PR Newswire
LONDON, United Kingdom, July 22
22 July 2025
NYCE International plc
(“NYCE INTERNATIONAL”, “NYCE" or the "Company")
Management accounts for the quarters ended 30 June 2025 and 31 March 2025
Nyce International plc (AQUIS: NYCE) announces its unaudited management accounts reports for the quarters ended 30 June 2025 and 31 March 2025.
For further information, please contact:
| Nyce International Plc |
|
| Farzad Peyman-Fard, CEO Harmen Brenninkmeijer, Chairman
|
enquiries@nyceint.com |
| First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser) |
|
| 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 B2B gaming technology and services.
This period marked continued progress on NYCE’s strategic growth plan, with the launch of proprietary platform solutions and the onboarding of new regional partners. The introduction of NirmataPlay and ClickSpin Media 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 progressed towards publishing interim results for the six (6) months to 30 June 2025, enhancing group-wide reporting alignment. The Company’s next audited financial statements will cover a period of eighteen (18) months from July 1, 2024, to December 31, 2025.
The quarter saw meaningful developments across product, commercial, and corporate initiatives.
In May, NYCE launched NirmataPlay, a proprietary Remote Gaming Server (RGS) and aggregation platform that offers seamless integration of top tier content from global games providers and unique indie studios to casino operators. Following my last quarter end statement, Nirmata is going live in Q3 with a multi-country betting operator with eight (8) proven game studios that provide a total aggregated games library of over 1,500 games. This is a remarkable step forward in such a short space of time considering we acquired an instance of the platform and RGS IP upon our relisting four months ago, with no operational team, infrastructure, game content or brand.
During this period, NYCE has further invested into expanding the team, partner network, opened
new marketing channels and redeveloped the website to build the largest vetted global Product Marketplace for the betting and gaming industry.
Additionally, as announced in June, we consummated the deal with our partners forming the company NYCE Affiliates, which is marketed under the name ClickSpin, a digital marketing agency focused on bringing the casino and sportsbook brands together with affiliate companies. ClickSpin is already closing contracts and will be a support to our operator clients and potential leading players in this space.
These are what we call STV’s (Strategic Technical Ventures), strengthening NYCE’s growing ecosystem and position through forming and growing new businesses with the IP held by the Group.
NYCE will continue to seek to expand creating a strong venture-building platform focused on growth markets supporting scalable, technology-led strategies with partner expertise.
The Company aligned its financial year-end across group entities by changing its accounting reference date to 31 December.
During the period, Stelios Michaelides was appointed as Executive Director and Group CFO, while Stuart Adam stepped down following his contribution to the Group’s restructuring.
NYCE will continue its investment to be the largest Marketplace in the industry, whilst actively pursuing its STV strategy and advisory partnership expansion to drive market penetration and strengthen its product ecosystem. NirmataPlay and Clickspin are near term focuses that will create and diversify our Group revenues with new B2B revenue streams.
These initiatives are underpinned by a commitment to financial discipline and operational efficiency. I am confident in NYCE’s ability to deliver sustainable shareholder value through continued execution and technology-led growth.
