AGM Statement

PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, provides the following update ahead of the Company's Annual General Meeting to be held at 11.00 a.m. today.

The Board is pleased to report continued positive trading momentum to date in FY25. Demand for the Company's services remains strong with an increasing sales pipeline and more global, integrated partners than ever before. New business to the end of November 2024 is ahead of the same period in the prior year and in line with the Board's projections for new business sales for the current financial year.

Sales highlights in FY25 to date include a further example of a competitor displacement at a FTSE250 utility provider where PCI Pal was selected to provide its best-in-class cloud services to secure this customer's payment environments across its sizeable contact centre operation. We were also pleased to announce on 4 November 2024, the successful re-tender of one of the Company's largest customers, the UK Department for Work and Pensions.

With a strong balance sheet, growing sales pipeline, and high customer retention, the Group is well positioned to capitalise on the market opportunity ahead.