Thalassa Holdings Ltd 2024 Annual Report Summary

Thalassa Holdings Ltd released its audited results for the year ending December 31, 2024. The company reported a loss after tax of £1.01 million, compared to a £0.89 million loss in 2023. Group earnings per share decreased to £0.13, while the book value per share fell from £1.16 to £0.62. Cash reserves increased to £0.5 million. The company maintains significant holdings in Newmark Security plc and Surgical Innovations Group plc.

In macroeconomic highlights, the S&P 500 saw a 24% gain, driven by tech giants like Apple and Nvidia. The market exhibit concerns over AI-related speculative bubbles. U.S. Treasury yields declined, and Donald Trump's re-election initially boosted market optimism. However, subsequent tariff announcements led to market uncertainty.

For micro-highlights, Thalassa progressed in the development of Autonomous Robotics Ltd.'s Flying Node sensor but faced delays. A strategic review achieved cost savings. Market losses ensued from share price declines in major holdings. The company is exploring funding and partnerships for growth opportunities in 2025.