Management accounts to 30 Jun 2026 and 31 Dec 2025

NYCE International PLC

09 September 2026

 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

NYCE International plc

("NYCE INTERNATIONAL ", "NYCE" or the "Company")

Management accounts for the six month period ended 30 June 2026 and 31 December 2025

Nyce International plc (AQUIS: NYCE) announces its unaudited management accounts reports for the six months ended 30 June 2026 and 31 December 2025.

For further information, please contact:

Nyce International plc

Farzad Peyman , CEO                                                  [e-mail]

Harmen Brenninkmeijer, Chairman

Oberon Capital

(AQSE Corporate Adviser)

Nick Lovering / Adam Pollock                                   [phone]

Chairman Statement

NYCE International Plc (the "Company" or "NYCE") is a publicly traded company on the Aquis Stock Exchange Growth Market, specialising in B2B gaming technology and services.

The first half of 2026 was a period of continued operational progress across the Group's divisions, alongside a more challenging funding environment for growth-stage businesses. While the group continued to expand its commercial activities and develop its product portfolio, the Board devoted significant attention to its working capital position and future funding requirements while maintaining financial discipline and evaluating strategic options available.

Activities during the period

During the period, the Company continued to develop its divisional structure, with each business unit contributing to commercial progress and platform development.

The Marketplace Division expanded its partner network during the period, supporting commercial activity, strategic relationships, venture development, and regional expansion. Through the Company's strategic partnership with Yogonet.com, over 80 partner articles were published across its International, LatAm and Brazil editions, generating approximately 428,000 content views between February and May 2026.

iNNOVASSION continued development of its technology portfolio, including its "Inavede" Player Account Management platform and "Obetify" Operator UX Builder. The division also assumed responsibility for Nirmata Play's technology partnership, supporting integration, platform development and game delivery initiatives across the wider ecosystem.

ClickSpin Media expanded its managed services offering, by delivering performance marketing and operational support to online gaming brands. During the period, the business launched its first European streamer campaigns and continued to expand player acquisition initiatives across multiple jurisdictions.

Nirmata Play continued the development of its aggregation platform, onboarding additional game providers bringing the current total games library to over 2,200 games.

Alongside these operational developments, the Board continued to address the group's funding requirements and broader corporate priorities by reducing costs, where possible and evaluating a number of funding options.

During the first six months of 2026, revenue increased by 227% year-on-year to £394K.

The Company raised £150K through a combination of debt and equity funding during the period. Despite this progress, the Board recognises that additional working capital would be required to support the continued development of the group's growth ambitions.

Corporate

In February, the Board received an unsolicited approach for the Group which, if successful, would have involved a share proposal from a larger listed company to issue equity consideration to shareholders of NYCE, at a level that implied a significant premium to the market capitalisation of NYCE.  These discussions were progressed but ultimately concluded without an agreement being reached.  Unfortunately, there was a cost associated with these discussions, and involved a distraction to management from the operating activities of the Company.

On cessation of discussions, the Board initiated a review of strategic and financing alternatives aimed at strengthening the Company's financial position and supporting its future development. As part of this process, shareholders approved a share capital reorganisation and related resolutions at the Company's Annual General Meeting held on August 6, 2026, providing the Company with greater flexibility in relation to future financing initiatives.  As disclosed on 28 July 2026, the Company will require additional working capital in the near term. Accordingly, the Board is reviewing a number of strategic and financing alternatives and remains focused on identifying a structure that provides the Company with sufficient working capital, supports the continued development of its operating businesses, and offers the best available outcome for all stakeholders.

There can be no certainty that any proposed transaction, fundraising or alternative strategic arrangement will be completed, or as to the terms of any such arrangement.

Outlook

The second half of 2026 will be an important period for the Company.

The Board's immediate focus is on securing the necessary resources required to support the continued development of the group's operating business while evaluating the strategic alternatives available to it.

Alongside this process, management remains focused on supporting existing partners, progressing commercial opportunities, and bringing the group's technology and service offerings to market.

The Company will continue to update shareholders as material developments occur.

Harmen Brenninkmeijer
Chairman

Consolidated Statement of Comprehensive Income for the six months ended 30 June 2026 and 31 December 2025
	30-Jun	31-Dec
	2026	2025
	£'000	£'000
Revenue	394	337
Cost of Sales	(69)	(229)
Administrative expenses	(633)	(601)
Operating loss	(307)	(493)
Loss before tax	(307)	(493)
Taxation	-	-
Loss for the period	(307)	(493)
Total comprehensive loss	(307)	(493)
(Loss) per share (pence) from continuing operations attributable to	(2.88586)	(4.76188)
owners of the Company - Basic and diluted earnings per share

