4global Regulatory News (4GBL)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

21 December 2022

4GLOBAL PLC

("4GLOBAL", "Group" or the "Company")

Interim Results

4GLOBAL, a UK-based data, services and software company focused on major sporting events and the promotion and measurement of physical activity, is pleased to announce its unaudited interim results for the six-month period ended 30 September 2022.

The six months to 30 September 2022 have been a period of investment and growth through significant new business wins, laying the foundation for future international growth and strengthening the management team and PLC systems and processes.

As expected, Group revenue generation profile is significantly weighted to the second half of the year, as it has been in previous years. As we enter the final quarter of the financial year, management has confidence in meeting full year market expectations.

Financial highlights for the period

Post period financial highlights

Key new business wins and partnerships - year to date:

Operational highlights

Eloy Mazon, Chief Executive Officer of 4GLOBAL, commented:

"Recent trading has been strong which provides the management with confidence of achieving revenue and profit growth. This year the Group has put in place the key building blocks for accelerating growth within the business. It has a current booked revenue of £4.4m (£1.4m delivered in H1 and £3m to be delivered in H2) with some high margin contracts to be delivered in the second six months of the financial year. In addition, the Company is actively pursuing £30m of new opportunities some of which will fall into this financial year.

"Our multimillion-dollar client wins with MACE in the Middle East, Technogym, Al Jassra Group and key partnerships with leading sport/physical activity data partners such as Jonas, IHRSA and FICC in North America provide us with confidence and excitement about the continued international expansion of the 4GLOBAL business."

For further information contact

A copy of the interim accounts is available from the Company's website www.4global.com.

Company registration number: 13523846

CHIEF EXECUTIVE'S STATEMENT

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

The six months to 30 September 2022 was a period of investment for the Group as it delivered a 10% increase in revenue to £1.4m (30 September 2021: £1.3m) and it has accelerated its investment in products and platforms which is reflected in the Group's total contracted work to date of £8.9m - of which £4.4m (£1.4m in H1 plus £3m) will be delivered this financial year - together with a total opportunity pipeline of £30m.

The £3m of booked revenue, to be delivered in the second six months of the financial year, consists of high margin contracts which will have a significant impact on the EBITDA line. The Group has also won new multi-million pound multi-year agreements, which enhances visibility over future revenues.

As expected, Group revenue generation profile is weighted to the second half of the year as it has been in previous periods. The Group invested significantly in the first half of the financial year, in comparison to the six months ended 30 September 2021, prior to its listing, as it transitioned to being a public company whilst investing in business capabilities and key talent to support its international expansion.

This investment, which is showing a return in the order book, pipeline and international expansion, has meant the Group has produced an adjusted loss from operations of £0.8m (30 September 2021 profit: £0.2m1), which management anticipates recovering in the second half of the year.

1 The cost figure for 30 September 2021 is prior to the company being listed and therefore the cost base is significantly different.

Management remains focused on delivering the market expectations' growth for the full year through investment in the core foundations of the DataHub product, international expansion, and in upgrading business capabilities and key talent. Key progress milestones have been met in each area.

The Group is developing strategic partnerships which provide a cost-effective entrance into target markets for the full recurring data software and services model that the Company currently operates in the UK. In addition to this, the partnerships also provide a channel to clients as well as a vehicle to accelerate data acquisition and the growth of the core asset; the DataHub. At present, the Group is focus on three core markets: North America, Europe and the Middle East.

During the period, 4GLOBAL has accelerated its planned expansion into North America and laid the foundations through client and partner agreements to launch its products and services in the market in the first half of next year. The North American expansion is underpinned by three core partnerships:

Expansion in the European market continues to progress. The European DataHub was launched as part of the project with EuropeActive and it is already tracking over 3,500 facilities and 11 million individuals from 14 countries across the EU. This has allowed the Group to start marketing and selling its products in Europe at the same time that it continues to grow the DataHub and therefore its ability to service more clients, generate revenues and further strengthen its position in the market.

In the Middle East, the Group has developed key relationships with Al Jassra Group - an international conglomerate with revenues exceeding £1bn globally - and MACE Group - global infrastructure experts with revenues in excess of £400m. These partnerships have already generated contracts since 30 September 2022 in the region as well as they have generated potential multi-million pound opportunities active tendering opportunities for 4GLOBAL.

