RedCloud Holdings plc

Listed Company

RCTCIK 0002027360NasdaqNon-AcceleratedEmerging GrowthRetail-Retail Stores, NecX0GBFY ends Dec 31

Period

FY 2024

Revenue

$46.50M

Net Income

$-50.72M

Total Assets

$17.56M

Equity

$-68.77M

Shares Out

44.23M

Op. Cash Flow

$-34.68M

Business

RedCloud Holdings plc operates an AI-driven Open Commerce platform that facilitates B2B trading of fast-moving consumer goods across supply chains. The company offers the RedCloud Platform with AI and machine-learning‑based recommendations and insights, a mobile ordering app (Red 101), a payments ledger (RedPay), data warehouses and analytics services to support discovery, ordering, inventory and payments. Its activities are organized around serving brands, distributors and retailers, with account management, data/AI R&D and payments integration as core functions. RedCloud operates in Argentina, Brazil, Nigeria and South Africa and distributes services via the Red 101 app, mobile-responsive web interface, WhatsApp channel, field activation officers and third‑party cloud hosting.

Summary from filing dated 2025-05-16

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
Revenue	49	46
Operating expenses:	—	—
Selling, General and Administrative Expense	10	4
Salaries, benefits, contractor costs	22	19
Marketing Expense	49	53
Selling, General and Administrative Expense	988,075	2
Professional Fees	3	2
Product and technology development	4	3
Depreciation Expense	3	2
Total operating expenses	92	85
Net loss from operations	−44	−39
Other expense:	—	—
Interest (income)/expense	−2	−3
Other Income	1	—
Gain on Debt Extinguishment	—	—
Loss from change in fair-value of convertible shareholder loans	—	−6
Foreign currency loss	−2	−470,219
Net loss before income taxes	−46	−53
Income tax benefit	—	−2
Net loss	−46	−51
Earnings Per Share (Basic)	−1.03	−2.09
Earnings Per Share (Diluted)	−1.03	−2.09
Weighted Average Shares Outstanding	45	24
Weighted Average Shares Outstanding, Diluted	45	24

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
ASSETS	—	—
Current Assets:	—	—
Cash and Cash Equivalents	478,983	800,735
Restricted Cash, Current	—	31,936
Accounts Receivable	3	6
Income Tax Receivable	257,304	2
Prepaid Expenses	2	2
Other Non-Operating Current Assets	176,044	509,333
Total Current Assets	5	11
Non Current Assets:	—	—
Property, Plant and Equipment	444,967	593,357
Intangible Assets	7	6
Cash and Cash Equivalents	134,475	—
Total Non Current Assets	7	7
Total Assets	13	18
LIABILITIES AND STOCKHOLDERS’ DEFICIT	—	—
Current Liabilities:	—	—
Accounts Payable	2	3
Vouchers payable	3	6
Other Current Liabilities	2	3
Accrued Income Taxes	233,441	32,387
Other Non-Operating Current Liabilities	—	143,073
Short-Term Debt	8	50
Short-Term Debt	4	558,206
Total Current Liabilities	20	64
Non Current Liabilities:	—	—
Long-Term Debt	—	23
Total Non current Liabilities	—	23
Total Liabilities	20	86
Commitments and Contingencies (Note 15)	—	—
Total Stockholders' Equity	137,820	65,280
Additional Paid-In Capital	183	74
Retained Earnings	−195	−148
Accumulated Other Comprehensive Income	4	5
Total Stockholders’ Deficit	−7	−69
Total Liabilities and Stockholders’ Deficit	13	18

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
Cash flows from operating activities:	—	—
Net loss	−46	−51
Adjustments reconcile net loss to cash used in operating activities:	—	—
Depreciation Expense	3	2
Stock-based compensation	8	1
Provision for Doubtful Accounts (CF)	99,217	44,457
Loss from change in fair-value of convertible shareholder loan	—	−6
Non-cash gain on debt extinguishment	—	—
Accrued interest expense on shareholder loans	199,605	2
Shareholder loan debt discounts	—	192,632
Unrealised loss/(gains)	1	488,158
Changes in operating assets and liabilities:	—	—
Accounts receivable and other receivables	−3	4
Prepayments and Other current assets	−942,121	3
Accounts payable and vouchers payable	−5	7
Accrued expenses	−895,845	2
Value-added tax payable	201,054	−670,241
Income taxes receivable	−1	1
Other current liabilities	−143,073	57,356
Net cash used in operating activities	−37	−35
Cash flows from investing activities:	—	—
Purchases of property and equipment	147,196	629,958
Purchases of intangible assets	3	3
Acquisition of investment in joint venture	134,476	—
Net cash used in investing activities	−3	−4
Cash flows from financing activities:	—	—
Stock Repurchases (Issuances)	37	—
Proceeds from Debt Issuance	—	7
Proceeds from Debt Issuance	—	28
Proceeds from short-term borrowings	3	—
Net cash provided by financing activities	40	35
Effect of exchange rate changes on cash and cash equivalents	17,328	4
Change in cash, cash equivalents and restricted cash during the year	−353,689	245,521
Cash, cash equivalents and restricted cash, end of period	—	—
Cash, cash equivalents and restricted cash, end of period	—	—
*Non-cash transactions in the year related to the folowing:	—	—
Conversion of Shareholders loans to equity on IPO	42	—
Convertible loans to equity	23	—

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