31 March 2026

Catalyst Media Group Plc

("CMG", "Catalyst" or the "Company")

Interim Results for the Six Months Ended 31 December 2025

The Board of CMG (AIM: CMX) is pleased to announce the Company's unaudited interim results for the six months ended 31 December 2025.

CMG is a 20.54% shareholder in Sports Information Services (Holdings) Limited ("SIS") and the results include its share in the profits/(losses) of SIS as an equity accounted associate.

Financial Highlights:

·        CMG loss after taxation of £0.15 million (2024: loss of £0.41 million)

·        Loss per share of 0.73p (2024: loss per share of 1.94p)

·        Net asset value per share of 147.2p (2024: 147.3p) at the end of the reporting period

·        For the six months to 30 September 2025, SIS achieved

-    Revenues of £104.9 million (2024: £100.0 million)

-    Operating loss of £0. 6 million (2024: loss of £2.2 million)

-    Loss after tax on ordinary activities of £0.5 million (2024: loss of £1.8 million)

·        On 9 September 2025, the Company purchased 180,102 ordinary shares of 10p each in the capital of CMG via the market at a price of 50p per ordinary share for a total consideration of £90,051. Such buy-back shares are being held in treasury.

·        On 31 October 2025, the Company received its approximate £0.35 million share of a dividend paid by SIS.

SIS's Current Trading and Outlook

SIS's racing business, both for retail and online, has remained robust in the period although market conditions for racing remain challenging. SIS's non-racing business (eSports and Numbers) has seen significant growth in the period from both an increase in customers and in the volume of events, as well as revenue growth from existing customers.

Over the last year, the Numbers business launched two additional 49's Branded numbers draws for a customer and in January 2026 these two draws were combined into a full service for all customers in the UK and Africa. These new draws make up part of the four daily draws (Brunchtime, Lunchtime, Drivetime and Teatime). In February 2026, SIS Launched its third esports title (eAmerican Football) which is live with its top three esports customers and has started well although still early in its lifecycle.   

SIS has previously advised CMG that following the growth in its content creation business SIS would see growth in its overall like-for-like operating profit, before investment in new titles, in its financial year to 31 March 2026 however whilst performance in the first three quarters has been strong, the final Quarter has experienced headwinds on both margin and rights which is likely to impact the full year outturn.

 Enquiries:

Catalyst Media Group Plc

Michael Rosenberg, Non-executive Chairman      Mob:    07785 727 595

Melvin Lawson, Non-executive Director               Tel:       020 7734 8111

Strand Hanson Limited                                    Tel:       020 7409 3494

James Harris / Matthew Chandler

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

Chairman's Statement

For the six-month period ended 31 December 2025, the Company recorded a net loss after taxation of £0.15 million (2024: loss of £0.41 million).

Net assets as at 31 December 2025 were £30.7 million (30 June 2025: £31.0 million). Net cash as at 31 December 2025 was approximately £0.4 million (30 June 2025: £0.2 million).

CMG's main asset remains its 20.54% stake in SIS and, in October 2025, the Company received its approximate £0.35 million share of a dividend from SIS. The value of CMG's investment in SIS has reduced from approximately £30.7 million as at 30 June 2025 to approximately £30.2 million as at 31 December 2025, reflecting the impact of such dividend receipt and CMG's share of the losses recorded by SIS in the six months to 30 September 2025. As a result, CMG's net assets per share as at 31 December 2025 were 147.2p (2024: 147.3p). The carrying value of our investment in SIS will be reviewed again at our financial year end.

CMG equity accounts for its share in the loss of SIS which was £0.45 million after tax for its six-month period to 30 September 2025 (2024: loss of £1.8 million). SIS's revenues for such period were £104.9 million (2024: £100.0 million) which were derived from its business of providing integrated television and data services to Licensed Betting Offices in the UK, Ireland and overseas. SIS generated an operating loss for this period of £0.56 million, compared to an operating loss of £2.2 million in the comparable period for 2024.

On 9 September 2025, the Company purchased, in the market, 180,102 ordinary shares of 10p each in the capital of CMG at a price of 50p per ordinary share for a total consideration of £90,051, utilising, and within the set parameters of, the Company's pre-existing authority to make such market purchases as granted at the Company's annual general meeting held on 17 January 2025. The purchased shares are being held in treasury.

CMG currently has sufficient working capital for its current needs as the group's overheads are expected to continue at a consistently low level.

