IntelliAM AI Regulatory News (INT.PL)

25 September 2024

IntelliAM AI plc("IntelliAM" or the "Company")Audited results FY24

IntelliAM AI plc (AQSE: INT), the software company leveraging the power of AI and machine learning in the manufacturing industry announces its audited results for the year ended 31 March 2024 (FY24), which are set out below. The reporting period covers the period from incorporation on 10 July 2023 until 31st March 2024 and prior to its listing on the Aquis exchange on 3 July 2024 and its acquisition of 53 Degrees North Engineering Ltd (53DN) on 4 July 2024.

Future reporting periods will include the financial performance of 53DN. As per the admission document, dated 26 June 2024 a copy of which is available at https://intelliam.ai/reports-presentations/, the unaudited revenue of 53DN, which is now the Group's Consulting division, for the year to 31st March 24 was £2,776,253 and a post- tax profit of £649,317.

Since listing on the Aquis Exchange in July 2024 and raising gross proceeds of £5.1m, the Company is pleased to have reported ongoing momentum in both divisions, with the following highlights:

· DIF Lighthouse Funding Award of around £263,000 for a research project to be

completed in the Company's current financial year;

· A significant extension to an existing agreement with a global leader in beverage alcohol across more than 35 maltings sites in the UK worth a minimum of at least

£100,000 per annum over the next two years; and

· Contracts for 3 large Hovis sites for the Company's consultancy reliability services and project services for all Hovis manufacturing sites worth in excess of £100,000 over a 12-month period.

The Company intends to announce interim results for the 6 months to 30 September 2024 in mid-November.

Below is an excerpt of the accounts, the full report and accounts are available at the following link https://intelliam.ai/reports-presentations/

INTELLIAM AI PLC

(FORMERLY KNOWN AS INTELLIAM AI LIMITED) PROFIT AND LOSS ACCOUNT

FOR THE PERIOD ENDED 31 MARCH 2024

Period from 10 July

2023 to

31 March

2024

Notes £

Turnover 3 105,510

Administrative expenses (335,552)

Loss before taxation (230,042)

Tax on loss 6 31,580

Loss for the financial period (198,462)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

FOR THE PERIOD ENDED 31 MARCH 2024