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 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 Insights - RedCloud Holdings plc announced a significant update to its RedAI trading platform, codenamed 'Genesis', with a customer launch expected in early 2026 [1][5] - The update aims to address a $2 trillion global inventory gap within the $14 billion FMCG supply chain by enhancing digital inventory exchange and market visibility [2][10] - The Genesis release will improve user experience by incorporating agentic conversational trade, visual recommendations, and predictive reporting, leveraging technology from NVIDIA and AWS [3][4] Company Overview - RedCloud operates the RedAI trading platform, which facilitates intelligent digital exchanges of FMCG products across supply chains, aiming to unlock key purchase and sales data [6][7] - The platform has transacted $3.6 billion in global FMCG trade, indicating its significant role in the market [3][10] Product Features and Benefits - The new unified experience from the Genesis release is designed to empower customers in inventory management and bulk trading decisions, providing a competitive advantage [4] - The platform will utilize advanced AI capabilities to simplify B2B purchases and inventory decisions, breaking down complex purchasing behaviors [7] Market Context - The FMCG market is projected to grow from $14.6 trillion in 2025 to $19.7 trillion by 2033, highlighting the potential for RedCloud's solutions in a rapidly expanding market [10] - The company aims to position itself as a leading AI trading partner for FMCG professionals, enhancing decision intelligence and algorithmic trading capabilities [4][5]