Ankündigung • May 15
Tap Global Group plc Announces Tap Earn Now Live in Uk Tap Global Group plc announced that Tap Earn - the Group's yield product offering customers competitive variable yields on eligible cryptocurrency and stablecoin holdings - is now available to eligible customers in the United Kingdom, following completion of the relevant final approvals. As announced on 7 May 2026, Tap Earn offers variable customer-facing yields of up to 7.0% on supported stablecoins, up to 3.5% on Ethereum and up to 2.5% on Bitcoin, with flex-only withdrawals (no lockups, no notice periods and no early-withdrawal penalties), fully integrated within the existing Tap mobile application. With availability in the United Kingdom, Tap Earn is now live across all the Group's markets. A separate trading update covering early-access performance metrics for Tap Earn (including customers, assets under management and annualised revenue run-rate to the Group) is expected to follow in due course, as previously indicated. Tap Earn is a high-risk product for customers and creates specific financial, operational and reputational risks for the Group itself. Customer-facing yields are variable, are not guaranteed and may at any time be reduced (including to zero). Digital asset prices can fall significantly and a customer's overall position may lose value notwithstanding any yield received. Tap Earn is not a bank deposit and is not protected by the Financial Services Compensation Scheme ("FSCS") or any equivalent deposit guarantee scheme in any jurisdiction in which it is offered. Customers may lose some or all of their holdings. Access to funds may be restricted in periods of market stress under the Group's pre-defined operational liquidity framework, with withdrawals potentially queued on a rules-based basis. The full risk disclosures applicable to Tap Earn - including spread compression and yield-environment risk, counterparty default risk, liquidity and withdrawal-stress risk, operational and technology risk, regulatory and enforcement risk, reputational and franchise risk, concentration risk, and litigation and customer-claim risk - are set out in the Group's announcement of 7 May 2026 and should be read together with the risk factors in the Group's most recent annual report and interim results. This announcement and the product information referred to herein do not constitute financial advice or a personal recommendation. Customers should consider their own circumstances and, where appropriate, seek independent advice before depositing. New Risk • Apr 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.26m (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.6m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 59% per year over the past 5 years. Market cap is less than US$10m (UK£7.26m market cap, or US$9.81m). Minor Risk Revenue is less than US$5m (UK£3.4m revenue, or US$4.5m). Reported Earnings • Apr 06
First half 2026 earnings released: UK£0.001 loss per share (vs UK£0 in 1H 2025) First half 2026 results: UK£0.001 loss per share (further deteriorated from UK£0 in 1H 2025). Revenue: UK£1.67m (down 6.9% from 1H 2025). Net loss: UK£504.0k (loss widened UK£495.4k from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 05
Tap Global Group plc Announces Dismissal of Claims Tap Global Group plc announced that the High Court of Justice Business and Property Courts of England and Wales has dismissed all claims (as disclosed in the Company's AIM Admission Document) brought by John and Daniel Nwikpo against Tap N Go Limited and Arsen Torosian, the Company's Chief Executive Officer. The Company was not a party to the proceedings as the High Court had already granted summary judgment in 2024 dismissing the Company from the proceedings entirely. Reported Earnings • Jan 03
Full year 2025 earnings released: UK£0.008 loss per share (vs UK£0.026 loss in FY 2024) Full year 2025 results: UK£0.008 loss per share (improved from UK£0.026 loss in FY 2024). Revenue: UK£3.48m (up 32% from FY 2024). Net loss: UK£5.71m (loss narrowed 69% from FY 2024). Ankündigung • Nov 11
Tap Global Group Plc Provides Earnings Guidance for the First Quarter Ended September 2025 Tap Global Group Plc provided earnings guidance for the first quarter ended September 2025. For the quarter, Unaudited revenues for the period are expected to be £991,000, representing year-on-year growth of 40.3% compared to the prior year period (Q1 FY25: £706,194). This performance demonstrates accelerating momentum, representing sequential quarter-on-quarter growth of approximately 30% compared to the final quarter of the previous financial year (Apr-May-Jun 2025). Ankündigung • Oct 22
