EVOLITO LTD

• ⚠

  Material uncertainty over going concern

  The Directors have reviewed the Group's funding requirements in the going concern period and the Group requires additional external funding by summer 2026, within the going concern period. The Directors are confident, based on current discussions with their corporate finance advisors, that they will close a further equity fundraise in the first half of 2026 which will then provide sufficient funding for the business until at least 12 months from the date of signing the financial statements. The existing major shareholders have full insight into the Group's plans, milestones and financial forecasts and remain supportive of the business. As is the inherent nature of equity financing, at this stage the funding is not yet formally committed, the Directors, however, recognise that the Group's ability to continue as a going concern is depending on a successful fundraise and this indicates a material uncertainty which may cast significant doubt over the ability of the Group to continue as a going concern. However, based on its current plan, including the expected fundraise, the Directors are confident that the Group has adequate resources to continue in operational existence for the foreseeable future; thus continue to adopt the going concern basis in preparing the financial statements.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. EVOLITO LTD 2021-09-21 → present
2. YALIUM LIMITED 2021-06-08 → 2021-09-21
3. YASA AEROSPACE LIMITED 2018-04-13 → 2021-06-08

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

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have reviewed the Group's funding requirements in the going concern period and the Group requires additional external funding by summer 2026, within the going concern period. The Directors are confident, based on current discussions with their corporate finance advisors, that they will close a further equity fundraise in the first half of 2026 which will then provide sufficient funding for the business until at least 12 months from the date of signing the financial statements. The existing major shareholders have full insight into the Group's plans, milestones and financial forecasts and remain supportive of the business. As is the inherent nature of equity financing, at this stage the funding is not yet formally committed, the Directors, however, recognise that the Group's ability to continue as a going concern is depending on a successful fundraise and this indicates a material uncertainty which may cast significant doubt over the ability of the Group to continue as a going concern. However, based on its current plan, including the expected fundraise, the Directors are confident that the Group has adequate resources to continue in operational existence for the foreseeable future; thus continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. EVOLITO LTD · parent
   1. Evolito Battery Systems Ltd 100% · England and Wales · electric propulsion technologies for the aerospace industry

Significant events

• “Evolito Ltd closed an equity fundraise for £0.9m in August 2025 and £0.3 in September 2025. The cash for this investment was received in August 2025 and September 2025. This resulted in an additional 1,021,716 shares being issued at a price of £1.18 per share.”

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

Filings

20

last 12 months

Capital events

11

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -4.6%

  £13,920,918 → £13,279,517

• Cash

  +74.3%

  £10,132,613 → £17,662,321

• Net assets

  +12%

  £32,626,515 → £36,530,650

• Employees

  0%

  187 → 187

• Operating profit

  -31.3%

  -£17,055,343 → -£22,391,046

• Profit before tax

  -14.8%

  -£20,777,838 → -£23,843,466

• Wages

  +7.4%

  £13,283,889 → £14,260,853

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