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Disseminated via PRN on 1 October 2025
1 October 2025
NYCE International plc
(“NYCE INTERNATIONAL”, “NYCE" or the "Company")
Interim report for the 12-month period 1 July 2024 to 30 June 2025
Nyce International plc (AQUIS: NYCE) announces its unaudited financial results for the 12 months ended 30 June 2025. A copy of the Interim Results is also available on the Company's website at: www.nyceint.com
For further information, please contact:
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Nyce International Plc |
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Farzad Peyman-Fard, CEO Harmen Brenninkmeijer, Chairman
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First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser)
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Brian Stockbridge |
+44 (0) 7858 888 007 |
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
Such statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results expressed or implied in these forward-looking statements. Persons receiving and reading this announcement should not place undue reliance on forward-looking statements. Unless otherwise required by applicable law, regulation or accounting standard, the Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
Chairman Statement
Introduction
Nyce International Plc (the "Company" or "NYCE") is a publicly traded company on the Aquis Stock Exchange ("AQSE") Growth Market, specialising in being a B2B gaming product marketplace and game technology aggregation.
This period marked continued progress on NYCE’s strategic growth plan, with the launch of proprietary platform solutions and the onboarding of new B2B gaming solutions within the NYCE Marketplace. The introduction of Nirmata Play, ClickSpin Media and a Crypto Advisory service arm has laid the foundation for platform-driven revenue growth, backed by commercial agreements secured in key markets.
The Company also revised its accounting reference date and the Company’s next audited financial statements will cover a period of eighteen (18) months from July 1, 2024, to December 31, 2025.
The period saw significant developments across product, commercial, and corporate initiatives.
Relisting, Acquisitions and Fundraising
On 6 March 2025, the Company (formerly ChallengerX) was restored to trading and in doing so successfully completed the acquisitions of:
In connection with the acquisitions, the Company raised £483,000 through the issue of 241,500,000 subscription shares at £0.002 per share. The previously announced £120,000 loan note was converted into equity through the issue of 120,000,000 ordinary shares at £0.001 per share. The Company also settled certain outstanding debt obligations by issuing 145,800,000 ordinary shares at prices of £0.004 and £0.002 per share respectively.
Product and Operational Developments
In May 2025, the Group launched Nirmata Play, its proprietary RGS and Aggregation Platform, offering integration of leading global game providers and independent studios to casino operators. The platform will go live in October 2025 with a multi-country betting operator, supported by eight contracted studios and a library of over 1,500 games.
Integration of additional studios commenced in April 2025, with further investment made into team expansion, partner networks, marketing channels, and a full redevelopment of the Group’s website, positioning the business as a global product marketplace for the betting and gaming sector.
In June 2025, the Group completed the formation of NYCE Affiliates, marketed as ClickSpin, a digital marketing agency focused on connecting casino and sportsbook brands with affiliate companies. ClickSpin has already secured commercial contracts and will further support operator clients and enhance the Group’s product ecosystem.
Corporate Developments
Outlook
The Group’s near-term priorities remain focused on scaling operations and diversifying revenue streams across its core and emerging business lines. Key initiatives include:
In September 2025, the Group successfully raised £150,000 through the issue of 75,000,000 ordinary shares at £0.002 per share. The proceeds will be applied directly to accelerating expansion into the crypto casinos channel, funding NirmataPlay licensing, proprietary games development, ClickSpin Media scaling, and the growth of the Crypto Advisory services.
The Board remains committed to maintaining financial discipline and operational efficiency while pursuing its venture-building strategy. The progress achieved in the first half of 2025, combined with post-period initiatives and funding, provides a robust foundation for delivering sustainable growth and shareholder value.