Tap Global Group plc Announces the Launch of Its Bitcoin Treasury as a Service Tap Global Group plc announced the launch of its Bitcoin Treasury as a Service ("BTaaS"), a comprehensive, institutional-grade platform designed for publicly listed companies adopting Bitcoin as a primary treasury reserve asset. This new service caters to the growing number of publicly listed companies, both in the UK and globally, implementing Bitcoin-centric treasury strategies. Tap's BTaaS platform provides a unified solution to the significant operational, security, and execution challenges that companies face when allocating capital to digital assets. The BTaaS platform offers corporate clients a complete, end-to-end solution, featuring: Global liquidity: The platform leverages Tap's proprietary middleware to aggregate liquidity from multiple leading exchanges, ensuring clients receive optimal pricing for large-volume trades, thereby minimising market impact. Seamless fiat-to-crypto conversion: Utilising dedicated GBP and EUR accounts, the service offers efficient and reliable conversion of fiat currency for Bitcoin acquisition and liquidation, streamlining the entire treasury management process. Comprehensive reporting: The platform provides detailed reporting suitable for corporate accounting, auditing, and the generation of regulatory disclosures required of publicly listed companies. One of the largest Bitcoin treasury holders among UK publicly listed companies has been testing and utilising Tap's platform over the past three months to execute the majority of its Bitcoin treasury acquisitions. The BTaaS platform was originally developed as a bespoke project specifically built to meet the exacting requirements of this major corporate client. Following successful testing and substantial transaction volumes executed through the system, Tap is now rolling out this proven, institutional-grade solution to the broader market. This strategic client engagement directly validated the market need for a dedicated institutional service, with the client's operational requirements shaping the development of the BTaaS platform. The successful execution of substantial Bitcoin purchases demonstrates Tap's ability to handle large-scale corporate treasury operations and provides immediate proof of concept for the BTaaS offering. Ankündigung • Oct 19
Tap Global Group plc Announces Appointment of Manuel De Luque Muntaner as Non-Executive Chair of the Board, Effective 17 October 2025 Tap Global Group Plc announced the appointment of Manuel De Luque Muntaner as Non-Executive Chair of the Board with immediate effect. Manuel replaces Peter Wall who, as announced on 22 July 2025, has now resigned as a director of the Company to pursue a full-time position within the Government of Canada. Manuel has over 30 years' experience across investment management, banking, and digital assets, including with Citi, Lloyds Bank, and Credit Suisse. He has a track record of building regulated investment structures, scaling funds, and guiding investors through complex markets. As Founder & CEO of Block Asset Management, he launched the world's first Blockchain & Digital Assets Fund of Funds (2017), pioneering institutional access to crypto. Under his leadership, the firm has structured multi-jurisdictional funds, established tier-one custody and compliance frameworks, and built diversified portfolios across leading blockchain managers. Manuel's career spans traditional finance and emerging technologies from private banking and asset allocation to digital asset fund design and institutional onboarding. This dual perspective enables him to bridge governance, compliance, and innovation. He regularly contributes as a board member, advisor, and speaker, helping firms, family offices, and institutions evaluate blockchain opportunities, manage risk, and align with evolving regulation. Manuel will lead the Board in providing strategic oversight as the business scales, ensuring robust governance frameworks and compliance standards are maintained across the Company's multi-jurisdictional operations. He will support management in evaluating growth opportunities, drawing on his extensive experience in both traditional finance and digital assets, and his unique perspective as an active blockchain fund manager with visibility into emerging industry trends and innovations. Manuel will facilitate introductions and relationships that support the Company's strategic objectives and help elevate Tap Group's profile among institutional investors, family offices, and the broader financial services community. Manuel Ernesto De Luque Muntaner (aged 55) holds or has held the following directorships or partnership in the past 5 years: Current Directorships /Partnerships: Bam Digital Assets Sicav Plc. Blockchain Innovation Group Ltd. Big Management Ltd. Block Asset Management Sarl. M&M Ventures Ltd. Roma Corporation. Oxford Institutional Investment Advisors Corp. Former Directorships /Partnerships within last 5 years: Wealthics Global Partners Ltd. llr Technologies Ltd. llr Ltd. ntech Consulting Ltd. New Risk • Oct 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 89% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Revenue is less than US$5m (UK£3.2m revenue, or US$4.2m). Market cap is less than US$100m (UK£15.6m market cap, or US$20.7m). New Risk • Aug 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.43m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 89% per year over the past 5 years. Market cap is less than US$10m (UK£7.43m market cap, or US$9.87m). Minor Risk Revenue is less than US$5m (UK£3.2m revenue, or US$4.2m). Ankündigung • Mar 28
