Lavide Holding (LVIDE) H2 2024 earnings summary

Executive summary

• No business activities or revenue in 2024; focus was on restoring Euronext Amsterdam listing and ensuring liquidity for future operations.

• New equity capital of €500,000 secured from Haerlem Capital, improving equity position and providing working capital.

• Board and management changes: new CEO and COO appointed, and new Supervisory Board member added.

• Audit bottleneck resolved with appointment of EY as external auditor; 2023 and 2024 audits completed.

Financial highlights

• No revenue generated in 2024 or 2023; administrative expenses were €298,193 (2023: €201,902).

• Net loss for 2024 was €326,049 (2023: €218,586).

• Cash and cash equivalents increased to €411,714 at year-end 2024 (2023: €564), mainly due to capital injection.

• Equity improved to €(149,988) at 31 December 2024 (2023: €(323,939)), reflecting new share issuance.

• Loans and borrowings rose to €440,000 (2023: €219,385), repayable by 30 June 2025, with extension/conversion options.

Outlook and guidance

• Priority is to exit Euronext's penalty bench and resume share issuance after successful audits.

• Board authorized to issue up to 3,000,000 new shares, potentially raising up to €1.5 million in working capital.

• Further capital tranches from Haerlem Capital expected to support future growth.