Core Insights - RedCloud Holdings plc announced record preliminary full-year 2025 results, with revenue reaching $53.7 million, exceeding previous guidance and reflecting a 15% year-over-year growth [2][3] - The company raised its 2026 revenue guidance by 20% to $120 million, driven by continued execution and expanding joint venture deployments [2][4] Financial Performance - Preliminary full-year 2025 revenue of $53.7 million surpassed management's guidance of $51–$53 million [2][3] - Total transaction value for 2025 grew by 31% to $3.2 billion, with cumulative platform trades amounting to $6.9 billion [3] Strategic and Operational Highlights - RedCloud operates six hubs serving nearly 67,000 businesses across Nigeria, South Africa, Brazil, Argentina, Saudi Arabia, and Türkiye by Q1 2026 [5] - The company is a member of NVIDIA Connect, enhancing its AI capabilities for demand forecasting, dynamic pricing, and inventory optimization [5] - The launch of RedAI's agentic trading capabilities is scheduled for February 2026, aimed at automating trading decisions [5] Market Context - The FMCG industry, valued at $14.6 trillion, still relies heavily on traditional methods like spreadsheets and phone calls, presenting a significant opportunity for RedCloud's algorithmic trading solutions [4][11] - RedCloud aims to address inefficiencies in global supply chains, which lose approximately $2 trillion annually [5]

Core Viewpoint - RedCloud Holdings plc has launched its Early Access Program for the RedAI Trading Co-Pilot, marking a significant transition from product development to real-world deployment in the global trade sector [1][2][6]. Group 1: Product Launch and Features - The Early Access Program, codenamed 'Genesis', allows select FMCG partners to test RedAI as a co-pilot before its public launch in February 2026 [2]. - RedAI aims to address inefficiencies in global FMCG supply chains, which move over $14.6 trillion annually, by closing a $2 trillion global inventory gap through enhanced decision-making capabilities [3]. - The platform utilizes proprietary trading datasets and historical data to provide predictive insights and actionable recommendations, facilitating faster and more informed trading decisions [4]. Group 2: Program Objectives and Partnerships - The Early Access Program will validate decision accuracy, workflow impact, and operational performance in live trading environments, with feedback from participants informing final product refinements [5]. - The development of RedAI is supported by partnerships with AWS and NVIDIA, leveraging advanced AI models and cloud services to enhance the platform's capabilities [5]. Group 3: Company Mission and Background - RedCloud's mission is to build an intelligence infrastructure for global trade, focusing on the aggregation of proprietary trading data to enhance market intelligence across the FMCG industry [7]. - The company, co-founded by Justin Floyd and Soumaya Hamzaoui, went public on the Nasdaq under the ticker "RCT" in March 2025 [8].

Core Insights - RedCloud Holdings plc will publish preliminary unaudited financial results for full-year 2025 on January 14, 2026, including updates on joint ventures and 2026 guidance [1][2] Company Overview - RedCloud aims to build an intelligent infrastructure for global trade through its RedAI platform, which aggregates proprietary trading and market data from the FMCG industry [3] - The company provides market intelligence and a 'trading layer' of products to facilitate the digital exchange of FMCG products across supply chains, supported by a payments and lending ecosystem [3] - RedCloud was co-founded by Justin Floyd and Soumaya Hamzaoui and went public on Nasdaq under the ticker "RCT" in March 2025 [4] Recent Developments - For FY2025, RedCloud reported strong performance with revenue guidance of $51–53 million and is targeting $100 million in revenue for 2026 [6] - The company secured an infrastructure license in Türkiye, expected to generate up to $5 million annually in license fees, with a minimum 10-year term and a 50% revenue share on transactional revenue [6] - A joint venture with Kayanat Holding was launched to enter Saudi Arabia's $60 billion FMCG market, aligning with the country's Vision 2030 initiative [6] - RedCloud has joined NVIDIA Connect to enhance its AI capabilities, accelerating platform performance and development [6] - The company has crossed $5.1 billion in cumulative trades, providing real-world data to train its algorithms [6]