SIS provides essential 24/7 betting content and services to retail and online operations worldwide through two complementary divisions, Racing Content and Services and Content Creation, each playing an important role in its business model.

Set out below is an overview of the activities of SIS's key divisions for the period under review.

SIS Racing Content & Services

SIS is a leading distributor of live horse and greyhound racing content, providing pictures, commentary, data, and pricing to operators globally.

The SIS rights portfolio comprises more than 60,000 events from 15 countries, including the UK, Ireland and key international horseracing markets such as Australia, Europe and the Americas.

The strategic focus for this division is to grow racing rights through long-term agreements, expand its international reach, and enhance data, production and distribution capabilities to maintain SIS's position as a trusted source for racing content and associated services.

SIS supplies its retail services, production, distribution and content, to the major retail brands in the UK on recently renewed long term agreements and supplies an independent bookmaker service to smaller brands and individual bookmakers in the UK and Ireland. SIS also supplies the major UK online operators with horseracing and greyhound racing events and channels optimised for online viewing. The UK market for racing content remains a challenge with betting turnover on such content showing a continued year on year downward trend per the Gambling Commission Industry Statistics annual report which impacts SIS's revenues on content although production and distribution revenues are mainly unaffected.

SIS continues to expand its customer base geographically with over 150 live feeds to customers designed to maximise betting opportunities for international retail and online operators through multi-year agreements.

SIS Content Creation

The business has diversified in recent years from traditional racing products and services to investing in short-form, high-frequency betting content. This includes esports through SIS Competitive Gaming products, and live fixed-odds numbers draws such as 49's, Fast 15s and 39's, via SIS Numbers products. These products are produced by SIS in-house, with a strong focus on ensuring integrity and reliability. 

Competitive Gaming (under the H2H Esports brand) delivers 250,000 unique live events annually and carries ESIC Gold Standard accreditation. The focus to date has been on two sports; eBasketball and eSoccer, however in February 2026 the business launched a third esport; eAmerican Football.

The events are distributed in territories worldwide and its last year has seen significant expansion, particularly in North America with the number of licensed jurisdictions increasing to 19 with further applications in progress. SIS is seeing significant growth in revenues year on year and expects this to continue as additional customers and sports titles are launched under the H2H Esports Competitive Gaming brand.

The 49's branded numbers business has a range of products from its original draw (twice daily) to over 500,000 draws per annum from its stable of branded products, 49's, Fast 15's, 39's and the 49's virtual racing product plus a bespoke draw product, Lotto365, for bet365.

In total the two divisions, SIS Racing Content & Services and SIS Content Creation, deliver over 750,000 betting events annually to more than 400 operator clients in over 50 countries, supported by multi-channel distribution across retail, online, and mobile platforms.

SIS - India

An arbitration award was made in SIS Live's favour in July 2020 with the award paid into court. The award is now subject to appeals in the Delhi High Court by both parties: SIS continues to pursue claims disallowed by the arbitrators whilst the respondent attempts to nullify the award in its entirety. The overall outcome therefore remains uncertain.

The legal and associated costs relating to this claim are still impacting SIS's profits. 

SIS - Current Trading and Outlook

SIS's racing business, both for retail and online, has remained robust in the period although market conditions for racing continue to be challenging. SIS's non-racing business (eSports and Numbers) has seen significant growth in the period from both an increase in customers and in the volume of events, as well as revenue growth from existing customers.

Over the last year, the Numbers business launched two additional 49's Branded numbers draws for a customer and in January 2026 these two draws were combined into a full service for all customers in the UK and Africa. These new draws make up part of the four daily draws (Brunchtime, Lunchtime, Drivetime and Teatime). In February 2026, SIS Launched its third esports title (eAmerican Football) which is live with its top three esports customers and has started well although still early in its lifecycle.   

CMG's Outlook

The Board of CMG notes that SIS has previously advised that following the growth in its content creation business SIS would see growth in its overall like-for-like operating profit, before investment in new titles, in its financial year to 31 March 2026 however whilst performance in the first three quarters has been strong, the final Quarter has experienced headwinds on both margin and rights which is likely to impact the full year outturn. Meanwhile, overheads for the group continue to remain at a very low level as in previous years.

Michael Rosenberg OBE

Chairman

31 March 2026

Consolidated interim statement of comprehensive income

Consolidated interim statement of financial position

Consolidated interim cash flow statement