Technology

TOTAL PLAY ANNOUNCES 15% GROWTH IN EBITDA, TO Ps.18,361 MILLION IN 2023

Published

2 years ago

February 21, 2024

—11% increase in revenue and 9% growth in costs and expenses in 2023, boost EBITDA margin to 45%, highest annual level since the company issues public debt—

—Subscriber base growth moderation strategy and strict financial discipline significantly strengthen Total Play’s profitability, cash flow and liquidity—

—Firm increase in the company’s cash and restricted cash balance; it grows 48%, to Ps.5,754 million at the end of the year—

MEXICO CITY, Feb. 20, 2024 /PRNewswire/ — Total Play Telecomunicaciones, S.A.P.I. de C.V. (“Total Play”), a leading telecommunications company in Mexico that offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, today announced financial results for the fourth quarter 2023 and 2023.

“The strategy to moderate the growth of our subscriber base and initiatives that further drive operational efficiency, launched in 2023, together with the company’s strict financial discipline, notably strengthened the profitability and cash generation of Total Play during the year. Rigorous budget planning, process optimization and structures rationalization translated into lower annual growth in costs and expenses compared to revenue and in a firm 15% increase in EBITDA in 2023,” commented Eduardo Kuri, CEO of Total Play. “Capex figures, consistent with our solid strategy, allowed a significant positive balance of EBITDA less Capex – a fundamental indicator of cash flow generation – of Ps.2,735 million in 2023, notably higher than the negative figure of Ps.6,493 million a year ago.”

“Likewise, the company’s balance sheet was additionally strengthened, with a 48% growth in the cash and restricted cash balance, to Ps.5,754 million at the end of 2023, while the appropriate planning of the maturity profile allowed us to reduce debt with cost of short-term loans by 34%,” added Mr. Kuri. “Our firm strategy has translated into increasing financial strength this year and we are determined to further drive the liquidity and robustness of Total Play’s capital structure going forward.”

Fourth quarter results

Revenue for the quarter totaled Ps.10,674 million, 10% above Ps.9,736 million in the same period of the previous year. Total costs and expenses were Ps.5,938 million, compared to Ps.5,356 million the previous year.

As a result, Total Play’s EBITDA grew 8%, to Ps.4,736 million, from Ps.4,380 million a year ago; the EBITDA margin for the quarter was 44%. The company recorded operating income of Ps.605 million, compared to Ps.747 million a year ago.

Total Play reported a net loss of Ps.1,024 million, from a loss of Ps.438 million in the same quarter of 2022.

Q4 2022

Q4 2023

Change

Ps.

Revenue from services

$9,736

$10,674

$938

10 %

EBITDA

$4,380

$4,736

$356

8 %

Operating income

Net result

$747

$(438)

$605

$(1,024)

$(142)

$(586)

-19%

-134%

Amounts in millions of pesos.
EBITDA: Earnings before interest, depreciation, and amortization.

Service revenue

The company’s revenue grew 10%, as a result of a 7% increase in sales in the residential segment, and a 29% increase in revenue from the corporate business.

Totalplay Residencial’s revenue growth, to Ps.8,945 million, compared to Ps.8,398 million the previous year, is related to a 10% increase in the number of subscribers of the company’s services in the year, to reach 4,779,480 — a figure that includes 69,554 small and medium-sized businesses — at the end of 2023. Compared to the previous quarter, the number of net additions grew by 85,774 users, in line with Total Play’s subscriber base growth moderation strategy.

The quarter’s average revenue per subscriber (ARPU) was Ps.616, from Ps.617 a year ago.

As previously announced, in the first quarter of the year the company’s investment program in geographic expansion concluded, given that the territory in which its target market is located throughout the country was reached. According to this, the number of homes passed in Mexico at the end of this period was 17,556,755, a figure with minor variations during 2023. Compared to the same quarter of 2022 — in which the number of homes passed was 17,332,265 — the growth was 1%.

Penetration — proportion of homes passed by Total Play that have the company’s telecommunications services — was 27.2% at the end of the quarter, up from 25.2% a year ago.

Revenue from the business segment was Ps.1,729 million, from Ps.1,338 million the previous year, due to the implementation of various projects by business organizations this quarter.

Costs and expenses

Total costs and expenses grew 11%, as a result of a 19% increase in service costs and a 7% growth in general expenses.