Consolidated Statement of Financial Position as at six month period ended 30 June 2026 and 31 December 2025
	30-Jun	31-Dec
	2026	2025
	£'000	£'000
Non-current assets
Intangible assets - Goodwill	1,844	1,844
Intangible assets - Other	138	152
Total non-current assets	1,982	1,996
Current assets
Trade and other receivables	73	88
Cash and cash equivalents	62	190
Total current assets	135	278
Total assets	2,118	2,274
Current liabilities
Trade and other payables	390	288
Total current liabilities	390	288
Net assets	1,728	1,986
Capital and reserves
Share capital	1,596	1,554
Share premium	3,935	3,928
Retained earnings	(3,804)	(3,495)
Total equity	1,728	1,986

Consolidated Statement of Changes in Equity
For the six months ended
30 June 2026 and 31 December 2025
	Share capital	Share premium	Retained earnings
						Total
	£'000	£'000	£'000			£'000
As at 30 June 2025	1,450	3,830	(3,002)			2,278
Issue of share capital	104	98	-			202
Loss for the six months ended 31 December 2025	-	-	(493)			(493)
Total Comprehensive Income	-	-	(493)			(493)
As at 31 December 2025	1,554	3,928	(3,496)			1,986
Issue of share capital	43	7	-			50
Loss for the six months ended 30 June 2025	-	-	(307)			(307)
Total Comprehensive Income	-	-	(307)			(307)
As at 30 June 2026	1,596	3,935	(3,804)			1,729
Consolidated Statement of Cash Flows
For the six months ended
30 June 2026 and 31 December 2025
				30-Jun-26			31-Dec-25
				£'000			£'000
Cash from operating activities
Loss before tax				(307)			(493)
Adjustments for:
Amortisation of Software				14			6
(Increase)/decrease in trade and other receivables				15			22
Increase /(decrease) in trade and other payables				102			183
Net cash (used) in operating activities				(176)			(283)
Cash flows from investing activities
Acquisition of Software				-			-
Investment in Subsidiaries				-			-
Net cash from investing activities				-			-
Cash flows from financing activities
Issue of share capital				43			104
Adjustment to share premium				7			98
Net cash from financing activities				50			202
Net cash flow for the period				(126)			(81)
Cash and cash equivalents at beginning of period				190			271
Cash and cash equivalents at end of period				62			190
Net change in cash and cash equivalents				(127)			(81)
Cash and cash equivalents comprise:
Cash at bank and in hand				62			190
				62			190
			30-Jun-26		31-Dec-25
Earnings			£'000		£'000
Loss for the six-month period ended			(307)		(493)
Number of shares
Number of shares for the purposes of basic and diluted earnings per share			10,643,311		10,357,597
Earnings per share (pence)			(2.88586)		(4.76188)

Notes to the financial statements

1.  General information

Nyce International plc is a public limited company limited by shares and was incorporated in England and Wales on 7 June 2021 with company number 13440398. Its registered office is 167-169 Great Portland Street, 5th Floor, London, England, W1W 5PF

The Company's shares are currently trading on the Aquis Stock Exchange Growth Market under symbol NYCE

and ISIN number GB00BW9N7242 (pre-consolidation GB00BMD0WG01). The Company was first incorporated on 7 June 2021.

The information for periods ended 30 Jund 2026 and 31 December 2025 are unaudited.

2.  Basis of Preparation

The half-yearly management accounts of have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland" ("FRS 102") and the Companies Act 2006.

These management accounts are prepared on a going concern basis, under the historical cost convention and

are presented in £'000 unless otherwise stated.

The financial statements are presented in Pounds Sterling, which is the Company's presentation and functional

currency.

The preparation of the financial statements requires the use of certain critical accounting estimates. It also

requires management to exercise its judgment in the process of applying the Company's accounting policies.

3.  Going Concern and Working Capital Position

In making their assessment of going concern, the Directors have reviewed the Company's current working capital position and cash flow forecasts for the period of at least 12 months from the date these management accounts are authorised for issue.

As previously noted, the Company's current cash reserves are constrained. The Directors' forecasts indicate that near-term additional funding is required for the Company to meet its ongoing obligations and execute its operational strategy. The Directors are currently engaged in positive and constructive discussions with prospective funding partners to secure this necessary capital.

Because these funding agreements are not yet legally binding, this condition indicates the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.

However, based on the advanced and positive nature of these ongoing discussions, the Directors have a reasonable expectation that the required funding will be successfully secured. Accordingly, the Directors continue to adopt the going concern basis of accounting in preparing these financial statements, and the accounts do not include any adjustments that would result if the Company were unable to continue as a going concern.

4.  Post-Balance Sheet Events

Events After the Reporting Period 

On 6 August 2026, shareholders approved a Share Capital Reorganisation at the Company's Annual General Meeting, restructuring the share capital into 10,643,311 ordinary shares of 1 pence each in the capital of the Company; and 10,643,311 new deferred share of 14 pence each in the capital of the Company (a "Deferred Share"), each Deferred Share having the rights set out in the Company's articles of association as amended pursuant to Resolution 9.

At the same Annual General Meeting, the shareholders authorised an additional 42,573,200 shares available for allotment.

 

 

END