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The Smarter Web Company (SWC) investor relations material
The Smarter Web Company H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Raised £225.2m during the year, including £209.4m in equity and £15.8m in Bitcoin-backed convertible notes.
Ended the year with 2,660 Bitcoin held, valued at approximately £220m.
Achieved profit before tax of £2.84m; excluding one-off gains and fair value adjustments, would have reported a pre-tax loss of £1.47m.
Transitioned to the Main Market of the London Stock Exchange in February 2026, enhancing profile and liquidity.
Acquired The Smarter Web Company Operations Limited, expanding the operating platform.
Financial highlights
Revenue for the year was £70,029; gross profit £60,793.
Administrative expenses totaled £1.84m, leading to an operating loss of £1.78m.
Other gains and losses, primarily from fair value adjustments, totaled £4.31m.
Net comprehensive income was £1.62m, compared to a loss of £0.5m the previous year.
Basic earnings per share were 1.24p, compared to a loss of 7.16p per share last year.
Outlook and guidance
Focus remains on executing the growth strategy, progressing the acquisition pipeline, and disciplined Bitcoin treasury management.
Board expresses confidence entering FY2026, supported by a strengthened balance sheet and clear strategic roadmap.
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