Core Viewpoint - RedCloud Holdings PLC has exceeded management expectations in 2025, positioning the company for accelerated growth and expansion in 2026 [1] 2025 Performance - The company reaffirms its full-year revenue guidance of $51-53 million, marking its strongest year on record, driven by market expansion and increased platform adoption [2] - The signing of joint ventures, including a $50 million licensing and revenue share agreement for the Turkish market, provides a capital-light model for global expansion [2] 2026 Outlook - RedCloud targets $100 million in revenue for 2026, supported by growth in existing markets and contributions from joint ventures in Saudi Arabia and Turkey [4] Business Growth and Strategy - The company doubled its customer base in 2025 and signed joint ventures in two major Middle Eastern markets, alongside a partnership with NVIDIA [3] - In Q1 2026, RedCloud will operate six global hubs, serving nearly 70,000 businesses and aiming to nearly double revenues to $100 million [5] Technology Foundation and Roadmap - RedCloud joined NVIDIA Connect, enhancing the development of AI-native trading algorithms across its global hubs, enabling real-time demand forecasting and dynamic pricing optimization [5][7] - A major product release, RedAI, is expected in February 2026, featuring an agentic interface for better trading decisions based on proprietary data and market insights [6] Industry Positioning - RedCloud aims to build the intelligent infrastructure for global trade, similar to how Bloomberg and Google transformed financial markets and information, respectively [3][8] - The company focuses on the $50 trillion FMCG supply chain, providing a platform designed to scale beyond current capabilities [8]

Financial Data and Key Metrics Changes - The company reported a revenue of $17.9 million for the first half of 2025, an increase of approximately 12% compared to $16.1 million in the first half of 2024 [11] - Total transaction value increased by 28% to $1.2 billion over the same period last year [10] - The company reduced its transaction fee in H1 2025 to acquire higher volumes of data, which resulted in licensing deals [10] Business Line Data and Key Metrics Changes - The company experienced a decline of approximately $4 million in the Argentinian market compared to the same period last year, reflecting a strategic decision to reallocate capital to higher-return-generating opportunities [12] - Operations in Nigeria, the oldest and largest market, continued to drive significant revenue growth [11][29] Market Data and Key Metrics Changes - Nigeria remains the largest market, with expectations of continued growth due to its status as a trading hub for essential consumer goods [35][36] - The company is expanding into new markets, including Turkey and Saudi Arabia, with significant potential revenue streams identified [21][22] Company Strategy and Development Direction - The company aims to scale its operations aggressively using a capital-efficient de-risk expansion model, focusing on joint ventures with local partners [6][7] - A target of $100 million in revenue for 2026 has been set, driven by growth in existing markets and new joint ventures [11][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of Nigeria, citing its projected status as one of the largest economies by 2075 [35] - The company views capital as a tool for accelerating value creation and plans to evaluate capital markets opportunistically to support growth [17] Other Important Information - The company simplified its balance sheet by converting a large portion of shareholder loans to equity, reducing total liabilities from over $86 million to just over $21 million [11][15] - The company has entered into a revolving trade facility of up to GBP 2 million and issued nine million shares to raise $13.5 million [15] Q&A Session Summary Question: Addressable market for JVs and strategic impact - Management discussed the attractiveness of Turkey as a market due to its historical trading significance and potential for revenue growth [20][21] Question: Transaction volume trends and distributor reactions - Management indicated that transaction volumes are expected to increase significantly in the second half of 2025, driven by reduced fees and improved data acquisition [26] Question: Performance in core geographies - Nigeria and South Africa are performing well, while Argentina has seen a strategic pullback [29] Question: Future market expectations and economic trends in Nigeria - Management highlighted Nigeria's potential as a trading hub and its growing consumer population as key factors for confidence in future revenue [35][36] Question: Joint venture partner details and revenue model - The joint venture in Turkey is with Pro Raba Limited, led by a significant figure in the Turkish industry, and the revenue model includes a minimum licensing fee and revenue sharing [58][63] Question: Break-even expectations - Management expects to reach break-even in Q2 of 2026, prioritizing investments in joint ventures [81]

