Delay in publication of H1 2026 interim results
Summary by AI BETAClose X
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UNITED KINGDOM DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
22 September 2026
Supply@ME Capital plc
(the "Company", "Supply@ME" or "SYME" and, together with its subsidiaries, the "Group")
Delay in publication of the H1 2026 interim results, strategic and business update
SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, announces that (i) the unaudited interim results for the six months ended 30 June 2026 ("H1 2026") will not be finalised ahead of the 30 September 2026 deadline and (ii) the following strategic and business updates.
Delay in publication of the H1 2026 interim results
In accordance with the listing rules, the Company was required to publish its annual report and audited accounts for the year ended 31 December 2025 (the "2025 Annual Report") by 30 April 2026, and its unaudited interim H1 2026 results by 30 September 2026. As announced previously by the Company on 28 July 2026 it is continuing to work to finalise the execution of the various agreements set out in the Strategic update section below. Once these agreements have been fully executed, the Company aims, together with its auditors, Bright Grahame Murray, to complete the remaining audit procedures in respect of the financial statements for the year ended 31 December 2025 as quickly as possible and further updates will be provided with respect to this process in due course.
Shortly following the publication of the 2025 Annual Report, the Company intends to publish the unaudited interim H1 2026 results and will then make an application to the Financial Conduct Authority for the temporary suspension of the Company's shares from the Official List and from trading on the London Stock Exchange to be lifted.
Following the publication of the 2025 Annual Report, the Company also expects to announce the date on which it plans to hold its next Annual General Meeting.
Strategic update
On 28 July 2026 the Company issued an announcement that provided an update in relation to the proposed acquisitions from Société Financière Européenne SA ("SFE") including:
a) the inventory ownership business which comprises independent stock companies (together, the "Stock Companies"), together with the relevant contractual arrangements, intellectual property rights and operating infrastructure used by the Stock Companies in connection with the inventory ownership business (together, the "IOB");
b) an Italian regulated credit intermediation business (which operates under the supervision of the OAM (Organismo Agenti e Mediatori)); and
c) certain inventory monetisation funding know-how relating to relevant financing structures.
Alongside this, the 28 July 2026 announcement also outlined that negotiations have been taking place in respect of related corporate and transaction-level funding arrangements between the Company and SFE Equity Investments SARL ("SFE EI"), a securitisation entity fully controlled by SFE.
At the time of this announcement, the Company, SFE and SFE EI have agreed the final drafts of the definitive documentation relating to the proposed extension of the acquisition perimeter and the proposed corporate and transaction-level funding including a new convertible loan agreement whereby SFE EI has agreed to provide funding to the Company which will allow it to move forward and progress with the proposed strategic acquisitions.
To date these agreements have not been signed as the Board of Directors of the Company is awaiting confirmation from SFE EI as to the availability of the funds that it has committed to provide to the Company under the new proposed convertible loan note agreement. Once this confirmation has been received, this will allow the Company to execute the full suite of definitive documents referred to above, receive the committed funding amount from SFE EI, and together with Bright Grahame Murray complete the remaining audit procedures in respect of the financial statements for the year ended 31 December 2025 to allow the publication of the 2025 Annual Report followed by the unaudited interim H1 2026 results.
The Company will provide further details of each of these agreements following the execution of the definitive documentation by all parties.
Business update
As detailed in the announcement made by the Company on 28 July 2026, SYME is actively progressing its strategy which focuses on Italy as the Group's priority market particularly following the recent Italian Destocking Decree, including amendments to the Italian securitisation framework for inventory destocking, as the Board considers this to be a potential enabler for inventory monetisation at scale in the Italian market.
Additionally, in connection with the negotiations referred to in the strategic update section above, SYME is working with SFE EI and local transaction parties on a proposed asset-backed, revolving structure designed to finance inventory and future receivables. Under the current proposals, SFE EI and its local partners would provide the securitisation infrastructure and access to authorised Italian transaction parties, while SYME and its existing / proposed Italian subsidiaries, including the Italian regulated credit intermediation, would focus on origination, due diligence, inventory monitoring and specialist servicing.
The Board of Directors of the Company also confirms that the two opportunities outlined in the Business update section of the announcement dated 28 July 2026 are both progressing through the due diligence process, however there can be no certainty that either transaction will complete or, if completed, as to its final size or timing.
Related party and conflicts considerations
The Company continues to treat SFE and SFE EI as related parties for governance and regulatory assessment purposes because Alessandro Zamboni, SYME's Chief Executive Officer, is the sole director and ultimate beneficial owner of The AvantGarde Group S.p.A. ("TAG"), and TAG holds an indirect interest in SFE. In turn, SFE fully controls SFE EI. Mr Zamboni has declared his interests and has not or will not vote on relevant Board resolutions.
Further announcements
Further announcements will be made as appropriate, including in relation to the execution of definitive documentation in relation to any proposed acquisitions and any binding funding commitments, the publication of the 2025 Annual Report and Accounts, the publication of the unaudited interim H1 2026, the lifting of the suspension in trading, and any material progress in relation to the Italian business opportunities described above.
For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of SYME is Alessandro Zamboni, CEO.
Contact information
Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com
Notes:
SYME and its operating subsidiaries provide its Platform for use by manufacturing and trading companies to access inventory trade solutions enabling their businesses to generate cashflow, via a non-credit approach and without incurring debt. This is achieved by their existing eligible inventory being added to the Platform and then monetised via purchase by third party inventory funders. The inventory to be monetised can include warehouse goods waiting to be sold to end-customers or goods/commodities that are part of a typical import/export transaction.
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