SAAS H1 2026 11:00 UTC Financial Report

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22nd September 2026 Microlise Group plc("Microlise", "the Group" or "the Company") Interim Results for the Six Months to 30 June 2026Direct Customer ARR +12%, signiﬁcant Adjusted EBITDA margin recovery versus H2 2025 and a strengthened net cashposition; demonstrating continued strategic progress Microlise Group plc (AIM: SAAS), a leading provider of transport management software to ﬂeet operators, announces itsunaudited results for the six months ended 30 June 2026 ("H1 FY26"). Financial summary Results H1 2026H1 2025ChangeAnnual Recurring Revenue (ARR) (5) £60.8m£58.7m 4%Direct Customer ARR £47.1m£42.0m 12%Group Revenue £39.5m£44.1m(10%)Recurring Revenue £29.9m£29.5m 1%Recurring Revenue as % of Group Revenue 76% 67% 9 pptsOperating Proﬁt £1.4m £1.7m (19%)Adjusted EBITDA (1) £5.2m £6.2m (16%)Proﬁt before Tax £1.4m £1.9m (27%)Adjusted Proﬁt before Tax (2) £1.9m £3.6m (49%)Basic EPS (p) 0.87p 1.10p (21%)Adjusted EPS (p) (3) 1.20p 2.62p (54%)Adjusted Cash Flow Generated from Operations (4) £3.1m £4.0m (23%)Cash and cash equivalents £13.8m£11.2m 23% Notes to the ﬁnancial statements can be found within the CFO Statement. Financial Highlights Revenue of £39.5m (H1 FY25: £44.1m), reﬂecting lower OEM revenues and lower non-recurring hardwarerevenues and project timing, partly oﬀset by continued growth in Direct Customer recurring revenueRecurring revenue maintained at £29.9m (H1 FY25: £29.5m), increasing to 76% of Group revenue (H1 FY25:67%), supporting improved gross margins and driven by the 12.1% increase in Direct Customer ARR Adjusted EBITDA1 of £5.2m (H1 FY25: £6.2m), at a margin of 13.2% (H1 FY25: 14.1%), represents a signiﬁcantrecovery from the 5.2% margin delivered in H2 FY25 and a 148% sequential increase from H2 FY25 of £2.1m,reﬂecting the beneﬁts of the FY25 restructuring programme. Further eﬃciency initiatives targeted for H2 FY26,supporting the development of a leaner and more scalable operating model.The sequential recovery in EBITDA was achieved alongside continued investment in product, AI and go-to-market initiatives to support accelerated growth from FY27.Strong balance sheet provides optionality for organic and/or inorganic investment, with net cash of £13.8m (30June 2025: £11.2m), supported by a £30m undrawn debt facility. Customer Growth and ARR Expansion Direct Customer ARR up 12% to £47.1m (H1 FY25: £42.0m), underpinned by cross-selling and upselling withinthe existing customer base, alongside renewals and new customer winsDirect Customer Net Revenue Retention (NRR)6 remained healthy at 106% (H1 FY25: 114%), demonstratingcontinued expansion in the direct customer base despite previously ﬂagged managed churnOEM ARR reduced by 18.0% to £13.7m (H1 FY25: £16.7m), due mainly to lower renewalsSecured a signiﬁcant 10-year renewal and expansion contract with a long-standing customer, with TotalContract Value exceeding £20m and renewal expected to contribute revenue from the end of FY26, supportinggrowth into FY27 Outlook The recognition of non-recurring revenues for Direct Customers and OEM remains subject to timing risk largelydriven by continued supply chain challengesHowever, the Board is conﬁdent in delivering FY26 revenues broadly in line with current market expectations7 and adjusted EBITDA in line with current market expectations7, supported by a combination of good visibilityon recurring revenues, planned customer go-lives and a healthy pipeline, underpinned by margin stabilityThe Board is conﬁdent in the Group’s prospects for FY26 and beyond driven by the demand environment,beneﬁts from the investment and eﬃciency programmes and structural growth drivers Nadeem Raza, CEO, Microlise said: "Microlise has performed in line with management expectations in the ﬁrst half of2026 and has delivered against the priorities we set out at our full year results in May. We have continued to grow ourDirect Customer business, both through contract expansions with long-standing customers and securing new mandates,leading to double-digit Direct Customer ARR growth and an increased overall proportion of recurring revenue. "We have continued to invest strategically in the areas that will support Microlise’s long-term growth: Microlise One, ourAI and data capabilities and our go-to-market resources, while maintaining a strong balance sheet and beneﬁtting from

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the restructuring actions already taken. These investments are deepening customer relationships and broadening ourreach into new markets. "We are conﬁdent in the Group's ability to deliver FY26 revenues broadly in line with current market expectations7 andadjusted EBITDA in line with current market expectations7, underpinned by continued Direct Customer growth, a growing proportion of high-quality and predictable recurring revenue and improved margins. Looking further ahead, we believeour investment initiatives will deliver ARR growth and expand margins, positioning Microlise for continued progress inFY26 and beyond.” For further information, please contact: Microlise Group plc Nadeem Raza, CEONick Wightman, CFO C/O Alma StrategicCommunicationsCanaccord Genuity Limited (Nominated Adviser &Broker) Simon Bridges / Harry Gooden / Andrew Potts /Elizabeth Halley-Stott Tel: +44 (0) 20 7523 8000 Alma Strategic Communications Caroline Forde/ Joe Pederzolli/ Anna Sutton Tel: + 44 (0) 20 3405 0205microlise@almastrategic.com About Microlise Microlise Group Plc is a leading provider of transport and ﬂeet technology to transport and logistic operators helpingthem to improve eﬃciency, safety, and reduce emissions. These improvements are delivered through reduced fuel use,reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of anenhanced customer experience. Established in 1982, Microlise is an award-winning business with over 2,500 clients, and a global workforce of 730across the Group's headquarters in Nottingham in the UK, and oﬃces in France, Australia, and India. Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualiﬁes for the London StockExchange's Green Economy Mark. Chairman’s Statement I am pleased to report on a period of solid progress. Growth in our Direct Customer ARR of 12%, alongside a signiﬁcantrecovery in the Group’s adjusted EBITDA margin versus H2 FY25 and a strong net cash position of £13.8m at the Periodend, positions the Group well for a successful H2. While Group revenue decreased overall as anticipated, reﬂecting the reduction in OEM revenues, lower non-recurringhardware revenues and project timing, the increasing proportion of recurring revenue provides improved revenuepredictability and visibility for the business going forward. Strategic initiatives provide multiple avenues for proﬁtable growth With an extensive, blue-chip customer base, our Direct Customer proposition presents a signiﬁcant growth opportunity,in terms of cross and upsell opportunities, expansion into the mid-market and further penetration of new geographies.We have continued disciplined investment into our oﬀerings and go-to-market resources to leverage this opportunityand are conﬁdent these will support the Board’s conﬁdence in the Group’s prospects for FY26 and beyond. Focused on delivery Looking ahead to the second half of the year, Microlise is well positioned to return to growth, supported by continuedDirect Customer ARR growth, customer expansions, improved margins and a healthy new business pipeline. Within ourOEM business, where FY26 revenues are expected to be lower than FY25 predominantly due to lower renewals, thefocus for H2 remains on progressing planned customer deployments and new customer go-lives. The continued focus on Direct Customer initiatives, particularly our higher-margin, software-led products such as TMS,will oﬀset lower OEM revenues, strengthen revenue quality and support further margin progression. We recognise that conﬁdence is earned through consistency of delivery over time and we look forward to updatingshareholders on our progress at our full year results, where we remain conﬁdent in our ability to deliver revenuesbroadly in line with current market expectations7 and adjusted EBITDA in line with market expectations7. CEO Review HY26 Introduction Microlise has made solid progress in the ﬁrst half of 2026, performing in line with management expectations. The DirectCustomer business has continued to demonstrate its underlying strength, delivering ARR growth of 12% to £47.1m (H1FY25: £42.0m) reﬂecting strong demand and encouraging activity across customer renewals, expansion activity and newcustomer wins.

