REG - Tap Global Group PLC - Tap Earn Update

Tap GlobalAnnouncement

Mon 09:30

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RNS Number : 7155E  Tap Global Group PLC  18 May 2026

18 May 2026

Tap Global Group plc

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

Tap Earn Update

US$3.5 million AUM in early phase

Further to the announcement on 7 May 2026, Tap Global Group plc (AIM: TAP), an
innovative digital finance hub that brings money payments and crypto
settlement services together in a single user-friendly app, is pleased to
provide an interim update on the launch of Tap Earn - a yield product offering
the Group's customers competitive variable yields on eligible cryptocurrency
and stablecoin holdings, directly within the Tap mobile application.

Since launch, Tap Earn has achieved Assets Under Management ("AUM") of US$3.5
million through customer deposits, activating a new recurring revenue stream
for the Company based on yields accrued on AUM.

Strategic Context and Long-Term Ambition

Tap Earn represents the first material step in the Group's strategic evolution
toward yield generation as a major revenue contributor. Cryptocurrency
platforms have historically been disproportionately exposed to transactional
revenue, which is highly correlated to market volatility and trading volumes.
The Board's long-term strategic objective is to build a platform whose revenue
base is more closely aligned with assets held on platform rather than
exclusively on assets traded - enabling the Group to generate revenue through
all phases of the market cycle, including periods of low transactional
activity.

Tap Earn is the foundational product in this strategy. By converting passive
customer balances into income-generating assets, the Group is able to monetise
its existing customer base of over 400,000 registered customers without
reliance on trading volumes, and to add a counter-cyclical revenue stream
alongside the Group's existing trading and card-related revenues.

As recurring yield-based revenue scales, the Board expects this to provide the
Group with meaningful strategic optionality on transactional pricing,
supporting the Group's longer-term ambition to compete aggressively for retail
market share across its peer set.

Next Update

The Group intends to provide its next trading update around the end of its
financial year ending 30 June 2026.

Arsen Torosian, Chief Executive Officer of Tap, commented:

"Tap Earn is performing in line with our expectations and marks the start of a
strategic evolution in how we think about Tap. Customers want two things: to
earn more on what they hold, and to pay less for what they trade. With Tap
Earn, we now have a product that addresses the first directly, and a recurring
revenue base that, as it scales, gives us the flexibility to be increasingly
competitive on the second. Our long-term ambition is to become a leading
consumer destination for passive cryptocurrency yield, with a revenue model
that is resilient through the cycle - and our lean cost base means we can
pursue that ambition with discipline."

Enquiries:

 Tap Global Group plc                                        via Vigo Consulting

 Arsen Torosian, Chief Executive Officer
 SPARK Advisory Partners Limited                             +44 (0)20 3368 3555

 (AIM Nominated Adviser)

 Andrew Emmott / Angus Campbell
 Cavendish Capital Markets (Joint Broker)                    +44 (0)20 7220 0500

 Adrian Hadden / George Lawson (Corporate Finance)

 Dale Bellis / Jason Trill (Sales & Corporate Broking)
 AlbR Capital (Joint Broker)                                 +44 (0)20 7469 0930

 Gavin Burnell / Jon Belliss / Colin Rowbury
 Vigo Consulting (Investor Relations)                        +44 (0)20 7390 0230

 Ben Simons / Amelia Thorn / Georgina Moul

 tapglobal@vigoconsulting.com

 

Investor website: investor.tap.global (https://investor.tap.global/)

About Tap Global Group plc

Tap Global Group plc bridges the gap between traditional finance and
blockchain technology. It offers over 400,000 registered individual and
business customers an innovative and fully integrated fiat payments and
cryptocurrency settlement service including access to several major
cryptocurrency exchanges. Through the Tap app, customers can trade over 70
cryptocurrencies and store them directly in their customer wallet, while
benefiting from proprietary AI middleware for real-time best-execution and
pricing.

Tap Group's European business, Tap Global Limited, was the first
cryptocurrency FinTech company to be approved by Mastercard in Europe. Through
the Tap card, European users can convert their cryptocurrencies to fiat and
spend at more than 37 million merchant locations worldwide.

Tap Group's operating subsidiaries

Tap Global Limited serves the European customer base and is registered in
Gibraltar and licensed and regulated by the Gibraltar Financial Services
Commission under the DLT with licence No. 25532.

Tap's Bulgarian subsidiary has been granted a VASP registration by the
National Revenue Agency of Bulgaria in order to qualify for the EU MiCA
regulations grandfathering provisions.

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/tapglobal/
(https://www.linkedin.com/company/tapglobal/) | X: https://x.com/TapGlobalPlc
(https://x.com/TapGlobalPlc)

Forward-Looking Statements

This announcement contains forward-looking statements, including (without
limitation) statements regarding the expected launch of Tap Earn in the United
Kingdom (including the timing thereof), the expected publication of a trading
update containing early-access performance metrics, the launch of
Treasury-as-a-Service, the reproducibility of the unit economics of Tap Earn
at scale, the Group's ability to fund the scaling of the Tap Earn product from
operating cash flows, the Group's broader strategic framework, and the
structural differentiation of the programme's risk framework. Forward-looking
statements are subject to known and unknown risks and uncertainties (including
those described under "Important Risk Information" above), and actual outcomes
may differ materially from those expressed or implied. Forward-looking
statements speak only as at the date of this announcement and the Company
undertakes no obligation to update them, save as required by applicable law or
regulation. Nothing in this announcement should be construed as a profit
forecast.

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