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REGISTERED NUMBER: 15585285 (England and Wales)

Report of the Directors and

Consolidated Financial Statements for the Period 22 March 2024 to 30 June 2025

for

Aloha Topco Limited

Aloha Topco Limited (Registered number: 15585285)

Contents of the Consolidated Financial Statements

for the Period 22 March 2024 to 30 June 2025

Page |

Company Information | 1 |

Report of the Directors | 2 |

Report of the Independent Auditors | 4 |

Consolidated Income Statement | 8 |

Consolidated Other Comprehensive Income | 9 |

Consolidated Balance Sheet | 10 |

Company Balance Sheet | 11 |

Consolidated Statement of Changes in Equity | 12 |

Company Statement of Changes in Equity | 13 |

Notes to the Consolidated Financial Statements | 14 |

Aloha Topco Limited

Company Information

for the Period 22 March 2024 to 30 June 2025

| DIRECTORS: | Mr A K Hume

| Mr C J Kay

| Mr M G Hepsworth

| Mrs C P Sweet

| Mr C Sowerby

| SECRETARY: | BCS Cosec Limited

| REGISTERED OFFICE: | C/o Windsor House Station Court, Station

| Great Shelford

| Cambridge

| CB22 5NE

| REGISTERED NUMBER: | 15585285 (England and Wales)

| AUDITORS: | WP Audit Limited

| Statutory Auditors

| TOR

| Saint-Cloud Way

| Maidenhead

| Berkshire

| SL6 8BN

Aloha Topco Limited (Registered number: 15585285)

Report of the Directors

for the Period 22 March 2024 to 30 June 2025

The directors present their report with the financial statements of the company and the group for the period 22 March 2024 to 30 June 2025.

COMMENCEMENT OF TRADING

The group was incorporated on 22 March 2024 and completed the acquisition of Vanda Securities Pte.Ltd and its subsidiaries on 17 May 2024. Consequently, the group financial statements include the results of Vanda Securities Pte.Ltd and its subsidiaries from the date of acquisition.

EVENTS SINCE THE END OF THE PERIOD

Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS

The directors who have held office during the period from 22 March 2024 to the date of this report are as follows:

Miss Y Duong - appointed 17 May 2024

Mr A K Hume - appointed 17 May 2024

Mr C J Kay - appointed 22 March 2024

Mr D G Walker - appointed 22 March 2024 - resigned 20 February 2025

Mr M G Hepsworth - appointed 20 February 2025

Mrs C P Sweet - appointed 20 February 2025

Mr C Sowerby was appointed as a director after 30 June 2025 but prior to the date of this report.

Miss Y Duong ceased to be a director after 30 June 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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). 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Aloha Topco Limited (Registered number: 15585285)

Report of the Directors

for the Period 22 March 2024 to 30 June 2025

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 group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr C Sowerby - Director

20 March 2026

Report of the Independent Auditors to the Members of

Aloha Topco Limited

Opinion

We have audited the financial statements of Aloha Topco Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 30 June 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and 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 group's and of the parent company affairs as at 30 June 2025 and of the group's loss for the period 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 group 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 group's and the parent 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Aloha Topco Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company 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; or

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Aloha Topco Limited

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:

The engagement partners ensured that the engagement team collectively had the appropriate competence, capabilities and skill to identify or recognise non-compliance with applicable laws and regulations;

-we identified the laws and regulations applicable to the group through discussions with directors and other management, and from our commercial knowledge and experience of the sector;

-we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

-we assessed the extent of compliance with laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

-identified laws and regulations were communicated within the audit team regularly and the team remained alert to instance of non-compliance throughout the audit.

-We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

-making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

-considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

-understanding the design of the group's remuneration policies.

To address the risk of fraud through management bias and override of controls, we;

-performed analytical procedures to identify unusual or unexpected relationships;

-tested journal entries to identify unusual transactions;

-assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

-investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations; we designed procedures which included, but were not limited to;

-agreeing financial statement disclosures to underlying supporting documentation;

-enquiring of management as to actual and potential litigation and claims; and

-reviewing correspondence with HMRC, relevant regulators and group's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment of collusion

.

