The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Press Release

30 September 2025

Ashington Innovation plc

("Ashington" or "the Company")

Interim results

Ashington Innovation plc (LSE: ASHI; FSE: 6FW), a special purpose acquisition company ("SPAC"), announces its unaudited results for the six months ended 30 June 2025.

Interim Management Report:

During the period, the Board of Directors continued to assess potential acquisition targets across the financial technology ("fintech") and deep technology sectors, with the purpose of creating a combined business which will generate increased value for the Company's shareholders.

Ashington's opportunity for a value-generating acquisition remains strong. The global market for fintech is continuing to grow, with fintech revenues rising 21% year-on-year in 2024 (source: Boston Consulting Group, 2025), and the deep tech sector is expected to be valued at $714.6 billion by 2031 (source: IndustryARC, 2025).

The Company is in early stage discussions with a number of potential targets and will provide an update to the market if and when negotiations become suitably advanced.

No revenue was generated during the period and the Company incurred a loss before tax of £117,478, reflecting the ongoing operating costs of being a listed company. The Directors have a reasonable expectation that the Company has adequate resources or access to further capital to continue in operational existence for the foreseeable future and for this reason will continue to adopt the going concern basis.

The interim financial report is available for download from the Company's website (www.ashingtoninnovation.com).

For further information please contact:

About Ashington Innovation plc

Ashington Innovation plc is a special purpose acquisition company (SPAC), formed with the intention of acquiring businesses operating in the technology sector, in particular the financial services technology and deep technology sectors.

The Company believes that in the increasingly fast-changing global environment there will be an abundance of opportunities to acquire existing businesses in the technology sector, and in particular businesses that possess and utilise proprietary technologies and own applicable intellectual property.

The Company is not limited to any specific geographic region in identifying its target companies. www.ashingtoninnovation.com.

Forward-looking statements:

This announcement may contain "forward-looking" statements and information relating to the Company. These statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Interim Statement of Comprehensive Income

Interim Statement of Financial Position

Interim Statement of Changes in Equity

Interim Statement of Cash Flows