Financial Data and Key Metrics Changes - The company reported a revenue of $17.9 million for the first half of 2025, a 12% increase from $16.1 million in the same period of 2024 [10][11] - Total transaction value increased by 28% to $1.2 billion compared to the previous year [10] - The company reduced its transaction fee to acquire higher volumes of data, which contributed to the growth in licensing deals [10][11] - Total liabilities decreased significantly from $86 million to just over $21 million due to the conversion of shareholder loans to equity [11][15] Business Line Data and Key Metrics Changes - The company experienced a decline of approximately $4 million in the Argentinian market, reflecting a strategic decision to reallocate capital to higher-return opportunities [12] - Nigeria remains the largest market, contributing significantly to revenue growth, while South Africa is also performing well [29] Market Data and Key Metrics Changes - The company operates in Nigeria, South Africa, Argentina, and Brazil, with plans for aggressive expansion into new markets [6][12] - The Turkish market was highlighted as a new opportunity with a 10-year licensing agreement worth up to $50 million [7][21] Company Strategy and Development Direction - The company aims to scale its operations and is targeting $100 million in revenue for 2026, driven by growth in existing markets and new joint ventures [11][17] - The strategy includes forming joint ventures with local partners to minimize capital outlay while leveraging their market knowledge [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of Nigeria, citing its projected status as one of the largest economies by 2075 [35][36] - The company is focused on building intelligent infrastructure for supply chains, which is seen as a critical need in the FMCG industry [24][93] Other Important Information - The company has strengthened its leadership team by hiring a new CFO and a Chief Strategy Officer [8] - The company plans to manage liquidity carefully and evaluate capital markets opportunistically to support growth [11][17] Q&A Session Summary Question: Addressable market for JVs and strategic benefits - Management discussed the attractiveness of the Turkish market due to its historical trading significance and potential for expansion into adjacent markets [20][21] Question: Transaction volume trends and distributor reactions - Management noted that transaction volumes are expected to increase significantly in the second half of 2025, driven by reduced fees and improved data acquisition [25][26] Question: Performance in core geographies - Nigeria continues to perform well, while Argentina has seen a strategic pullback; South Africa and Brazil are also expected to contribute positively [29][57] Question: Future market opportunities - Management highlighted Nigeria and Saudi Arabia as key markets for growth, with significant consumer demand and supply chain challenges [35][36][70] Question: Joint venture partner details - The Turkish JV partner is ProRaba Limited, led by a former Treasury Minister, which brings significant industry connections [58][60] Question: Revenue model for joint ventures - The revenue model includes a minimum licensing fee and a 50/50 revenue share from joint venture operations [63][70] Question: Break-even expectations - The company plans to achieve break-even in Q2 of 2026, prioritizing investments in joint ventures [81]

Financial Data and Key Metrics Changes - The company reported a revenue of $17.9 million for H1 2025, a 12% increase from $16.1 million in H1 2024, driven by a 28% increase in total transaction value to $1.2 billion [10][11] - Total liabilities were reduced from over $86 million at year-end to just over $21 million as of June 30, 2025, due to the conversion of shareholder loans to equity [11][15] - The company is targeting a revenue of $100 million for 2026, indicating a strong growth outlook [7][11] Business Line Data and Key Metrics Changes - The company experienced a decline of approximately $4 million in the Argentinian market compared to the same period last year, reflecting a strategic decision to reallocate capital to higher-return opportunities [12] - Expenses for H1 2025 totaled $38 million, up from $32.6 million in the prior year, with significant increases in salaries and benefits due to investments in product engineering and commercial roles [12][13] Market Data and Key Metrics Changes - Nigeria remains the largest market, contributing significantly to revenue growth, while South Africa is also performing well [26][37] - Argentina's performance has declined, prompting a shift in strategy towards joint ventures [12][26] Company Strategy and Development Direction - The company is focusing on a capital-light expansion model through joint ventures, allowing for aggressive scaling with minimal capital deployment [5][6] - A recent 10-year licensing agreement in Turkey is expected to generate up to $50 million in recurring revenues, showcasing the scalability of the business model [6][7] - The company plans to enter new markets, including Saudi Arabia and Türkiye, leveraging local partnerships to mitigate risks [5][6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of Nigeria, citing its position as a trading hub and the increasing demand for essential consumer goods [35][36] - The company anticipates that the FMCG industry will increasingly rely on intelligent infrastructure, positioning itself as a key player in this transition [24][36] Other Important Information - The company has strengthened its leadership team by appointing a new CFO and Chief Strategy Officer to support its growth initiatives [8] - The company is managing liquidity effectively and is comfortable with its near-term capital position, planning to evaluate capital markets opportunistically [11][17] Q&A Session Summary Question: Addressable market for JVs in Turkey and strategic benefits - Management highlighted Turkey's historical significance as a trading hub and the potential for significant revenue streams from the JV [20][21] Question: Trends in transaction volume and marketing commissions - Management noted that transaction volume is expected to increase significantly in the second half of the year, with a focus on data acquisition [25][26] Question: Compelling markets for 2026 and Nigeria's economic trends - Nigeria is expected to remain a key market due to its growing economy and essential goods demand, with management confident in its revenue outlook [35][36] Question: Joint venture partner details in Turkey - The JV partner in Turkey is ProRaba Limited, led by a former Treasury Minister, which has strong relationships in the FMCG sector [59][60] Question: Revenue model for joint ventures - The revenue model includes a minimum licensing fee and a 50/50 revenue share from the JV operations [64][70] Question: Break-even expectations - Management plans to achieve break-even in Q2 2026, prioritizing investments in joint ventures [80]

