AI Terminal
MOBILE TORNADO GROUP PLC
Interim / Quarterly Report • Jun 12, 2025
7793_10-k_2025-06-12_b06bb51d-a4e7-4002-8281-c02dff4c6a63.html
Interim / Quarterly Report
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 4776M
Mobile Tornado Group PLC
12 June 2025
12 June 2025
Mobile Tornado Group plc
("Mobile Tornado", the "Company" or the "Group")
2024 Final results
Mobile Tornado Group plc, a leading provider of resource management mobile solutions to the enterprise market, announces its audited results for the year ended 31 December 2024.
Financial Highlights
| 2024 | 2023 | ||
| £'000 | £'000 | ||
| Recurring revenue | 1,745 | 1,852 | |
| Non-recurring revenue* | 288 | 414 | |
| Total revenue | 2,033 | 2,266 | |
| Gross profit | 1,979 | 2,080 | |
| Administrative expenses** | (2,568) | (2,328) | |
| Adjusted EBITDA*** | (589) | (248) | |
| Group operating loss | (855) | (293) | |
| Loss before tax | (1,667) | (1,072) |
· Total revenue decreased by 10% to £2.03m (2023: £2.27m)
o Recurring revenues decreased by 6% to £1.75m (2023: £1.85m)
o Non-recurring revenues* decreased by 30% to £0.29m (2023: £0.41m)
· Gross profit decreased by 5% to £1.98m (2023: £2.08m)
· Administrative expenses before depreciation, amortisation, exceptional items and exchange differences increased by 10% to £2.57m (2023: £2.33m)
· Adjusted EBITDA*** loss of £0.59m (2023: loss of £0.25m)
· Group operating loss for the year increased to £0.86m (2023: £0.29m)
· Loss before tax of £1.67m (2023: loss of £1.07m)
· Basic loss per share of 0.37p (2023: loss of 0.24p)
· Cash at bank at 31 December 2024 of £0.11m (31 December 2023: £0.19m) with net debt of £11.36m (2023: £10.67m)
* Non-recurring revenues comprise installation fees, hardware, professional services and capex license fees
** Administrative expenses excludes depreciation, amortisation, exceptional items and exchange differences
***Earnings before interest, tax, depreciation, amortisation, exceptional items and excluding exchange rate differences
Operating highlights
· Deal closed with Zain Iraq, part of Zain Group, a leading mobile network operator ("MNO") in the Middle East and Africa through our in-country partner
· Reseller agreement signed with Prairie Mobile Communications, a well-established technology provider in Canada with a national presence
· Appointment of Syndico Distribution, a disruptive communications technology provider, as our exclusive UK distributor
· New 10-year exclusive agreement signed with our largest customer, Servitron, in Mexico which should strengthen our license growth prospects
· Launch of our live video streaming service and software radio bridge, delivering key differentiators that enable seamless video communication and integration with legacy radio systems.
· £425k equity fundraise concluded in November 2024 to further support the scale up of sales, marketing and business development activities
Jeremy Fenn, Chairman of Mobile Tornado, said: "The strategic framework we have put in place is now delivering clear commercial results. Our expanding global partner network, enhanced product suite and referenceable customer base, including flagship names like Zain, Syndico and Servitron, have put us in a strong position for 2025 and beyond.
" The Board's focus remains on growing recurring revenues and converting our expanded pipeline into meaningful financial returns. We entered the new financial year with renewed sales momentum and a significantly reduced cost base. We are cautiously optimistic that the business will be able to deliver an improved set of financial results for 2025."
Enquiries :
| Mobile Tornado Group plc | www.mobiletornado.com |
| Jeremy Fenn, Chairman | +44 (0)7734 475 888 |
| Luke Wilkinson, CEO | |
| Allenby Capital Limited (Nominated Adviser & Broker) | +44 (0)20 3328 5656 |
| James Reeve/Piers Shimwell (Corporate Finance) | |
| David Johnson (Sales and Corporate Broking) |
Financial results and key performance indicators
Total revenue for the year ended 31 December 2024 decreased by 10% to £2.03m (2023: £2.27m). Recurring revenues decreased by 6% to £1.75m (2023: £1.85m). This was largely the result of a renegotiated exclusive contract with our partner in South Africa in order that they can provide a more competitively priced proposition with a view to generating higher sales volumes in due course.
