TechFinancials Inc. today announced its unaudited interim results for the six-month period ended 30 June 2024 (“H1 2024”).

The operating loss for the period was US$0.090m (H1 2023: loss of US$ 0.073m); the operating expenses for the period were attributed to general and administrative costs associated with being a publicly quoted company.

Financial gain for the period was US$ nil.

No taxes on income were recorded in the period (H1 2023: US$ nil).

The loss after taxation for the period attributable to shareholders of the Company was US$ 0.090m (H1 2023: loss of US$ 0.073m).

The Company’s cash position for the period ended 30 June 2024 was US$0.318m (31 December 2023: US$0.371m).

Eitan Yanuv, Independent Non-Executive Chairman of the company, commented:

“We will continue to look for opportunities to materialise our assets or join forces with other companies in order to be able move forward.

I would like to thank our shareholders for their continued support in what has been a difficult period globally as well as for the Company.We look forward to updating the market on our progress in due course.”