Alina Holdings PLC
Alina Holdings PLC
(Reuters: ALNA.L, Bloomberg: ALNA:LN)
("Alina" or the "Company")
Interim Results for the period ended 30 June 2026
The Company is pleased to announce its results for the six months ended 30 June 2026. The interim results have been submitted to the FCA and will shortly be available on the Company’s website: www.alina-holdings.com
Highlights for the 6 months ended 30 June 2026
GROUP RESULTS 1H 2026 versus 1H 2025
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Group Net Profit / (Loss) for the period - £000 | (£407) vs (£264) |
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Group Earnings / (Loss) Per Share (both basic and diluted)*1 | (1.79p) vs (1.16p) |
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Reported Book value per share*2 | 15.2p vs 19.3p |
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Net Cash - £000 | £1,220 vs £516 |
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Financial Holdings - £000 | £1,604 vs £1,683 |
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*1 based on weighted average number of shares in issue of 22,697,397 (1H25: 22,697,397) |
*2 based on actual number of shares in issue as at 30 June 2026 of 22,697,397 |
Chairman’s Statement
H1 2026 was marked by further progress on the sale of the Company’s property assets. The completion of the sale of the Company’s Brislington property leaves the Company with one remaining asset in Hastings.
During H1, Management also focused on the next phase in the Company’s life. In the Board’s (“BOD”) opinion there is more value to be generated for shareholders by maintaining the public listing rather than by liquidating the Company. The Board has therefore resolved to seek a ‘growth’ solution and is actively engaged in exploring a number of opportunities.
Castle Court, Hastings
As previously reported, the Company’s Hastings property has now been internally sanitised and the BOD is in advanced discussions with two potential tenants to lease the majority (in excess of 90%) of the vacant commercial property on the ground floor and Eastern aspect of the first floor. This would leave the remainder of the first floor and parts of the second floor available for development into flats or work/live units.
In this connection the BOD has retained the services of SHW to oversee the planning application process.
Brislington, Bristol
As previously announced, the sale of the Company’s Bristol property in Brislington completed on 2 June 2026.
Miscellaneous
The Company currently owns 6.6 million shares of Thalassa Holdings and has committed to purchase more from the proceeds of future property sales. These shares will, in due course, be distributed, partially or in full, to shareholders on a pro-rata basis.
I look forward to updating the Market on further development progress and the Company’s shareholder value initiatives in due course.
Duncan Soukup
Chairman
Alina Holdings plc
16 September 2026
Financial Review
Total income for the 1H 2026 period was (£91k) which includes the loss on the sale of Brislington (1H 2025: £121k).
Gross Rental Income declined by 22% to £85k from £109k as at 30 June 2025 due to the sale of Brislington in June 2026.
Cost of sales decreased from £91k to £62k, driven by abortive sale of Brislington credit of £60k that did not complete in early 2026 and £20k increased costs related to service charges at vacant units.
During the period under review Book Value decreased 10% to 15.2p/shr from 16.9p/shr as at 31 December 2025.
Responsibility Statement
We confirm that to the best of our knowledge:
- the condensed set of financial statements has been prepared in accordance with IAS 34 ‘Interim Financial Reporting’ and gives a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings included in the consolidation as a whole as required by DTR 4.2.4 R;
- the interim management report includes a fair review of the information required by DTR 4.2.7R (indication of important events during the first six months and description of principal risks and uncertainties for the remaining six months of the year); and
- the interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of related parties’ transactions and changes therein).
Cautionary statement
This Interim Management Report (IMR) has been prepared solely to provide additional information to shareholders to assess the Company’s strategies and the potential for those strategies to succeed. The IMR should not be relied on by any other party or for any other purpose.
Duncan Soukup
Chairman
Alina Holdings plc
16 September 2026
Interim Condensed Consolidated Statement of Income
For the six months ended 30 June 2026
| | | Six months | Six months | Year |
| | ended | ended | ended |
| | 30 Jun 26 | 30 Jun 25 | 31 Dec 25 |
| | Unaudited | Unaudited | Audited |
Note | | £'000 | £'000 | £'000 |
Gross rental income | | | 85 | 109 | 219 |
Net gains/(losses) on investments at fair value | | | (34) | 45 | (20) |
Interest income | | | 3 | 11 | 15 |
Profit/(Loss) on disposal of investment properties | | | (145) | - | - |
Currency losses | | | - | (44) | (38) |
Total Income | | | (91) | 121 | 176 |
Property operating expenses | | | (59) | (89) | (198) |
Financial holdings expenses | | | (3) | (2) | (4) |
Total Cost of Sales | | | (62) | (91) | (202) |
Gross profit | | | (153) | 30 | (26) |
Administrative expenses including non-recurring items | | | (256) | (282) | (542) |
Gain from change in fair value of investment properties | | | - | - | (191) |
Operating loss before net financing costs | | | (409) | (252) | (759) |
Depreciation | | | (1) | (1) | (3) |
Net financial income/(expense) | | | (10) | (11) | (22) |
Other income/(expense) | | | 13 | - | - |
Share of profits/(losses) of associated entities | | | - | - | (17) |
Loss before tax | | | (407) | (264) | (801) |
Taxation | | | - | - | - |
Profit/(loss) for the year from continuing operations | | | (407) | (264) | (801) |
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