Marechale Capital Plc - Half-year Report

19 December 2024 Marechale Capital plc ("Marechale Capital", "Marechale" or the "Company") Half-yearly Results Marechale Capital plc, an established City of London based corporate finance house with a long-term track record and a strong reputation for advising and financing high growth consumer brands, leisure, clean energy, mineral extraction and technology companies, announces its unaudited half-yearly results for the six months ended 31 October 2024 (the "Period"). Chairman's Statement Following the announcement with Marechale's full year results released in August 2024, the market continues to remain challenging, particularly in the hospitality sector. During the six months ended 31 October 2024, the Company generated gross profits of £103,468 (2023: £93,813) and delivered an operating loss of £138,485 (2023: loss of £155,421 ), resulting in an overall loss before tax of £178,261 (2023: loss of £155,803). The Company's balance sheet shows a net asset value of £3,183,537 (2023: £3,340,486 ), representing 3.01p (2023: 3.15p) of value per share in issue. The Company remains positive about the investments that it holds in its client companies. Marechale Capital continues to see interesting corporate finance and advisory projects where it can take founders shares and warrants as part of its advisory fees. On a positive note, Marechale has completed transactions during the period for Weardale Lithium, Forest Road Brewery, Stubben Edge and Chestnut Inns. However, the market remains a difficult environment in which to raise capital. This has resulted in some advisory projects that launched in the summer not being completed by the end of the Period which includes a major UK hotel group and a leading brewery and pub group. Marechale continues to look for new and strategic funding partners alongside its traditional investor relationships. The Board is working on a number of initiatives to create further value for shareholders over and above its core investment portfolio and corporate finance projects, including working with various potential businesses and individuals. The plan is to continue to develop Marechale's strategic partnerships with the objective of enhancing shareholder value. Marechale also uses its balance sheet to co-invest in its client companies, along with warrants and founder equity. Furthermore, the Board is able to announce a partial realisation of £109,000 for cash on two of the Company's investments. Cash at bank at 31 October 2024 was £223,700. Whist the current economic climate is difficult, Marechale Capital remains diligent and is convinced that there will be good advisory and investment opportunities in its core hospitality, renewable, clean energy and technology sectors over the short to medium term. Mark Warde-Norbury Chairman The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 For further information please contact: Marechale Capital Tel: +44 (0)20 7628 5582 Mark Warde-Norbury / Patrick Booth-Clibborn Cairn Financial Advisers LLP Tel: +44 (0)20 7213 0880 Jo Turner / Sandy Jamieson Income Statement (unaudited) 6 months ended 31 October 2024 2023 £ Revenue 148,500 320,603 Cost of sales (45,032) (226,790) Gross profit 103,468 93,813 Administrative expenses (241,953) (249,235) Operating loss (138,485) (155,421) Exceptional credit 10,316 - Loss on disposal of investments (49,837) Interest paid (255) (382) (Loss)/profit before tax (178,261) (155,803) Taxation - - (Loss)/profit after tax (178,261) (155,803) (Loss)/profit per share (Pence) (Pence) - Basic (0.17) (0.15) - Diluted (0.17) (0.14) Balance Sheet (unaudited) As at 31 October 31 October 2024 2023 Current assets Available for sale 2,939,660 2,863,227 investments Trading 49,953 130,076 investments Trade and other 52,856 37,219 receivables Cash and cash 223,712 398,229 equivalents 3,266,181 3,428,751 Current liabilities Trade and other (54,338)(10,806)(10,000) (51,278)(9,847)(10,000) payablesPAYEBounce -back Loan Total current (75,144) (70,765) liabilities Net current assets 3,191,037 3,357,986 Bounce-back Loan - (7,500) (17,500) long-term Net assets 3,183,537 3,340,486 Equity Capital and reserves attributable to equity shareholders Share capitalShare 847,530481,290 847,530481,290 premium Reserve for own (50,254) (50,254) shares Retained profits/ 1,739,397 1944,842 (losses) Reserve for share 165,574 117,078 based payments 3,183,537 3,340,486 Cash Flow Statement (unaudited) 6 months ended 31 October 31 October 2024 2023 £ £ Net cash from operating activities Loss after tax (178,261) (155,803) Reverse (10,316) - exceptional credits Loss of disposal 49,837 of investments Provision for 15,406255 33,091381 share based paymentsReverse interest paid Operating cash (123,079) (122,331) flows before movements in working capital Movement in working capital (Increase)/ (7,950) 38,714 decrease in receivables Increase/ 3,108 (30,795) (decrease) in payables Net movement in (4,842) 7,919 working capital Operating cash out (127,921) (114,412) -flow Investment activities Expenditure on - 572 available for sale investments Proceeds from sale 108,692 - of investments and options Cash flow from 108,692 (572) investing activities FinancingShare -(5,000)(255)(5,255) 235,800(5,000)(381)230,419 CapitalBounce-back Loan repaymentsInterest paidNet financing Net (decrease)/ (24,484) 115,435 increase in cash and cash equivalents Cash and cash 248,196 282,794 equivalents at start of the period Cash and cash 223,712 398,229 equivalents at end of the period (Decrease)/ (24,484) 115,435 increase in cash and cash equivalents This financial information has been prepared in accordance with IFRS and International Financial Reporting Interpretations Committee ('IFRIC') interpretations adopted by the European Union, and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, with the prior period being reported on the same basis. 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