AGM Statement

Brave Bison, the next-generation marketing and technology partner for global brands, provides the following statement ahead of the Company's annual general meeting.

"The Board is pleased to report a period of progress, with trading in the first half of 2026 demonstrating the strength and momentum of the Company.

Net revenue for the half year period has increased by at least 92% to not less than £23 million, and adjusted EBITDA is in line with management expectations. Consistent with previous announcements, the Group's trading pattern remains weighted towards the second half of the year.

Strong cash generation, supported by Mark Ritson's option exercise, has accelerated debt repayment and left the Company in a substantial net cash position, a reflection of both the scale of the business and the operational discipline driving its growth.

MiniMBA has been the standout performer, delivering organic year-on-year growth of 18% with the first cohort of 2026. This has been complemented by a series of new client wins, including Omnicom, ServiceNow, Nike and Campari, among others. These relationships with some of the world's most recognised brands are a powerful endorsement of MiniMBA's market-leading proposition and reinforce its position at the forefront of professional marketing education.

Our Consultancy & Marketing Services business, which now represents approximately half of divisional Group profits, has made strong progress over the period, embracing AI to transform both how we work and the value we deliver to clients. By embedding generative AI tools across our creative, media and technology operations, we have driven meaningful gains in productivity, speed and quality, enabling our teams to deliver more for clients while improving margins.

Just as importantly, we are capitalising on the significant growth opportunities created by the rapid adoption of generative AI tools and chatbots among both our clients and their consumers. As audiences increasingly discover, research and engage with brands through AI-powered platforms, the way businesses must market themselves is changing fundamentally. This shift is expanding our addressable market and creating strong demand for our expertise in helping clients adapt, from optimising their presence across AI-driven search and discovery to building the creative and technical capabilities needed to thrive in this new environment.

With strong financial momentum, a compelling pipeline of new clients, and clear avenues for growth both internationally and through product expansion, Brave Bison is well placed to deliver continued value for shareholders.

The Board looks forward to the remainder of 2026 with considerable optimism."