11 August 2025

Kitwave Group plc

("Kitwave", the "Group" or the "Company")

Change of Accounting Reference Date

Kitwave Group plc (AIM: KITW), the delivered wholesale business, announces that further to the announcement on 1 July 2025, the Group intends to change its accounting reference date and financial year end from 31 October to 31 December, with immediate effect.

The Group's business activities and revenues are weighted toward the middle third of the calendar year and, having noted comments from shareholders, the Directors recognise that presenting financial statements that have a more balanced first half and second half weighting would be in the best interests of the Group.

As a result of this change in the accounting reference date, Kitwave's reporting timetable will be as follows:

·    Publication of unaudited / interim results for the 12-month period ending 31 October 2025, no later than 31 January 2026;

·    Publication of audited accounts for the 14-month period ending 31 December 2025, no later than 30 June 2026;

·    Publication of unaudited interim accounts for the 6-month period to 30 June 2026, no later than 30 September 2026; and

·    Publication of audited accounts for the 12-month period to 31 December 2026, no later than 30 June 2027, and subsequent 12-month periods thereafter to 31 December.

It is also the Board's intention to distribute a single dividend for the 8-month second half period to 31 December 2025, which, together with the interim dividend of 4.0 pence per share previously announced on 1 July 2025, will cover dividend distributions for the 14-month period to 31 December 2025.

- Ends-

For further information, please contact:

Company Overview

Founded in 1987, following the acquisition of a single-site confectionery wholesale business based in North Shields, United Kingdom, Kitwave is a delivered wholesale business, specialising in selling and delivering impulse products, frozen, chilled and fresh foods, alcohol, groceries and tobacco to approximately 46,000, mainly independent, customers.

With a network of 37 depots, Kitwave is able to support delivery throughout the UK to a diverse customer base, which includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers and other wholesalers, as well as leading national retailers.
 

The Group's growth to date has been achieved both organically and through a strategy of acquiring smaller, predominantly family-owned, complementary businesses in the fragmented UK grocery and foodservice wholesale market.

Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of the London Stock Exchange on 24 May 2021.

For further information, please visit: www.kitwave.co.uk.