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As expected, Group revenue was lower year-on-year, driven by reduced OEM revenues following lower renewal activityand lower levels of non-recurring revenue, due to the completion of a major direct customer roll out in the prior period.The Group’s revenue mix now beneﬁts from a greater proportion of higher quality recurring revenue from DirectCustomers. Adjusted EBITDA margin recovered to 13.2% (H2 FY25: 5.2%), reﬂecting the beneﬁts of the restructuring actionsimplemented during FY25 resulting in a net headcount reduction of c.80 FTEs versus H1 FY25, together with increasedinvestment in our technology platform and go-to-market capabilities. This strategic investment is targeted at expandingour long-standing customer relationships, growing our international presence and developing new marketopportunities, and strengthening Microlise’s platform for scalable, sustainable growth. We closed the half with a strong balance sheet, with net cash of £13.8m at 30 June 2026 (30 June 2025: £11.2m),supported by healthy cash collection, alongside a £30m undrawn debt facility comprising a £10m committed revolvingcash ﬂow facility and a £20m accordion. This strong ﬁnancial footing provides the foundation for our ongoinginvestment programme and future growth ambitions. Customer Growth and ARR Expansion Conversion of new Direct Customers remains strong, having onboarded 218 new customers in the half (H1 FY25: 216).Direct ARR growth was principally driven by cross-selling and upselling within the existing customer base, particularlyacross ﬂeet-safety products and Transport Management Systems (“TMS”). This resulted in Direct Customer ARR growthto £47.1m, up 12% (H1 FY25: £42.0m) and healthy Direct NRR of 106% (H1 FY25: 114%). Customer retention remainedhigh, with churn reported at just 1.1% for the six-month period. During the half, Microlise secured new contracts with several prominent businesses, including Bretts Transport in the UKand Cal in France, while securing renewals from a number of long-standing customers including Samworth Brothers andBoughey Distribution. The Group has also seen encouraging momentum in TMS, securing four deals in the ﬁrst ﬁvemonths of the year. Of note was a substantial 10-year contract renewal and expansion with a long-standing customer, secured via acompetitive process. The expanded contract has a Total Contract Value of over £20m and is expected to commencerevenue contribution towards the end of the current year, providing a strong underpin to 2027. Strategic Initiatives As laid out at the FY25 results, this ﬁnancial year is an important investment year for Microlise as we seek to strengthenthe areas of the business which we believe represent long-term growth opportunities. We have taken a disciplinedapproach to investment and made solid progress across a number of areas as we work to capture the considerablegrowth opportunity presented by our Direct Customers, building on the Group’s market leading oﬀering and extensiveblue-chip customer base. 1. Technology and Product Investment Transitioning all Microlise oﬀerings to one platform and addressing the mid-market We have continued the development of Microlise One, which uniﬁes our product oﬀerings of ﬂeet operations, transportmanagement and telematics into one platform. By consolidating our oﬀerings and high-quality data across oneplatform, we can provide an increased range of value-added tools to our existing larger customers at a lowerdeployment cost, facilitating cross and upsell opportunities, while developing simpliﬁed oﬀerings appropriate for thesizeable mid-market. Our mid-market proposition is developing well, with launch anticipated in Q4 FY26. Enhancements to our TMS oﬀering to speed up implementation and shorten sales cycles We have continued to invest in our TMS proposition, through better integration tools and streamlined sales processes,which has enabled us to reduce the sales cycle in this software-only, high-margin solution in our product suite. Thisinvestment has delivered encouraging progress, with the number of TMS deals secured increasing year-on-year and thesales cycle reducing from around nine months to six months. Build on our data capabilities to power AI Our 2026 Transport and Logistics Industry Report highlights increasing conﬁdence in and adoption of emergingtechnologies and AI tools across the sector, and we have continued to develop the ways in which we utilise AI and dataacross the business. Our growing data capabilities have enabled us to provide customers with deeper insights into driverperformance, fuel eﬃciency and ﬂeet operations, whilst also powering our embedded AI capabilities. A key example ofthis is our AI-enabled analytics tools, which are now being released across all datasets and products and supportcustomers with projections and forecasting, as well as historical analysis and insights. The beneﬁts of these data and AI capabilities extend beyond our customer proposition. Internally, the use of AI acrossour engineering teams has made our processes more eﬃcient by reducing development and documentation time,enabling faster resolution of software issues and the ability to refocus our team on higher value workstreams. While weare still in the early stages of unlocking the extent of the opportunity presented by AI, we believe it will increasinglyenhance customer outcomes and the eﬃciency of our own operations. We believe the strengthened technology ecosystem we are building will support growth in FY27 and beyond as we worktowards becoming a more scalable, higher-quality and higher-margin business. 2. Go-to-Market Capabilities Our go-to-market investment is focused on generating more demand, improving execution and securing higher-qualityrecurring growth. We are already seeing the beneﬁts across a range of measures, including an 18% year-on-yearincrease in pipeline creation, greater sales capacity and stronger process and conversion discipline. Alongside year-on-year growth in Direct Customer order intake, the growth in Direct Customer pipeline supports our conﬁdence in ARRgrowth. We have recruited into our sales team, as well as the restructuring of our UK customer acquisition team. Recruitmentwill continue in H2, and this has included the appointment this month of a Regional Sales Director in France. 3. Margin Enhancement and Operational Gearing

