Hamilton Global Opportunities plc (Paris:ALHGO) provides 2022 half-year financial statements and operation report. The 2022 half-year financial report is available on the company’s website, in the Investor section (hamiltongo.eu).
2022 profit after tax of €1,550,218 compared to a loss of €284,023 for the financial year 2021. The profit was generated by an increase in foreign exchange revenues and the revaluation of assets after application of HGO’s valuation policy.
Net Assets stood at €14.56m (vs €8.86m as of 31 December 2021). The change in Net Assets during the first half resulted mainly from the capital increase carried out during the period for an amount of €4.5m. Hamilton’s net cash position as of 30 June 2022 was €3.4m.
On April 11, 2022 Hamilton Global Opportunities plc announced a USD $2m investment in Gauzy Ltd Gauzy is a true pioneer of nanotechnology for light and vision control, is the only material science company in the world developing, manufacturing, and marketing two of the three active smart glass technologies: SPD and Liquid Crystal, and advanced ADAS (advanced driver assistance systems) including CMS (camera monitoring systems) for long body on road vehicles. Gauzy has significant development potential given the numerous high value-added applications in everyday life for its diverse product range, such as the possibility of instantly modulating the transparency or translucency of glass used in windows across the automotive and architectural industries for shading, privacy, and thermal regulation, and making vehicle operation safer with blind spot reduction through its high performance ADAS products.
Gustavo Perrotta, Founder and Chief Executive Officer of Hamilton Global Opportunities plc declares: “We are very pleased with the 2022 half year results which, despite the extremely challenging market conditions, confirm the benefits of our focus on our investment principles after a foundation year in 2021 where we established the operational framework for HGO. We successfully completed a second capital raise in January and have completed two important investments in the first half of 2022 : a first investment in Gauzy Ltd and a follow on investment in Miami International Holdings which confirms our continued support for the management teams and strategies of the those businesses.”