The increase in expenses, to Ps.3,874 million, from Ps.3,627 million, reflects higher maintenance and fee expenses — in the context of growing operations in the company —partially offset by reduction in personnel and advertising expenses, derived from strategies that generate strong operational efficiencies.

The increase in costs, to Ps.2,064 million, from Ps.1,729 million the previous year results mainly from increased costs of content and business projects, partially offset by lower costs of licenses and interconnection links.

EBITDA and net result

Total Play’s EBITDA was Ps.4,736 million, 8% higher compared to Ps.4,380 million the previous year.

Relevant variations below EBITDA were the following:

Increase of Ps.498 million in depreciation and amortization, mainly as a result of subscriber acquisition costs — telecommunication equipment, labor and installation expenses.

Growth of Ps.172 million in interest expense, consistent with the increase in the balance of financial debt.

Decrease of Ps.636 million in foreign exchange gains, as a consequence of net liability monetary position in foreign currency, together with lower appreciation of the peso against the basket of currencies in which the company’s monetary liabilities are denominated this quarter, compared to the previous year.

Total Play reported a net loss of Ps.1,024 million, from a loss of Ps.438 million in the same period of 2022.

Balance sheet

As of December 31, 2023, the company’s debt with cost was Ps.52,199 million, compared to Ps.49,533 million the previous year. The growth of the debt balance is related to credits with financial institutions during the period.

Consistent with the strategy to expand the company’s maturity profile, the balance of debt with cost for short-term loans was reduced 34%, to Ps.4,573 million, from Ps.6,973 million a year ago.

The lease liability was Ps.5,665 million, 20% lower compared to Ps.7,073 million the previous year.

The balance of cash and cash equivalents, as well as restricted cash in trusts totaled Ps.5,754 million, 48% higher compared to Ps.3,878 million a year ago. As a result, the company’s net debt was Ps.52,110 million, 1% lower than Ps.52,728 million the previous year.

Total Play’s fixed assets — which include the accumulated investment in fiber optics, telecommunications equipment, and the cost of acquiring subscribers, among other assets — were Ps.61,946 million, 7% above Ps.58,165 million a year ago.

Twelve-month results

Revenue for 2023 was Ps.40,503 million, 11% above Ps.36,352 million from the previous year, within the framework of growth of 13% in residential income, to Ps.34,586 million, and 2% in business income, to Ps.5,917 million.

Total costs and expenses grew 9%, to Ps.22,142 million, from Ps.20,384 million, as a result of a 12% increase in general expenses and a 3% increase in service costs. Total costs and expenses grow at a lower rate than income as a result of strict compliance with budgets and strategies that generate operational efficiencies throughout the company.

Total Play reported EBITDA of Ps.18,361 million, 15% above the Ps.15,968 million of the previous year; The EBITDA margin was 45%, one percentage point above the previous year. Operating income was Ps.2,316 million, from a profit of Ps.3,097 million in 2022.

The company recorded a net loss of Ps.3,147 million, compared to a loss of Ps.2,251 million a year ago.

2022

2023

Change

Ps.

Revenue from services

$36,352

$40,503

$4,151

11 %

EBITDA

$15,968

$18,361

$2,393

15 %

Operating income

Net result

$3,097

$(2,251)

$2,316

$(3,147)

$(781)

$(896)

-25%

-40%

Amounts in millions of pesos.
EBITDA: Earnings before interest, depreciation, and amortization.

About Total Play

Total Play is a leading Triple Play provider in Mexico that, thanks to the widest direct-to-home fiber optic network in the country, offers entertainment and technologically advanced services with the highest quality and speed in the market. For the latest news and updates about Total Play, visit: www.totalplay.com.mx.

Total Play is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating economic value through market innovation and goods and services that improve standards of living; social value to improve community well-being; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. Each of the Grupo Salinas companies operates independently, with its own management, board of directors, and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values, and strategies for achieving rapid growth, superior results, and world-class performance.

Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Total Play and its subsidiaries are presented in documents sent to the securities authorities.

