Amicorp FS (UK) Plc

('AMIF' or the 'Company')

FY25 Trading Update

Amicorp FS (UK) Plc, the international specialist fund services group, is pleased to announce a pre-close trading update for the financial year ended 31 December 2025 ('FY25' or the 'year').

As part of the Group's overall strategy to scale efficiently across multiple jurisdictions, the Group is pleased to report that it was successful in its pursuit of a Category 4 Fund Administration License, which was granted by the Dubai Financial Services Authority ('DFSA') in the United Arab Emirates in October 2025.  As a result, the Group now holds licences in two major financial centres in the Middle East: Dubai and Astana in Kazakhstan. This positions the Group advantageously to capitalise on foreign investments, infrastructure opportunities, and capital flows in emerging markets.

In 2025, the Group continued to prioritise organic growth. The Group recorded 127 new fund sales during the year (vs 136 new sales in FY24²). The number of revenue-generating funds is now 279¹, compared to 250¹ in FY24. Furthermore, following the launch of AMI GO, the Group will focus on integrating AI solutions into its operational processes to further improve efficiency and profit margins.

During the first half of 2025, certain capital market transactions were transferred to AMIF by Amicorp Group. The associated revenue streams primarily consist of fees generated from the administration of debt and loan agreements, securitisation, and financial structuring activities. This development has contributed to the diversification of both the Group's revenue sources and client base and provides a platform for increased growth.

Commenting on the Trading Update, Kin Lai, CEO of AMIF, said: "In 2025, the Group experienced consistent growth driven by our global presence and expanded service capabilities.  Service offerings within the BPO unit were broadened to include securitisation, debt and loan administration, AMCs (Actively Managed Certificates) administration, and credit reporting services.  Revenue generated from these new services closely resembles that of our Fund Administration division, which remains stable and predictable, and is characterised by long-term contracts ranging between five and seven years. This diversified revenue base strengthens the Group's financial position amidst an unpredictable economic climate.

"We remain positive in the Group's outlook and look forward to providing a further update when we report our FY25 results to the market in April 2026."

¹ FY25: total of 331 funds of which 279 are active. FY24: total of 294 funds of which 250 are active. The total number of funds in FY25 and FY24 represents the adjusted position after removing funds from the reporting that never went live (the 'Clean-up') in H1-2025 and H2-2025. The Clean-up was part of a strategic housekeeping exercise to reduce resource consumption and compliance burden tied to inactive funds, improve transparency of reporting, and shift management's focus toward active and revenue-generating mandates.

² These comparatives are extracted from the Group's FY24 Annual Report after adjusting for 57 funds removed during the Clean-up in H1-2025.

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Notes to Editors

AMIF is an international specialist fund services group that works with a broad mix of clients including institutional investors, fund managers (private equity, venture capital and hedge funds) as well as family offices to provide a suite of specialist services across global markets. AMIF provides local and global expertise to over 464 funds.

AMIF provides a comprehensive and tailored range of services which are all underpinned by market-recognised technology solutions that support clients from a single point of contact.

These include:

·    Fund Administration and Investor Services: Fund accounting, fund administration, in-house NAV calculation, investor services including Register & Transfer Agency services, booking of subscriptions & redemptions, audit liaison/support, real time oversight over investment performance.

·    Governance and Compliance Services: FATCA and CRS reporting services, Fiduciary, Anti-Money Laundering (AML) officer services in compliance with international rules and regulations including administrative support to the Board and Committees of the Board.

·    BPO Services: Relieving clients of back-office burdens through automated accounting and administration, with regular management reporting on funds and SPVs.  Services also include corporate accounting, debt and loan administration, data sourcing, and CFO support.

For further information please visit www.amicorp-funds.com/chairmans-welcome/