Non-recurring revenues, comprising installation fees, hardware, professional services and capex license fees decreased to £0.29m (2023: £0.41m). As a result, gross profit decreased by 5% to £1.98m (2023: £2.08m).
Administrative expenses before depreciation, amortisation, exceptional items and exchange differences in the year increased by 10 % to £2.57m (2023: £2.33m), reflecting our greater investment in business development activities.
Due to the annual retranslation of certain financial liabilities on the balance sheet, the Group reported a translation gain of £0.07m (2023: gain of £0.08m) arising from the appreciation of Sterling relative to both the Euro and the US Dollar as at 31 December 2024 versus the previous year end. The Group recorded a net income tax credit of £0.10m (2023: credit of £0.08m).
The loss after tax for the year increased to £1.56m (2023: loss of £0.99m) equating to a basic loss per share of 0.37p (2023: 0.24p).
The net cash used in operations increased to £0.37m (2023: £0.13m). At 31 December 2024, the Group had £0.11m cash at bank (2023: £0.19m) and net debt of £11.36m (31 December 2023: £10.67m).
The balance sheet continues to reflect the cumulative loss position of the Group, and those net liabilities that have resulted from this. We continue to hold levels of debt in the Group which have funded these historical losses.
Results and dividends
The Directors do not recommend the payment of a dividend in respect of the year ended 31 December 2024 (year ended 31 December 2023: nil). The Company currently intends to reinvest future earnings to finance the growth of the business over the near term.
Review of operations
2024 marked a year of continued strategic execution and operational progress for Mobile Tornado. While headline revenue declined, reflecting the renegotiation of our contract with our longstanding South African partner, we made substantial progress expanding our global footprint, strengthening our partner ecosystem, and enhancing the capabilities of our technical platform.
The revised commercial terms in South Africa were necessary to provide a more competitive proposition in a challenging economic environment. Early signs of success have emerged, with one of the country's largest security firms signing on for several thousand licences.
At the same time, our business development strategy, launched in 2023, has matured into a robust engine for global expansion. Our broadened channel strategy, key account wins, and product enhancements have placed the Group in a significantly stronger position to capitalise on a growing market for critical communications technology.
In September 2024, we were proud to announce a landmark partnership with Zain Iraq, one of the Middle East's leading telecommunications providers and part of the Zain Group. The launch, which took place at the ITEX Iraq event, featured live demonstrations of our solution, which now powers instant, secure group communications and workforce management services across sectors such as logistics, healthcare, construction and energy. The service leverages Zain's 4.5G+ high-speed network and marks a pivotal step in our expansion across the region.
Our North American footprint has also expanded. In Canada, we signed a reseller agreement with Prairie Mobile Communications, a well-established connected technology provider with a national presence. With 26 locations across the country and deep penetration into key verticals including agriculture, mining and public safety, Prairie Mobile is already migrating an existing user base to our platform and has expressed strong expectations for a long-term, high-growth partnership.
In December 2024 we appointed Syndico Distribution as our exclusive UK distributor. Syndico has a proven track record of bringing disruptive communications technology to market and is well placed to drive the transition from traditional narrowband radio systems to our LTE-powered, scalable solutions. The deal includes a minimum commitment and early signs indicate a quality pipeline.
In May 2025, we entered into a new 10-year exclusive agreement with our largest customer, Servitron, in Mexico. This deal should significantly strengthen our license growth prospects and represents a major milestone in solidifying one of our most important strategic relationships.
We also took the decision to consolidate our R&D operations into the UK, winding down our historic development base in Israel. This move has delivered significant cost savings and operational efficiencies, while also increasing focus, productivity, and alignment between our technical and commercial functions. Our UK-based development centre is now fully operational and continues to drive forward innovation with agility and pace.
Technology and Innovation
We continue to invest heavily in product development. During 2024, we launched our live video streaming service and software radio bridge, delivering key differentiators that enable seamless video communication and integration with legacy radio systems. We also extended compatibility across a wider range of devices, further increasing our addressable market.
Our R&D efforts remain focused on building new functionality that meets real market needs and enhances our competitive positioning.