Investor Relations:

Bruno Rangel
+ 52 (55) 1720 9167
jrangelk@totalplay.com.mx

Rolando Villarreal
+ 52 (55) 1720 9167
rvillarreal@totalplay.com.mx

Press Relations:

Luciano Pascoe
Tel. +52 (55) 1720 1313 ext. 36553
lpascoe@gruposalinas.com.mx

TOTAL PLAY TELECOMUNICACIONES, S.A.P.I. DE C.V. AND SUBSIDIARIES

CONSOLIDATED QUARTERLY INCOME STATEMENTS

(Millions of Mexican pesos)

4Q22

4Q23

Change

Revenue from services

9,736

100 %

10,674

100 %

938

10 %

Cost of services

(1,729)

(18 %)

(2,064)

(19 %)

(335)

(19 %)

Gross profit

8,007

82 %

8,610

81 %

603

8 %

General expenses

(3,627)

(37 %)

(3,874)

(36 %)

(247)

(7 %)

EBITDA

4,380

45 %

4,736

44 %

356

8 %

Depreciation and amortization

(3,633)

(37 %)

(4,131)

(39 %)

(498)

(14 %)

Operating profit

747

8 %

605

6 %

(142)

(19 %)

Financial cost:

Interest revenue

0 %

39 %

Change in fair value of financial instruments

(216)

(2 %)

(113)

(1 %)

103

48 %

Accrued interest expense

(1,289)

(13 %)

(1,461)

(14 %)

(172)

(13 %)

Other financial expenses

(99)

(1 %)

(54)

(1 %)

45 %

Foreign exchange gain – Net

1,248

13 %

612

6 %

(636)

(51 %)

(318)

(3 %)

(963)

(9 %)

(645)

n.m.

Equity interest in net results of non-controlling entities

(1)

(0 %)

–

0 %

100 %

Profit (Loss) before income tax provisions

428

4 %

(358)

(3 %)

(786)

(184 %)

Income tax provision

(885)

(9 %)

(666)

(6 %)

219

25 %

Net loss before non-controlling interest

(457)

(5 %)

(1,024)

(10 %)

(567)

(124 %)

Non-controlling interest

0 %

–

0 %

(19)

(100 %)

Net Loss for the period

(438)

(4 %)

(1,024)

(10 %)

(586)

(134 %)

TOTAL PLAY TELECOMUNICACIONES, S.A.P.I. DE C.V. AND SUBSIDIARIES

CONSOLIDATED ACCUMULATED INCOME STATEMENTS

(Millions of Mexican pesos)

Accumulated

12M22

12M23

Change

Revenue from services

36,352

100 %

40,503

100 %

4,151

11 %

Cost of services

(7,588)

(21 %)

(7,801)

(19 %)

(213)

(3 %)

Gross profit

28,764

79 %

32,702

81 %

3,938

14 %

General expenses

(12,796)

(35 %)

(14,341)

(35 %)

(1,545)

(12 %)

EBITDA

15,968

44 %

18,361

45 %

2,393

15 %

Depreciation and amortization

(12,871)

(35 %)

(16,045)

(40 %)

(3,174)

(25 %)

Operating profit

3,097

9 %

2,316

6 %

(781)

(25 %)

Financial cost:

Interest revenue

0 %

191

0 %

95 %

Change in fair value of financial instruments

(358)

(1 %)

(576)

(1 %)

(218)

(61 %)

Accrued interest expense

(4,228)

(12 %)

(5,528)

(14 %)

(1,300)

(31 %)

Other financial expenses

(254)

(1 %)

(393)

(1 %)

(139)

(55 %)

Foreign exchange gain – Net

1,337

4 %

3,384

8 %

2,047

153 %

(3,405)

(9 %)

(2,922)

(7 %)

483

14 %

Equity interest in net results of non-controlling entities

(1)

(0 %)

(19)

(0 %)

n.m.

Profit (Loss) before income tax provisions

(309)

(1 %)

(625)

(2 %)

(316)

(102 %)

Income tax provision

(1,969)

(5 %)

(2,522)

(6 %)

553

28 %

Net loss before non-controlling interest

(2,278)

(6 %)

(3,147)

(8 %)

(869)

(38 %)

Non-controlling interest

0 %

–

0 %

100 %

Net Loss for the period

(2,251)

(6 %)

(3,147)

(8 %)

(896)

(40 %)

TOTAL PLAY TELECOMUNICACIONES, S.A.P.I. DE C.V. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Millions of Mexican pesos)

