Half-year Results

One Media iP (AIM: OMIP), the digital music rights acquirer, publisher and distributor, announces its unaudited interim results for the six months ended 30 April 2026.

Financial highlights

• Revenue of £2.34 million (H1 2025: £2.51 million), a reduction of 6% primarily due to foreign exchange impact and non-recurring revenue items that benefitted H1 2025. Excluding these items, revenue on a like-for-like basis is stable.
• Net revenue of £1.60 million (H1 2025: £1.70 million), with the decrease principally attributable to unfavourable foreign exchange movements. Underlying royalty receipts remained broadly unchanged in US dollar terms.
• EBITDA of £1.10 million (H1 2025: £1.15 million, previously reported as £1.2 million) and operating profit of £0.64 million (H1 2025: £0.70 million), reflecting a healthy operating margin of 27%.
• Profit before tax from continuing operations of £0.59 million (H1 2025: £0.66 million).
• Profit attributable to shareholders of £0.43 million (H1 2025: £0.52 million), resulting in an EPS of 0.20p (H1 2025: 0.23p) on a continuing basis.

Balance sheet

• Improved net cash position, with Coutts debt facility reducing to £0.58 million (H1 2025: £1.0 million).
• Cash balance increased to £1.18 million (H1 2025: £0.51 million).

Portfolio management and outlook

• Active management efforts focused on maximising monetisation potential of portfolio, including initiatives supporting improved workflows, catalogue discovery and metadata quality.
• Portfolio management strategy leveraging consumer appetite for well-curated archive content, including:

o Positive response to creation of new visual content for recordings by George McCrae and The Troggs, and ongoing development of Rock Star Interviews archive series.

o Release of a previously unheard 1969 interview with George Harrison, generating more than 65,000 views shortly after publication.

Strong demand for synchronisation opportunities:

o Placements secured for Point Classics catalogue in Tracker (CBS Television), Only Living Pickpocket in NY (feature film) and Peacock's The Copenhagen Test.

• Continuing favourable market backdrop with the global music industry in its eleventh consecutive year of growth, supporting the Company's model through digital distribution, streaming proliferation and increasing demand for music.
• Global recorded music revenues reached US$31.7 billion in 2025, marking a 6.4% year-on-year increase and the first time the market has surpassed US$30 billion (IFPI Global Music Report 2026).
• Paid streaming subscriptions grew by 8.8% over the previous year, with 837 million users globally, up from 752 million last year.
• Global music subscribers grew 10.1% in 2025 to 921.6 million - nearly double the 472.2 million recorded in 2020 (MIDiA Research).

Michael Infante, CEO said: "We continue to focus on the strengths of our high quality portfolio, which continues to deliver long duration, recurring revenues, in line with the Company's strategy. While currency movements - unfortunately outside our control - are impacting our reported revenue performance given that the majority of our income is in US dollars, the underlying performance of the business remains stable. Music IP's appeal as a non-correlated asset, combined with our progress in maximising value from our catalogues through active management, technology and audience development, means we can expect to deliver a performance that is in line with current expectations over the remainder of the year."

The six months ended 30 April 2026 have been characterised by stable underlying royalty income, strong cash generation and continued progress in strengthening the Group's financial position.

Our focus remains on maximising value from intellectual property assets through active management, audience development and the disciplined use of technology. While reported revenue was affected by adverse foreign exchange movements, the underlying performance of the portfolio remained resilient.

Revenue for the period was £2.34 million compared with £2.51 million in the corresponding period last year with Net revenue at £1.60 million compared with £1.70 million. The reduction was principally a result of the translation of US dollar income into sterling. The majority of One Media's revenues continue to be received in US dollars and as such, the weaker dollar compared to FY2025, reduced net revenues by approximately £0.1 million to £1.60 million.

As referenced above, a significant proportion of the reduction in reported revenue and net revenue during the period relates to foreign exchange movements outside our control, rather than the underlying performance of the Company's portfolio of carefully selected music rights.

During the six months to 30 April 2026, the Group received approximately US$1.95 million of net income compared with US$1.94 million during the corresponding period last year, demonstrating stable underlying royalty receipts.

EBITDA remained robust at £1.10 million while operating profit was £0.64 million, representing a healthy operating margin of 27% (H1 2025: 28%). Profit after tax from continuing operations was £0.43 million while total profit attributable to shareholders increased to £0.51 million (H1 2025: £0.19 million) following the disposal of TCAT at the end of 2024. Basic earnings per share on a continuing operations basis at 0.20p.

The Group continued to generate positive cashflow during the period and the Group's financial position continues to improve as reduced leverage and continued positive cash generation have further strengthened the balance sheet. The Company's cash balance increased to £1.18 million (H1 2025: £0.51 million) whilst the Coutts debt facility reduced to £0.58 million.

Portfolio management

Our strategy is focused on improving the discoverability, accessibility and monetisation of the Group's more than 400,000 music tracks and associated archive content.