Looking ahead, we are actively developing a roadmap to deliver a Mission Critical Push-to-Talk (MCPTT) platform. As part of this initiative, we are currently reviewing potential technical partners to identify the most suitable collaborators to accelerate delivery and ensure compliance with 3GPP standards. MCPTT is the globally recognised standard for public safety and emergency communication over LTE networks, offering significant enhancements over traditional push-to-talk technology. These include advanced call prioritisation, guaranteed quality of service, enhanced security, and seamless interoperability with other mission-critical applications such as data and video. The integration of MCPTT capabilities into our platform will allow us to address new verticals, particularly in the public safety and government sectors, where compliance, reliability and resilience are paramount. This development will further strengthen our value proposition in both developed and emerging markets, positioning the Company as a leading provider of next-generation critical communication solutions.
People and Board
The appointments of Luke Wilkinson as Chief Operating Officer and Marcus Emptage as Finance Director have significantly strengthened the executive team. Both joined the Board in June 2024 and have made immediate, positive impacts across their respective areas.
I am pleased to confirm that, effective today, Luke Wilkinson has been appointed Chief Executive Officer. This follows the outstanding progress he has led since joining the business, particularly in spearheading our business development strategy. Under Luke's leadership, the Group has widened its global partner network, deepened engagement with key customers, and delivered a significantly expanded commercial pipeline. His strategic vision and energy have been instrumental in positioning Mobile Tornado for future growth.
We also said farewell to Peter Wilkinson, who stepped down as Non-Executive Director in September 2024 after many years of invaluable support. Peter's contribution to the business, both operationally and financially, has been immense, and we continue to benefit from his backing through Holf Investments Ltd, which provides the Group's revolving credit facility.
Funding
In November 2024, we concluded a subscription for 21.25m new ordinary shares of 2 pence each representing approximately 5.1 per cent. of the existing issued ordinary share capital of the Company at a price of 2 pence per share to raise £425,000.
This equity funding was directed towards enhancing our business development activities, including the participation in major industry trade shows and the recruitment of additional sales professionals to manage the increasing portfolio of partners.
On 30 August 2024, our revolving loan facility agreement with Intechnology plc was assigned by them to Holf Investments Ltd. At the same time , the term of the agreement was extended by 12 months to 26 September 2025. All other terms of the agreement remain unchanged and as previously announced. The balance drawn down at 31 December 2024 and at today's date is £50,000. Holf investments Ltd has offered to extend the term of the revolving loan facility by a further 12 months to 26 September 2026 should it be requested by the Company.
Our principal shareholder Holf Investments Ltd, has also agreed not to call on existing loans, borrowings totaling £11,460,000 for a minimum period of 12 months following the signing of these accounts unless cashflows of the Group should allow repayments to be made.
We remain confident that the above support and our available cash resources together with our long-established recurring revenue customer base and anticipated future contracts will provide us with adequate financial resources for the foreseeable future.
Principal risks and uncertainties
The management of the business and the nature of the Group's strategy are subject to a number of risks. The Directors have set out below the principal risks facing the business. The Directors are of the opinion that a thorough risk management process is adopted, which involves the formal review of all the risks identified below. Where possible, processes are in place to monitor and mitigate such risks.
Product obsolescence
Due to the nature of the market in which the Group operates, products are subject to technological advances and as a result, obsolescence. The Directors are committed to the Group's current research and development strategy and are confident that the Group can react effectively to developments within the market.
Indirect route to market
As described above, one of the Group's primary channels to market are MNOs reselling our services to their enterprise customers. Whilst MNOs are ideally positioned to forward sell our services and are likely to possess material resources for doing so, there remains an inherent uncertainty arising from the Group's inability to exert full control over the sales and marketing strategies of these customers.
Going concern
The Financial Statements are prepared on a going concern basis.
When determining the adoption of this approach, the Directors have considered a wide range of information relating to present and future conditions, including the current state of the Balance Sheet, the support offered by our principal shareholder Holf Investments Ltd, who have agreed not to call on existing loans, borrowings and revolving loan facility totaling £11,460,000. Further consideration has been given to future projections, cash flow forecasts, access to funding, ability to successfully secure additional investment, available mitigating actions and the medium-term strategy of the business.
