REG - KRM22 PLC - New Customer Contract

KRM22Announcement

04/03/2025 07:00

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RNS Number : 1558Z  KRM22 PLC  04 March 2025

KRM22 plc

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

New Customer Contract

ARR for KRM22 plc up to £7.0m

 

KRM22 plc, (AIM: KRM) the technology and software investment company that
focuses on risk management for capital markets, is pleased to announce the
signing of a new customer contract for the Risk Manager application.

 

The £1.1m Risk Manager contract, which is deliverable over three years, is
with a major Futures Commission Merchant ("FCM"), the first to adopt Risk
Manager having already successfully deployed the Limits Manager application;
further highlighting the value of KRM22's integrated applications. Since the
launch of the Risk Manager application in early 2024, KRM22 now has Risk
Manager contracts in place with three new FCMs totalling £0.8m in Annual
Recurring Revenue ("ARR"). Efforts continue to transition all clients from
legacy At-Trade and Post-Trade applications to Risk Manager.

 

Following the announcement of this contract, and as at the date of this
announcement, the Group's ARR has seen a net increase, after accounting for
the aforementioned new contract, by £0.4m to £7.0m since the end of 2024.
This underpins revenue forecasts for the year and is in line with existing
market forecasts to reach £7.9m ARR by the end of 2025.

 

Dan Carter, CEO commented: "This contract win is validation of the enhanced
risk offering KRM22 provides with the integration between our Limits and Risk
Manager applications. In addition, the growth in ARR to £7.0m is another
milestone on our journey to create a cash generative and profitable business."

 

 

For further information please contact:

 

 KRM22                                                                                                                                                                                   InvestorRelations@krm22.com (mailto:InvestorRelations@krm22.com)
 plc

 Garry Jones, Chairman

 Dan Carter, CEO

 Kim Suter, CFO

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

 Carl Holmes / Isaac Hooper / Rory Sale (Corporate Finance)

 Sunila de Silva (ECM)

 

The information contained within this announcement was deemed by the Company
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 as amended.  With the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

 

 

About KRM22 plc

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

 

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

 

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

 

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

 

See more about KRM22 at KRM22.com

 

 

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