Interim Results

30 July 2026

Supernova Digital Assets PLC

("Supernova" or the "Company") 

Half-yearly results for the six months ended 30 April 2026

Supernova (AQSE: SOL), a company specialising in the Solana ecosystem, announces its unaudited half-yearly results for the six months ended 30 April 2026.

The Directors of Supernova take responsibility for this announcement.

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 Important Notice

The Company holds cryptocurrencies or cryptoassets. Whilst the Board of Directors of the Company considers holding cryptocurrencies to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in cryptocurrencies to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in cryptocurrencies, either directly or by proxy and shareholders will have no direct access to the Company's holdings. However, the Board of Directors consider cryptocurrencies to be an appropriate store of value and potential growth and therefore appropriate for the Company. Accordingly, the Company is and intends to continue to be materially exposed to cryptocurrencies. 

The Company is neither authorised nor regulated by the FCA, and the purchase of certain cryptocurrencies are generally unregulated in the UK. As with most other investments, the value of cryptocurrencies can go down as well as up, and therefore the value of the Company's cryptocurrencies holdings can fluctuate. The Company may not be able to realise its cryptocurrencies holdings for the same as it paid to acquire them or even for the value the Company currently ascribes to its cryptocurrencies positions due to market movements. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.

Cryptocurrencies may present special risks to the Company's financial position. These risks include (but are not limited to): (i) the value of cryptocurrencies can be highly volatile, with value dropping as quickly as it can rise. Investors in cryptocurrencies must be prepared to lose all money invested in cryptocurrencies; (ii) the cryptocurrencies market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its cryptocurrencies at will. The ability to sell cryptocurrencies depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay; and (iv) cryptoassets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. Prospective investors in the Company are encouraged to do their own research before investing.

Executive Chairman's statement

For the six month's ended 30 April 2026

The six months ended 30 April 2026 were characterised by continued weakness across cryptocurrency markets, with digital asset valuations declining significantly and creating a challenging operating environment for companies with exposure to the sector.

These adverse market conditions persisted throughout the period under review. In response, the Board continued to reduce the Company's operating cost base wherever practicable while ensuring compliance with the obligations associated with maintaining its public listing. Certain expenditure, including audit, AQSE advisory, registrar and listing fees, remains essential to maintaining the Company's listing and cannot be materially reduced.

During the period, the Company realised a portion of its Solana holdings, resulting in a corresponding reduction in staking income. The Board has also evaluated the merits of reallocating capital from Solana into Bitcoin, reflecting its view that Bitcoin may be better positioned to benefit from any sustained recovery in digital asset markets.

The Company continued to assess the most appropriate means of meeting its ongoing operational requirements. While the sale of additional digital assets remains a source of liquidity, the Directors believe that disposing of assets at prevailing market valuations would not be in the best interests of shareholders. Accordingly, the Board has continued to pursue alternative sources of funding with the objective of preserving the Company's long-term digital asset holdings.

As previously announced, the Company entered into a collateralised digital asset lending facility with Amina Bank AG, under which certain cryptocurrency holdings were pledged as collateral in exchange for cash borrowings. The facility enabled the Company to increase its investment exposure during the period.

The Company is now progressing a transition to an alternative lending provider with the objective of securing more competitive financing terms, including lower borrowing costs and improved loan-to-value ratios. Discussions are at an advanced stage; however, there can be no assurance that revised facilities will be concluded or that they will be available on terms acceptable to the Company. Subject to a successful outcome, the Board believes such facilities would reduce the likelihood of the Company needing to dispose of digital assets while market valuations remain depressed.

The Board remains focused on prudent capital management, disciplined cost control and preserving the Company's balance sheet through the current market cycle. While near-term market conditions remain challenging, the Directors believe that maintaining financial flexibility and preserving the Company's core digital asset exposure will position the Company to benefit from any future recovery in digital asset markets.

Michael Edwards

Executive Chairman

29 July 2026