The Smarter Web Company (LSE:SWC) has released audited results for the year ended 31 October 2025, highlighting £225.2 million in newly raised capital and a strategic shift marked by its move to the London Stock Exchange’s Main Market. The fundraising comprised £209.4 million in equity and £15.8 million through Bitcoin-backed convertible loan notes. The group reported profit before tax of £2.84 million, largely attributable to exceptional gains and fair value adjustments, while its core operations remained loss-making.
By year-end, the company held 2,660 Bitcoin and carried no fiat-denominated debt, positioning its balance sheet around what management describes as a substantial and distinctive Bitcoin treasury. The group views this digital asset reserve as a central pillar of its financial strategy.
Leadership reaffirmed a long-term, 10-year expansion plan focused on acquiring profitable, cash-generative businesses with recurring revenue streams. The objective is to rebuild sustainable earnings while steadily increasing Bitcoin per share. Management also pointed to the recent transition from the Aquis market to the Main Market of the London Stock Exchange as a significant milestone, expected to enhance trading liquidity and broaden institutional investor access. Ahead of its March AGM, the company has issued an updated annual report and investor presentation outlining its strategic direction and Bitcoin-centric balance sheet framework.
More about Smarter Web Company PLC
Smarter Web Company PLC is a UK-based digital services provider specialising in website design, development and online marketing solutions. Revenues are generated through upfront project fees, recurring annual hosting contracts and optional monthly marketing services. Since 2022, the company has integrated Bitcoin into its operations, accepting it as payment and implementing a formal Bitcoin Treasury Policy, making it one of the largest UK-listed public companies holding Bitcoin on its balance sheet.
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