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CILO CYBIN HOLDINGS LIMITED - Annual financial results for the year ended 31 March 2024

Release Date: 29/07/2024 14:00
Code(s): CCC     PDF:  
Wrap Text
Annual financial results for the year ended 31 March 2024

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CILO CYBIN HOLDINGS LIMITED
(Incorporated in South Africa on
23 February 2022)
(Registration number 2022/320351/06)
JSE Share code: CCC ISIN: ZAE000310397
("the Company" or "Cilo Cybin")


SUMMARISED ANNUAL FINANCIAL RESULTS FOR THE YEAR ENEDED 31 MARCH 2024


REVIEW OF ACTIVITIES

The Company did not carry on any commercial or business operations from the date of incorporation until the
end of the financial period under review being 31 March 2024. The Company has not entered into any formal
and binding acquisition agreements to acquire Viable Assets at the date of this announcement.

There were no major changes relating to the nature of the business during the year.

REVIEW OF FINANCIAL RESULTS

The annual financial statements have been prepared in accordance with International Financial Reporting
Standards and the requirements of the Companies Act of South Africa. The accounting policies have been
applied consistently compared to the prior year.

Subsequent to year end, 7 101 791 ordinary shares were issued following completion of the subscription
process associated with an Initial Public Offer (IPO). The Company listed on the AltX on 25 June 2024

The Company has not traded since incorporation and the investment income is a result of the money raised
in the IPO that is currently held in an Escrow account until the Company completes the acquisition of Viable
Assets.

Rands (unless otherwise stated)                                  FY2024          FY2023        % Change
Revenue                                                               -               -                  -
Gross profit                                                          -               -                  -
Other income                                                            -                  -             -
Investment income                                             1 064 093                    -           n/d
Total income                                                  1 064 093                    -           n/d
Administrative expenditure                                      564 264          540 004             4.5%
Total expenditure                                               564 264          540 004             4.5%
Operating profit / (loss)                                       499 829         (540 004)         192.6%
Finance cost                                                    (44 394)         (12 000)           270%
Profit / (Loss) before taxation                                 455 435         (552 004)         182.5%
Taxation                                                                -                  -             -
Profit / (Loss) for the year                                    455 435         (552 004)         182.5%
Other comprehensive income                                              -                  -             -
Total comprehensive profit / (loss)                             455 435         (552 004)         182.5%
Earnings/Diluted loss per share (cents)                            0.51               (0.55)       192.7%
Headline earnings/ (loss)/Diluted headline earnings /
(loss) per share (cents)                                            0.51              (0.55)       192.7%

Net cash generated/(outflow) from operating activities          632 283         (222 761)          383.8%


n/d – not defined
For further information

This results announcement is the responsibility of the directors. It is only a summary of the information
contained in the annual financial statements and does not contain full details. Any investment decision should
be based on the annual financial statements, published and available at:

https://senspdf.jse.co.za/documents/2024/jse/isse/ccce/AFS2024.pdf

This report is extracted from audited results but is itself not audited. Nexia SAB&T, the Company's
independent auditor, has audited the annual financial statements and their unmodified audit opinion along
with the annual financial statements are available for inspection on the Company's website at
www.cilocybin.com/holdings.

Samrand
29 July 2024


Designated advisor

DEA-RU		

Date: 29-07-2024 02:00:00
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