01m (1H24: £0.2m); EPS was £0.00 (1H24: £0.03).
Net assets at 30 June 2025 were £10.1m (1H24: £9.5m).
Net cash inflow from operations was £0.16m, compared to an outflow of £0.15m in 1H24.
Outlook and guidance
Continued volatility expected due to policy and geopolitical risks, especially US trade policy.
Anticipated central bank rate cuts may support bond investments, but inflation and tariffs pose stagflation risks.
Europe and Asia may benefit from reforms and stimulus, while the US faces headwinds from tariffs and potential slowdown.
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