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We continued to make progress on cost-eﬃciency actions in the ﬁrst half, supporting margin recovery and building onthe restructuring delivered during FY25. We continue to target further operational eﬃciencies during the second half ofthe year, principally through headcount and non-headcount cost savings. Together with our investment in technology and go-to-market capabilities, these actions are intended to create a leanerand more scalable operating model, supporting stronger operational gearing as the Group grows. People We were pleased to receive the King’s Award for Enterprise 2026 in recognition of our international growth, testamentto the expertise of our global workforce. We remain committed to building skilled local teams and oﬃces in our keymarkets to provide in-region support to our customers as we continue to execute our refreshed go-to-market strategy. A supportive market Demand from Direct Customers remains strong, underpinned by ﬂeet operators’ need for greater eﬃciency, proﬁtabilityand tighter control of operating costs. Operators across the transport and logistics sector are seeking better visibilityover ﬂeet performance and clearer identiﬁcation of savings opportunities. The market remains characterised by widespread use of legacy technology, with many ﬂeet managers relying onfragmented analogue and digital tools to manage critical workﬂows. This creates ineﬃciencies, data silos and limitedvisibility, while the increasing threat of cyber-attacks and the need to meet evolving safety and compliancerequirements are encouraging operators to modernise their technology infrastructure. Fuel costs provide a further driver of demand. Elevated and volatile prices continue to reinforce the importance ofeﬃciency and cost control for ﬂeet operators, while the transition to alternative fuel vehicles remains gradual due tocost and infrastructure constraints. As a result, many operators continue to run older and mixed ﬂeets, creating a needfor technology that can support both conventional and alternative fuel vehicles. Compliance and safety requirements are also increasing, supporting further demand for comprehensive ﬂeetmanagement solutions, irrespective of ﬂeet size. These requirements create opportunities to attract new customers intothe business and expand relationships over time through additional modules. Taken together, these drivers create a strong growth backdrop for Microlise. Our oﬀerings deliver a clear andmeasurable return on investment for customers, supporting lower operating costs, improved safety and greaterproductivity. This includes typical fuel savings of 4-6%, up to 75% better fuel eﬃciency, up to 70% fewer safety incidents,a 65% reduction in at-fault costs, 10% fewer goods returned and an 80% reduction in management time. This opportunity is strengthened by our Microlise One platform, which brings together all of our product oﬀerings intoone integrated, modern modular platform, supported by insights drawn from our comprehensive underlying data.Through a single sign-on experience and increased data connectivity across solutions, customers can more easily accessinsights from across the Microlise ecosystem, enhancing their return on investment from our products and supportingthe adoption of additional modules over time. This deeper integration is expected to increase the stickiness of ourproduct oﬀerings, creating greater cross-sell opportunities and reducing the cost of deployment and delivery. Current Trading and Outlook While ongoing supply chain challenges mean the recognition of non-recurring revenues for Direct Customers and OEMremains subject to timing risk, the Board is conﬁdent in delivering FY26 revenues broadly in line with current marketexpectations7 and adjusted EBITDA in line with market expectations7. This conﬁdence is supported by a combination ofgood visibility on recurring revenues, planned customer go-lives and a healthy pipeline, underpinned by margin stability.Cost increases due to component availability are being oﬀset by eﬃciency initiatives, and we do not anticipate anymaterial availability issues to DRAM supply through to the end of FY26. Based on our pipeline, we continue to believethat we should see the reduction in OEM revenues plateauing in late FY27. The Board is conﬁdent in the Group’s prospects for FY26 and beyond, driven by the demand environment, beneﬁts fromthe investment and eﬃciency programmes, and structural growth drivers. CFO Statement The ﬁnancial results for the six-month period to 30 June 2026 reﬂect continued growth in higher-quality DirectCustomer recurring revenue and a signiﬁcant recovery in proﬁtability following the FY25 restructuring programme,partially oﬀset by lower OEM and non-recurring hardware revenues, as anticipated. To provide a clearer view of underlying business performance, the Group has detailed the below AlternativePerformance Measures (APMs) and Statutory Measures for the six-month period to 30 June 2026: H12026 H12025 Change APMs(12) Annual Recurring Revenue (ARR) (5) £60.8m£58.7m4%Adjusted EBITDA (1) £5.2m£6.2m(16%)Adjusted Proﬁt before Tax (2) £1.9m£3.6m(49%)Adjusted EPS (p) (3) 1.20p 2.62p (54%)Adjusted Cash Flow Generated from Operations (4) £3.1m£4.0m(23%) StatutoryMeasures Revenue £39.5m£44.1m(10%)Recurring Revenue £29.9m£29.5m1%Operating Proﬁt £1.4m£1.7m(19%)Proﬁt before Tax £1.4m£1.9m(27%)Basic EPS (p) 0.87p 1.10p (21%)Cash and cash equivalents £13.8m£11.2m23% Exceptional costs