As of December 31,

2022

2023

Change

Assets

CURRENT ASSETS

Cash and cash equivalents

1,890

2 %

2,377

3 %

487

26 %

Restricted cash in trusts

1,988

2 %

3,377

4 %

1,389

70 %

Customers – net

5,506

7 %

4,426

5 %

(1,080)

(20 %)

Other accounts receivable

236

0 %

183

0 %

(53)

(22 %)

Recoverable taxes

3,810

5 %

4,141

5 %

331

9 %

Related parties

310

0 %

367

0 %

18 %

Inventories

2,342

3 %

2,926

3 %

584

25 %

Prepaid expenses

908

1 %

514

1 %

(394)

(43 %)

Total current assets

16,990

20 %

18,311

21 %

1,321

8 %

NON-CURRENT ASSETS

Related parties

154

0 %

237

0 %

54 %

Property, plant and equipmente – Net

58,165

70 %

61,946

71 %

3,781

7 %

Rights-of-use assets -Net

6,703

8 %

4,780

5 %

(1,923)

(29 %)

Trademarks and other assets

1,368

2 %

2,171

2 %

803

59 %

Total non-current assets

66,390

80 %

69,134

79 %

2,744

4 %

Total assets

83,380

100 %

87,445

100 %

4,065

5 %

Liabilities and Stockholders’ Equity

SHORT-TERM LIABILITIES

Financial debt

6,973

8 %

4,573

5 %

(2,400)

(34 %)

Lease liabilities

2,108

3 %

2,338

3 %

230

11 %

Trade payables

10,751

13 %

13,373

15 %

2,622

24 %

Reverse factoring

2,691

3 %

2,234

3 %

(457)

(17 %)

Other payables and payable taxes

2,446

3 %

1,473

2 %

(973)

(40 %)

Related parties

365

0 %

1,012

1 %

647

177 %

Liabilities from contracts with customers

986

1 %

994

1 %

Interest payable

385

0 %

316

0 %

(69)

(18 %)

Derivative financial instruments

126

0 %

175

0 %

39 %

Total short-term liabilities

26,831

32 %

26,488

30 %

(343)

(1 %)

LONG-TERM LIABILITIES

Financial debt

42,560

51 %

47,626

54 %

5,066

12 %

Lease liabilities

4,965

6 %

3,327

4 %

(1,638)

(33 %)

Derivative financial instruments

764

1 %

1,442

2 %

678

89 %

Employee benefits

0 %

51 %

Deferred income tax

2,355

3 %

5,253

6 %

2,898

123 %

Total long-term liabilities

50,693

61 %

57,722

66 %

7,029

14 %

Total liabilities

77,524

93 %

84,210

96 %

6,686

9 %

STOCKHOLDERS’ EQUITY

5,856

7 %

3,235

4 %

(2,621)

(45 %)

Total liabilities and stockholders’ equity

83,380

100 %

87,445

100 %

4,065

5 %

TOTAL PLAY TELECOMUNICACIONES, S.A.P.I. DE C.V. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Millions of Mexican pesos)

12th months period ended

December 31,

2022

2023

Operating activities:

Loss before income tax provision

(309)

(625)

Items not requiring the use of resources:

Depreciation and amortization

12,871

16,045

Employee benefits

Items related to investing or financing activities:

Accrued interest income

(98)

(191)

Accrued interest expense and other financial transactions

4,840

6,497

Unrealized foreign exchange gain

(1,299)

(3,420)

Derivative financial instruments valuation

–

Non-Controlling Participation

16,104

18,341

Resources (used in) generated by operating activities:

Customers and unearned revenue

(1,134)

1,087

Other receivables

(91)

Related parties, net

(91)

388

Taxes to be recovered

244

(330)

Inventories

(462)

(584)

Advance payments

(442)

394

Trade payables

3,253

2,401

Other payables

440

(952)

Cash flows generated by operating activities

17,821

20,798

Investing activities:

Acquisition of property, plant and equipment

(22,461)

(15,626)

Other assets

(53)

Collected interest

191

Cash flows (used in) investing activities

(22,281)

(15,488)

Financing activities:

Capital contributions

122

–

Loans received

8,726

6,034

Leasing cash flows

(3,075)

(2,650)

Restricted Cash in Trusts

(1,101)

(1,389)

Reverse factoring

1,422

(457)

Derivative financial instruments

–

(1,012)

Interest payment

(3,910)

(5,349)

Cahs flows generated by (used in) financing activities

2,184

(4,823)

Net (decrease) increase in cash and cash equivalents

(2,276)

487

Cash and cash equivalents at the beginning of the year

4,166

1,890

Cash and cash equivalents at the end of the year

1,890

2,377

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SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V.