Tap Global Group Plc Provides Revenue Guidance for Third Quarter Ending March 2025 Tap Global Group Plc provided revenue guidance for third quarter ending March 2025. Revenues in the third quarter of the current financial year (Jan-Feb-Mar 2025) are estimated to be approximately £920,000, exceeding the equivalent period last year by 21%, and placing Tap Group on course to deliver its first EBITDA positive full year. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 94% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (UK£2.6m revenue, or US$3.4m). Market cap is less than US$100m (UK£11.4m market cap, or US$14.8m). Reported Earnings • Dec 22
Full year 2024 earnings released: EPS: UK£0 (vs UK£0.002 loss in FY 2023) Full year 2024 results: EPS: UK£0. Revenue: UK£2.65m (up 31% from FY 2023). Net loss: UK£18.2m (loss widened UK£17.1m from FY 2023). Ankündigung • Dec 20
Tap Global Group Plc, Annual General Meeting, Feb 03, 2025 Tap Global Group Plc, Annual General Meeting, Feb 03, 2025. Location: the offices of shakespeare martineau llp, 60 gracechurch st, ec3v 0hr, london United Kingdom Ankündigung • Dec 18
Tap Global Group Plc Announces Introduction of XTP Token Locking Feature, UK Tap Global Group Plc announced the introduction of its XTP token locking feature for UK customers following a comprehensive regulatory review. This is further to the commercial agreement with Tap N Go that launched the XTP Cashback Programme, announced on 1 July 2024. The feature allows customers to lock their XTP tokens for a 12-month period, demonstrating their long-term commitment to the Tap ecosystem while enhancing token stability through reduced circulating supply. Customers participating in the locking programme will receive various platform benefits, including: Priority customer service access; Reduced trading fees on cryptocurrency transactions; Enhanced transaction limits; Preferential foreign currency transaction rates; Rewards on Tap Global Mastercard transactions. The introduction follows detailed regulatory analysis and legal review to ensure compliance with UK financial promotion regulations. Ankündigung • Nov 15
Tap Global Group plc Announces Board Appointments Tap Global Group Plc intended to appoint Peter Wall as Non-Executive Chairman of the Company, subject to satisfactory due diligence checks being completed. Peter is a seasoned executive with extensive experience in scaling early-stage tech companies. Formerly the CEO of Argo Blockchain plc, he successfully led the company through a period of rapid growth, including a public listing on Nasdaq following its initial success on the London Stock Exchange. In his new role with Tap Group, Peter will focus on building high-performing teams and positioning the Company as an attractive investment proposition, underpinned by accelerated business growth, improving operational efficiencies, and stronger investor engagement. John Taylor, Non-Executive Director, will assume the role of Interim Chairman whilst regulatory due diligence is being completed on Peter. New Risk • Oct 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 70% per year over the past 5 years. Shareholders have been substantially diluted in the past year (305% increase in shares outstanding). Market cap is less than US$10m (UK£4.85m market cap, or US$6.34m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Revenue is less than US$5m (UK£3.3m revenue, or US$4.3m). New Risk • Sep 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.0m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 70% per year over the past 5 years. Shareholders have been substantially diluted in the past year (305% increase in shares outstanding). Market cap is less than US$10m (UK£6.59m market cap, or US$8.64m). Minor Risk Revenue is less than US$5m (UK£3.3m revenue, or US$4.3m). New Risk • Apr 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.63m (US$9.50m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.0m free cash flow). Earnings have declined by 70% per year over the past 5 years. Shareholders have been substantially diluted in the past year (305% increase in shares outstanding). Market cap is less than US$10m (UK£7.63m market cap, or US$9.50m). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Revenue is less than US$5m (UK£3.3m revenue, or US$4.1m). Reported Earnings • Mar 31
First half 2024 earnings released: UK£0.001 loss per share (vs UK£0 in 1H 2023) First half 2024 results: UK£0.001 loss per share (further deteriorated from UK£0 in 1H 2023). Revenue: UK£1.29m (up UK£1.25m from 1H 2023). Net loss: UK£995.5k (loss widened 233% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 22