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Following the cyber security incident disclosed in FY24, the Group recognised a net exceptional credit of £0.7m in theperiod (H1 FY25: £0.1m credit), comprising £0.5m of insurance proceeds recognised as exceptional other income (H1FY25: £0.4m) and a £0.2m release of the provision held in respect of cyber incident professional fees (H1 FY25: £0.3m ofadditional costs). No exceptional restructuring costs were incurred in the period, following completion of therestructuring programme in FY25. The Board remains conﬁdent that the impact of the cyber incident will be fullycovered by its cyber insurance. To assist users of the ﬁnancial statements with understanding underlying business trading, the Group presents KPIsexcluding exceptional items, including exceptional cyber cost revenue reversals, cyber incident insurance proceeds. Allexceptional costs are disclosed separately in note 2 of the ﬁnancial statements. Notes 1. Adjusted EBITDA excludes exceptional income and costs in relation to acquisitions, restructuring and the cyber incident, depreciation, amortisation, share of loss ofassociate, loss on disposal of interest in associate, interest, tax and share based payments. 2. Adjusted Proﬁt before Tax excludes amortisation on business combinations, share based payments, share of loss of associate, loss on disposal of interest in associate andexceptional income and costs in relation to the cyber incident, acquisitions, and restructuring costs. 3. Adjusted EPS and Adjusted Proﬁt after Tax excludes amortisation on business combinations, share based payments, share of loss of associate, loss on disposal of interestin associate, exceptional income and costs in relation to the cyber incident, acquisitions, and restructuring costs and the associated tax eﬀect of the above excludeditems. 4. Adjusted cash ﬂow generated from operations adds back exceptional cash ﬂows in relation to restructuring. 5. Annual Recurring Revenue (ARR) is calculated by multiplying the June 2026 monthly recurring revenue by 12. 6. Net Revenue Retention (NRR) represents the change in recurring revenue from existing customers over a 12 month period, after reﬂecting expansions, contractions andchurn, excluding any new customer wins. 7. For the purposes of this announcement, the Group understands that market consensus for FY26 is for revenue in the range of £82.1 million to £84.2 million, adjustedEBITDA in the range of £10.0 million to £11.1 million and net cash in the range of £10.6 million to £11.1 million as at 21 September 2026. 8. OEM is an abbreviation for Original Equipment Manufacturers. 9. Adjusted gross proﬁt adds back the impact of credit notes related to the cyber incident. 10. Adjusted Administrative Expenses adds back exceptional costs related to the cyber incident, and exceptional costs in relation to acquisitions and restructuring. 11. Cash conversion is calculated by dividing adjusted cash ﬂow generated from operations by adjusted EBITDA. 12. Certain ﬁnancial measures are not determined under IFRS and are alternative performance measures. Group Results: Revenue and ARR KPIs for the six months ended 30 June 2026H1 2026H1 2025ChangeRevenue £39.5m£44.1m(10.4%)Recurring Revenue £29.9m£29.5m1.3%Non-recurring Revenue £9.5m £14.5m(34.3%)Annual Recurring Revenue (ARR)(5) £60.8m£58.7m3.6%Direct Customer ARR(5) £47.1m£42m 12.1%Net Revenue Retention (NRR)(6) - Direct Customers 106% 114% (8 ppts)Net Revenue Retention (NRR)(6) - Group 98% 106% (8 ppts) Revenue for the six months ended 30 June 2026 was £39.5m, a reduction of 10.4% on the six months ended 30 June2025 (H1 FY25: £44.1m). Recurring revenues grew 1.3% to £29.9m (H1 25: £29.5m) and represented 76% of Grouprevenue (H1 FY25: 67%), driven by ARR growth from our Direct Customer business. The reduction in Group revenue reﬂects mixed volume performance across our global OEM(9) customers, where volumes were below historical norms, the completion of a major customer roll-out in the prior year and the impact of vehicle availability on the timing of certain customer projects in H1 FY26. ARR(5) relating to OEM customers reduced by 18.0% to £13.7m (H1 FY25: £16.7m),due mainly to lower renewals. A key highlight of the period has been the continued growth of the Group's Direct Customer business, with ARR growing12% to £47.1m (H1 FY25: £42.0m), supported by customer renewals, expansion activity and new customer wins.Commercial momentum included a signiﬁcant 10-year renewal and expansion agreement with a long-standingcustomer, with a total contract value of over £20m, which is expected to begin contributing incremental revenuetowards the end of the current year and provides good revenue visibility into FY27. Group ARR increased by 3.6% to £60.8m (H1 FY25: £58.7m), as Direct Customer ARR grew 12.1% to £47.1m (H1 FY25:£42.0m), partly oﬀset by lower OEM ARR. That growth came from new customer wins and the continued rollout ofMicrolise's products and services across existing ﬂeets, further increasing the proportion of Group revenue that isrecurring. This Direct Customer growth continues to be underpinned by renewals and account expansion rather than non-recurring project work. This Direct Customer segment remains the Group's most signiﬁcant long-term opportunity,oﬀering higher-quality revenue and stronger margins over time. Net Revenue Retention (NRR)(6) for Direct Customers was 106% (H1 FY25: 114%), reﬂecting the previously ﬂagged managed churn of smaller customers acquired through recent acquisitions, a return to more normalised phasing of ﬂeetexpansion by customers, together with a lower level of incremental expansion from certain large customers, withcontinued low levels of churn of 1.1% (H1 FY25: 0.5%). The reduction in Group NRR over the same period was primarilydriven by lower OEM revenues. Non-recurring revenues decreased by 34.3% to £9.5m (H1 FY25: £14.5m) impacted by the timing of customer roll-outs.Hardware and installation revenues reduced to £8.3m (H1 FY25: £12.7m), due to the completion of a major directcustomer roll-out in the prior year and the impact of vehicle availability on the timing of certain hardware

