Company: SLMT
Filing Date: 2025-04-30
Form Type: NT 20-F
Source: 0001213900-25-037760
Chunk: 2

Company: Brera Holdings PLC
Filing Date: 2025-04-30
Form: NT 20-F
Chunk 2
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 approximately €1.9 million, or 173%, from €1.1 million for the fiscal year ended December 31, 2023.
This anticipated change is primarily due to the Registrant experiencing a full year’s revenue for the year ended December 31, 2024
derived from the sports teams of its two major subsidiaries, Brera Strumica FC and UYBA Volley S.s.d.a.r.l., versus partial year’s
revenue from these subsidiaries in the year ended December 31, 2023.

The Registrant anticipates that the financial
statements to be included in the subject report will reflect general and administrative expenses of approximately €8.3 million for
the fiscal year ended December 31, 2024, an increase of approximately €1.9 million, or 30%, from €6.4 million for the fiscal
year ended December 31, 2023. This anticipated change is primarily due to the Registrant’s increase in revenue resulting from an
increase in business activity.

The Registrant anticipates that the financial
statements to be included in the subject report will reflect operating losses of approximately €5.5 million for the fiscal year ended
December 31, 2024, an increase of approximately €0.1 million, or 2%, from €5.4 million for the fiscal year ended December 31,
2023. This anticipated change is primarily due to the increase in revenues and general and administrative expenses described above.

The Registrant anticipates that the financial
statements to be included in the subject report will reflect a net loss of approximately €4.9 million for the fiscal year ended December
31, 2024, which is same as the net loss of€4.9 million for the fiscal year ended December 31, 2023.

Note Regarding Forward-Looking Statements

This Notification of Late Filing on Form 12b-25
contains certain “forward-looking statements.” All statements other than statements of historical facts are forward-looking
statements. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,”
“plan,” “estimate,” “expect,” “intend,” “may,” “predict,” “project,”
“will,” or “would” or the negative thereof or other variations thereof or comparable terminology. These forward-looking
statements are based on the Registrant’s current beliefs, assumptions and expectations regarding future events, which in turn are
based on information currently available to