Tap Global Group Plc Announces CEO Changes Tap Global Group Plc announced that Arsen Torosian has been appointed as Chief Executive Officer with immediate effect. The appointment follows the resignation of David Carr as Chief Executive Officer and as a Director of the Company. Mr. Torosian is a fintech entrepreneur and early adopter of cryptocurrencies who co-founded Tap Global Limited. He remains the largest shareholder of Tap Group and has been overseeing technology enhancement and international expansion in his previous role as Chief Strategy Officer. The resignation of Mr. Carr has given the Company the opportunity to streamline the structure of the Tap Group Board (“PLC Board”) which will provide governance oversight and direction to the Tap executive management (“Operating Board”). The Operating Board will continue to report to the PLC Board. Once all the changes have taken effect, the PLC Board will comprise David Hunter as Non-Executive Chairman, John Taylor as Non-Executive Director, and Mr. Torosian as Chief Executive Officer who, combined, have extensive experience in financial services, listed businesses and fintech. Ankündigung • Feb 04
Tap Global Group Plc, Annual General Meeting, Feb 27, 2024 Tap Global Group Plc, Annual General Meeting, Feb 27, 2024, at 10:00 Coordinated Universal Time. Location: offices of Shakespeare Martineau LLP, 60 Gracechurch St, London, EC3V 0HR London United Kingdom New Risk • Jan 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 305% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£2.0m free cash flow). Earnings have declined by 56% per year over the past 5 years. Shareholders have been substantially diluted in the past year (305% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Revenue is less than US$5m (UK£2.0m revenue, or US$2.5m). Market cap is less than US$100m (UK£13.5m market cap, or US$17.1m). Ankündigung • Dec 22
Tap Global Group Plc to Report Fiscal Year 2023 Results on Dec 28, 2023 Tap Global Group Plc announced that they will report fiscal year 2023 results on Dec 28, 2023 New Risk • Oct 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (UK£90k revenue, or US$110k). Market cap is less than US$10m (UK£3.94m market cap, or US$4.82m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (9.4% average weekly change). Ankündigung • May 23
Tap Global Group Plc Appoints David Hunter as Non-Executive Chairman Tap Global Group Plc announced the appointment of David Hunter as Non-Executive Chairman with effect from 1 June 2023. Current Non-Executive Chairman, John Taylor, will remain on the Company’s board as a Non-Executive Director. David is an experienced executive with a track record of building and leading disruptive financial services businesses into profitability and sustained growth. Becoming Director of BT’s ePayments division in 2002, he possesses over 20 years of senior and executive experience in financial services and payments. Throughout his career, David has placed a strong emphasis on innovation, regulatory compliance and commercial growth. After seven years at BT, latterly as Managing Director of Click and Buy Europe, in 2008 David became CEO of Paysafecard UK. In 2010, he became CEO of e-payments business, Ukash overseeing its pivot to profitability, four consecutive Queen’s Enterprise Awards and its eventual sale to international private equity business, CVC Partners. Following the sale, David served as Chairman of several high-growth financial services businesses, including regulatory technology start-up W2 and Banking-as-a-Service platform, Pannovate. David has spent nearly 10 years on the board of The Payments Association, most recently as Chairman. At Tap, David will work alongside the board and directly with David Carr, Group CEO, Arsen Torosian, Group CSO and Kriya Patel, CEO designate of Tap Global Limited to oversee the business to profitability and sustainable growth, building on the Company’s momentum since listing both in terms of user growth and breadth of offering. He will also sit on the Remuneration and Audit Committees. Ankündigung • May 12
Tap Global Group plc Appoints Kriyakant Patel as Chief Executive Officer Tap Global Group Plc has appointed Kriyakant Patel as Chief Executive Officer. He has held senior and executive leadership positions across payments, e-money, and financial technology businesses, including as Chief Operating Officer of Newcastle Card Solutions, Advisory Board Member of The Payments Association, Chair of the Gibraltar E-Money Association and, most recently, as Chief Executive Officer of Transact Payments Limited for nine years. Board Change • Jan 11
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman John Taylor is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Dec 16
Quetzal Capital PLC, Annual General Meeting, Jan 09, 2023 Quetzal Capital PLC, Annual General Meeting, Jan 09, 2023, at 10:00 Coordinated Universal Time. Location: Peterhouse Capital, 3rd Floor, 80 Cheapside London United Kingdom Board Change • Apr 27
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman John Taylor is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.