The Group is dependent on its ability to meet its cash flow forecasts. Within those forecasts the Group has included a number of significant payments and receipts based on its best estimate but, as with all forecasts, there does exist some uncertainty as to the timing and size of those payments and receipts. In particular, the forecasts assume the ongoing deferral and phased payment of some of the Group's creditors, including a contingent consideration balance of £2,718,000, (as disclosed in note 12 to the financial statements), and the continuation at the current level of recurring revenues. In the event that some or all of these receipts are delayed, deferred or reduced, or payments not deferred, management has considered the actions that it would need to take to conserve cash. These actions would include cost savings (principally payroll based) and/or seeking additional funding from its shareholders, for which there is currently no shareholder commitment requested. These conditions, together with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the Group's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern.
The Directors, whilst noting the existence of a material uncertainty and having considered the possible management actions as noted above, are of the view that the Group is a going concern and will be able to meet its debts as and when they fall due for a period of at least 12 months from the date of signing these accounts.
Section 172 statement - our stakeholders
The Board recognises its duty to consider the needs and concerns of the Group's key stakeholders during its discussions and decision-making. The Board has had regard to the importance of fostering relationships with its stakeholders as set out below, and also detailed in the Corporate Governance section of this Annual Report.
Colleagues
We have an experienced, and dedicated workforce which we recognise as the key asset of our business. It is vital to the success of the Group to continue to create the right environment to encourage and create opportunities for individuals and teams to realise their full potential. The Board and management team pay close attention to employee feedback and seek to respond constructively to any suggestions or concerns raised.
Regular colleague briefing sessions are held with the Executive Chairman to enable colleagues to ask questions and raise issues and for colleagues to be provided with updates on the business. Key performance information such as trading updates and financial results are always promptly communicated to colleagues. The Group has in place a share option scheme to enable colleagues to become personally invested as shareholders of the Group.
Customers
Regular communication takes place with the Group's partners and customers to discuss operational updates, product roadmap developments and gain key customer feedback. This enables increased engagement with customers at a strategic level and a greater understanding of both customer pain points and future requirements from strategic to end-user level.
Strategy
The Group continues to invest in an R&D strategy, to ensure that the technical platform continues to meet the needs of the market. The Board are focused on delivering an increasing level of recurring revenues through its developing partner network.
Suppliers
The Board is committed to building trusted partnerships with the Group's suppliers. Through these partnerships, we deliver value and quality to our other stakeholders.
Shareholders
The Executive Chairman holds meetings with existing and prospective investors during the year, particularly following the release of the Group's interim and full year results and feedback from those meetings is shared with the Board. The AGM is a key opportunity for engagement between the Board and shareholders, particularly private shareholders. The Group's annual report and accounts is made available to all shareholders both online and in hard copy where requested. All presentations and announcements and other key shareholder information is available on the investor section of the Group's website.
Outlook
The strategic framework we have put in place is now delivering clear commercial results. Our expanding global partner network, enhanced product suite and referenceable customer base, including flagship names like Zain, Syndico and Servitron, have put us in a strong position for 2025 and beyond.
The Board's focus remains on growing recurring revenues and converting our expanded pipeline into meaningful financial returns. We entered the new financial year with renewed sales momentum and a significantly reduced cost base. We are cautiously optimistic that the business will be able to deliver an improved set of financial results for 2025.
I would like to thank our employees, partners and shareholders for their ongoing commitment. We look forward to building on these foundations in the year ahead.
