IMAGINATION TECHNOLOGIES GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors recognise that these events and conditions indicate that a material uncertainty exist which may cast significant doubt on the Group and the Company's ability to continue as going concerns and, therefore, the Group and the Company may be unable to realise their assets and discharge their liabilities in the normal course of business. However, the Directors are confident that the Group and the Company will be able to secure the additional liquidity, and if required, raise additional shareholder funding. Therefore, the Directors concluded that it is appropriate to prepare the Group and the Company's financial statements on a going concern basis.

1. IMAGINATION TECHNOLOGIES GROUP LIMITED 2017-11-03 → present
2. IMAGINATION TECHNOLOGIES GROUP PLC 1999-08-31 → 2017-11-03
3. VIDEOLOGIC GROUP PLC 1994-04-20 → 1999-08-31
4. ALNERY NO.1357 PUBLIC LIMITED COMPANY 1994-04-18 → 1994-04-20

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors recognise that these events and conditions indicate that a material uncertainty exist which may cast significant doubt on the Group and the Company's ability to continue as going concerns and, therefore, the Group and the Company may be unable to realise their assets and discharge their liabilities in the normal course of business. However, the Directors are confident that the Group and the Company will be able to secure the additional liquidity, and if required, raise additional shareholder funding. Therefore, the Directors concluded that it is appropriate to prepare the Group and the Company's financial statements on a going concern basis.”

Group structure

1. IMAGINATION TECHNOLOGIES GROUP LIMITED · parent
   1. Imagination Technologies Limited 100% · England
   2. Imagination Technologies India Private Limited 1% · India
   3. Imagination Technologies GmbH 100% · Germany
   4. Imagination Technologies KK 100% · Japan
   5. Imagination Technologies India Private Limited 99% · India
   6. Imagination Technologies Pty Limited 100% · Australia
   7. Imagination Technologies (China) Co., Ltd 100% · China
   8. Imagination Technologies B.V. (Netherlands) 100% · Netherlands
   9. IMG Technologies LLC 100% · USA
   10. Imagination Technologies Romania S.R.L. 100% · Romania

Significant events

• “On 20 July 2024 entered into a Senior Facilities Agreement with Fortress Investment Group, in the form of a 5.5-year $100 million senior secured convertible loan.”
• “The Board approved the discontinuation of the RISC-V CPU product line. The discontinuation of the RISC-V product line led to a number of redundancies across the RISC-V team.”
• “In July 2024, Imagination repaid the outstanding balance of $15.0 million from its Parent Facility Agreement and cancelled this facility.”
• “In July 2024, Imagination cancelled the undrawn RCF, £35.0 million in conjunction with the Fortress Transaction.”
• “In the period from 1 January 2025 to the date of signing of these Consolidated Financial Statements, no subsequent events have been identified.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -29.8%

  £114,047,443 → £80,058,562

• Cash

  +11%

  £42,472,202 → £47,161,601

• Net assets

  -37.9%

  £91,693,106 → £56,985,174

• Employees

  -26.2%

  911 → 672

• Operating profit

  -327.1%

  £12,034,841 → -£27,329,874

• Profit before tax

  -322.2%

  £11,547,813 → -£25,655,300

• Wages

  -19.5%

  £63,625,649 → £51,222,387

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers