Announcement • Mar 28
GSTechnologies Ltd Announces Temporarily Suspension of All Crypto Asset Trading Services GSTechnologies Ltd. had announced the temporary suspension of the Company's crypto asset trading services with effect from April 15, 2026. On December 31, 2025 the Company announced that GS Fintech UAB's crypto asset trading platform had transitioned to operate under the VASP-registered entity Finferno Spólka Z Ograniczona Odpowiedzialnoscia in Poland. Whilst this can continue until June 30, 2026 the Company has determined that the Company's crypto asset trading activities should be aligned with the requirements of the EU Regulation on Markets in Crypto-Assets as soon as possible. Accordingly, with effect from April 15, 2026, Finferno will temporarily suspend all services relating to the trading of crypto assets. The suspension will remain in place until a MiCA licence is obtained. Finferno's Terms of Service will be updated in connection with the suspension and will take effect on the same date. Users of the platform are being informed and further announcements will be made in due course, as appropriate. New Risk • Mar 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£5.81m (US$7.74m) 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 (-US$4.8m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (UK£5.81m market cap, or US$7.74m). Minor Risk Revenue is less than US$5m (US$2.1m revenue). Reported Earnings • Dec 21
First half 2026 earnings released: EPS: US$0 (vs US$0 in 1H 2025) First half 2026 results: EPS: US$0 (in line with 1H 2025). Net loss: US$303.0k (loss widened US$257.0k from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year. New Risk • Dec 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-US$4.8m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risks Revenue is less than US$5m (US$2.1m revenue). Market cap is less than US$100m (UK£13.1m market cap, or US$17.6m). Announcement • Oct 18
GSTechnologies Ltd., Annual General Meeting, Nov 11, 2025 GSTechnologies Ltd., Annual General Meeting, Nov 11, 2025, at 11:00 Singapore Standard Time. Location: 6 raffles blvd, 003 308 marina square, 39594, Singapore Reported Earnings • Sep 16
Full year 2025 earnings released: US$0.001 loss per share (vs US$0.001 loss in FY 2024) Full year 2025 results: US$0.001 loss per share (in line with FY 2024). Net loss: US$2.20m (loss widened 78% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Announcement • Sep 13
GSTechnologies Ltd. (LSE:GST) entered into a legally binding sale and purchase agreement to acquire Metapay SP. Z.O.O. GSTechnologies Ltd. (LSE:GST) agreed to acquire Metapay SP. Z.O.O on March 31, 2025. Post-completion, it is the Company's intention that Metapay will be renamed as Angra Limited Z.O.O.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is expected to occur later in 2025. Brian Stockbridge and Gabrielle Cordeiro of First Sentinel Corporate Finance Limited acted as financial advisor to GSTechnologies Ltd. (LSE:GST). New Risk • Jul 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (US$3.5m revenue). Market cap is less than US$100m (UK£29.5m market cap, or US$39.5m). Announcement • Jul 09
GSTechnologies Ltd. has completed a Follow-on Equity Offering in the amount of £0.175 million. GSTechnologies Ltd. has completed a Follow-on Equity Offering in the amount of £0.175 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,583,333
