REGISTERED NUMBER: 09962280 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Comparitech Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Profit and Loss Account

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

A G Belmonte

N E Feather

T S Hetherington

REGISTERED OFFICE:

Suite 3

Falcon Court Business Centre

College Road

Maidstone

Kent

ME15 6TF

REGISTERED NUMBER:

09962280 (England and Wales)

AUDITORS:

A4G Audit Ltd

Chartered Accountants

& Statutory Auditors

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

The directors present their strategic report for the year ended 31 December 2024.

The company providers reviews and comparison of software, generating revenue from lead generation for its customers.

REVIEW OF BUSINESS

Principle Activities

The business continued its focus on generating leads and sales for cybersecurity software providers. Revenue was significantly down year on year. This can be attributed to a number of headwinds. These include reduction in client budgets, changes to Google's algorithm and in particular the introduction of AI generated search results, leading to lower search engine traffic to the company's websites. These headwinds continue to be the main risks to the business going forward, with AI representing the greatest threat.

Future Developments

The business has launched a number of initiatives to reduce reliance on traffic from Google's organic search results, with plans to further invest in these, should they show potential.

Key Performance Indicators

The company's key performance indicators during the period were as follows:

31/12/2024 31/12/2023 Change

£    £000 %

Turnover 6,776 15,268 -56

Gross profit 5,030 13,794 - 64

Operating profit 3,127 11,289 -73

Profit after tax 2,151 8,391 -75

Shareholders' funds 2,023 10,116 - 80

Average number of employees 10 11 22

PRINCIPAL RISKS AND UNCERTAINTIES

The two principal risks to the company are concentration of revenue with larger clients (although this is

increasingly diversified), and risk from fluctuations in Google's algorithms.

ON BEHALF OF THE BOARD:

A G Belmonte - Director

19 September 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS

Interim dividends per share were paid as follows:

8.46

- 3 June 2024

0.33

- 5 December 2024

8.79

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2024 will be £ 10,244,285 .

DIRECTORS

The directors who have held office during the period from 1 January 2024 to the date of this report are as follows:

Mr H K Ravichandran - resigned 31 May 2024

Mr B I Cunneen - resigned 31 May 2024

Mr H R Saeed - resigned 31 May 2024

A G Belmonte - appointed 31 May 2024

N E Feather - appointed 31 May 2024

T S Hetherington - appointed 31 May 2024

Mr. R Patterson ceased to be a director after 31 December 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, A4G Audit Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A G Belmonte - Director

19 September 2025

Opinion

We have audited the financial statements of Comparitech Ltd (the 'company') for the year ended 31 December 2024 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

" the nature of the industry and sector, control environment and business performance including the design of the Group's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

" the results of our enquiries of management about their own assessment of the risk of fraud and consideration of laws and regulations

" any matters we identified having obtained and reviewed the Group's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

" our independence to the entity

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

Audit response to risks identified

Our procedures to respond to risks identified included the following:

" enquiry of management and appropriate staff to identify any instances of non-compliance with laws and regulations;

" performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

" reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

" carrying out pre audit checks to ensure that we are independent

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr M Palmer (Senior Statutory Auditor)

for and on behalf of A4G Audit Ltd

Chartered Accountants

& Statutory Auditors

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

30 September 2025

TURNOVER

6,627,453

15,267,836

Cost of sales

1,758,108

1,474,186

GROSS PROFIT

4,869,345

13,793,650

Administrative expenses

2,050,563

2,088,095

2,818,782

11,705,555

Other operating income

(78,195

)

(447,674

)

OPERATING PROFIT

5

2,740,587

11,257,881

Interest receivable and similar income

148,659

47,389

2,889,246

11,305,270

Interest payable and similar expenses

6

-

15,843

PROFIT BEFORE TAXATION

2,889,246

11,289,427

Tax on profit

7

738,060

2,898,815

PROFIT FOR THE FINANCIAL YEAR

2,151,186

8,390,612

PROFIT FOR THE YEAR

2,151,186

8,390,612

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,151,186

8,390,612

FIXED ASSETS

Intangible assets

9

7,312

8,370

Tangible assets

10

522,801

1,502,556

Investments

11

-

1

530,113

1,510,927

CURRENT ASSETS

Debtors

12

1,070,527

2,011,464

Cash at bank

1,228,569

8,917,817

2,299,096

10,929,281

CREDITORS

Amounts falling due within one year

13

709,841

1,990,080

NET CURRENT ASSETS

1,589,255

8,939,201

TOTAL ASSETS LESS CURRENT LIABILITIES

2,119,368

10,450,128

PROVISIONS FOR LIABILITIES

15

96,179

333,840

NET ASSETS

2,023,189

10,116,288

CAPITAL AND RESERVES

Called up share capital

16

11,650

11,650

Share premium

17

9,795

9,795

Retained earnings

17

2,001,744

10,094,843

SHAREHOLDERS' FUNDS

2,023,189

10,116,288

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

A G Belmonte - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2023

11,650

15,787,271

9,795

15,808,716

Changes in equity

Dividends

-

(14,083,040

)