Technology

ASUS Accelerates Enterprise AI at Scale with 6th-Gen AMD EPYC Server CPUs

Published

57 minutes ago

July 24, 2026

ASUS leverages 6th-gen AMD EPYC Server CPUs to deliver scalable, efficient compute for enterprise AI, cloud, virtualization and business-critical workloads

SAN FRANCISCO, July 24, 2026 /PRNewswire/ — ASUS today announced its groundbreaking new server lineup powered by the AMD EPYC™ 9006 processors, engineered to deliver unmatched performance for the most demanding intensive enterprise workloads. This advanced portfolio introduces two highly optimized series with efficiency-optimized AMD EPYC SP8 server CPU, the flagship dual-socket ASUS RS700A/720A for extreme compute density and the single-socket ASUS RS500A/520A for superior space efficiency and deployment flexibility.

Both series integrate full PCIe® 6.0, leading memory support, and high-density E3.S storage, all underpinned by proprietary ASUS innovations for superior thermal management and operational efficiency to meet and exceed the rigorous demands of enterprise AI, virtualization, storage and cloud environments.

“The new ASUS server series, powered by 6th-gen AMD EPYC server CPUs, is engineered to power every enterprise workload with flexible, scalable infrastructure,” Paul Ju, Senior Vice President of ASUS, commented, “This launch marks a significant milestone for ASUS and our clients. The new series empowers businesses with a resilient foundation to achieve unprecedented computing efficiency and accelerating AI innovation with inference.”

ASUS expands 6th-gen AMD EPYC server portfolio with dual optimized series

ASUS has introduced a new server lineup segmented into two distinct series, each precisely engineered to meet diverse enterprise demands.

The flagship RS700A/720A series (dual-socket) delivers extreme compute density, making it ideal for AI inferencing, and complex simulations. It offers exceptional bandwidth with PCIe 6.0, memory leadership via 32 DIMM slots supporting ultrafast MRDIMM, and high-density storage with up to 32 E3.S bays in a compact 2U form factor.

Complementing this is the RS500A/520A series (single-socket), a highly efficient and space-optimized solution with depth under 800mm, perfect for mainstream enterprise workloads and rack-constrained environments. Featuring full PCIe 6.0 capabilities, E3.S storage support, and modular scalability through shared components with the RS700A and RS720A series, it provides uncompromised performance in a streamlined, deployment-friendly design.

ASUS elevates the AMD EPYC platform with cutting-edge proprietary innovations

ASUS has significantly advanced the AMD EPYC 9006 platform with a series of proprietary engineering breakthroughs focused on superior reliability, thermal management, and operational efficiency.

The DC-MHS modular architecture features a zone-partitioned chassis that separates I/O, HPM, fan, and storage modules to accelerate development, reduce capital costs, and enable rapid serviceability. The patented ASUS DIMM.2 Innovation repositions M.2 storage to the cooler DIMM region, eliminating thermal throttling without extra heatsinks and unlocking greater scalability. Thermal Radar 3.0 with PID Control delivers precise real-time fan regulation via advanced algorithms, reducing energy use and maintaining peak performance under heavy enterprise-level workload.

Completing the suite is the optimized tool-less operational-velocity design, which boosts maintenance efficiency, maximizing uptime and lowering TCO and sustaining peak performance even under volatile, high-load AI/HPC workloads.

AVAILABILITY & PRICING

ASUS RS700A/720A series and RS500A/520A series servers will be available soon. Please contact your local ASUS representative for further information.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/asus-accelerates-enterprise-ai-at-scale-with-6th-gen-amd-epyc-server-cpus-302833931.html

Technology

Fractal posts 20% revenue growth and 92% net income growth in Q1 FY27

Published

57 minutes ago

July 24, 2026

Adjusted EBITDA Grows at 35% YoYGross Margin up 29 bps1 to 46%; Adjusted EBITDA Margin up 189 bps to 17%

NEW YORK, July 24, 2026 /PRNewswire/ — Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) announced its consolidated financial results for Q1 FY27, ending June 30, 2026.

