Full Year Results, Notice of AGM and New Investor Presentation
The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) is pleased to announce its audited full year results for the period to 31st October 2025, publication of its Annual Report and notice of Annual General Meeting, and a new investor presentation.
Full Year Results Summary £225.2 million raised, comprising £209.4m in equity capital and £15.8m in Bitcoin Backed convertible notes 2,660 Bitcoin held at year end; 2,689 Bitcoin held as of 19 February 2026 Strong balance sheet with no fiat debt The Group achieved a profit before tax of £2,835,848 for the year. Excluding one off gains and fair value adjustment credit of £4,308,224, the result would have been a loss before tax of £1,472,376.
Operating Business and Growth Strategy
The Group’s operating business has continued to perform in line with our expectations during the year. Our underlying operations are stable, and we remain confident in the long-term potential of the operating business.
In line with the Company’s 10-Year Plan, acquisitions are a core pillar of our strategy to continue growing and strengthening the operating business. The Company is focused on selectively acquiring profitable, cash-generative businesses with recurring revenue that enhance our core capabilities and support a return to sustainable profitability.
During the year, several opportunities were reviewed, and the Board continues to see an attractive pipeline of potential acquisitions that meet our criteria. The Company remains disciplined in its capital allocation, targeting transactions with clear strategic fit and attractive economics that support operating growth, enhance financial resilience across market cycles, and reinforce the Company’s long-term objective of increasing Bitcoin per share.
Bitcoin Treasury Strategy
Alongside our operating business, the Group’s Bitcoin balance sheet continued to strengthen during the year as we executed on our treasury strategy with a focus on long-term Bitcoin per share growth. Insofar as the Board is aware, the Company remains the largest UK-listed public holder of Bitcoin and continues to manage its balance sheet in a disciplined manner to support sustainable value creation for shareholders.
At the year end, the Company held 2,660 Bitcoin, with a market value of approximately £220m. This position provides the Group with a robust and differentiated balance sheet, which we believe strengthens our long-term financial resilience.
While we acknowledge that Bitcoin is a volatile asset, the Board remains confident in its long- term strategic role within the Group’s balance sheet framework. The Board believes Bitcoin offers a uniquely scarce, secure and globally liquid store of value, supporting its position as a core long-term asset. The Company remains committed to its Bitcoin strategy and will continue to assess opportunities to grow its holdings over time, applying a disciplined approach to capital raising and allocation.