Several areas of the catalogue performed particularly well during the period, including Point Classics, selected publishing assets, Carinco, Locomotive and a number of the catalogue acquisitions completed in recent years.

One of the most exciting aspects of the modern music industry is the trend for 'nostalgia' and the way consumers across generations continue to rediscover heritage recordings through new technologies and media formats - including social media, video on demand (VoD) and music streaming platforms (DSPs).

Historically, music discovery was driven by radio, television and physical retail. Today, discovery increasingly takes place through streaming platforms, YouTube, social media, short-form video, documentaries, synchronisation placements and archive content. For owners of intellectual property, this creates new opportunities to introduce established recordings to entirely new audiences, ultimately generating new listeners and royalties.

At One Media, we continue to invest time and resources into exploring how our archive content can be presented within this evolving landscape, while always respecting the authenticity of the original recordings.

During the period we expanded a number of initiatives designed to support catalogue discovery. These included the creation of new visual content surrounding recordings by George McCrae and The Troggs, together with the ongoing development of our Rock Star Interviews archive series.

Particularly encouraging was the release of a previously unheard 1969 interview with George Harrison. The interview generated more than 65,000 views shortly after publication and illustrates the continuing consumer appetite for well-curated archive content and its potential to generate engagement with the Group's wider catalogue.

Synchronisation also remains an important opportunity for revenue and discovery. During the period, the Group secured placements from the Point Classics catalogue in the CBS television series Tracker, the feature film Only Living Pickpocket in NY and Peacock's series The Copenhagen Test.

Such placements generate revenue while also introducing recordings to new audiences driving new fan engagement and subsequent streaming activity.

Artificial Intelligence and technology use

Technology is playing an increasingly important role in the management of music rights. The Group uses AI-assisted tools in a controlled operational capacity to support workflow efficiency, audience engagement, metadata enhancement, searchability and visual content creation. Our approach remains measured and responsible, seeking to use technology to improve how catalogues are organised and discovered. In this way, AI is helping us to manage our catalogues to maximise their monetisation potential.

The future value of music catalogues, we believe, will increasingly depend upon discoverability and accessibility. Technology, including AI, will play an increasingly important role in helping rights owners connect valuable recordings with new audiences while, crucially, preserving the integrity and authenticity of the original works.

Outlook

Against a supportive market backdrop where the global music market continues to grow at pace, the business is trading in line with management expectations and remains highly cash generative. Management remains focused on expanding audience reach, increasing catalogue monetisation opportunities and improving operational efficiencies through technology and data-led decision making.

Alongside our operational progress, the Board continues to evaluate opportunities to enhance shareholder value through active management of the Group's intellectual property assets, catalogue development and disciplined capital allocation.

The continued expansion of digital consumption, streaming, synchronisation and archive exploitation underpins our confidence in the enduring value of premium intellectual property rights. The Board remains focused on ensuring shareholders are well positioned to benefit from these opportunities, while preserving the financial discipline that has supported the Group's development to date.

On behalf of the Board, I would like to thank our shareholders, employees, advisers and commercial partners for their continued support and commitment.

Claire Blunt

Non-Executive Chairman

Unaudited Consolidated Statement of Comprehensive Income

For the six months ended 30 April 2026

Notes to the Interim Report

For the six months ended 30 April 2026

Nature of operations and general information

One Media iP Group Plc and its subsidiaries' ("the Group") principal activities are the acquisition and licensing of audio-visual intellectual copyrights and publishing for distribution through the digital medium and to a lesser extent through traditional media outlets.

One Media iP Group Plc is the Group's ultimate parent company incorporated under the Companies Act in England and Wales. The address of One Media iP Group Plc registered office is 623 East Props Building, Goldfinger Avenue, Pinewood Road, Iver Heath, Buckinghamshire, SL0 0NH.

The financial information set out in this Interim Report does not constitute statutory accounts. The Group's statutory financial statements for the year ended 31 October 2025 are available from the Group's website. The auditor's report on those financial statements was unqualified.

Accounting Policies

Basis of Preparation

These interim consolidated financial statements are for the six months ended 30 April 2026. They have been prepared following the recognition and measurement principles of IFRS. They do not include all the information required for full annual statements, and should be read in conjunction with the consolidated financial statements of the Group for the year ended 31 October 2025.

This unaudited interim statement has not been subject to a review by the Group's auditors James Cowper Kreston.

Comparatives

The comparative periods represent the unaudited results for the six months period ended 30 April 2025 and the audited twelve months figures for the year ended 31 October 2025.

Earnings per share

The calculation of the earnings per share is based on the profit for the financial period divided by the weighted average number of shares in issue during the period.

The diluted earnings per share would be lower than the basic earnings per share as the exercise of warrants and options would be dilutive.

Share capital

Interim statement

Copies of this statement are available from the Group's registered office at:

623 East Props Building, Goldfinger Avenue, Pinewood Road, Iver Heath, Buckinghamshire, SL0 0NH.

Caution regarding forward looking statements