VVPR Schedule 13G/A: McCarthy Group Holds 10.7% Stake

Rhea-AI Filing Summary

VivoPower International PLC received a joint Amendment No. 1 to Schedule 13G filed by Kent C. McCarthy, KCM Capital, Inc. and AMC Fund, L.P. that discloses ownership of 1,085,000 ordinary shares, representing 10.7% of the class based on 10,112,212 shares outstanding as of May 1, 2025 per the company's Form F-1. The filing states all 1,085,000 shares are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which in turn is controlled by Kent C. McCarthy, and that the position is not held to change or influence control of the issuer. The parties executed a joint filing agreement and signed the amendment on September 24, 2025.

Positive

• Material stake disclosed: The filing transparently reports ownership of 1,085,000 shares (10.7%).
• Clear control chain: All shares are held by AMC Fund, L.P., controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy, and this relationship is explicitly stated.

Negative

• None.

Insights

Securities Analyst

TL;DR: A disclosed 10.7% stake by a related group is material but asserted as passive in this joint 13G amendment.

The filing reports a >5% holding by AMC Fund, L.P., KCM Capital, Inc., and Kent C. McCarthy totaling 1,085,000 ordinary shares, with shared voting and dispositive power but no sole power. The disclosure follows Rule 13d-1 procedures and references the issuer's Form F-1 share count. For investors and market participants, the key takeaways are the size of the stake, the control chain (AMC < KCM < McCarthy), and the certification that the position is not intended to effect control.

Corporate Governance Expert

TL;DR: The joint filing clarifies ownership and control relationships, meeting disclosure standards without asserting activist intent.

The amendment documents centralized disclosure: all shares are legally held by AMC Fund, L.P., with shared voting and dispositive authority reported. The signed certification affirms the shares were not acquired to change control, consistent with a passive investor profile under Schedule 13G. The filing also attaches a joint filing agreement, evidencing coordinated reporting among the related parties.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

VivoPower International PLC

(Name of Issuer)

Ordinary Shares, nominal value $0.012 per share

(Title of Class of Securities)

G9376R100

(CUSIP Number)

09/09/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G9376R100

1

Names of Reporting Persons

KCM Capital Inc

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MISSOURI

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,085,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,085,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,085,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.7 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: All 1,085,000 Ordinary Shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy. Percent of class is based on 10,112,212 Ordinary Shares outstanding as of May 1, 2025 as reported on the Form F-1 filed by the Issuer with the SEC on May 7, 2025.

SCHEDULE 13G

CUSIP No. G9376R100

1

Names of Reporting Persons

MCCARTHY KENT C

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,085,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,085,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,085,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.7 %

12

Type of Reporting Person (See Instructions)

IN, HC

Comment for Type of Reporting Person: All 1,085,000 Ordinary Shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy. Percent of class is based on 10,112,212 Ordinary Shares outstanding as of May 1, 2025 as reported on the Form F-1 filed by the Issuer with the SEC on May 7, 2025.

SCHEDULE 13G

CUSIP No. G9376R100

1

Names of Reporting Persons

AMC Fund, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,085,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,085,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,085,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.7 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: All 1,085,000 Ordinary Shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy. Percent of class is based on 10,112,212 Ordinary Shares outstanding as of May 1, 2025 as reported on the Form F-1 filed by the Issuer with the SEC on May 7, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: VivoPower International PLC
(b)	Address of issuer's principal executive offices: BLACKWELL HOUSE, GUILDHALL YARD, LONDON, UNITED KINGDOM, EC2V 5AE.
Item 2.
(a)	Name of person filing: This Amendment No. 1 to Schedule 13G is being jointly filed by Kent C. McCarthy ("Mr. McCarthy"), KCM Capital, Inc., a Missouri corporation ("KCM"), and AMC Fund, L.P. ("AMC"), a Delaware limited partnership. Mr. McCarthy, KCM, and AMC have entered into an Agreement Regarding Joint Filing of 13G (the "Agreement") pursuant to which Mr. McCarthy, KCM, and AMC have agreed to file this Amendment No. 1 to 13G jointly and in accordance with the provisions of Rule 13d-1(k)(1) of the Securities Exchange Act of 1934 as amended (the ?Act?). A copy of the Agreement is attached hereto as Exhibit 1.
(b)	Address or principal business office or, if none, residence: The address of each of Mr. McCarthy, KCM and AMC is 13021 W 74th St, Shawnee, KS 66216.
(c)	Citizenship: Mr. McCarthy is a citizen of the United States of America, KCM is a Missouri corporation and AMC is a Delaware limited partnership.
(d)	Title of class of securities: Ordinary Shares, nominal value $0.012 per share
(e)	CUSIP No.: G9376R100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1. 1,085,000 - KCM Capital, Inc.* 2. 1,085,000 - AMC Fund, L.P. 3. 1,085,000 - Kent C. McCarthy* * All 1,085,000 Ordinary shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy.
(b)	Percent of class: 1. 10.7% - KCM Capital, Inc. 2. 10.7% - AMC Fund, L.P. 3. 10.7% - Kent C. McCarthy Percent of class is based on 10,112,212 Ordinary Shares outstanding as of May 1, 2025 as reported on the Form F-1 filed by the Issuer with the SEC on May 7, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1. 0 - KCM Capital, Inc. 2. 0 - AMC Fund, L.P. 3. 0 - Kent C. McCarthy
	(ii) Shared power to vote or to direct the vote: 1. 1,085,000 - KCM Capital, Inc.* 2. 1,085,000 - AMC Fund, L.P. 3. 1,085,000 - Kent C. McCarthy* * All 1,085,000 Ordinary shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy.
	(iii) Sole power to dispose or to direct the disposition of: 1. 0 - KCM Capital, Inc. 2. 0 - AMC Fund, L.P. 3. 0 - Kent C. McCarthy
	(iv) Shared power to dispose or to direct the disposition of: 1. 1,085,000 - KCM Capital, Inc.* 2. 1,085,000 - AMC Fund, L.P. 3. 1,085,000 - Kent C. McCarthy* * All 1,085,000 Ordinary shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. This Amendment No. 1 to Schedule 13G is being jointly filed by Mr. McCarthy, KCM and AMC.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KCM Capital Inc

Signature:	Kent C. McCarthy
Name/Title:	President
Date:	09/24/2025

MCCARTHY KENT C

Signature:	Kent C. McCarthy
Name/Title:	Self
Date:	09/24/2025

AMC Fund, L.P.

Signature:	Kent C. McCarthy
Name/Title:	President of General Partner
Date:	09/24/2025

FAQ

How many VivoPower (VVPR) shares does the reporting group own?

The reporting persons jointly disclose ownership of 1,085,000 ordinary shares.

What percentage of VivoPower does the 1,085,000-share position represent?

The position represents 10.7% of the outstanding ordinary shares, based on 10,112,212 shares outstanding as of May 1, 2025.

Who are the filers named on the Schedule 13G/A for VVPR?

The amendment is jointly filed by Kent C. McCarthy, KCM Capital, Inc., and AMC Fund, L.P..

Does the filing state the shares were acquired to change control of VivoPower?

No; the filing includes a certification that the securities were not acquired and are not held to change or influence control of the issuer.

When was this Amendment No. 1 to Schedule 13G signed?

Signatures on the amendment are dated September 24, 2025.