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deployments. Professional services revenues, including project management, decreased to £1.3m (H1 FY25: £1.8m),reﬂecting this lower level of project activity in the period. Gross ProﬁtGross proﬁt for the period decreased by 8.3% to £26.5m (H1 FY25: £28.9m), with a gross margin of 67.1% (H1 FY25:65.6%). The increase in gross margin demonstrates the beneﬁt of the Group's ongoing evolution towards a greaterproportion of higher-margin recurring revenues. Administrative Expenses & Operating Proﬁt Adjusted administrative expenses(10) before exceptional administrative charges and share based payment chargesdecreased 4% to £26.0m in the Period (H1 FY25: £27.1m), reﬂecting the beneﬁt of the restructuring completed in FY25.Staﬀ costs were £17.1m (H1 FY25: £18.9m) and average headcount was 735 (H1 FY25: 811). The FY25 restructuringprogramme, announced in November 2025 and completed before the start of the Period, mostly focused on operationsrather than our go-to-market teams. These initiatives, coupled with other ongoing initiatives, generated £5m ofannualised cost savings and a headcount reduction of over 100 FTEs, the beneﬁt of which is reﬂected in the H1 FY26cost base. Part of these cost savings will be reinvested back into the Company through the Group's targeted investmentprogramme, primarily into our go-to-market teams to drive new business activity, alongside investment in product andinfrastructure that is reﬂected in capitalised development costs rather than administrative expenses. Our margin enhancement programme continues through H2 FY26, focusing on further cost reductions and processimprovements to support proﬁtable growth. During FY25 and into the current half, elevated IT hardware costs andsupply constraints increased the cost and extended the delivery timelines of certain infrastructure investments,resulting in the rephasing of a number of initiatives. Associated beneﬁts are therefore expected over a longer period,although the H1 FY26 margin recovery to 13.2% is evidence of progress. The Group remains committed to its medium-term margin ambitions. Investment in marketing and go to market capability continued in the Period, with further investment into the salesteam expected in H2 2026 and into FY27. Marketing investment was £1.6m (H1 FY25: £1.3m), remaining focused onpriority regions, campaign capability and events activity, which continue to be a direct pipeline driver. The marketingautomation capability implemented in FY25 is now embedded, improving targeting and lead management andsupporting a more data-led allocation of spend. Expenditure in the Period was prioritised towards the activities with theclearest line to pipeline, including our principal industry events, targeted digital and content programmes, customer-ledevidence and increased sales development capacity across the UK, France and Australia. Closer coordination betweenthe marketing, sales development and sales teams improved demand generation and lead qualiﬁcation, with APACrecording a signiﬁcant increase in website-generated enquiries compared with H1 2025 as regional inbound capabilitydevelops. In H2 FY26, the Group will publish its ﬁrst Australian industry report alongside a programme of industryevents in Australia and France, with FY27 investment directed towards the activities demonstrating the strongestcontribution to pipeline development and commercial return. Depreciation and amortisation charges in the Period increased 7% to £4.4m (H1 FY25: £4.1m). Depreciation chargesincreased as a result of higher levels of ﬁxed asset investment in the Group's data centres and improvements to itsheadquarters. Amortisation of other intangible assets increased as a result of continued investment in internallydeveloped technologies, partly oﬀset by lower amortisation of business combination intangibles of £1.1m (H1 FY25:£1.4m). Capitalised development costs in the Period were £2.4m (H1 FY25: £1.4m), reﬂecting the increased levels of investmentinto the product portfolio, architecture and security. Amortisation of capitalised development costs was £1.3m (H1FY25: £1.1m). Operating proﬁt for the Period after adjusting for exceptional items, share based payments, and amortisation charges asa result of business combinations was £1.9m (H1 FY25: £3.5m). Reported operating proﬁt for the period was £1.4m (H1FY25: £1.7m), after net exceptional cyber related income of £0.7m (H1 FY25: £0.1m). Adjusted EBITDA(1) & Proﬁt Before Tax To provide a clearer view of underlying business performance, Adjusted EBITDA excludes exceptional items relating torestructuring and the impact of the 2024 cyber incident, together with depreciation, amortisation, share of loss ofassociate, loss on disposal of interest in associate, interest, tax and share based payments. Adjusted EBITDA for thePeriod was £5.2m (H1 FY25: £6.2m), which, while representing a 16% reduction year on year, is a 148% increase on the£2.1m delivered in H2 2025, with margin recovering to 13.2% (H1 FY25: 14.1%; H2 FY25: 5.2%). The year-on-year reduction reﬂects the lower non-recurring revenue in the Period, while the sequential recovery againstH2 2025 reﬂects the beneﬁt of the FY25 restructuring now embedded in the cost base. Targeted investment in product,infrastructure and go to market capability increased in the half and continues to increase across FY26 as a whole,notwithstanding the reduction in total adjusted administrative expenses following the FY25 restructuring. The productand infrastructure element of that investment is reﬂected in increased capitalised development costs of £2.4m (H1FY25: £1.4m), and this elevated level of investment is expected to continue into H2 FY26 and FY27. H2 FY26 investmentis weighted towards cloud infrastructure, delivery of the TMS module and mid-market oﬀering, and additional salesresource in core geographies. These investments are being made from a position of balance sheet strength and areintended to support revenue growth from 2027 onwards, with £13.8m of cash at 30 June 2026 and no drawn debt. While this investment will be managed within the Group's disciplined approach to cost control and capital allocation, itwill absorb part of the £5m of annualised savings delivered through the FY25 restructuring, and we therefore expectmargin progression in H2 FY26 to be more measured than the recovery delivered in H1, while still expecting marginimprovement in the second half year on year, supported by the further non-headcount cost eﬃciencies targeted for H2.The Board is satisﬁed this balance remains appropriate, with recurring revenue now representing 76% of Group revenue(H1 FY25: 67%) and remaining the principal driver of margin over time. Taking the H1 performance, contracted recurring

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revenue and the phasing of second-half investment together, the Board expects FY26 adjusted EBITDA to be in line with market consensus7. Adjusted proﬁt before taxation(2) for the Period decreased 49% to £1.9m (H1 FY25: £3.6m), reﬂecting the lower Adjusted EBITDA and higher depreciation of £2.0m (H1 FY25: £1.6m) and amortisation charges associated withcapitalised development costs of £1.3m (H1 FY25: £1.1m). The adjusted proﬁt before taxation excludes exceptionalcosts in relation to restructuring and cyber security costs, amortisation charges of £1.1m as a result of businesscombinations (H1 FY25: £1.4m) and share based payments. Reported proﬁt before taxation in the period was £1.4m (H1FY25: £1.9m). TaxationThe tax charge in the six months ended 30 June 2026 was £0.4m (H1 FY25: £0.6m), representing an eﬀective tax rate of25.9% (H1 FY25: 31.8%). The eﬀective tax rate is higher than the standard rate of corporation tax and this is driven bynon-deductible expenses, including share based payments. Underlying deferred tax credits relate to the amortisation ofintangible assets and utilisation of accelerated allowances oﬀset by the utilisation of tax losses brought forward. From 1 July 2020, Microlise has been classiﬁed as a large company for tax research and development purposes andbeneﬁts from the Research and Development Expenditure Credit scheme (RDEC) with any beneﬁt being reﬂected asgrant income within other operating income. In the period ended 30 June 2026 the pretax value of the credit was £0.1m(H1 FY25: £0.1m). Proﬁt After Tax, EPS and Dividend Adjusted proﬁt after tax(3) for the Period decreased 54% to £1.4m (H1 FY25: £3.0m). As a result, adjusted earnings pershare(3) decreased 54% to 1.20p (H1 FY25: 2.62p). Reported basic earnings per share was 0.87p (H1 FY25: 1.10p) and diluted earnings per share was 0.87p (H1 FY25: 1.09p). For further information on earnings per share, please refer tonote 5 of the ﬁnancial statements. Reported proﬁt after tax for the six months ended 30 June 2026 was £1.0m (H1 FY25:£1.3m). No dividends were paid during the six months ended 30 June 2026 (H1 FY25: £1.4m in respect of the FY24 ﬁnaldividend). The FY25 ﬁnal dividend of 1.30 pence per ordinary share (£1.5m) was approved by shareholders at theAnnual General Meeting held on 24 June 2026 and was paid on 24 July 2026, after the period end to shareholders onthe register at the close of business on 3 July 2026. Group Statement of Financial PositionThe Group had net assets of £67.5m at 30 June 2026 (30 June 2025: £72.0m; 31 December 2025: £68.0m). Total assetsincreased to £134.2m (31 December 2025: £132.9m). The prior-year comparatives include the July 2025 disposal of theGroup's interest in Trakm8 Holdings Plc, which was reported in full in the FY25 results. Trade and other receivablesincreased to £21.0m (30 June 2025: £19.2m; 31 December 2025: £16.0m), reﬂecting the phasing of billing and customerproject activity in the period and the particularly strong cash collection performance in H2 FY25. Total liabilities increased to £66.7m (31 December 2025: £64.8m). Lease liabilities of £4.5m (31 December 2025: £3.9m)reﬂect increased data centre capacity as part of the strategy to reduce third party hosting costs, together with vehicleleasing for our mobile engineering teams. The Group typically invoices for software subscriptions monthly, quarterly,annually or for the life of the subscription in advance which drives a strong balance sheet with signiﬁcant cash balances.Revenue is recognised in the month the service is provided with deferred income disclosed as contract liabilities incurrent and non current liabilities. As at 30 June 2026 total trade and other payables was £53.4m (31 December 2025:£52.9m), a signiﬁcant proportion of which is deferred income relating to future contracted revenue recognition. Adjusted Cashﬂow(4) & Net CashAdjusted cash ﬂows generated from operations(4) were £3.1m in the Period (H1 FY25: £4.0m), representing an adjusted cash conversion rate(11) of 60% (H1 FY25: 64%), reﬂecting the working capital outflow in the half. Underlying cashcollection performance in the Period remained healthy, with the working capital outflow reﬂecting the phasing of billingand customer project activity rather than any slowdown in collection. Cash collection in H2 2025 was particularly strong,with a number of receipts originally anticipated in FY26 collected ahead of schedule, and the year-on-year reduction inadjusted cash ﬂows generated from operations therefore principally reﬂects this timing beneﬁt in the prior periodrather than any change in the quality of the receivables book or in customer payment behaviour. Reported net cash ﬂows generated from operating activities in the period was £1.3m (H1 FY25: £3.9m). The Groupended the six-month period to 30 June 2026 with cash and cash equivalents of £13.8m (30 June 2025: £11.2m; 31December 2025: £16.7m). Overall, the net cash outflow was £3.0m with the main movements being: an increase in trade and other receivables of£4.8m (H1 FY25: £1.3m reduction); net tax receipts of £0.3m (H1 FY25: £0.4m receipt); no dividend payments (H1 FY25:£1.4m); purchases of plant, property and equipment of £1.0m (H1 FY25: £0.6m); investment into product anddevelopment of £2.4m (H1 FY25: £1.4m); and payments in respect of lease liabilities of £0.8m (H1 FY25: £0.7m). Banking FacilityIn April 2024, the Group renewed its debt facility with HSBC with an agreed £10.0m committed revolving cash ﬂowfacility and a £20m accordion. The facility remained undrawn throughout the Period and the Group had no drawn debtat 30 June 2026, with the Group comfortably within its banking covenants. The Group's cash of £13.8m (30 June 2025:£11.2m) and the undrawn £10.0m committed revolving credit facility give the Group total available liquidity of £23.8mon a committed basis. The £20m accordion sits over and above this. Given the level of headroom in the businessforecasts, the Board considers it appropriate to prepare the ﬁnancial statements on the going concern basis. Details ofthe Board's going concern assessment is provided in the basis of preparation note in the ﬁnancial statements.

