RNS Number : 3726P

Phoenix Digital Assets PLC

22 May 2024

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Phoenix Digital Assets PLC

("Phoenix" or "the Company")

Interim Accounts for the period 01 January 2023 to 31 March 2024

Phoenix (AQSE: PNIX), an investment firm, announces its unaudited interim accounts for the period 1 January 2023 to 31 March 2024.

The directors of Phoenix accept responsibility for this announcement. For further information please contact:

Phoenix Digital Assets
Jonathan Bixby Executive Chairman	Via First Sentinel
First Sentinel
Corporate Adviser Brian Stockbridge	+44 7858 888 007
Tennyson Securities
Corporate Broker Peter Krens	+44 207 186 9030

About Phoenix:

Phoenix Digital Assets PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. Phoenix is headquartered in London, UK and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol PNIX. https://www.getphoenix.co.uk

Phoenix Digital Assets plc Registered Address: 16 Great Queen Street, London WC2B 5DG Management accounts for the period for the period 1 January 2023 to 31 March 2024 prepared for the Company's tender offer for up to 625,000,000 ordinary shares Statement of Comprehensive Income For the period 1 January 2023 to 31 March 2024
	Period from 1 Jan 2023 to 31 Mar 2024
	£
Revenue	-
Profit on disposal of digital assets and tokens	57,108
Fair valuation movements (including impairment and exchange differences) in investments	(261,222)
Fair valuation movements in digital assets and tokens	53,228,376
	53,024,262
Share based payment	(262,600)
Administrative expenses	(2,803,849)
Amortisation	(71,875)
Operating Profit	49,885,938
Finance income	-
Profit before taxation	49,885,938
Taxation	1,371,560
Profit after taxation and total comprehensive profit for the year	51,257,498

Statement of Financial Position As at 31 March 2024
	31 Mar 2024
	£
Non-Current Assets
Intangible assets	71,659,548
Investments	3,429,964
Deferred tax asset	1,371,560
Total non-current assets	76,461,072
Current Assets
Trade and other receivables	5,955
Cash and cash equivalents	424,771
Total current assets	430,726
Total assets	76,891,798
Shareholders' equity
Share capital	1,021,500
Share premium	130,500
Share based payments reserve	3,188,508
Distributable reserve	33,359,133
Retained earnings	39,015,840
Total shareholders' equity	76,715,481
Current Liabilities
Trade and other payables	176,317
Total liabilities	176,317
Total equity and liabilities	76,891,798

Signed by Director

21 May 2024

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