Cloudified Holdings PLC on Monday released interim and full-year results as it aims for a successful reverse takeover.

The British Virgin Islands-incorporated shell company said in the six months to September 30, pretax loss narrowed to £145,394 from £554,518 a year ago.

In the financial year ended March 31, pretax loss decreased to £1.4 million from £2.6 million.

Looking ahead, the company aims to achieve a successful acquisition of a media and events asset in the second quarter of 2025 which will constitute a reverse takeover and allow Cloudified’s shares to resume trading.

Cloudified shares are currently suspended in London.

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