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Interim unaudited Consolidated Statement of Comprehensive Incomefor the six months ended 30 June 2026 Six months ended 30 June 2026Six months ended 30 June 2025 Underlyingresults Exceptionalcyberincidentincome(note 2) Total Underlyingresults Exceptionalcyberincidentincome(note 2) Total Note £’000 £’000 £’000 £’000 £’000 £’000 Revenue 1 39,454 - 39,454 44,050 - 44,050 Cost of sales (12,966) - (12,966)(15,158) - (15,158) Gross profit 26,488 - 26,488 28,892 - 28,892 Other operating income 281 477 758 230 381 611 Administrative expenses (26,019) 187 (25,832)(27,501) (259)(27,760) Operating profit 750 664 1,414 1,621 122 1,743 Interest income 146 - 146 233 - 233Interest expense (196) - (196) (113) - (113) Profit before tax 700 664 1,364 1,741 122 1,863 Taxation 4 (187) (166) (353) (561) (31) (592) Profit for the period 513 498 1,011 1,180 91 1,271 Other comprehensive income for theperiod Currency translation differences (85) - (85) (204) - (204) Total comprehensive income for theperiod attributable to the equityshareholders of Microlise Group PLC 428 498 926 976 91 1,067 Earnings per share Basic earnings per share (pence)5 0.44 0.43 0.87 1.02 0.08 1.10Diluted earnings per share (pence)5 0.44 0.43 0.87 1.01 0.08 1.09 Interim unaudited consolidated Statement of Changes in Equity Sharecapital SharepremiumRetainedearnings Totalequity £’000 £’000 £’000 £’000 At 1 January 2025 116 17,630 54,153 71,899 Comprehensive income for the period to 30 June 2025 Profit for the period - - 1,271 1,271Other comprehensive expense - - (204) (204)Total comprehensive income for the period- - 1,067 1,067 Share based payment - - 442 442Dividends paid - - (1,438) (1,438) Total transactions with owners - - (996) (996) At 30 June 2025 116 17,630 54,224 71,970 Comprehensive expense for the period to 31 December 2025 Loss for the period - - (3,436) (3,436)Other comprehensive expense - - (53) (53)Total comprehensive expense for the period- - (3,489) (3,489) Share based payment - - 256 256 Dividends paid - - (695) (695)Total transactions with owners - - (439) (439) At 31 December 2025 116 17,630 50,296 68,042 Comprehensive income for the period to 30 June 2026 Profit for the period - - 1,011 1,011Other comprehensive expense - - (85) (85)Total comprehensive income for the period- - 926 926 Share based payment - - 48 48Dividends payable (see below) - - (1,508) (1,508)Total transactions with owners - - (1,460) (1,460)

Page 9

At 30 June 2026 116 17,630 49,762 67,508 The final dividend payable for 2025 was approved by the shareholders on 24 June 2026 for payment in July 2026 and is therefore presented as a liability as at 30 June 2026 in this interim financial information.

Page 11

Interim unaudited Consolidated Statement of Financial Positionas at 30 June 2026 Note 30 June 31 December 30 June 2026 2025 2025 £’000 £’000 £’000Assets Non-current assets Property, plant and equipment 12,098 11,628 9,196Intangible assets 6 81,579 81,673 82,797Investments in associate 7 - - 1,364Trade and other receivables 2,642 2,996 3,776Total non-current assets 96,319 96,297 97,133 Current assets Inventories 2,758 2,753 3,151Loan to associate 7 - - 1,045Trade and other receivables 21,013 15,990 19,173Corporation tax recoverable 306 1,100 -Cash and cash equivalents 13,771 16,743 11,159Total current assets 37,848 36,586 34,528 Total assets 134,167 132,883 131,661 Current liabilities Lease liabilities (1,549) (1,188) (1,014)Trade and other payables (33,053) (35,147) (32,248)Dividend payable (1,508) - -Corporation tax payable - - (103)Total current liabilities (36,110) (36,335) (33,365) Non current liabilities Lease liabilities (2,914) (2,689) (1,106)Trade and other payables (20,385) (17,742) (16,223)Deferred tax (5,177) (5,464) (6,179)Provisions (2,073) (2,611) (2,818)Total non current liabilities (30,549) (28,506) (26,326) Total liabilities (66,659) (64,841) (59,691) Net assets 67,508 68,042 71,970 Equity Issued share capital 8 116 116 116Share premium account 17,630 17,630 17,630Retained earnings 49,762 50,296 54,224Total equity 67,508 68,042 71,970 Interim unaudited Consolidated Statement of Cash Flowsfor the period ended 30 June 2026 Six monthsended30 June Six monthsended30 June Note 2026 2025 £’000 £’000Cash flows from operating activities Cash generated from operations A 989 3,510Tax received 377 496Tax paid (99) (108) Net cash generated from operating activities 1,267 3,898 Cash flows from investing activities Purchase of property, plant and equipment (1,020) (646) Additions to intangible assets (2,357) (1,401)Interest received 146 188 Net cash used in investing activities (3,231) (1,859) Cash flows from financing activities Dividends paid - (1,438)Interest paid (196) (113)Lease liability payments (831) (672) Net cash used in financing activities (1,027) (2,223) Net decrease in cash and cash equivalents (2,991) (184)Cash and cash equivalents at beginning of the year 16,743 11,401Foreign exchange gains/(losses) 19 (58) Cash and cash equivalents at end of the year B 13,771 11,159

