Interim financial information for the six-month period ended 30[th] June 2024

Mollyroe plc
(“Mollyroe” or the “Company”)

Interim financial information for the six-month period ended 30^th June 2024

Chairman’s Statement

We are pleased that the new investment strategy of the Company was approved by a General Meeting earlier in the year and we shall seek to implement this strategy as opportunities and market conditions allow.

We are also pleased to have amended the articles of the Company to enable electronic communications with shareholders, a step forward in cost savings and efficiency.

Following a sub-division of the Company’s ordinary shares during the period, from a par value of £0.20 per ordinary share into £0.0001 ordinary shares and, a subsequent issue of 861,740 new £0.0001 ordinary shares, the number of ordinary shares in issue, on a post share consolidation basis, at the period end was 40,275,480 (31 December 2023: 1,970,688 ordinary shares of £0.20). We are working with our registrars to issue new share certificates in the near term.

Your board continue to reduce other overheads wherever possible whilst we seek opportunities to invest the limited amount of capital and review the opportunities now available to the Company.

N Lyons Chairman

18^th September 2024

The Directors of the Company accept responsibility for the contents of this announcement.

Enquiries

Company

Paul Ryan - Executive Director   

[e-mail]

Peterhouse Capital Limited

Financial Adviser and Corporate Broker

+ 44 (0) 20 7469 0930

Consolidated Statement of Comprehensive Income

for the period from 1^st January 2024 to 30^th June 2024

	Interim	Interim	Year ended
	30 Jun 24	30 Jun 23	31 Dec 23
	(Unaudited)	(Unaudited)	(Audited)
Turnover	£-	£-	£-
Gross profit	-	-	-
Administrative expenses	(46,250)	(25,021)	(72,882)
Operating loss	(46,250)	(25,021)	(72,882)
Interest receivable	2,301	1,707	4,099
Loss on ordinary activities before taxation	(43,949)	(23,314)	(68,783)
Taxation	-	-	-
Loss on ordinary activities after taxation	(43,949)	(22,314)	(68,783)
Earnings per share	(0.30)	(1.18)	(3.49)
Average number of ordinary shares in issue	14,738,959	1,970,688	1,970,688

Consolidated Statement of Financial Position

at 30^th June 2024

	Interim 30 Jun 24(Unaudited)	Interim 30 Jun 23(Unaudited)	Year ended 31 Dec 23(Audited)
Fixed assets	£	£	£
Tangible assets	-	-	-
Current assetsDebtors	7,520	6,101	7,578
Cash at bank and in hand	312,359	376,326	335,550
	319,879	382,427	343,128
Creditors: amounts falling due within one year	(52,402)	(36,778)	(42,948)
Net current assets	267,477	345,649	300,180
Total assets less current liabilities	267,477	345,649	300,180
Creditors: amounts falling due after more than one year	-	-	-
	267,477	345,649	300,180
Capital and reservesCalled up share capital	427,478	418,861	418,861
Share premium	6,102	3,473	3,473
Profit and loss account	(166,103)	(76,685)	(122,154)
Shareholders’ funds	267,477	345,649	300,180

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