Potentially AI plc
Tiger Alpha Plc (company no. 02882601; formerly Tiger Royalties and Investments Plc, renamed 5 September 2025) is an AIM-listed investment company that during FY2025 transitioned from a natural-resources-focused investment vehicle into a technology-focused incubator. It acquired Bixby Technology Inc in January 2025 and built exposure to the Bittensor/TAO decentralised AI network via subnet ownership and digital-asset staking/yield generation, alongside minority stakes in several listed and unlisted technology and digital-asset companies. The Group has no trading revenue; income derives from digital-asset yield and fair-value movements on its investment and digital-asset portfolio, with legacy natural-resource shareholdings retained under review for disposal.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 16 Jun 2026 · 52 pages · Companies House
Tiger Alpha Plc, renamed from Tiger Royalties and Investments Plc in September 2025, is an AIM-listed company that moved during the year from investing in natural resources to backing technology ventures, mainly linked to a decentralised AI network called Bittensor. It has no sales. Its loss for the year widened to £1.7m, from £391k the year before.
Income from lending out its digital tokens rose to £454,416, from £14,980, but running costs rose sharply as it paid consultants and advisers to build the new business. Write-downs deepened the loss: it wrote off the full £324,999 value of Bixby Technology, bought in January 2025, and its investments and tokens fell in value.
It raised £3.5m from shareholders and ended the year with £752k in cash, up from £23k, and no borrowings. No dividend was paid. The directors expect to keep going for at least 12 months, and the auditor gave a clean opinion. The report warns that digital assets are volatile and their rules uncertain. The company is in talks to buy Potentially Limited, an AI infrastructure group, in a deal that would replace most current management.
No revenue generated; Group income is 'Other income' from delegating digital assets to earn a yield
Other income £454,416 (2025) vs £14,980 (2024), relating to digital-asset yield income
page 35Administrative expenses increased to £971,583 (2024: £305,302), driven by consultancy fees (£202,804), corporate finance fees (£160,173) and marketing (£51,763) as the Group built out its technology-focused structure
Note 5 Administrative expenses breakdown
page 35FY2025 was pivotal, marking the Company's transition to Tiger Alpha Plc and a technology-focused incubator model while retaining selected natural-resource exposure; legacy natural resource holdings remain under review while capital is increasingly directed to scalable technology/blockchain opportunities
page 411 years on one page · FY2015–FY2025
| Line | FY2015locked | FY2016locked | FY2017locked | FY2018locked | FY2019locked | FY2020locked | FY2021locked | FY2022locked | FY202312/23 | FY202412/24 | FY202512/25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating profit | |||||||||||
| Profit for the year | |||||||||||
| Basic EPS | |||||||||||
| Dividend per share | |||||||||||
| Free cash flow | |||||||||||
| Net debt (negative = net cash) | |||||||||||
| Shares in issue | |||||||||||
| Return on capital employed | — |
GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
9 figures restated in a later report
Every figure is read again from the following year’s report: 156 confirmed, 19 differ, 9 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
9 more figures were restated in FY2015 to FY2022, which a free account opens.