Price\Range: £0.012 New Risk • Jul 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (US$3.5m revenue). Market cap is less than US$100m (UK£29.8m market cap, or US$40.6m). New Risk • Feb 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (US$3.5m revenue). Market cap is less than US$100m (UK£34.4m market cap, or US$43.5m). Announcement • Jan 20
GSTechnologies Ltd. has completed a Follow-on Equity Offering in the amount of £0.5 million. GSTechnologies Ltd. has completed a Follow-on Equity Offering in the amount of £0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,315,789
Price\Range: £0.019 Reported Earnings • Dec 18
First half 2025 earnings released: EPS: US$0 (vs US$0 in 1H 2024) First half 2025 results: EPS: US$0 (in line with 1H 2024). Revenue: US$2.23m (up US$1.98m from 1H 2024). Net loss: US$46.0k (loss narrowed 94% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Dec 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$2.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-US$2.8m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Revenue is less than US$5m (US$3.5m revenue). Market cap is less than US$100m (UK£32.1m market cap, or US$40.8m). Announcement • Sep 03
GSTechnologies Ltd., Annual General Meeting, Oct 03, 2024 GSTechnologies Ltd., Annual General Meeting, Oct 03, 2024, at 11:00 Singapore Standard Time. Location: 5th floor, international plaza, 10 anson road, 348574, Singapore Reported Earnings • Jul 25
Full year 2024 earnings released: US$0.64 loss per share (vs US$0.001 loss in FY 2023) Full year 2024 results: US$0.64 loss per share. Revenue: US$1.55m (up 251% from FY 2023). Net loss: US$1.21m (loss narrowed 1.6% from FY 2023). New Risk • Jul 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (UK£14.1m market cap, or US$18.1m). Announcement • Dec 07
GSTechnologies Ltd. (LSE:GST) entered into an agreement to acquire 66.67% stake in Semnet Pte. Ltd. from Choo Seet Ee and Zheng Kang Wen Mervyn for $1.8 million. GSTechnologies Ltd. (LSE:GST) entered into an agreement to acquire 66.67% stake in Semnet Pte. Ltd. from Choo Seet Ee and Zheng Kang Wen Mervyn for $1.8 million on December 6, 2023. CMC Markets acted as a broker in the transaction. VSA Capital Limited and IFC Advisory Limited acted as financial advisor to GSTechnologies Ltd. Announcement • Sep 23
GSTechnologies Ltd., Annual General Meeting, Oct 20, 2023 GSTechnologies Ltd., Annual General Meeting, Oct 20, 2023, at 10:00 Coordinated Universal Time. Location: 5th Floor, International Plaza, 10 Anson Road Singapore Singapore Announcement • Aug 17
GSTechnologies Ltd. (LSE:GST) completed the acquisition of Paypt Finance Ltd. GSTechnologies Ltd. (LSE:GST) entered into a legally binding sale and purchase agreement to acquire Paypt Finance Ltd on July 20, 2023. The acquisition is subject to approval by the Financial Transactions and Reports Analysis Centre of Canada ("FINTRAC"), the regulatory authority overseeing financial transactions in Canada. Subject to FINTRAC's approval of the change of control, the Group plans to rename PAYPT to Angra Global Ltd ("Angra Global"), signifying the Group's strategic intention for Angra's transformation into a B2B-focused Neobank. Simon Barton of VSA Capital Limited acted as financial advisor, CMC Markets acted as broker, Tim Metcalfe, Graham Herring of IFC Advisory Limited acted as Financial PR & Investor Relations advisor to GSTechnologies.