Report of the Independent Auditors to the Members of

Aloha Topco Limited

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)

for and on behalf of WP Audit Limited

Statutory Auditors

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

20 March 2026

Aloha Topco Limited (Registered number: 15585285)

Consolidated Income Statement

for the Period 22 March 2024 to 30 June 2025

| Notes | $ |

| TURNOVER | 10,952,684 |  |

| Cost of sales | (758,759 | ) |

| GROSS PROFIT | 10,193,925 |  |

| Administrative expenses | (14,818,772 | ) |

(4,624,847 | ) |

| Other operating income | 3,025 |  |

| OPERATING LOSS | 4 | (4,621,822 | ) |

| Interest receivable and similar income | 7,246 |  |

(4,614,576 | ) |

| Interest payable and similar expenses | (4,307,249 | ) |

| LOSS BEFORE TAXATION | (8,921,825 | ) |

| Tax on loss | (91,914 | ) |

| LOSS FOR THE FINANCIAL PERIOD | (9,013,739 | ) |

| Loss attributable to:

| Owners of the parent | (9,013,739 | ) |

Aloha Topco Limited (Registered number: 15585285)

Consolidated Other Comprehensive Income

for the Period 22 March 2024 to 30 June 2025

| Notes | $ |

| LOSS FOR THE PERIOD | (9,013,739 | ) |

| OTHER COMPREHENSIVE INCOME |

| Currency translation | 2,011,665 |  |

| Income tax relating to other comprehensive income | - |  |

| OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF INCOME TAX | 2,011,665 |  |

| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | (7,002,074 | ) |

| Total comprehensive income attributable to:

| Owners of the parent | (7,002,074 | ) |

Aloha Topco Limited (Registered number: 15585285)

Consolidated Balance Sheet

30 June 2025

| Notes | $ |

| FIXED ASSETS

| Intangible assets | 6 | 36,499,647 |  |

| Tangible assets | 7 | 35,562 |  |

| Investments | 8 | - |  |

36,535,209 |  |

| CURRENT ASSETS

| Debtors | 9 | 851,771 |  |

| Cash at bank | 1,833,423 |  |

2,685,194 |  |

| CREDITORS

| Amounts falling due within one year | 10 | (6,079,454 | ) |

| NET CURRENT LIABILITIES | (3,394,260 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 33,140,949 |  |

| CREDITORS

| Amounts falling due after more than one year | 11 | (33,949,113 | ) |

| PROVISIONS FOR LIABILITIES | (7,715 | ) |

| NET LIABILITIES | (815,879 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 87,397 |  |

| Share premium | 6,098,798 |  |

| Retained earnings | (7,002,074 | ) |

(815,879 | ) |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2026 and were signed on its behalf by:

Mr C Sowerby - Director

Aloha Topco Limited (Registered number: 15585285)

Company Balance Sheet

30 June 2025

| Notes | $ |

| FIXED ASSETS

| Intangible assets | 6 | - |  |

| Tangible assets | 7 | - |  |

| Investments | 8 | 2,579,341 |  |

2,579,341 |  |

| CURRENT ASSETS

| Debtors | 9 | 6,980,548 |  |

| CREDITORS

| Amounts falling due within one year | 10 | (7,676 | ) |

| NET CURRENT ASSETS | 6,972,872 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 9,552,213 |  |

| CAPITAL AND RESERVES

| Called up share capital | 87,397 |  |

| Share premium | 6,098,798 |  |

| Retained earnings | 3,366,018 |  |

9,552,213 |  |

| Company's profit for the financial year | 3,366,018 |  |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2026 and were signed on its behalf by:

Mr C Sowerby - Director

Aloha Topco Limited (Registered number: 15585285)

Consolidated Statement of Changes in Equity

for the Period 22 March 2024 to 30 June 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

