• $6.14 million loss after tax in H1 2024
• Impairment of $4.95 million unsecured loan to former CEO
• Significant legal costs incurred due to legacy disputes

Keybridge Capital Limited reported a loss of $6,140,765 for the half-year ended 31 December 2024, compared to a profit of $8,650,727 in the prior corresponding period. The loss was materially impacted by legacy transactions and governance matters that occurred prior to the appointment of the current Board of Directors in February 2025. Key factors contributing to the loss include the impairment of a $4.95 million unsecured loan advanced to an entity associated with the former CEO, Mr. Bolton, to acquire a property in Lake Como, Italy, as well as significant legal expenses incurred in responding to and managing legacy disputes. The company also recognized impairments against other loan receivables advanced in prior periods, including amounts under previous director-related arrangements. Keybridge's financial performance and position reflect the consequences of these matters under the former management. The current Board is focused on restoring balance sheet strength, improving liquidity, and pursuing recovery actions to benefit shareholders. Subsequent to the reporting period, Keybridge has incurred further substantial costs arising from steps taken by the former directors, including the voluntary administration process. The ongoing solvency of the company is dependent on continued funding support and the successful resolution of recovery actions.