Golden Rock Global's annual loss widens amid reverse takeover plans
Golden Rock Global PLC on Thursday reported a widened annual loss, as the cash shell said it remains focused on completing a reverse takeover.
The Jersey-registered company said pretax loss widened to £865,367 in 2025 from £131,816 a year earlier.
Operating loss widened to £845,858 from £127,919. The company generated no revenue, unchanged on-year, as it continued as a cash shell.
Golden Rock said operating cash outflows totalled £409,000 in the year, funded by new convertible loan notes.
The company said it remained suspended from trading until its restoration on August 21, 2025. It was suspended again on January 21, 2026, after entering heads of terms for a potential reverse takeover.
Golden Rock said it raised £455,000 from new subscribers through a convertible loan note issue in October 2025, after previously securing a facility from NE-10 Vodka Ltd.
Since the year-end, it has entered subscription agreements to raise a further £1.0 million in new convertible loans, mainly to fund advisory costs for the potential reverse takeover.
Chair Paul Carroll said the board is now focused on delivering a successful reverse takeover in 2026 and creating ‘enhanced value’ for shareholders.
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