$ | $ | $ | $ |

Changes in equity

Issue of share capital | 87,397 |  | - |  | 6,098,798 |  | 6,186,195 |  |

Total comprehensive income | - |  | (7,002,074 | ) | - |  | (7,002,074 | ) |

Balance at 30 June 2025 | 87,397 |  | (7,002,074 | ) | 6,098,798 |  | (815,879 | ) |

Aloha Topco Limited (Registered number: 15585285)

Company Statement of Changes in Equity

for the Period 22 March 2024 to 30 June 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

$ | $ | $ | $ |

Changes in equity

Issue of share capital | 87,397 |  | - |  | 6,098,798 |  | 6,186,195 |  |

Total comprehensive income | - |  | 3,366,018 |  | - |  | 3,366,018 |  |

Balance at 30 June 2025 | 87,397 |  | 3,366,018 |  | 6,098,798 |  | 9,552,213 |  |

Aloha Topco Limited (Registered number: 15585285)

Notes to the Consolidated Financial Statements

for the Period 22 March 2024 to 30 June 2025

1. | STATUTORY INFORMATION

| Aloha Topco Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

| The presentation currency of the financial statements is the US Dollar ($).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The Directors consider that the entity has sufficient income generating streams to provide the entity with sufficient revenue and liquid resources so that the entity can cover its costs and pay its liabilities for the next 12 months from the date of approval of these financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Significant judgements and estimates

| In the application of the group's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The key estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

| Useful economic life of goodwill

| Amortisation is provided on goodwill based on an estimate of the associated useful economic life. Management have considered the nature of the businesses acquired and the expected pattern of the future economic to be consumed in future periods in this determination. Goodwill is being amortised over a 10 year period. At the balance sheet date the carrying value of goodwill amounted to $36,356,918.

Aloha Topco Limited (Registered number: 15585285)

Notes to the Consolidated Financial Statements - continued

for the Period 22 March 2024 to 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

| 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.

| Development costs are being amortised evenly over their estimated useful life of five years.

| Tangible fixed assets

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

| Fixtures and fittings | - | 33% on cost

| Office equipment | - | 33% on cost

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Aloha Topco Limited (Registered number: 15585285)

Notes to the Consolidated Financial Statements - continued

for the Period 22 March 2024 to 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at he undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

| Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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.

Aloha Topco Limited (Registered number: 15585285)

Notes to the Consolidated Financial Statements - continued

for the Period 22 March 2024 to 30 June 2025

2. | ACCOUNTING POLICIES - continued

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

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Finance costs

| Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 23 .

4. | OPERATING LOSS

| The operating loss is stated after charging:

$ |

| Depreciation - owned assets | 18,745 |  |

| Goodwill amortisation | 4,157,292 |  |

| Auditors' remuneration | 22,450 |  |

Aloha Topco Limited (Registered number: 15585285)

Notes to the Consolidated Financial Statements - continued

for the Period 22 March 2024 to 30 June 2025

5. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6. | INTANGIBLE FIXED ASSETS

| Group

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

$ | $ | $ |

| COST

| Additions | 38,466,656 |  | 142,729 |  | 38,609,385 |  |

| Exchange differences | 2,211,174 |  | - |  | 2,211,174 |  |

| At 30 June 2025 | 40,677,830 |  | 142,729 |  | 40,820,559 |  |

| AMORTISATION

| Charge for period | 4,157,292 |  | - |  | 4,157,292 |  |

| Exchange differences | 163,620 |  | - |  | 163,620 |  |

| At 30 June 2025 | 4,320,912 |  | - |  | 4,320,912 |  |

| NET BOOK VALUE

| At 30 June 2025 | 36,356,918 |  | 142,729 |  | 36,499,647 |  |

| Reclassification/transfer of intangible fixed assets relate to assets acquired through acquisition.

