Core Viewpoint - PayPoint Plc anticipates a record financial performance for FY26, with a significant business reorganization aimed at enhancing operational efficiency and growth opportunities across four business units [3][25]. Financial Performance - The Group expects to deliver a record financial performance for FY26, aligning with expectations, and has executed a share buyback program, purchasing 3,957,613 shares for £23.8 million [3]. - The Group aims to reduce its issued share capital by approximately 30% by FY28, having already reduced it by about 15% in the current year [3][29]. - Over £90 million will be returned to shareholders in FY26 through share buybacks and dividends [29]. Business Reorganization - The Board has decided to reorganize the business into four units: Network Services, Digital Payments and Open Banking, Love2shop, and Merchant Services, to create a more integrated and transparent structure [4][5]. - This reorganization is expected to enhance focus on growth opportunities, improve accountability, and unlock cost savings [5][25]. - Each business unit will have clearly defined financial metrics and KPIs, providing investors with better insights [7]. Business Units Overview 1. **Network Services** - Estimated FY26 net revenue of £91.3 million, focusing on supporting over 30,000 convenience stores and enhancing service delivery [7][8]. - Strategy to improve network performance through better compliance and service delivery [9][10]. 2. **Digital Payments and Open Banking** - Estimated FY26 net revenue of £13.4 million, aiming to unify product development and accelerate new business wins [12][13]. 3. **Love2shop** - Estimated FY26 net revenue of £53.2 million, with a focus on enhancing technology and product capabilities since its acquisition in 2023 [14][15]. - Plans to leverage AI for improved marketing insights and expand distribution channels [16]. 4. **Merchant Services** - Estimated FY26 net revenue of £31.5 million, with a strategy to adapt to competitive market changes and improve merchant retention [19][20]. - Focus on high-value segments and partnerships to drive growth in Merchant Rentals and Business Finance [23][24]. FY27 Outlook - The reorganization is expected to drive significant changes in FY27, positioning PayPoint to prioritize resources for long-term growth despite market challenges [25][26]. - The outlook indicates a balanced approach between growth, cost efficiency, and recent trends in certain business units, suggesting potential for exceeding FY26 profits [27]. Future Announcements - Preliminary results for FY26 will be announced on 11 June 2026, along with further details on the reorganization and strategy [30].

Core Viewpoint - The restatement of the 2025 quarterly series has no impact on the Group's published results and is aimed at aligning the analytical breakdown of business lines and divisions with the financial statements starting from January 1, 2026 [2]. Group and Business Line Reorganization - The Global Capital Markets (GCM) within Corporate and Institutional Banking (CIB) has been reorganized, with no impact at the CIB level, involving an intra-division transfer of Profit & Loss (P&L) and Risk-Weighted Assets (RWAs) of approximately €12 billion from Global Markets (GM) to Global Banking (GB) [2][3]. - The revenue sharing between GB and GM has evolved to align across three regions, resulting in a limited net impact of approximately €0.1 billion on total revenues for both businesses [3]. Wealth Management and Internal Distribution Networks - The revenue sharing agreement between Wealth Management (WM) and Commercial Banking (CPBS) has been updated, resulting in an impact of €17 million at the revenue level to better reflect the contribution of internal distribution networks [4]. - The contribution from Kantox has been fully transferred to GM, leading to an impact of €11 million at the revenue level, as it was previously shared equally between GM and New Digital Businesses (NDB) [5]. Integration of AXA Investment Managers - Following the acquisition of AXA IM by BNP Paribas Group, the Asset Management (AM) business line now includes former BNP Paribas Asset Management, AXA IM, and Real Estate Investment Management, resulting in an impact of €8 million at the costs level due to the reallocation of central costs [6][7]. - A share of central costs previously allocated to other business lines is now allocated to the AM business line as a result of the full integration of AXA IM [7].

Group 1 - Deloitte is preparing to reduce its workforce in the UK due to a downturn in demand for consulting services, with a review of internal services teams potentially leading to job cuts, especially in business development and marketing roles [1][2] - The company is reorganising its structure, consolidating from five major business divisions to four as part of a major reorganisation initiated in 2024 [1][2] - Despite potential job cuts, Deloitte partners in the UK and Switzerland are receiving an average 4% salary increase, with compensation expected to reach £1.05m ($1.4m), up from £1.01m the previous year [2] Group 2 - Overall revenue for Deloitte decreased by 1% to £5.68bn from £5.75bn the previous year, with a 10% decline in revenue for its tech consulting business, totalling £1.67bn in 2025 [3] - The audit and assurance business saw a growth of 3% to £969m, while the tax and legal unit revenue grew by 7% to £1.33bn, and the strategy, risk, and transactions business increased by 3% to £901m [3] - Deloitte has made significant investments in its workforce, including over 3,160 new hires, more than 5,500 promotions, and £317m invested in rewards and learning [4] Group 3 - The firm is considering workforce reductions in Aberdeen, but has indicated that only an "extremely small number" of local roles may be impacted by the ongoing review of its UK internal services teams [5]