Since IPO in December 2021, the Group has strengthened the delivery and senior leadership teams, in particular hiring Kerstin Obenauer as Chief Customer Officer. Kerstin was previously UK country director at fitness technology supplier, eGYM, based in Munich, and has over 20 years' experience in the fitness sector.

Kerstin brings with her a wealth of experience and credibility as well as an extensive network in European market. She has led the implementation of a new CRM system and customer centric infrastructure yielding new business wins in the year to date with MACE in the Middle East, Qatar and Technogym totalling more than £5m.

During the six months ended 30 September 2022, the Group has invested in the development of existing product and new product lines to allow the Company to maximise in the short and medium terms on opportunities in markets in which it currently operates. Since the IPO the Group has increased its number of integrations from circa 50 to more than 75 allowing this way more data to flow into the DataHub and therefore increasing its value to our customers as well as allowing the Group to operate in new geographies.

The Group continually reviews its products and develop enhancements that increase its market and offering into target markets.

The Group has a robust balance sheet with cash and cash equivalents of £2.1m, £4.4m of contracted work for the current financial year and a strong sales pipeline for the current year of £7.3m (full pipeline value stands at £30m). Management has laid strong foundations to sustain fast growth of its business.

Board Change

After assisting the Group through its IPO, Roger Taylor decided to resign from the Board in October 2022. Roger brought insight and advice to the Board who would like to thank him for his contribution.

Outlook

Recent trading has been strong which provides the management with confidence of achieving revenue and profit growth. This year the Group has put in place the key building blocks for driving significant growth within the business. It has a current order book of £4.4m (£1.4m delivered in H1 and £3m to be delivered in H2) with some high margin contracts to be delivered in the second six months of the financial year. In addition, the Company is actively pursuing £30m of new opportunities some of which will fall into this financial year.

As a result, the Board is confident about the prospects of the Group and views the future with confidence.

Eloy Mazon

Chief Executive

20 December 2022

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

The notes form part of these Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2022

The notes form part of these Condensed Consolidated Financial Statements.

The Condensed Consolidated Financial Statements were approved and authorised for issue by the Board of Directors on 20 December 2022.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

The notes form part of these Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

The notes form part of these Condensed Consolidated Financial Statements.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

1. General Information

4Global plc is a public limited company incorporated in England and Wales and was admitted to trading on the AIM Market of the London Stock Exchange, under the ticker symbol 4GBL on 7 December 2021.

The Company was incorporated and registered in England and Wales on 22 July 2021 as a public company limited by shares, with the name 4Global plc and registered number 13523846.

On 11 November 2021 the Company allotted 21,938,300 ordinary shares, pursuant to a share sale and purchase agreement, to the shareholders of 4Global Consulting Limited and 4Global Consulting Limited became a wholly owned subsidiary undertaking of the Company.

This financial information issued by 4Global plc in compliance with its reporting obligations under the AIM Rules.

At 30 September 2022 the Company had issued share capital of 26,344,994 Ordinary Share of 1.0 pence.

The address of its registered office is Venture X, 5th Floor Building 7 Chiswick Park, 566 Chiswick High Road, Chiswick, London, United Kingdom, W4 5YG. and the registered company number is 13523846. The principal activity of the Company is the provision of advisory services in the sporting sector at a local, national and international level.

2. Significant accounting policies

2.1 Basis of preparation

The consolidated financial statements of 4Global PLC were prepared in accordance with International Financial Reporting Standards ("IFRS") as adopted by the United Kingdom, IFRIC interpretations and the Companies Act 2006 applicable to companies applying IFRS. The interim report has been prepared in accordance with International Accounting Standard (IAS) 34 (Interim Financial Reporting). The information in this report has been drawn up using, in all material respects, the same accounting methods as those utilised in the Group's annual report and accounts for the year ended 31 March 2022 The comparative information for the six months to 30 September 2021 is for 4 Global Consulting Limited and as presented in the Company's Admission Document in December 2021.

3. Revenue

4. Earnings per share

To prepare the company for its listing a 200:1 share split took place during the year 31 March 2022 which increased the number of shares in issue to 21,938,400 at the time of the share split. In December 2021 the Company listed on AIM and issued a further 4,406,594 ordinary shares.

As the Group has reported a loss diluted earnings per share are equal to basic earnings per share.

5. Share-based payments

The following table shows the movements in the share-based payment reserve during the period: