19 November 2024

Fonix plc

("Fonix" or the "Company")

AGM Statement

Positive start to new financial year in line with expectations

Fonix, the mobile payments and messaging provider, is pleased to provide the following update ahead of the Company's Annual General Meeting ("AGM"), to be held at 9:00a.m. today.

Fonix has had a positive start to the financial year, in line with expectations, across both the UK and Ireland. At the same time, the Company is progressing well with its plans to roll out interactive services with a number of broadcasters in Portugal in early 2025.

With high levels of repeating revenue and a strong run-rate from key clients, the Board continues to be confident in the growth potential for Fonix for the rest of the financial year and beyond.

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About Fonix

Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce.

When consumers make payments, they are charged to their mobile phone bill. This service can be used for ticketing, content, cash deposits and donations. Fonix's service works by charging digital payments to the mobile phone bill, either via carrier billing or SMS billing. Fonix also offers messaging solutions.

Based in London, Fonix is a fast growth business driven by blue chip clients such as ITV, Bauer Media, RTÉ, Global Media, Comic Relief and Children in Need to name a few.