Approved by the Board of Directors and signed on behalf of the Board
Jeremy Fenn
Chairman
12 June 2025
Consolidated income statement
For the year ended 31 December 2024
| 2024 | 2023 | |||
| £'000 | £'000 | |||
| Continuing operations | ||||
| Revenue | 2,033 | 2,266 | ||
| Cost of sales | (54) | (186) | ||
| Gross profit | 1,979 | 2,080 | ||
| Operating expenses | ||||
| Administrative expenses | (2,568) | (2,328) | ||
| Exchange differences | 67 | 75 | ||
| Reorganisation costs | (100) | - | ||
| Depreciation and amortisation expense | (233) | (120) | ||
| Total operating expenses | (2,834) | (2,373) | ||
| Group operating loss before exchange differences, | ||||
| depreciation and amortisation expense | (589) | (248) | ||
| Group operating loss | (855) | (293) | ||
| Finance costs | (812) | (779) | ||
| Loss before tax | (1,667) | (1,072) | ||
| Income tax credit | 104 | 80 | ||
| Loss for the year | (1,563) | (992) | ||
| Loss per share (pence) | ||||
| Basic and diluted | (0.37) | (0.24) |
Consolidated statement of comprehensive income
For the year ended 31 December 2024
| 2024 | 2023 | |||
| £'000 | £'000 | |||
| Loss for the year | (1,563) | (992) | ||
| Other comprehensive gain/(loss) | ||||
| Item that will subsequently be reclassified | ||||
| to profit or loss: | ||||
| Exchange differences on translation | ||||
| of foreign operations | (10) | 28 | ||
| Total comprehensive loss for the year | (1,573) | (964) | ||
| Attributable to: | ||||
| Equity holders of the parent | (1,573) | (964) |
Consolidated statement of financial position
As at 31 December 2024
| 2024 | 2023 | |||
| £'000 | £'000 | |||
| Assets | ||||
| Non-current assets | ||||
| Property, plant and equipment | - | 135 | ||
| Right-of-use assets | - | 250 | ||
| - | 385 | |||
| Current assets | ||||
| Trade and other receivables | 825 | 1,345 | ||
| Inventories | 8 | 13 | ||
| Cash and cash equivalents | 113 | 186 | ||
| 946 | 1,544 | |||
| Liabilities | ||||
| Current liabilities | ||||
| Trade and other payables | (5,500) | (5,376) | ||
| Borrowings | (11,470) | (10,840) | ||
| Lease liabilities | - | (110) | ||
| Net current liabilities | (16,024) | (14,782) | ||
| Non-current liabilities | ||||
| Trade and other payables | (456) | (769) | ||
| Borrowings | (7) | (18) | ||
| Lease liabilities | - | (155) | ||
| (463) | (942) | |||
| Net liabilities | (16,487) | (15,339) | ||
| Equity attributable to the owners of the parent | ||||
| Share capital | 8,779 | 8,354 | ||
| Share premium | 15,797 | 15,797 | ||
| Reverse acquisition reserve | (7,620) | (7,620) | ||
| Merger reserve | 10,938 | 10,938 | ||
| Foreign currency translation reserve | (2,252) | (2,242) | ||
| Accumulated losses | (42,129) | (40,566) | ||
| Total equity | (16,487) | (15,339) |
Consolidated statement of changes in equity
For the year ended 31 December 2024
| Share | Share | Reverse acquisition | Merger | Foreign currency translation | Accumulated | Total | |
| capital | premium | reserve | reserve | reserve | Losses | equity | |
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
| Balance at 1 January 2023 | 7,595 | 15,797 | (7,620) | 10,938 | (2,270) | (39,566) | (15,126) |
| Loss for the year | - | - | - | - | - | (992) | (992) |
| Exchange differences on translation | |||||||
| of foreign operations | - | - | - | - | 28 | - | 28 |
| Total comprehensive loss for the year | - | - | - | - | 28 | (992) | (964) |
| Issue of share capital | 759 | - | - | - | - | (10) | 748 |
| Equity settled share-based payments | - | - | - | - | - | 2 | 2 |
| Balance at 31 December 2023 | 8,354 | 15,797 | (7,620) | 10,938 | (2,242) | (40,566) | (15,339) |
| Share | Share | Reverse acquisition | Merger | Foreign currency translation | Accumulated | Total | |
| capital | premium | reserve | reserve | reserve | Losses | equity | |
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
| Balance at 1 January 2024 | 8,354 | 15,797 | (7,620) | 10,938 | (2,242) | (40,566) | (15,339) |
| Loss for the year | - | - | - | - | - | (1,563) | (1,563) |
| Exchange differences on translation | |||||||
| of foreign operations | - | - | - | - | (10) | - | (10) |
| Total comprehensive loss for the year | - | - | - | - | (10) | (1,563) | (1,573) |
| Issue of share capital | 425 | - | - | - | - | - | 425 |
| Equity settled share-based payments | - | - | - | - | - | - | - |
| Balance at 31 December 2024 | 8,779 | 15,797 | (7,620) | 10,938 | (2,252) | (42,129) | (16,487) |
Consolidated statement of cash flows
For the year ended 31 December 2024
| 2024 | 2023 | |||
| £'000 | £'000 | |||
| Operating activities | ||||
| Cash used in operations | (372) | (129) | ||
| Tax received | 92 | 60 | ||
| Interest paid | - | - | ||
| Net cash (used in)/from operating activities | (280) | (69) | ||
| Investing activities | ||||
| Purchase of property, plant & equipment | - | (7) | ||
| Net cash used in investing activities | - | (7) | ||
| Financing activities | ||||
| Issue of ordinary share capital | 425 | 500 | ||
| Share issue costs | - | (10) | ||
| Repayment of borrowings | (110) | (260) | ||
| IFRS 16 leases | (110) | (110) | ||
| Net cash generated from financing activities | 205 | 120 | ||
| Effects of exchange rates on cash | ||||
| and cash equivalents | 2 | (3) | ||
| Net (decrease)/ increase in cash and | ||||
| cash equivalents in the year | (73) | 41 | ||
| Cash and cash equivalents at beginning of year | 186 | 145 | ||
| Cash and cash equivalents at end of year | 113 | 186 |
Notes to the financial statements
1 Financial information
The financial information set out in this final results announcement does not constitute statutory accounts within the meaning of s434 of the Companies Act 2006. Statutory accounts for the year ended 31 December 2024 will be made available to shareholders for approval at the next Annual General Meeting. The statutory accounts contain an unqualified audit report, which did not include a statement under s498(2) or s498(3) of the Companies Act 2006 and will be delivered to the Registrar of Companies.