Harmen Brenninkmeijer
Unaudited Statement of Comprehensive Income
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Unaudited 12 months ended 30 June 2025 |
Unaudited 6 months ended 31 December 2024 |
Audited year ended 30 June 2024 |
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£’000 |
£’000 |
£’000 |
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Revenue |
122 |
- |
- |
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Administrative expenses |
(715) |
(167) |
(778) |
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Operating loss |
(594) |
(167) |
(778) |
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Loss before tax |
(594) |
(167) |
(778) |
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Taxation |
- |
- |
- |
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Loss for the period |
(594) |
(167) |
(778) |
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Total comprehensive loss |
(594) |
(167) |
(778) |
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(Loss) per share (pence) from continuing operations attributable to owners of the Company – Basic & Diluted |
(0.0041) |
(0.039) |
(0.019) |
Statement of Financial Position
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Unaudited 12 months ended 30 June 2025 |
Unaudited 6 months ended 31 December 2024
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Audited year ended 30 June 2024
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£’000 |
£’000 |
£’000 |
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|
|
|
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Non current assets |
|
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Intangible assets - Goodwill |
1,844 |
- |
- |
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Intangible assets - Other |
160 |
- |
- |
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Total non-current assets |
2,004 |
- |
- |
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Current assets |
|
|
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Trade and other receivables |
53 |
16 |
8 |
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Cash and cash equivalents |
270 |
103 |
2 |
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Total current assets |
324 |
119 |
10 |
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Total assets |
2,328 |
119 |
10 |
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Current liabilities |
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Trade and other payables |
48 |
473 |
197 |
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Total current liabilities |
48 |
473 |
197 |
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Net assets/(liabilities) |
2,280 |
(354) |
(187) |
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Capital and reserves |
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Share capital: - Issued - Treasury |
1,449 1
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432 1 |
432 1 |
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Total share capital |
1,450 |
433 |
433 |
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Share premium |
3,830 |
1,786 |
1,786 |
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Retained earnings |
(3,000) |
(2,573) |
(2,406) |
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Total equity |
2,280 |
(354) |
(187) |
Statement of Changes in Equity
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Share capital |
Share premium |
Retained earnings |
Total |
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£’000 |
£’000 |
£’000 |
£’000 |
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Balance at 30 June 2024 |
433 |
1,786 |
(2,406) |
(187) |
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Loss for the period |
- |
- |
(167) |
(167) |
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Total comprehensive income |
- |
- |
(167) |
(167) |
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Issue of shares |
- |
- |
- |
- |
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Balance at 31 December 2024 |
433 |
1,786 |
(2,573) |
(354) |
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Loss for the period |
- |
- |
(427) |
(427) |
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Total comprehensive income |
- |
- |
(427) |
(427) |
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Issue of shares |
1,017 |
2,044 |
- |
3,061 |
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Balance at 30 June 2025 |
1,450 |
3,830 |
(3,000) |
2,280 |
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Statement of Cash Flows
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Unaudited 12 months ended 30 June 2025 |
Unaudited 6 months ended 31 December 2024 |
Audited year ended 30 June 2024 |
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£’000 |
£’000 |
£’000 |
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Cash from operating activities |
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Loss before tax |
(594) |
(167) |
(778) |
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Adjustments for: |
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(Increase) in trade and other receivables |
(56) |
(8) |
7 |
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(Decrease)/Increase in trade and other payables |
(139) |
(156) |
101 |
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Investment in Subsidiaries |
(160) |
- |
- |
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Software Asset |
(1,844) |
- |
- |
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Impairment of asssets |
- |
- |
440 |
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Net cash used in operating activities |
(2,793) |
(19) |
(230) |
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Cash flows from financing activities |
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Proceeds from issue of shares (net of issue costs) |
3,061 |
- |
74 |
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Adjustment to share issue cost |
- |
- |
- |
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Adjustment to share premium |
- |
- |
- |
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Loans received |
- |
120 |
110 |
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Net cash from financing activities |
3,061 |
120 |
184 |
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Net cash flow for the period |
269 |
101 |
(46) |
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Cash and cash equivalents at beginning of period |
2 |
2
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48 |
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Cash and cash equivalents at end of period |
270 |
103 |
2 |
Notes to the financial statements
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 1 Thorn Road, Blaydon-On-Tyne, England, NE21 5FE.
The Company’s shares are currently trading on the Aquis Stock Exchange Growth Market under symbol NYCE and ISIN number GB00BMD0WG01.
The Company was first incorporated on 7 June 2021.
The information for 12 month period ended 30 June 2025 and 6 month ended 31 December 2024 are unaudited.
The condensed interim financial statements of Nyce International plc 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.
The condensed interim financial statements contained in this document do not constitute statutory accounts. In the opinion of the directors, the condensed interim financial statements for this period fairly presents the financial position, result of operations and cash flows for this period. The Board of Directors approved this Interim Financial Report on 30 September 2025.
These interim financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the recognition of listed investments at fair value.
The financial statements are presented in Pounds Sterling, which is the Company’s presentation and functional
currency.
The financial statements have been prepared on the historical cost basis and are presented in £’000 unless
otherwise stated.
As at 30 June June 2025, the Company had cash of £270,490. The Company has limited operating cash flow and is dependent on the performance of its trading activities or raising further capital and its cash balances for its working capital requirements. As at the date of this report, the Company had £243,761 cash at bank.
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 these management accounts are authorized for issue.
4. Earnings per share
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Unaudited 12 months ended 30 June 2025 |
Unaudited 6 months ended 31 December 2024 |
Audited year ended 30 June 2024 |
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£’000 |
£’000 |
£’000 |
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Earnings |
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Loss for the period ended |
(594) |
(167) |
(778) |
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Number of shares
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Weighted average number of shares for the purposes of basic and diluted earnings per share |
1,449,880,556 |
432,580,556 |
412,994,364 |
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Earnings per share (pence) |
(0.0041) |
(0.039) |
(0.019) |
