Sundae Bar (AIM:SBAR), the enterprise platform operator and digital assets firm, reported on half-year with landmark business milestones, including first revenues.
The company, meanwhile, posted a loss before tax of £26.97m for the six months ended 31 March, driven principally by a £25.08m impairment of goodwill as the business moved from development to a live commercial platform.
It recognised its first revenues after launching a live marketplace and an Enterprise Offering, and, in terms of digital assets it generated 302,684 Alpha Tokens, from Subnet 121, between October 2025 and March 2026. It currently receives approximately 1,296 Alpha Tokens per day as subnet owner.
The average Alpha Token price during the interim period was £2.36 compared with an average of £1.43 since period end.
Sunday Bar disclosed around £0.3m of one-off digital asset partnership costs while forecasting a reduced operating cost base in the second half as revenue‑share obligations fall and automation lowers developer overhead.
Post-period financing included a placing of 16.67m shares at 6p in November 2025 raising £1m, 483,403 WRAP Retail Offer Shares raising £29,004 and the issue of 250,000 shares on warrant exercise in February 2026.
On 14 May, the company deployed seven autonomous AI agents internally to automate SN121 incentive mechanisms, an initiative the board says will cut manual workloads by over 80% and accelerate capability generation for the marketplace.
The board said its priorities for the remainder of the financial year are to scale the Enterprise Offering, expand the marketplace catalogue and developer participation on SN121, further automate benchmarking and prudently manage the company's sterling and digital asset treasury.
