Leadership Shakeup at Diginex Sends Shares Tumbling

Diginex KYG286871044

Investors delivered a sharp verdict on Wednesday, driving shares of sustainability technology firm Diginex down by 15.1 percent. The sell-off was triggered by an unexpected CEO transition announced just weeks after the company completed a rapid series of acquisitions.

Key Developments:
* Founder of recently acquired Plan A.earth GmbH, Lubomila Jordanova, assumes the CEO role.
* Former CEO Mark Blick moves to a Strategic Advisor position effective immediately.
* The leadership change follows three separate deals finalized in January 2026.
* The stock recorded its most significant single-day decline in months.

The new chief executive, Lubomila Jordanova, is the founder of Plan A.earth GmbH, a carbon accounting and decarbonization platform. Diginex's acquisition of Plan A closed on January 14, 2026—a mere two weeks prior to Jordanova's appointment. That transaction also brought Visa and Deutsche Bank on board as new shareholders.

Outgoing CEO Mark Blick successfully guided the company to its Nasdaq listing in January 2025. During the 2025 fiscal year, revenue grew 57 percent to $2.0 million under his leadership. Growth accelerated further in the first half of 2026, reaching 293 percent compared to the same period the prior year.

A Frenetic Acquisition Spree Precedes the Change

The sudden leadership shift comes on the heels of an aggressive three-week expansion strategy:

January 8, 2026: Acquisition of Hong Kong-based The Remedy Project Limited, which specializes in human rights due diligence within supply chains.

January 14, 2026: Completion of the Plan A.earth takeover, introducing Visa and Deutsche Bank as investors.

January 23, 2026: Signing of a joint-venture framework agreement with BGlobal to develop ESG infrastructure in Brazil's Mato Grosso state.

Chairman Miles Pelham described the CEO change as an "exciting new chapter" on the path to becoming a leading global sustainability technology provider. The market's reaction, however, signals substantial investor skepticism.

Integration Presents Immediate Challenge for New CEO

Jordanova's immediate task will be integrating the recently purchased assets into a cohesive operational platform. The combined offering now spans ESG reporting across 19 global frameworks, carbon accounting, supply chain transparency, and AI-powered analytics.

With a market capitalization of approximately $253 million against trailing twelve-month revenue of $3.57 million, the company's valuation remains ambitious. Over the past year, its share price has fluctuated between $0.87 and $39.85.

Market Awaits Update on Pending Resulticks Deal

Investors are anticipating an update in the coming weeks regarding the previously announced acquisition of Resulticks. On December 23, 2025, Diginex stated it would provide new information within 30 days. That deadline expires in the next few days, coinciding with the new CEO's onboarding and the integration of the three January acquisitions.

@ boerse-global.de | KYG286871044 LEADERSHIP