Core Insights - Connecting Excellence Group PLC reported strong interim results for the period ended 31 December 2025, highlighting a successful IPO and growth in net fee income driven by higher-value placements [1][4][10] Financial Highlights - Group revenue/net fee income for the period reached £1.21 million, with net fee income increasing by 20.3% to £0.89 million from 1 July 2025 to 31 December 2025 [2][10] - The average fee per placement rose by 12.7%, reflecting the Group's strategic focus on higher-value executive mandates [2][10] - Group gross profit for the period was £0.78 million, while the Group reported an EBITDA loss of £54,000 and an operating loss of £59,000, which included exceptional IPO costs of £806,800 [2][10] - The Group's cash balance at the end of the period was £1.40 million, with Bitcoin treasury holdings valued at £2.62 million, consisting of 40.36 BTC [2][10] Strategic and Operational Highlights - The company raised £1.5 million in pre-IPO funding and successfully completed its IPO in December 2025, raising £3.3 million gross [2][10] - Continued development of the Spencer Riley recruitment platform, focusing on high-growth sectors such as engineering, logistics, life sciences, and technology [2][10] - Launched a dedicated Bitcoin executive recruitment division to support talent placement within Bitcoin-native companies and traditional businesses seeking Bitcoin expertise [2][10] Bitcoin Treasury Strategy - The company acquired 31.08 BTC at an average price of £66,596, adding to the 9.28 BTC held prior to the IPO, and launched the XCE BTC Bond to grow its Bitcoin treasury [3][11][12] - As of the announcement date, the company holds a total of 52.42 BTC in its treasury, including 10 BTC related to the 2026 Bitcoin-denominated convertible bond program [3][13] Post-Period Performance - The company achieved its highest monthly net fee income to date in January 2026, generating £0.25 million, indicating strong demand for senior executive placements [3][13] - Further Bitcoin acquisitions were made using IPO funds and free cash flow, with an additional 2.06 BTC acquired at an average price of £63,168 [3][13] Market Position and Future Outlook - The company is focused on driving recruitment revenue growth and developing its Bitcoin executive recruitment division, leveraging innovative structures like the XCE BTC Bond [5][6][15] - The Board is exploring strategic acquisitions within the executive recruitment sector and aims to align performance-based incentives with shareholder value [6][15]

Core Business Overview - Connecting Excellence Group Plc operates as an international executive recruitment firm, placing senior-level professionals across various sectors including consulting, logistics, engineering, and technology [2][4] - A significant portion of the company's revenue is derived from US clients and candidates, with placements including US sales directors and UK managing directors [2][5] Bitcoin Treasury Strategy - The company began acquiring Bitcoin with surplus cash flows in 2021 during a period of price weakness, with revenues increasing at more than 30% compound annual growth during that time [3] - The company aims to accumulate Bitcoin to reach a target of 1,000 Bitcoin when beneficial to shareholders, indicating a long-term thesis that Bitcoin's value will increase over the next 5 to 20 years [3][4] Market Position and Future Plans - Connecting Excellence Group Plc has started trading on the OTCQB to broaden access to US investors, with around 30% of revenue already generated in the US [3] - The company is preparing for potential capital raising and increasing Bitcoin per share, alongside strategic hiring and a possible main market listing [4]