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."