The statutory accounts for the year ended 31 December 2023 which have been delivered to the Registrar of Companies, contained an unqualified audit report and did not include a statement under s498(2) or s498(3) of the Companies Act 2006.
2 Segmental analysis
The Group presents its results in accordance with internal management reporting information to the chief operating decision maker (Board of Directors). At 31 December 2024 the Board continued to monitor operating results by category of revenue within a single operating segment, the provision of instant communication solutions. Under IFRS 8 the Group has only one operating segment.
Revenue by category
| 2024 | 2023 | ||||
| £'000 | £'000 | ||||
| License fees | 1,786 | 1,943 | |||
| Hardware & software | 107 | 273 | |||
| Professional services | 107 | - | |||
| Support & Maintenance | 33 | 50 | |||
| Total | 2,033 | 2,266 | |||
| 2024 | 2023 | ||||
| £'000 | £'000 | ||||
| Recurring | 1,745 | 1,852 | |||
| Non-recurring | 288 | 414 | |||
| Total | 2,033 | 2,266 |
Revenue is reported by geographical location of customers. Non-current assets are reported by geographical location of assets.
| 2024 | 2024 | 2023 | 2023 | ||
| Non-current | Non-current | ||||
| Revenue | assets | Revenue | assets | ||
| £'000 | £'000 | £'000 | £'000 | ||
| UK | 51 | - | 27 | - | |
| Europe | 201 | - | 165 | - | |
| North America | 84 | - | 58 | - | |
| South America - Mexico | 1,202 | - | 1,283 | - | |
| Middle East | 346 | - | 483 | 385 | |
| Africa | 140 | - | 242 | - | |
| Asia/Pacific | 9 | - | 8 | - | |
| Total | 2,033 | - | 2,266 | 385 |
Of the total revenue of the Group, two customers (2023: three) each represented revenue greater than 10% of this total - these being 37% or £746,000 (2023: 31% or £702,000) and 22% or £457,000 (2023: 26% or £580,000 respectively).
3 Loss per share
Basic loss per share is calculated by dividing the loss attributable to ordinary shareholders of £1,563,000 (2023: £992,000) by the weighted average number of ordinary shares in issue during the year of 422,977,467 (2023: 412,101,271).
| 2024 | 2023 | ||||
| Basic and diluted | Basic and diluted | ||||
| Loss | Loss | Loss | Loss | ||
| per share | per share | ||||
| £'000 | pence | £'000 | pence | ||
| Loss attributable to | |||||
| ordinary shareholders | (1,563) | (0.37) | (992) | (0.24) |
The loss attributable to ordinary shareholders and the weighted average number of ordinary shares for the purpose of calculating the diluted earnings per ordinary share are identical to those used for basic earnings per ordinary share. This is because the exercise of share options are anti-dilutive under the terms of IAS 33.
4 Annual General Meeting
The Annual General Meeting of the Company will be announced separately in due course. The audited results for the year ended 31 December 2024 will be made available to shareholders shortly and will be available on the Company's website at www.mobiletornado.com at the same time.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
FR GPUAAQUPAGQG