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. 29 April 2025 NYCE International plc ("NYCE INTERNATIONAL", "NYCE" or the "Company") Management accounts for the quarters ended 31 March 2025 and 31 December 2024 Nyce International plc (AQUIS: NYCE) announces its unaudited management accounts reports for the quarters ended 31 March 2025 and 31 December 2024. For further information, please contact: Nyce International Plc Farzad Peyman-Fard, CEO enquiries@nyceint.com Harmen Brenninkmeijer, Chairman First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser) Brian Stockbridge / Gabrielle Cordeiro +44 (0) 7858 888 007 ChairmanStatement Introduction Nyce International plc (the "Company" or "NYCE") is quoted on the Aquis Stock Exchange ("AQSE") Growth Market. The Company was incorporated on 7 June 2021 and its shares were admitted to trading on 23 December 2021. The Company recently changed its name to Nyce International Plc. The change of name was approved by Companies House on 3 April 2025. The Company's ticker symbol, under which its shares previously traded on the AQSE Growth Market namely, "CXS", has been changed to "NYCE". In addition, the Company's website address has changed to www.nyceint.com. Activities during theperiod The Company successfully completed the acquisition of Nyce International Limited for £1,600,000, Virya VC Limited ("Virya") for £280,000 and an instance of Reelsoft AB's remote gaming server software ("RGS") and Game Aggregation Platform for £160,000 (together "the Acquisitions", and the Company, Nyce International Limited and Virya together, the "Group"). Additionally, the Company completed a fundraising of £483,000 through the issue of 241,500,000 subscription shares ("Subscription Shares") at a price of £0.002 per share (the "Issue Price") and converted the £120,000 loan note (announced on 8 January 2025) into equity, by issuing 120,000,000 Ordinary Shares at £0.001 per share ("Loan Note Shares"). Revenue for the period reflects 26 days of trading for the acquired businesses of which only NYCE International was revenue generating in the period. In the period, £235k of expenses have been identified as non-recurring as they are attributable to the Company's relisting, the fundraising and the Acquisitions. Furthermore, the Company has settled outstanding debt by issuing 145,800,000 Ordinary Shares ("Settlement Shares") at £0.004 per share and £0.002 per share. Harmen Brenninkmeijer and Farzad Peyman-Fard joined the Board, respectively, as Executive Chairman and Chief Executive Officer. Outlook Following the relisting of the shares and the Acquisitions made on 6 March 2025, the near-term focus continues to be on the embedding of the new management team and implementation of synergies across the three acquisitions. Expenditures will be made on the development of the acquired RGS and Aggregation Platform with a view to onboarding betting operators from as early as calendar Q3 2025, that will lead to a new and separable B2B revenue stream for the Group. Game studio integrations into the Aggregation Platform have already commenced in April 2025. Furthermore, there will be a new website for the Company alongside introducing a highly experienced Advisory Committee from the betting and gaming industry that will be implemented during calendar Q3 2025. Harmen Brenninkmeijer Chairman Consolidated Statement of Comprehensive Income for the quarters ended 31 March 2025 and 31 December 2024 31-Mar 31-Dec 2025 2024 £'000 £'000 Revenue 15 - Cost of Sales -13 - Administrative -265 -121 expenses Operating loss -263 -121 Loss before tax -263 -121 - - Taxation Loss for the -263 -121 period Total -263 -121 comprehensive loss (Loss) per share -0.018 -0.028 (pence) from continuing operations attributable to owners of the Company - Basic and diluted earnings per share Statement of Financial Position as at quarters ended 31 March 2025 and 31 December 2024 31-Mar 31-Dec 2025 2024 £'000 £'000 Non-current assets Intangible assets - Goodwill 1,844 - Intangible assets - Other 160 - Total non-current assets 2,004 Current assets Trade and other receivables 38 16 Cash and cash equivalents 503 103 Total current assets 542 119 Total assets 2,546 119 Current liabilities Trade and other payables 102 473 Total current liabilities 102 473 Net assets 2,444 -354 Capital and reserves Share capital: - Issued 1,449 432 - Treasury 1 1 Total share capital 1,450 433 Share premium 3,830 1,786 Retained earnings -2,836 -2,573 Total equity 2,444 -354 Statement of Changes in Equity For the quarters ended 31 March 2025 and 31 December 2024 Share capital Share premium Retained earnings Total £'000 £'000 £'000 £'000 As at 30 433 1,786 -2,452 -233 September 2024 Issue of share - - - - capital Loss for the -121 -121 quarter - - ended 31 December 2024 Total -121 -121 Comprehensive - - Income As at 31 433 1,786 -2,573 -354 December 2024 Issue of 1,017 2,044 3,061 share - capital Loss for the -263 -263 quarter - - ended 31 March 2025 Total -263 -263 Comprehensive - - Income As at 31 1,450 3,830 -2,836 2,444 March 2025 Statement of Cash Flows For the quarters ended 31 March 2025 and 31 December 2024 31-Mar-25 31-Dec-24 £'000 £'000 Cash from operating activities Loss before tax -263 -121 Adjustments for: (Increase)/decrease in 14 -12 trade and other receivables Increase /(decrease) in -264 115 trade and other payables Net cash (used) in -512 -18 operating activities Cash flows from investing activities Acquisition of Software -160 - Net cash from investing -160 activities - Cash flows from financing activities Issue of share capital 897 - Adjustment to share 2,044 premium - Cash acquired upon 11 acquisition Loan received/ paid 120 - Net cash from financing 2,952 120 activities Net cash flow for the 2,280 102 period Cash and cash equivalents 103 1 at beginning of period Cash and cash equivalents 503 103 at end of period Net change in cash and 400 103 cash equivalents Cash and cash equivalents comprise: Cash at bank and in hand 503 103 503 103 Notes to the financial statements 1. General information Nyce International plc is a public limited company limited by shares and was incorporated in England on 7 June 2021 with company number 13440398. Its registered office is 16 Great Queen Street, London, WC2B 5DG. The Company's shares are currently trading on the Aquis Stock Exchange Growth Market under symbol NYCE and ISIN number GB00BMD0WG01. The information for periods ended 31 March 2025 and 31 December 2024 are unaudited. 2. Basis of Preparation The quarterly 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. 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. The financial statements have been prepared on the historical cost basis and are presented in £'000 unless otherwise stated. 3. Going Concern In making their assessment of going concern, the Directors, having made due and careful enquiry, are of the opinion that the Company will have access to adequate working capital to meet its obligations for the period of at least 12 months from the date of these management accounts. As at the date of this report, the Company had approximately £404k in cash at the bank. 4. Goodwill Goodwill has been calculated as gross consideration minus the net assets at acquisition. £'000 Consideration Paid 1,880 Net Assets @ Acquisition - 05/03/2025 36 Goodwill 1,844 5. Earnings per share 31-Mar-25 31-Dec-24 Earnings £'000 £'000 Loss for the quarters ended -263 -121 Number of shares Number of shares for the purposes of 1,449,880,556 432,580,556 basic and diluted earnings per share Earnings per share (pence) -0.018 -0.028 This information was brought to you by Cision http://news.cision.com https://news.cision.com/nyce-international-plc/r/management-accounts-for-the-quarters-ended-31-march-2025-and-31-december-2024,c4142607
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