In Q1 FY27, the Company reported consolidated operating revenue of INR 9,125 m, a growth of 20% year on year (YoY). Revenue growth was led by the company’s Healthcare and Life Sciences (HLS) industry, which clocked 69% growth YoY. Strong sustained growth in HLS over the last several quarters has resulted in it becoming the second largest industry in the portfolio. Banking, Financial Services and Insurance (BFSI) also performed very well, growing 36% YoY in Q1. Fractal’s largest industry, Consumer Packaged Goods and Retail (CPGR), continued to gather momentum, growing 19% YoY. On the other hand, TMT declined 22% YoY.

Fractal’s focus on deepening customer relationships continues to yield good outcomes. Its clients collectively increased their spending with the company, as reflected in the Net Revenue Retention2 of 117% in Q1. Further, its Net Promoter Score (NPS) during the period stood at 77.

The company reported improved profit margins at all levels. Gross Margin in Q1 was at 46%, while Adjusted EBITDA Margin expanded by 189 bps YoY to 17%. Net Income grew 92% YoY to INR 723 m.

Commenting on the performance, Srikanth Velamakanni, Group CEO and Executive Vice-Chairman, said:

“Enterprises are putting real transformation budgets behind AI now and we’re seeing it directly in the size of the deals coming to us. TMT was the drag on our headline growth this quarter. Excluding TMT, our business grew 35% year on year, which is a better read on the underlying demand we’re seeing.

As data sovereignty becomes a bigger priority for governments and enterprises, and as open-weight models keep improving, clients need a partner who can work across models and infrastructure. We have invested heavily in our people, our research, and our own intellectual property to be that partner.”

1 Basis points = 1/100th of 1%
2 Net Revenue Retention in our Fractal.ai segment measures how effectively we retain and expand revenue from our existing clients over a defined period and is calculated by comparing the current period’s revenue from the clients who existed at the start of the period, with their revenue in the previous period – including the effects of upsells, cross-sells and contractions

About Fractal

Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) is a globally recognized pure-play enterprise AI company trusted by Fortune 500®-sized enterprises to power decision-making through AI services, solutions, and products, anchored by Cogentiq, its flagship agentic AI platform. With over 6,000 professionals across North America, EMEA, and Asia-Pacific, Fractal partners with business leaders to drive competitive differentiation for their organizations by embedding AI into critical decisions across business functions and industry verticals.

Fractal invests more than 6% of its revenue in AI R&D, supporting foundational AI research, product development, and IP creation that address both immediate client needs and long-term technological advancement. Fractal’s track record includes developing proprietary models and products such as Cogentiq Health – Vaidya.ai and Cogentiq Data Science – PiEvolve, as well as incubating and spinning out Qure.ai, a global healthcare AI leader focused on the rapid identification and management of tuberculosis, lung cancer, and stroke (or critical health conditions). Fractal’s suite of businesses consists of Asper.ai (a Revenue Growth Management product for CPG companies) and Analytics Vidhya (an Ed-tech platform).

For more information, go to www.fractal.ai.

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SOURCE Fractal Analytics Limited

Technology

Xryma Plc : Pre-Listing Liquidity Facility and Price Discovery Process

Published

57 minutes ago

July 24, 2026

NICOSIA, Cyprus, July 24, 2026 /PRNewswire/ — Xryma Plc (“Xryma”) announces its intention to reapply within the next twelve months for admission to list on Euronext Paris (“Euronext”), with such admission being subject to Euronext’s approval. Before submitting its application, Xryma intends to launch a pre-listing liquidity facility and price discovery process, comprising a private placement to institutional and qualified investors alongside a secondary market offer to Xryma existing shareholders (“shareholders”) wishing to exit prior to listing.

The admission referred to above that is subject to the approval of Euronext may also be subject to approval by relevant regulatory authorities, and no assurance can be given that approval will be granted or as to the timing of any admission.

The pre-listing liquidity facility and price discovery process is designed to:

Enable shareholders seeking an exit to participate without the need to open an EU brokerage account,Provide a clear and orderly opportunity for existing shareholders to sell all or part of their holdings ahead of any potential admission to trading on Euronext Paris,Enable shareholders to sell all or part of their holdings at the same price at which qualified and institutional investors subscribe for shares in the Company,Establish, through a bookbuild with qualified and institutional investors, a market-validated referenced price for Xryma shares ahead of any potential admission on Euronext Paris (the “Primary Market Placement Price”),Support orderly trading upon potential admission.

