Tanfield Group Plc (TAN.L), an investing company, on Thursday reported a wider loss for fiscal year 2025, driven by increased operating losses.
Meanwhile, revenue remained nil, as the company no longer engages in active trading and instead operates as a passive investment vehicle, primarily holding its stake in Snorkel International.
For the financial year 2025, loss before tax deepened to 1.673 million pounds from 0.271 million pounds last year. Loss per share came in at 1.03 pence compared to 0.17 pence loss in the prior year.
UK-based investment company reported a loss from operations of 1.8 million pounds, an increase from 0.4 million pounds in 2024, primarily due to higher legal costs associated with US proceedings.
The company said that the other aspects of the US proceedings are ongoing with a jury trial expected after summer 2026.
On the London stock exchange, shares of Tanfield are currently losing 6.66 percent trading at 6.39 pence.
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