Half-year report

DXS INTERNATIONAL PLC

(AQSE: DXSP)

HALF YEAR RESULTS

DXS International plc (“DXS” or the “Company”), the digital clinical decision support company, is pleased to provide shareholders with its unaudited interim results for the half year ending 31 October 2020.

Financial Highlights

• Revenue for the six month period has increased marginally by 3% to £1,716,423 (2019: £1,664,957);
• Profit before tax is up by 68% to £150,556 (2019: £89,824) and profit after tax up by 11% to £224,825 (2019: £202,018).
• Overall revenue has held up well and the Company continues to maintain a healthy balance sheet with £1.2 million in cash at the period end and continues to trade profitably.

While the ongoing COVID situation continues to slow down the planned market launches of our new solutions we are persevering with initiating pilots and initial responses from GPs remain positive and enthusiastic. From an operational perspective we are pleased to announce the following important milestones.

Operational Highlights

• To qualify for NHS GP IT Futures accreditation our hypertension solution (ExpertCare) is classified as a medical device and therefore requires certification within the UK and EU. We are pleased to announce that the Hypertension Expert Solution is now CE accredited.
• The company also attained ISO accreditation at three ISO standards:
  • ISO27001:2013 – Information Security Management.
  • ISO22301:2019 – Business Continuity Management.
  • ISO20000-1:2018 – Information Technology Service Management.
• Progress with planned ExpertCare hypertension solution pilots with 37 GP practices having indicated a willingness to participate with a number at varying stages of progress.

As an accredited Supplier to the NHS we are required to migrate our DXS Point of Care solution to a web‑based system. We are currently accelerating this process which, once complete, will provide additional benefits to the business including the ability to scale more rapidly and reduce support and maintenance costs. It will also enable enhanced functionality for our customers thereby moving the solution to new levels and revenue streams. This project is significant and will be completed in a phased approach over the next 12 to 18 months.

David Immelman, Chief Executive Officer, commented:

I am extremely proud of our staff who have continued to mostly work from home while maintaining excellent levels of service for our customers and, when required, pivoting to adapt during these unusual times. We expect our GP practice clients to remain busy with the planned vaccination program over the coming months and hope that the situation should begin to normalise towards March/April 2021.

INTERIM RESULTS to 31 OCTOBER 2020

CONSOLIDATED INCOME STATEMENT

for the six month period ended 31 October 2020

STATEMENT of FINANCIAL POSITION

as at 31 October 2020

STATEMENT of CASH FLOWS

Six months ended 31 October 2020

Net Debt Reconciliation

The above figures have not been reviewed by the company’s auditors Crowe U.K. LLP.

The Directors of DXS International plc accept responsibility for this announcement

Contacts:

Notes to Editors

About DXS:

DXS International presents up to date treatment guidelines and recommendations, from Clinical Commissioning Groups and other trusted NHS sources, to doctors, nurses and pharmacists in their workflow and during the patient consultation. This effective clinical decision support ultimately translates to improved healthcare outcomes delivered more cost effectively and which should significantly contribute towards the NHS achieving its projected efficiency savings.