Individual shareholder mailouts explaining the details of the pre-listing liquidity facility scheme with instructions and necessary documentation will be conducted during August 2026.

As the Primary Market Placement Price is to be determined by the subsequent bookbuild, shareholders will be given the opportunity to set a floor price which will result in the sale of their shares if the Primary Market Placement Price is higher. Shareholders will receive the Primary Market Placement Price minus applicable fees.

Shareholders and Investors may be scaled back to match corresponding demand from the other party, with partial fulfilment a possibility if the Company cannot match supply to demand.

Completion of the process is subject to achieving a level of institutional and qualified investor demand that the Board considers appropriate to support an orderly market should Xryma subsequently be admitted to trading on Euronext Paris.

Participation is entirely voluntary. Shareholders who do not wish to sell will simply retain their shares. Shareholders that do not intend to participate should continue to onboard with a Euronext participating broker, or a Euroclear ESES custodian, per previous communications.

The major shareholders, SCP Select All Enterprise (Monaco) and SCP Red 5 Solutions (Monaco) will not participate in the offer and will be subject to lock up arrangements.

Mr Nikogiannis (John) Karantzis, CEO of Xryma Plc comments: “Our shareholders have told us they would value a straightforward way to realise their holdings without the time and cost of opening an EU brokerage account. This process is our response to that feedback. We are structuring the placement to be large enough to establish a credible reference price whilst limiting dilution, with demand directed first towards meeting shareholder sell interest. We look forward to updating the market on the revised timetable in due course.”

Shareholders seeking a more detailed explanation of the pre-listing liquidity facility and price discovery process, should refer to the guide available at https://www.xryma.com/investors

Important Information & Disclaimers

This press release may contain inside information within the meaning of Article 7(1) of Regulation (EU) 596/2014 (Market Abuse Regulation).

This publication is not for publication or distribution or release, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Australia, South Africa, Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this publication may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No action has been taken that would permit an offering of the treasury shares or possession or distribution of this publication in any jurisdiction where action for that purpose is required.

This publication does not constitute or form part of an offer for sale or solicitation of an offer to purchase or subscribe for securities in the United States, Canada, Australia, South Africa, Japan or any other jurisdiction and the securities referred to herein have not been registered under the securities laws of any such jurisdiction. Any New Shares (if such are issued) will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any State or any other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of, the Securities Act and in compliance with all applicable securities laws of any State or any other jurisdiction of the United States. No public offering of securities is being made in the United States or in any other jurisdiction.

The information set forth herein must not be distributed in any jurisdiction where such distribution is unlawful, and any recipients are requested to inform themselves about and to observe such restrictions.

The Offering referred to herein by Xryma Plc will only be made in accordance with all applicable corporate and securities laws. Any shares referred to herein will exclusively be offered or sold in reliance on any applicable exemptions from prospectus or registration requirements in any jurisdiction. In member states of the European Economic Area, this publication is only addressed to and directed at persons who are ‘qualified investors’ within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended and including any relevant delegated regulations, the “Prospectus Regulation”) or in any other circumstances falling within exemptions available in the relevant member state under Article 1(4) and/or 1(5) of the Prospectus Regulation. In the United Kingdom, this publication is only addressed to and directed at qualified investors within the meaning of the Prospectus Regulation, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”), who are persons (i) who have professional experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) falling within article 49(2)(a) to (d) (high net worth companies, incorporated associations, etc.) of the Order, or (iii) to whom it may otherwise be lawfully communicated; any other persons in the United Kingdom should not take any action on the basis of this publication and should not act on or rely on it.

This publication does not constitute a recommendation concerning the prospective Offering. This announcement does not constitute an Offer or invitation to subscribe.

This announcement includes statements that are, or may be deemed to be, ‘forward looking statements’. These forward-looking statements can be identified by the use of forward looking terminology, including the terms ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘will’, or ‘should’ or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. By their nature, forward looking statements involve risk and uncertainty because they relate to future events and circumstances which may or may not occur. Many of these factors are beyond the control of the Company. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results and circumstances may vary materially from those described in this announcement as anticipated, believed, estimated or expected.

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