Harmen Brenninkmeijer
Consolidated Statement of Comprehensive Income for the quarters ended 30 June 2025 and 31 M arch 2025
|
|
30-Jun 2025 £’000 |
31-Mar 2025 £’000 |
| Revenue |
104 |
15 |
| Cost of Sales |
(25) |
(13) |
| Administrative expenses |
(238) |
(265) |
| Operating loss |
(159) |
(263) |
| Loss before tax |
(159) |
(263) |
|
|
|
|
| Taxation |
- |
- |
| Loss for the period |
(159) |
(263) |
| Total comprehensive loss |
(159) |
(263) |
| (Loss) per share (pence) from continuing operations attributable to owners of the Company – Basic and diluted earnings per share |
(0) |
(0) |
Consolidated Statement of Financial Position as at quarters ended 30 June 2025 and 31 March 2025
|
|
30-Jun 2025
£’000 |
31-Mar 2025
£’000 |
| Non-current assets |
|
|
| Intangible assets - Goodwill |
1,844 |
1,844 |
| Intangible assets - Other |
160 |
160 |
| Total non-current assets |
2,004 |
2,004 |
| Current assets |
|
|
| Trade and other receivables |
63 |
38 |
| Cash and cash equivalents |
270 |
503 |
| Total current assets |
333 |
542 |
| Total assets |
2,337 |
2,546 |
| Current liabilities |
|
|
| Trade and other payables |
55 |
102 |
| Total current liabilities |
55 |
102 |
| Net assets |
2,282 |
2,444 |
| Capital and reserves |
|
|
| Share capital: - Issued |
1,449 |
1,449 |
| - Treasury |
1 |
1 |
| Total share capital |
1,450 |
1,450 |
| Share premium |
3,830 |
3,830 |
| Retained earnings |
(2,998) |
(2,836) |
| Total equity |
2,282 |
2,444 |
Consolidated Statement of Changes in Equity
For the quarters ended 30 June 25 and 31 March 2025
|
|
|
|
|
|
|
|
Share |
Share |
Retained |
|
|
|
£’000 |
£’000 |
£’000 |
£’000 |
| As at 31 December 2024 |
433 |
1,786 |
(2,573) |
(354) |
| Issue of share capital |
1,017 |
2,044 |
- |
- |
| Loss for the quarter ended 31 March 2025 |
- |
- |
(263) |
(263) |
| Total Comprehensive Income |
- |
- |
(263) |
(263) |
| As at 31 March 2025 |
1,450 |
3,830 |
(2,836) |
2,444 |
| Issue of share capital |
- |
- |
- |
- |
| Loss for the quarter ended 30 June 2025 |
- |
- |
(159) |
(159) |
| Total Comprehensive Income |
- |
- |
(159) |
(159) |
| As at 30 June 2025 |
1,450 |
3,830 |
(2,995) |
2,285 |
| |
|
|
| For the quarters ended 30 June 2025 |
||
| and 31 March 2025 |
30-Jun-25 |
31-Mar- 25 |
|
|
£’000 |
£’000 |
| Cash from operating activities |
|
|
| Loss before tax |
(159) |
(263) |
| Adjustments for: |
|
|
| (Increase)/decrease in trade and other receivables |
(26) |
(22) |
| Increase /(decrease) in trade and other payables |
(47) |
(371) |
| Net cash (used) in operating activities |
(232) |
(656) |
| Cash flows from investing activities |
|
|
| Acquisition of Software |
- |
(160) |
| Investment in Subsidiaries |
- |
(1,844) |
| Net cash from investing activities |
- |
(2,004) |
| Cash flows from financing activities |
|
|
| Issue of share capital |
- |
1,017 |
| Adjustment to share premium |
- |
2,044 |
| Net cash from financing activities |
- |
3,061 |
| Net cash flow for the period |
(232) |
400 |
| Cash and cash equivalents at beginning of period |
503 |
103 |
| Cash and cash equivalents at end of period |
270 |
503 |
| Net change in cash and cash equivalents |
(233) |
400 |
| Cash and cash equivalents comprise: |
|
|
| Cash at bank and in hand |
270 |
503 |
|
|
270 |
503 |
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 periods ended 30 June 2025 and 31 March 2025 are unaudited.
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.
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.
The Company has updated its company year end from 30 June to 31 December. The next available financial statements will cover the 18-month period of 01 July 2024 to 31 December 2025.
|
Earnings |
30-Jun-25 £’000 |
31-Mar- 25 £’000 |
| Loss for the quarters ended |
( 159) |
( 263) |
| Number of shares |
|
|
| Number of shares for the purposes of basic and diluted earnings per share |
1,449,880,556 |
1,449,880,556 |
| Earnings per share (pence) |
-0.01098 |
-0.01813 |