Page 13

Notes to the interim unaudited consolidated statement of cash flowsfor the period ended 30 June 2026 A. Cash generated from operationsThe reconciliation of profit for the period to cash generated from operations is set out below: Six monthsended30 June Six monthsended30 June 2026 2025 £’000 £’000Profit for the period 1,011 1,271Adjustments for: Depreciation of property, plant and equipment 1,967 1,625Amortisation of business combination intangible assets 1,104 1,420Amortisation of other intangible assets 1,344 1,098Loss on disposal of intangible fixed assets 3 -Share based payments 48 442Foreign exchange loss in respect of intercompany balances (70) (161)Net interest costs 50 (120)Tax charge 353 592 5,810 6,167Working capital movements: (Increase)/decrease in inventories (5) 61 (Increase)/decrease in trade and other receivables (4,765) 1,276 Decrease in trade and other payables (51) (3,994) Cash generated from operations 989 3,510 B. Analysis of net cash At 1 January2025 Cash flow Non-cashchanges At30 June 2025 £’000 £’000 £’000 £’000Lease liabilities (1,309) 672 (1,483) (2,120) Liabilities arising from financingactivities (1,309) 672 (1,483) (2,120) Cash and cash equivalents 11,401 (184) (58) 11,159Net cash 10,092 488 (1,541) 9,039 At 1 January2026 Cash flow Non-cashchanges At30 June 2026 £’000 £’000 £’000 £’000Lease liabilities (3,877) 831 (1,417) (4,463)Liabilities arising from financingactivities (3,877) 831 (1,417) (4,463) Cash and cash equivalents 16,743 (2,991) 19 13,771Net cash 12,866 (2,160) (1,398) 9,308

Page 15

Notes to the interim unaudited financial information General information The parent company is a holding company and its subsidiaries are businesses that provide technologicaltransport and fleet management solutions. Its technology is designed to help businesses improve efficiency,reduce emissions, lower costs, and increase safety on the road. The company is a public limited companylisted on AIM, limited by shares, incorporated and domiciled in England. The address of the registered office isFarrington Way, Eastwood, Nottingham, NG16 3AG. Basis of preparation This interim announcement and condensed consolidated interim financial information has been prepared inaccordance with the recognition and measurement requirements of UK adopted International AccountingStandards as effective for periods beginning on or after 1 January 2026 (‘IFRS’). In preparing these interim financial statements, the Board have considered the impact of any new standardsor interpretations which will become applicable for the next Annual Report and Accounts which deal with theyear ending 31 December 2026 and there are not expected to be any changes in the Group’s accountingpolicies compared to those applied at 31 December 2025, a full description of which are contained in thefinancial statements for the year ended 31 December 2025 which are available on our website. There are no new standards, interpretations and amendments in issue which are not yet effective in thesefinancial statements, expected to have a material effect on the Group’s future financial statements. The principal accounting policies used in preparing the interim results are those the Group expects to apply inits financial statements for the year ending 31 December 2026. The financial information does not contain all of the information that is required to be disclosed in a full set ofIFRS financial statements. The financial information for the periods ended 30 June 2026 and 30 June 2025 isunaudited and does not constitute the Group's statutory financial statements for the period. The statutory audited financial statements for the year ended 31 December 2025 have been filed atCompanies House. The auditor’s report on those financial statements was unqualified, did not includereferences to any matters to which the auditor drew attention by way of emphasis without qualifying its reportand did not contain a statement under section 498(2)-(3) of the Companies Act 2006. The interim financial information has been prepared under the historical cost convention unless otherwisespecified within these accounting policies. The financial information and the notes to the financial informationare presented in thousands of pounds sterling (‘£’000’), the functional and presentation currency of the Group,except where otherwise indicated. The policies have been consistently applied to all periods presented, unless otherwise stated. Exceptional items Exceptional items are significant items of income or expense which, because of their size, nature andinfrequency of the events giving rise to them, merit separate presentation to provide further understanding ofthe underlying financial performance of the Group during the period. Going concern The Group had cash balances of £13.8m at 30 June 2026 and an undrawn committed revolving cash flowfacility of £10m and a £20m accordion facility available until April 2027. The facility may be used for generalcorporate and working capital purposes and for permitted acquisitions. The Group has prepared forecasts for the period to 31 December 2027 and a range of sensitivities have beenrun on the working capital model. The directors consider a scenario in which the business will face liquidityissues or breach covenant conditions in respect of facilities is remote. As part of the sensitivity analysis thedirectors have considered the impact of a reduction in turnover from their principal customer and the impacton working capital and are satisfied that in such a scenario the Group has sufficient liquid resources torestructure and continue as a going concern servicing the remaining customer base. In view of the funds and facilities available to the Group the directors consider that there is significant cashheadroom in the forecasts and the going concern basis of preparation is therefore appropriate. 1. Segmental information Recurring revenue represents the sale of the Group’s full vehicle telematics solutions, support andmaintenance. Non recurring revenue represents the sale of hardware, installation and professional services. Revenue in respect of the set up, supply of hardware and software installation is recognised at a point in time.Professional services including project management, managed services and support services income isrecognised over the period when services are provided. Six monthsended30 June 2026 Six monthsended30 June 2025 £’000 £’000 By type Revenue recognised at a point in time: Supply of hardware and installation 8,286 12,700 Revenue recognised over time: Professional services including projectmanagement 1,257 1,835 Managed service agreement income 26,999 26,571 Other support and maintenanceservices 2,912 2,944

