Evolva Holding SA Releases 2024 IFRS Annual Report

Evolva Holding SA has published its consolidated IFRS annual financial statements for 2024. The report details several key financial movements. Operating expenses until the April 2024 AGM, where the decision to revoke liquidation was made, were recorded against liquidation cost accruals. This release of accruals led to a positive net profit of CHF 1.044 million. Furthermore, the divestment of Evolva AG's business was finalized at a purchase price adjusted upward by CHF 1.929 million and CHF 188,000 in early 2024.

Evolva's cash balance at the end of December 2024 was CHF 6.8 million with short-term receivables at CHF 0.8 million. The company also maintains liabilities of CHF 0.9 million, including a reserve for an ongoing legal case. The equity stands at CHF 6.6 million. Despite exploring market opportunities for potential mergers or reverse takeovers post-AGM, no agreements have been finalized.