-

(14,083,040

)

Total comprehensive income

-

8,390,612

-

8,390,612

Balance at 31 December 2023

11,650

10,094,843

9,795

10,116,288

Changes in equity

Dividends

-

(10,244,285

)

-

(10,244,285

)

Total comprehensive income

-

2,151,186

-

2,151,186

Balance at 31 December 2024

11,650

2,001,744

9,795

2,023,189

Cash flows from operating activities

Cash generated from operations

1

4,780,052

12,960,031

Interest paid

-

(15,843

)

Tax paid

(844,555

)

(3,279,370

)

Net cash from operating activities

3,935,497

9,664,818

Cash flows from investing activities

Purchase of tangible fixed assets

-

(646

)

Sale of fixed asset investments

1

-

Interest received

148,659

47,389

Net cash from investing activities

148,660

46,743

Cash flows from financing activities

New loans in year

-

1,529,074

Loan repayments in year

(1,529,074

)

-

Equity dividends paid

(10,244,285

)

(14,083,040

)

Net cash from financing activities

(11,773,359

)

(12,553,966

)

Decrease in cash and cash equivalents

(7,689,202

)

(2,842,405

)

Cash and cash equivalents at beginning of year

2

8,917,771

11,760,176

Cash and cash equivalents at end of year

2

1,228,569

8,917,771

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.24

31.12.23

£

£

Profit before taxation

2,889,246

11,289,427

Depreciation charges

980,812

1,188,303

Finance costs

-

15,843

Finance income

(148,659

)

(47,389

)

3,721,399

12,446,184

Decrease in trade and other debtors

809,772

385,302

Increase in trade and other creditors

248,881

128,545

Cash generated from operations

4,780,052

12,960,031

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

1,228,569

8,917,817

Bank overdrafts

-

(46

)

1,228,569

8,917,771

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

8,917,817

11,760,176

Bank overdrafts

(46

)

-

8,917,771

11,760,176

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank

8,917,817

(7,689,248

)

1,228,569

Bank overdrafts

(46

)

46

-

8,917,771

(7,689,202

)

1,228,569

Total

8,917,771

(7,689,202

)

1,228,569

1.	STATUTORY INFORMATION

Comparitech Ltd is a private company, limited by shares, registered and incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Sales comprise the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Investments in subsidiaries

Investments in subsidiaries are shown at fair value.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at

transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or

cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£

£

Wages and salaries

670,578

488,817

Other pension costs

7,478

5,661

678,056

494,478

The average number of employees during the year was as follows:

31.12.24

31.12.23

Directors

1

1

Administration

1

1

Technical staff

8

9

10

11

31.12.24

31.12.23

£

£

Directors' remuneration

150,000

58,500

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.24

31.12.23

£

£

Other operating leases

3,620

3,340

Depreciation - owned assets

979,755

1,187,246

Patents and licences amortisation

1,058

1,057

Auditors' remuneration

12,789

(5,083

)

Foreign exchange differences

78,195

447,674

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.24

31.12.23

£

£

Interest charges

-

15,843

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.12.24

31.12.23

£

£

Current tax:

UK corporation tax

975,722

2,695,869

Deferred tax

(237,662

)

202,946

Tax on profit

738,060

2,898,815

8.

DIVIDENDS

31.12.24

31.12.23

£

£

Ordinary shares of 0.01 each

Interim

10,244,285

14,083,040

9.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

and 31 December 2024

10,572

AMORTISATION

At 1 January 2024

2,202

Amortisation for year

1,058

At 31 December 2024

3,260

NET BOOK VALUE

At 31 December 2024

7,312

At 31 December 2023

8,370

10.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

5,369,124

DEPRECIATION

At 1 January 2024

3,866,568

Charge for year

979,755

At 31 December 2024

4,846,323

NET BOOK VALUE

At 31 December 2024

522,801

At 31 December 2023

1,502,556

11.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

1

Disposals

(1

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1