REG - Quantum Base Hldgs - Trading Update

Quantum Base HoldingsAnnouncement

17/04/2026 07:00

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RNS Number : 8430A  Quantum Base Holdings PLC  17 April 2026

17 April 2026

 

Quantum Base Holdings plc

("Quantum Base", the "Company" or the "Group")

Trading Update

Quantum Base Holdings plc (AIM: QUBE), the UK-based quantum science company
focused on creating a new global standard in authentication powered by Q-ID®,
provides the following update on current trading.

The Company has made strong progress and expects total revenues for the
financial year ending 30 April 2026 ("FY26") to be in the range of £455,000
to £595,000, representing a significant increase on the financial year ended
30 April 2025 ("FY25"). This increase has been driven by the continued
integration of Q-ID® with Customer #1, a leading global security printer, and
the onboarding of Customer #2, a global art authentication registry.

The Company continues to make considerable commercial and operational progress
whilst experiencing a few minor delays across customer engagements, meaning
that certain contracts initially expected to be signed within FY26 are now
anticipated to be entered into in the new financial year (starting 1 May 2026)
("FY27"). In addition, following a review of revenue accounting, approximately
£42,000 of the initial set up fees for Customer #2 will be recognised in
FY27. Together, these two factors have led to a deferral of revenue from FY26
into FY27. Given this, the EBITDA loss for FY26 is expected to be greater than
market expectations.

Following the successful fundraise in December 2025, the Company remains well
funded with unaudited net cash at 31 March 2026 of £3.4 million.

The Board remains confident in the strong underlying commercial momentum of
the business. Quantum Base has progressed its discussions to an advanced stage
with four potential customers across the security printing, pharmaceuticals
and brand protection sectors, reflecting the broad applicability of Q-ID®
technology and the growing market recognition of Q-ID® as a credible,
scalable solution.

Operational Highlights

Q-ID® Scanner 2.0 launched on iOS

The Company has released the Q-ID(®) Scanner 2.0 on iOS, with up to 3x faster
authentication speeds and end-to-end scans in less than 3 seconds.
Authentication is up to 7x faster in low-data, 3G and 4G environments. The
update includes a number of usability improvements, as well as the use of an
'App Clip', removing the need for an app store download on iOS. The Android
version is in development and is expected to follow shortly.

Sales and marketing investment

In line with its stated strategy, the Company has made several key hires in
sales and marketing to scale its demand generation capabilities. The Board
believes these additions will strengthen the Company's commercial pipeline and
support revenue growth.

Tom Taylor, CEO of Quantum Base, commented:

"The scale of our revenue growth from FY25 to FY26 reflects the maturing
nature of Quantum Base and its offering over the past year. We have moved from
early-stage commercial engagement into a business with real, growing revenues
and a pipeline of opportunities that will drive significant growth. The launch
of Q-ID® Scanner 2.0 is another meaningful step in making our technology
faster and easier for our customers. Our expanded commercial team is now in
place and a number of advanced partnership discussions are underway across
security printing, pharmaceuticals and brand protection. We are now well
positioned to build on this momentum, and I look forward to updating
shareholders on these discussions in due course."

END

This announcement contains inside information as defined in Article 7 of the
EU Market Abuse Regulation No 596/2014, as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018, as
amended, and has been announced in accordance with the Company's obligations
under Article 17 of that Regulation.

For further information, please contact:

 Quantum Base                                             info@quantumbase.com (mailto:info@quantumbase.com)

 Tom Taylor, CEO                                          www.quantumbase.com (http://www.quantumbase.com/)

 Rob Young, Chief Science Officer
 Strand Hanson Limited (Financial and Nominated Adviser)  +44 (0)207 409 3494

 Christopher Raggett

 James BellmanEdward Foulkes
 Cavendish Capital Markets Limited (Broker)               +44 (0)20 7220 0500

 Ed Frisby / Isaac Hooper - Corporate Finance

 Andrew Burdis - Corporate Broking

 Michael Johnson / Dale Bellis / Jasper Berry - Sales
 BlytheRay (Financial PR)                                 quantumbase@blytheray.com (mailto:quantumbase@blytheray.com)

 Megan Ray                                                +44 (0)20 7138 3204

 Will Jones

 

About Quantum Base

Quantum Base is a quantum science company creating a new global standard in
authentication through its patented Q-ID solution - unbreakable and
non-replicable authenticity tags that can be applied to a vast array of
products, significantly mitigating counterfeiting.

The technology underpinning Q-IDs harnesses randomness at the atomic level,
and this volume and variation ensure that there is virtually an infinite
number of combinations that can be created. The Q-ID is practically impossible
to replicate using even the most advanced available technology.

Q-IDs can be applied to almost any print line and can be entirely
non-intrusive to a product's existing design, meaning that they can be
utilised in a vast number of end markets. The authentication process to
identify printed tags is undertaken using existing and unmodified smartphone
technology, providing easy authentication and proven security for global
brands, governments and consumers.

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