Aloha Topco Limited (Registered number: 15585285)

Notes to the Consolidated Financial Statements - continued

for the Period 22 March 2024 to 30 June 2025

7. | TANGIBLE FIXED ASSETS

| Group

| Plant and

| machinery

| etc

$ |

| COST

| Additions | 25,536 |  |

| Disposals | (38,863 | ) |

| Reclassification/transfer | 86,489 |  |

| At 30 June 2025 | 73,162 |  |

| DEPRECIATION

| Charge for period | 18,745 |  |

| Eliminated on disposal | (38,863 | ) |

| Reclassification/transfer | 57,718 |  |

| At 30 June 2025 | 37,600 |  |

| NET BOOK VALUE

| At 30 June 2025 | 35,562 |  |

| Reclassification/transfer of tangible fixed assets relate to assets acquired through acquisition.

8. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertaking

$ |

| COST

| Additions | 2,579,341 |  |

| At 30 June 2025 | 2,579,341 |  |

| NET BOOK VALUE

| At 30 June 2025 | 2,579,341 |  |

Aloha Topco Limited (Registered number: 15585285)

Notes to the Consolidated Financial Statements - continued

for the Period 22 March 2024 to 30 June 2025

9. | DEBTORS

| Group |  | Company |

$ | $ |

| Amounts falling due within one year: |

| Trade debtors | 656,683 |  | - |  |

| Amounts owed by group undertakings | - |  | 609,378 |  |

| Other debtors | 195,088 |  | - |  |

851,771 |  | 609,378 |  |

| Amounts falling due after more than one | year: |

| Amounts owed by group undertakings | - |  | 6,371,170 |  |

| Aggregate amounts | 851,771 |  | 6,980,548 |  |

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

$ | $ |

| Trade creditors | 96,494 |  | - |  |

| Amounts owed to group undertakings | - |  | 3,921 |  |

| Taxation and social security | 169,077 |  | - |  |

| Other creditors | 5,813,883 |  | 3,755 |  |

6,079,454 |  | 7,676 |  |

| The group entered into loan note agreements on 17 May 2024 with funds managed by FPE III GP LLP. The total amount of $30,490,134 was issued in loan notes consisting of $25,490,134 unsecured A loan notes and $5,000,000 unsecured bridge loan notes. All loan notes are repayable in 2031, or earlier if a qualifying condition is satisfied. Interest on the loan notes accrue at a rate of 12% per annum and are rolled up annually on 31st December.

11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Group |

$ |

| Other creditors | 33,949,113 |  |

Aloha Topco Limited (Registered number: 15585285)

Notes to the Consolidated Financial Statements - continued

for the Period 22 March 2024 to 30 June 2025

11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

| Amounts falling due in more than five years:

| Group |

$ |

| Repayable otherwise than by instalments |

| Other loans more 5yrs non-inst | 33,949,113 |  |

12. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Non- |

| cancellable |

| operating |

| leases |

$ |

| Within one year | 148,719 |  |

13. | PENSION COMMITMENTS

| The group operates a defined contribution pension scheme. During the year, amounts charged to the profit and loss were $159,681. At 30 June 2025, amounts outstanding were $15,644.

14. | POST BALANCE SHEET EVENTS

| Subsequent to the year end the business entered into a lease agreement for a new office space. The minimum lease payment under this non-cancellable operating lease is $460,766.

| Following the year end the group has continued to expand via selective acquisitions funded through additional loans.

| In the period since the year end up to the date of approval of these accounts, the group invested in a business within the innovative data analytics and global macro strategy market to expand. This consisted of an investment totalling $17.6m.

| This acquisition was funded via an extension to existing debt facilities in place at the previous balance sheet date and funding from additional loan note agreements with funds managed by FPE III GP LLp.

15. | ULTIMATE CONTROLLING PARTY

| The ultimate parent undertaking is FPE III GP LLP, a limited liability partnership incorporated in the United Kingdom. The ultimate controlling party is FPE Capital LLP who is the manager of FPE III GP LLP.

| The smallest and largest group of undertakings, for which group accounts are prepared, which include the Company is that headed by FPE III GP LLP. The registered office address of FPE III GP LLP is 2nd Floor 7 Swallow Street, London, England, W1B 4DE.