Trading Update

KRM22 PLC

29 July 2026

KRM22 plc

("KRM22", the "Group" or the "Company")

Half Year Trading Update

KRM22 plc (AIM: KRM), the technology and software investment company with a particular focus on risk management in capital markets, today issues the following trading update for the six months ended 30 June 2026 (the "Period").

The Company has continued to make good progress in the Period, increasing the value of its Annual Recurring Revenue ("ARR") from £7.6m at the end of FY 2025 to £7.9m at the end of the Period.

The Company expects to report results for the Period in September 2026, and these are estimated to be:

After adjusting for movements in USD:GBP FX rates, the net increase in new ARR in the Period of £0.3m includes the first sale of the Margin-as-a-Service API; an optional module to the Risk Manager application which enables firms to submit portfolios and receive accurate replication of exchange margin requirements, supporting pre-trade order checking, statement validation, what-if analysis, and integration with existing risk and trading workflows, generating ARR of £0.1m. 

The partnership with Trading Technologies International, Inc, ("TT") for the combined Surveillance application continued its momentum with £0.1m of new ARR generated in the Period for KRM22 whilst uplifts and extensions to existing contracts across all four of the Company's core applications accounted for the balance of new ARR.  This growth was partially offset by a customer churn of £0.1m, which was attributed to a single institutional customer cancelling their subscription to the Surveillance Manager application.

Whilst there have been delays in conversion of the sales pipeline, the explanation for this has been clear, with these delays having been driven by increased market volatility with extended vendor onboarding and internal governance processes.  The demand for the Company's applications remains strong, the quality of the sales pipeline opportunities continues to build and Board's goals are still very much on track.

Following the fundraise completed in November 2025, the Company has made good progress with the expansion of its applications to support multi-asset coverage.

In addition to the technological investment in the applications suite, key initiatives in the Period include raising the market profile of KRM22 and its applications through outbound marketing campaigns and increased sales and event attendance to help drive qualified lead generation and increased sales.  KRM22 has partnered with Sigma AI to integrate advanced news sentiment analytics into its risk management platform, representing the first phase of a broader initiative to deliver deeper portfolio intelligence and enhanced risk insights for clients. 

To underpin these initiatives and expand and support multi-asset coverage, KRM22 has invested in additional resource across all aspects of the business including eight new hires across the Revenue, Technology, Product and Client Services teams, with more new hires already committed in the second half of the year. 

The investments and initiatives being taken now, which the Company communicated as part of the fundraise completed in November 2025, are laying the foundations for accelerated growth in 2027 and beyond through the expansion of KRM22's applications to support multi-asset coverage, grow ARR and maintain high levels of service for existing and new clients.

Dan Carter, CEO of KRM22, commented: "With continued growth in ARR, both through direct sales and the partnership with Trading Technologies, a strong sales pipeline and investment across our people, applications and market presence, we look forward to the second half of the year with a clear focus and confidence on achieving market forecasts."

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

KRM22 plc                                                                                                                        InvestorRelations@krm22.com

Dan Carter, CEO

Kim Suter, CFO

Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker)                       +44 (0)20 7220 0500

Stephen Keys / Isaac Hooper (Corporate Finance)

Sunila de Silva (ECM)

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018.  The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management.  The Global Risk Platform provides applications to help address firms' trading and corporate risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at www.krm22.com

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