GSTechnologies Ltd. (LSE:GST) completed the acquisition of Paypt Finance Ltd on August 15, 2023. New Risk • Aug 01
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: US$443k This is considered a major risk. Companies with a small amount of revenue 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 (23% average weekly change). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m (US$443k revenue). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (UK£11.3m market cap, or US$14.5m). Reported Earnings • Jul 31
Full year 2023 earnings released: US$0.001 loss per share (vs US$0.001 loss in FY 2022) Full year 2023 results: US$0.001 loss per share (in line with FY 2022). Net loss: US$1.23m (loss narrowed 14% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. New Risk • Jun 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 52% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (US$4.0m revenue). Market cap is less than US$100m (UK£18.7m market cap, or US$23.8m). Announcement • Jun 15
GSTechnologies Limited Announces Resignation of Chong Loong Fatt Garies ("Garies Chong"), Non-Executive Director GSTechnologies Limited announced that Chong Loong Fatt Garies ("Garies Chong"), Non-executive Director, has resigned from the Board of the Company with immediate effect in order to focus on his other business endeavours. Announcement • May 18
GSTechnologies Ltd. has completed a Follow-on Equity Offering in the amount of £0.75 million. GSTechnologies Ltd. has completed a Follow-on Equity Offering in the amount of £0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,000,000
Price\Range: £0.01
Transaction Features: Subsequent Direct Listing Reported Earnings • Dec 21
First half 2023 earnings released: US$0.001 loss per share (vs US$0.001 loss in 1H 2022) First half 2023 results: US$0.001 loss per share (in line with 1H 2022). Revenue: US$1.85m (down 22% from 1H 2022). Net loss: US$1.15m (loss widened 5.4% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Executive Director Galvin Bai was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Full year 2022 earnings released: US$0.001 loss per share (vs US$0 in FY 2021) Full year 2022 results: US$0.001 loss per share (down from US$0 in FY 2021). Revenue: US$4.47m (up 31% from FY 2021). Net loss: US$1.43m (loss widened 192% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 83% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Executive Director Galvin Bai was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 23
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: US$0.001 loss per share (vs US$0.001 loss in 1H 2021). Revenue: US$2.35m (up 121% from 1H 2021). Net loss: US$1.09m (loss widened 95% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Announcement • Jan 28
GSTechnologies Ltd. Appoints Board of Directors GSTechnologies Limited announced the appointment of Mr. Bai GuoJin ("Jack Bai") and Mr. Tan Guan Han, Shayne ("Shayne Tan") as Executive Directors of the Company with immediate effect. Jack Bai has over 30 years' experience in software development for the financial and telecommunication industries. He is a successful technology entrepreneur, who has successfully built and exited multiple companies, including in fintech and payment solutions. Shayne Tan holds a Bachelor of Business Management Degree from Singapore Management University and has more than five years of sales, operations and management experience, primarily involving distributed ledger technology in growth stage companies. He is Chief Marketing Officer for, and a co-founder of, the Coalculus blockchain platform. Announcement • Dec 15
GSTechnologies Limited Wins Contract GSTechnologies Limited announced that its wholly owned Singapore based subsidiary, EMS Wiring Systems Pte Ltd, has secured a contract for the installation of an integrated security system in a Singapore data centre valued at approximately $1 million. Under the Contract EMS is providing two types of integrated security system, combining access control, alarms, intrusion detection, key management, RFID, Morphowave, intercom and video on to one unified platform. EMS is also providing the security and IT infrastructure connecting to both the systems. The Contract is anticipated to be completed by the end of first quarter of 2021. Announcement • Nov 06
EMS Wiring Systems Pte Ltd Obtains Grant Valued At Approximately USD 200,000 from Enterprise Singapore, to Develop A Prototype Liquid Film Cooling System for Use in Data Centres GSTechnologies Limited announced EMS Wiring Systems Pte Ltd. has obtained a grant valued at approximately USD 200,000 from Enterprise Singapore, to develop a prototype liquid film cooling system for use in data centres. The entire development is valued at approximately USD 1 million and will take about 12-18 months to complete. The liquid cooled method being utilised by EMS uses 3M Novec engineered fluids to cool server equipment that is housed in a custom-engineered chassis. The liquid-cooling solution uses significantly less energy than an air-cooled system, by as much as 60%, in a typical data centre setting. This will allow for significant cost savings, particularly for large scale data centres. EMS will be targeting this solution towards data center operators, cloud operators, governments and large enterprises who spend a significant amount on energy for such infrastructure. In Southeast Asia, in particular, due to the high ambient temperatures, significant issues are faced in providing air cooling for servers. Switching to a liquid cooled method eliminates the need for large and expensive chillers and reduces the amount of associated equipment, space and power required, while still providing more flexibility for housing the servers either inside or outside the conventional white space. By using EMS' liquid cooling method the Company believes it can help businesses manage the total cost of data centre and computing asset ownership by reducing the cost to provide and maintain a high degree of cooling efficiency. 