Anemoi International Ltd: Financial Overview for 2024

Anemoi International Ltd (AMOI) has released its audited financial results for the year ending December 31, 2024. The company's operating loss decreased to £0.5 million from £0.9 million in 2023. Earnings per share remained at £(0.00), with book value per share decreasing to £0.02.

Despite halving its costs, Anemoi's revenue from ID4 remains insufficient for a public company framework. Talks for a reverse takeover were halted, and board considerations for reorganization are underway to further cut expenses. Fintech acquisition talks were deemed infeasible due to high valuations.

Chairman Duncan Soukup confirmed ongoing negotiations with intermediaries to better market the company's products. The board remains focused on cost reduction strategies and shareholder alignment.