Page 16

31,168 31,350 39,454 44,050 By destination: UK 35,741 39,081 Rest of Europe 973 1,328 Rest of the World 2,740 3,641 Total revenue 39,454 44,050 One customer contributed £10.4m and 26% of revenue to the six months ended 30 June 2026 (£12.5m and28% to the six months ended 30 June 2025). Due to the nature of revenue, there is not considered to be seasonality in relation to the reported results. The board views operations as one business and segment with a focus on areas within this includinggeographical expansion and selling complementary services to the existing customer base. 2. Exceptional income and costs The Group was subject to a cyber attack on 31 October 2024 where the actions to mitigate and contain theattack resulted in a number of customers not receiving all the managed services they subscribe for in thefollowing 3 week period. As a result, the Group incurred a number of exceptional costs totalling £4,380,000which were recorded in the results for the year ended 31 December 2024. The Group has reassessed the provision recognised for customer claims based on its best estimate of thepotential outcome of new and existing claims and concluded that the majority should be retained at both 30June 2025 and 2026. The Group will review and adjust the provision to reflect the best estimate again at yearend. The Group considers that its related insurance policies largely cover these liabilities and that it is likely to bereimbursed a materially similar amount of income in due course once the insurance claims are evaluated andprocessed. In these interim financial statements exceptional other income of £477,000 has been recognisedreflecting claims that have been processed for the period to 30 June 2026 (2025: £381,000) and £187,000 ofprovisions have been released resulting in a further credit to administrative expenses (2025: offset by a further£259,000 of related professional fees). 3. Alternative performance measures In reporting financial information, the Group presents alternative performance measures (APMs), which arenot defined or specified under the requirements of IFRS. The Group believes that these APMs, which are notconsidered to be a substitute for or superior to IFRS measures, provide depth and understanding to the usersof the financial statements to allow for further assessment of the underlying performance of the Group. TheGroup’s primary results measure, which is considered by the directors of the Group to represent theunderlying and continuing performance of the Group, is adjusted EBITDA as set out below. EBITDA is acommonly used measure in which earnings are stated before net finance income, tax, amortisation anddepreciation as a proxy for cash generated from trading. The group qualifies for large company R&D tax reliefs with the RDEC credit included in other operatingincome above operating profit and in line with common practice is included in the Group’s calculation ofEBITDA. Six monthsended30 June 2026 Six monthsended30 June 2025 £’000 £’000 Operating profit 1,414 1,743 Share based payment 48 442 Depreciation of property, plant and equipment 1,967 1,625 Amortisation of intangible assets that arose frombusiness combinations 1,104 1,420 Amortisation of other intangible assets 1,344 1,098 Exceptional income in respect of cyber incidentinsurance proceeds (477) (381) (Release of provision)/additional costs in respect ofcyber incident professional fees (187) 259 Adjusted EBITDA 5,213 6,206 4. Tax on profit Six monthsended30 June 2026 Six monthsended30 June 2025 £’000 £’000 Current taxation UK corporation tax (565) (435) Current period overseas tax (61) (106) (626) (541) Deferred taxation Origination and reversal of timingdifferences 273 (51) 273 (51)

Page 17

Tax charge on profit (353) (592) The Finance Act 2021 enacted a UK corporation tax rate of 25% applying to taxable profits from April 2023.This has accordingly been applied at 30 June 2025 and 2026 to deferred tax balances. Factors affecting the tax for the period The tax charge on the profit for the period differs from applying the standard rate of corporation tax in the UKof 25% (2025: 25%). The differences are reconciled below: Six monthsended30 June 2026 Six monthsended30 June 2025 £’000 £’000 Profit before taxation 1,364 1,863 Corporation tax at standard rate 341 466 Factors affecting charge for the period: Disallowable expenses 12 123 Other differences including higher overseas tax rates - 3 Tax charge on profit 353 592 In addition, RDEC credits of £120,000 are included in other operating income for the period ended 30 June2026 (2025: £80,000). 5. Earnings per share Six monthsended30 June 2026 Six monthsended30 June 2025 Profit used in calculating EPS (£’000) 1,011 1,271Weighted average number of shares for basic EPS (note 8) 115,946,993 115,945,956Weighted average number of shares for diluted EPS 116,134,714 116,265,851Basic earnings per share (pence) 0.87 1.10Diluted earnings per share (pence) 0.87 1.09 There were 4,379,920 unexercised share options in place at 30 June 2026 (2025: 5,619,532) of which1,535,571 (2025: 319,895) were potentially dilutive within the period at their nominal exercise price and areincluded in the weighted average for diluted EPS.

Page 19

6. Intangible fixed assets Goodwill CustomerrelationshipsBrands Technology– businesscombinations Totalbusinesscombinationassets DevelopedtechnologyproductsSoftwareOver £’000 £’000 £’000 £’000 £’000 £’000 £’000 Cost At 1 January 2025 60,193 20,023 3,030 8,420 91,666 9,932 951 Additions - - - - - 1,399 2 At 30 June 2025 60,193 20,023 3,030 8,420 91,666 11,331 953 Amortisation At 1 January 2025 - 7,213 1,221 5,081 13,515 4,541 579Charge for the period - 690 144 586 1,420 1,044 54 At 30 June 2025 - 7,903 1,365 5,667 14,935 5,585 633 Net book value At 30 June 2025 60,193 12,120 1,665 2,753 76,731 5,746 320 Cost At 1 January 2026 60,193 20,023 3,030 8,420 91,666 12,585 1,079 Additions - - - - - 2,357 -- Disposals - - - - - - (15) At 30 June 2026 60,193 20,023 3,030 8,420 91,666 14,942 1,064 Amortisation At 1 January 2026 - 8,593 1,509 6,081 16,183 6,776 698 Charge for the period - 690 143 271 1,104 1,279 65Disposals - - - - - - (12) At 30 June 2026 - 9,283 1,652 6,352 17,287 8,055 751 Net book value At 30 June 2026 60,193 10,740 1,378 2,068 74,379 6,887 313 Intangible assets have arisen principally on acquisition with a continuing investment in technology andsoftware.

Page 21

7. Transactions with associate The Group held 20% of the shares in Trakm8 Holdings plc. A £1,000,000 convertible loan also advanced tothis company in a prior period was originally due for repayment in September 2024 or convertible into a fixednumber of shares. In April 2024, the repayment date was extended to September 2025 with interest earnedincreasing from 12% to 18% and with a revised conversion option at 8.1 pence per share. Accrued interest onthe loan of £45,000 was payable at 30 June 2025. Trakm8 Holdings plc was acquired by a private buyer on 9 July 2025 and the loan notes and unpaid interestwere converted into equity and sold together with the investment in shares. The Group received disposalproceeds of £2,180,000 and recognised a loss on disposal of £414,000 in the full year results to December2025. 8. Share capital On 26 June 2026, 37,527 £0.001 shares were issued at £0.001 each following the exercise of share options.This increased the number of £0.001 shares in issue from 115,945,956 to 115,983,483.

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Interim report