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.

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Chairman Statement

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 the period

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

Statement of Financial Position as at quarters ended 31 March 2025 and 31 December 2024 

Statement of Changes in Equity

For the quarters ended

31 March 2025

and 31 December 2024 

Statement of Cash Flows

For the quarters ended 31 March 2025

 and 31 December 2024

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.

5. Earnings per share