Core Insights - RedCloud Holdings plc reported a 28% year-over-year growth in Total Transaction Value (TTV) for H1 2025, reaching $1.2 billion, and a 12% increase in revenue to $17.9 million [1][6] - The company anticipates full-year revenue between $51 million and $53 million for 2025, with a target of $100 million for 2026 [2][7] Financial Highlights - Revenue for H1 2025 was $17.9 million, up 12% year-over-year [6] - Total Transaction Value reached $1.2 billion, reflecting a 28% increase year-over-year [6] - Cumulative trades amounted to $5.1 billion, contributing to AI training [6] - Total liabilities decreased significantly to $21.4 million from $86.3 million [6] Strategic Highlights - RedCloud signed an infrastructure license in Turkey, expected to generate up to $5 million annually in license fees, with a minimum 10-year term and a 50% revenue share on transactional revenue [6] - The company launched a joint venture in Saudi Arabia, entering the $60 billion FMCG market, aligned with Vision 2030 [6] - RedCloud joined NVIDIA's partner program to enhance AI-native infrastructure development [6] Balance Sheet Strengthening - $66.9 million of shareholder loans were converted to equity, and all $22.6 million of convertible debt was eliminated [6] - An additional $13.5 million in equity was raised in July, along with $3.1 million from option exercises [6] - A new £2 million revolving credit facility was secured [6]

Core Insights - RedCloud Holdings plc has signed a joint venture to deploy its RedAI platform in Türkiye, with a minimum contract value of $5 million per year over ten years, targeting the $166 billion Fast Moving Consumer Goods (FMCG) market [1][12] - The Turkish FMCG market is estimated to have a $22 billion inventory gap due to systemic inefficiencies and outdated practices [2][12] - The joint venture aims to enhance supply chain efficiency and economic growth in Türkiye by leveraging AI technology [4][5] Company Overview - RedCloud's mission is to build intelligent infrastructure for global trade through its RedAI platform, which aggregates proprietary trading and market data [9] - The company reported a full-year 2024 revenue of $46.5 million, reflecting a 135% year-over-year growth, with a Total Transaction Value (TTV) of $2.5 billion processed [5] - RedCloud's platform traded 184,731 products from 6,765 FMCG brands across high-growth markets, serving various retail and hospitality sectors [6] Market Position - The joint venture in Türkiye follows a similar partnership in Saudi Arabia, indicating RedCloud's strategy to scale its AI-powered trading technology globally [4] - RedCloud Türkiye will be headquartered in Istanbul and is expected to launch operations in Q1 2026 [3] - The company aims to provide improved supply chain insights to retailers and critical market data to manufacturers and distributors, enhancing overall market performance [4]

Core Viewpoint - RedCloud Holdings plc has appointed Magdalena Gonzalez as Chief Financial Officer, effective January 5, 2026, to enhance its financial strategy and support the expansion of the RedAI trading platform [1][2]. Company Overview - RedCloud is focused on building an intelligent foundation for global trade, specifically addressing a $2 trillion inventory crisis within the $14.6 trillion global trade industry [4][5]. - The RedAI trading platform aims to optimize inventory flow and improve algorithmic trading decisions across the supply chain [4][6]. Appointment of CFO - Magdalena Gonzalez brings over twenty years of financial expertise, having previously served as finance director and CFO at Monex Europe Holdings Ltd. [3]. - Her role will be crucial in overseeing RedCloud's financial strategy and ensuring seamless integration of financial oversight into the company's strategic planning [2][4]. Operational Momentum - RedCloud has processed over $3.6 billion in transactions and doubled its customer base year-on-year during the first half of 2025 [2]. - The company has also announced its first joint venture in Saudi Arabia, indicating significant operational growth [2]. Market Opportunity - The company is positioned to seize a $2 trillion market opportunity by addressing inefficiencies in inventory management within the global trade sector [4]. - RedCloud's vision is to transform the global trade landscape by providing data-driven insights that enhance B2B purchasing and inventory decisions [5][7].