Alina Holdings PLC
Alina Holdings PLC
(Reuters: ALNA.L, Bloomberg: ALNA:LN)
("Alina" or the "Company")
AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025
The Company today announces its audited results for the year ended 31 December 2025.
The information set out below is extracted from the Company's Report and Accounts for the year ended 31 December 2025, which will be published today on the Company's website www.alina-holdings.com. A copy has also been submitted to the National Storage Mechanism where it will be available for inspection. Cross-references in the extracted information below refer to pages and sections in the Company's Report and Accounts for the year ended 31 December 2025.
Highlights for the Year ended 31 December 2025
GROUP RESULTS 2025 versus 2024
Group Net Profit / (Loss) for the period - £000 | (£801) vs (£327) |
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Group Earnings / (Loss) Per Share (both basic and diluted)*1 | (3.53p) vs (1.44p) |
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Reported Book value per share*2 | 16.9p vs 20.5p |
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Cash - £000 | £447 vs £850 |
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Financial Holdings - £000 | £1,617 vs £0 |
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Property Holdings - £000*3 | £2,361 vs £2,555 |
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*1 based on weighted average number of shares in issue of 22,697,000 (2024: 22,697,000) |
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*2 based on actual number of shares in issue as at 31 December 2025 of 22,697,000 (2024: 22,697,000) |
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*3 Property Holdings, as shown above, reflect ownership of Hastings and Brislington (as at December 2025 & December 2024). |
Report for the Year to 31 December 2025
Alina Holdings PLC (“Alina” or the “Company”) is a company registered on the Main Market of the London Stock Exchange. The group financial statements consolidate those of the Company and its subsidiaries (together referred to as the “Group”).
Chairman’s Statement
2025 saw significant progress at the Company’s remaining property assets with rentals at the Company’s Bristol property resulting in passing rent increasing in 2025/2026 to more than £200K. In Hastings we also made significant progress and have now secured non-binding agreements with two national brand hospitality companies; final contracts will be subject to approval by their respective board’s as well as reaching agreement on detailed Terms and Conditions.
Rather annoyingly the contractually agreed sale of the Company’s Brislington property fell through due to non-performance on the part of the buyer. Whilst we did not achieve the desired outcome, we did, nonetheless, retain the buyer’s £110,000 deposit.
For the remainder of 2026, the Board’s focus is on the redevelopment of Castle Court, Hastings to accommodate the two National Brand tenants on the ground floor and the conversion of the upper units into live/workspace, as well as the sale of the Brislington, Bristol property.
Duncan Soukup
Chairman
Alina Holdings plc
30 April 2026
Financial Review
The financial statements contained in this report have been prepared in accordance with UK Adopted International Accounting Standards.
Result
The Group recorded a loss for the year to 31 December 2025 of (£801k) vs 2024 loss of (£327k).
Throughout the reporting period the Group had no borrowings and held cash reserves at 31 December 2025 of £447k vs 2024 of £850k.
Operating Expenses
Property operating expenses for the year to 31 December 2025 were £198k vs 2024 £139k.
Administrative Expenses
Administrative expenses were £542k in 2025 vs £693k during the year to 31 December 2024. Every effort will be made to further reduce operating expenses in 2026.
Shareholders’ Equity (Book Value or BV)
The BV at 31 December 2025 was £3.85m vs £4.65m in 2024, or 16.9p vs 20.5p per share in 2024.
At 31 December 2025 the Group held £447k of cash vs. £850k as 31 December 2024. 2025 Year-end debt was Nil as per 2024.
At 31 December 2025, one of the companies’ properties is classed as held for sale at a valuation of £1.2m in line fair value less costs to sell.
Financing
The Group had no borrowings during the year and the Group’s operations were financed from its property income.
During the reporting period the Group held some of its cash in foreign currencies. These holdings generated a small unrealised loss at the end of the period, principally from the decrease in USD value against GBP across the period. The risk associated with foreign currency holdings is described in Note 16 to the financial statements.
Dividend
In line with the Group’s current dividend distribution policy no dividend will be paid in respect of the reporting period. The directors will continue to review the dividend policy in line with progress with the Group’s investment strategy.
Risk Management & Operational Controls
The directors recognize that commercial activities invariably involve an element of risk. A number of the risks to which the business is exposed, such as the condition of the UK domestic economy and sentiment in the UK property market, are beyond the Company’s influence. However, such risk areas are monitored and appropriate mitigating action, such as reviewing the substance and timing of the Company’s operational plans, is taken wherever practicable in response to significant changes. The directors consider the risk areas the Company is exposed to in the light of prevailing economic conditions and the risk areas set out in this section are subject to review.
In relation to asset management, the Company’s approach to risk reflects the Company’s granular business model and position in the market and involves the expertise of its directors, management and third-party advisers. Operational progress and key investment and disposal decisions are considered in regular management team meetings as well as being subject to informal peer review.
Higher level risks and financial exposures are subject to constant monitoring. Major investment and disposal decisions are subject to review by the directors in accordance with a protocol set by the Board.
The Board’s approach in this area is further explained in the Governance section, under Risk & Internal Control.
Principal Risks and Uncertainties
| Potential Risk | Impact | Mitigation |
Rank | Property and Investment Portfolio Performance | | |
1. | Effect of downturn in macroeconomic environment | - Tenant defaults
- Reduced rental income
- Increased void costs
- Reduction in Net Asset Value and realisation value of assets
| - Actual and prospective voids and rental arrears continually monitored.
- Early identification of / discussions with tenants in difficulties
- Regular review of all properties for lease terminations and tenant risk, with early action to take control of units as appropriate
- Limited requirement for tenant incentives within sub-sector
- Close liaison with local agents enables swift decisions on individual properties
- Tendency of small traders to take early action in response to economic conditions
- Diverse tenant base
- Sustainable location and property use
- Ensuring positions are sufficiently hedged to ensure long and short positions are in place to take advantage of the market movements
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2. | Higher than anticipated property maintenance or improvement / refurbishment costs | - Income insufficient to cover costs
- Decline in property value
| - All material expenditure subject to authorisation regime
- Capital expenditure subject to regular review
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3. | Changes to legal environment, planning law or local planning policy | - Adverse impact on portfolio
- Loss of development opportunity
- Reduction in realisation value of assets
| - Monitoring of UK property environment and regulatory proposals
- Close liaison with agents and advisers
- Membership of and dialogue with relevant industry bodies
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4. | Failure to comply with regulatory requirements in connection with property portfolio, including health, safety and environmental | - Tenant and third-party claims resulting in financial loss
| - Guidance on regulatory requirements provided by managing agents and professional advisers
- Individual properties monitored by asset managers and agents
- Managing agents operate formal regulatory certification process for residential accommodation
- Ongoing programme of risk assessments for key multi-tenanted sites
- Key risks covered by insurance policies
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| Corporate Governance & Management | | |
5. | Non-availability of information technology systems or failure of data security | - Impact on operations and reporting ability
- Financial claims arising
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