LifeStar Holding plc - Full-Year Results

On 27 April 2023, LifeStar Holding plc published its Annual Report and Financial Statements for the year ended 31 December 2022.

Performance Overview

LifeStar Health Limited recorded a profit before tax of €0.4 million (2021: €0.6 million) as revenues increased marginally to €1.83 million compared to €1.81 million in 2021.

GlobalCapital Financial Management Limited registered a profit before tax of €0.1 million (2021: loss of €0.2 million).

However, the financial performance of the Group was dented by the results of LifeStar Insurance plc. Overall, LifeStar Holding generated a pre-tax loss of €4.88 million (2021: pre-tax profit of €1.69 million). The net loss attributable to shareholders amounted to €3.13 million.

In terms of financial position, the total assets as at the end of 2022 amounted to €161 million whilst total liabilities amounted to €138.7 million. Meanwhile, shareholders’ funds contracted by almost 13% to €14.5 million, which translates to a net asset value per share of €0.602.