**Summary of Everest Global PLCs Final Results for the Year Ended 31 October 2025**
**Financial Performance**
**Revenue Growth** Revenue increased to £566,755 in 2025 from £437,768 in 2024, driven by the full contribution of a new retail store opened in January 2025.
**Loss Before Tax** The company reported a loss before tax of £1,105,279 in 2025, compared to a loss of £629,780 in 2024. The first half of 2025 showed strong performance, with a return to profitability before one-off items of £75,617.
**Gross Profit Margins** Margins improved due to better supplier terms and a favorable product mix.
**Administrative Expenses** Managed prudently, with a focus on operational discipline and future growth investment.
**Capital Management**
**Convertible Loan Notes (CLNs)** The outstanding balance of CLNs decreased to £2,537,520 in 2025 from £3,570,119 in 2024. In August 2025, £1,500,000 of CLNs were repaid to Surich Real Estate Opportunity Fund SPC (SPC). In November 2025, SPC subscribed for £1,500,000 in new CLNs to support working capital, capital expenditure, and potential acquisitions.
**Capital Re-Organisation** Shareholders approved a capital re-organisation in November 2025, involving the sub-division and re-classification of existing ordinary shares into new ordinary shares. The re-organisation resulted in 1 new ordinary share for every 200 existing shares, reducing the total number of shares from 77,388,855 to 386,945.
**Strategic Initiatives**
**Acquisition Strategy** Focus on expanding through acquisitions, investments, and joint ventures in the food and beverage industry, particularly in beverage distribution and production in the UK and Europe.
**Organic Growth** Scaling existing operations, including increasing stores and product lines for Precious Link (UK) Limited.
**Geographic Expansion** Plans to expand further in London and Southeast England.
**Category Extension** Introduction of premium tobacco, spirits, specialty beverages, and complementary product lines.
**Outlook**
**Growth Focus** Continued emphasis on acquisitions, investments, and joint ventures in the food and beverage sector.
**Capital Structure Management** Active management of the capital structure, including simplifying the CLN position and completing the capital re-organisation.
**Funding Requirements** Additional capital will be needed to invest in strategic opportunities.
**Corporate Governance and Compliance**
**Stakeholder Engagement** Commitment to engaging with customers, suppliers, shareholders, lenders, and staff to ensure alignment with strategic goals.
**Regulatory Compliance** Adherence to national and international laws and regulations, including human rights and social interaction standards.
**Key Performance Indicators (KPIs)**
**Turnover:** Increased to £566755 in 2025 from £437768 in 2024.
**Gross Profit:** Rose to £171362 in 2025 from £108054 in 2024.
**Cash on Hand:** Increased to £1063463 in 2025 from £279725 in 2024.
**Underlying Operating Loss** Improved to £1,085,087 in 2025 from £669,607 in 2024.
**Risks and Uncertainties**
**Financial Risks** Credit risk, liquidity risk, and foreign currency risk are actively managed.
**Operational Risks** Supply chain disruptions, regulatory compliance, and maintaining product quality are key concerns.
**Strategic Risks** Identifying suitable acquisition targets and adapting to changing consumer preferences are critical challenges.
**Conclusion**
Everest Global PLC demonstrated resilience and strategic focus in 2025, despite financial losses. The companys efforts in capital management, strategic acquisitions, and operational efficiency position it for future growth in the competitive food and beverage industry. The Board remains committed to delivering long-term value to shareholders through disciplined capital allocation and strategic expansion.
| Financial Metric | Year Ended 31 Oct 2025 | Year Ended 31 Oct 2024 | Change |
|---|---|---|---|
| Revenue | £566,755 | £437,768 | 29.4% |
| Gross Profit | £171,362 | £108,054 | 58.6% |
| Operating Loss | (£1,085,087) | (£669,607) | -62.1% |
| Loss Before Tax | (£1,105,279) | (£629,780) | -75.5% |
| Cash and Cash Equivalents | £1,063,463 | £279,725 | 280.2% |
| Convertible Loan Notes (CLNs) | £2,537,520 | £3,570,119 | -28.9% |
| Total Debt (incl. CLNs) | £2,732,712 | £3,635,775 | -24.9% |
Notes:
- Revenue and gross profit increased significantly year-on-year, driven by the full contribution of the new retail store opened in January 2025.
- Operating loss and loss before tax worsened due to a £379,127 impairment of goodwill related to the acquisition of Precious Link (UK) Limited.
- Cash and cash equivalents increased substantially due to financing activities, including the issuance of new CLNs and repayment of existing ones.
- CLNs and total debt decreased as the company repaid £1,500,000 of CLNs in August 2025 and issued new CLNs post-year end.