LONDON: Rosebank Industries plc reported a statutory operating loss of £33.2 million for the six months ended June 30, 2025, driven by expenses related to its acquisition of ECI, which was finalized yesterday. The adjusted operating loss narrowed to £2.2 million, reflecting tighter control over head office costs.
The company ended the period with £55.2 million in cash and cash equivalents, up from £48.1 million at Dec. 31, 2024. The latest figure includes £11.0 million in proceeds from ECI’s capital raise received prior to the period’s close.
Free cash flow for the period was negative £1.2 million, compared to a £0.6 million outflow in the previous seven-month period.
Chief Executive Simon Peckham said the ECI acquisition marks “an exciting first step” in Rosebank’s strategy to unlock shareholder value. He added that ECI’s record adjusted operating margin in H1 underscores its “underlying potential.”
The company said ECI’s interim results were presented under US GAAP and remain unaudited. A full reconciliation of statutory to adjusted operating loss is available in the interim financial statements.