Leadership Transition at Diginex Follows String of Acquisitions

Diginex KYG286871044

Diginex has initiated a significant change in its executive leadership, marking a strategic pivot for the London-based ESG technology provider. Effective January 28, Lubomila Jordanova, founder of the carbon accounting specialist Plan A, assumed the role of Chief Executive Officer. She succeeds Mark Blick, who has transitioned to an advisory position. This move signals the conclusion of an aggressive period of mergers and acquisitions and the start of a focused integration and consolidation phase for the company.

The appointment consolidates leadership around Diginex's most substantial recent purchase. Jordanova's company, Plan A, was acquired by Diginex in a deal that closed on January 14. The AI-driven carbon accounting platform, valued at approximately $64 million, serves a client base of over 1,500 corporate customers.

The leadership change comes on the heels of a remarkably active month for Diginex's corporate development team, which finalized three separate strategic transactions in January 2026 alone:

• On January 8, the company acquired The Remedy Project, a Hong Kong-based specialist in human rights due diligence. The purchase price was set at 1 million shares, valued at $3.79 million, with an additional potential earn-out of up to 1 million more shares.
• Following the Plan A closing on January 14, Diginex announced a framework agreement for a joint venture on January 23. This partnership, located in Brazil's Mato Grosso state, aims to develop digital ESG infrastructure for the agricultural sector.

These acquisitions have substantially expanded Diginex's client portfolio and shareholder register. Through the Plan A transaction, the company gained access to prominent clients such as BMW, Visa, and Deutsche Bank. The latter two corporations also became Diginex shareholders as part of the deal.

Financial Snapshot Reflects Expansion Costs

The company's interim financial results for the six months ended September 30, 2025, clearly illustrate the impacts of its growth strategy. Revenue surged to $2.0 million, a 293% increase from the $0.5 million reported in the prior period. This growth was primarily driven by higher subscription and license fees.

However, the operating loss also widened, moving from $4.2 million to $6.0 million. A notable $2.2 million increase in professional fees, reflective of the heightened M&A activity, contributed to this result. On the balance sheet, net assets grew from $4.6 million as of March 2025 to $10.9 million. The company operates with no interest-bearing debt.

Strengthening the Financial Position

In October 2025, Diginex bolstered its liquidity through the exercise of outstanding warrants, generating $13.8 million in proceeds. This transaction involved the issuance of 18 million new common shares. The additional capital provides the company with financial flexibility to support the integration of its newly acquired entities.

Positioning in a High-Growth Sector

By combining capabilities in ESG reporting, carbon accounting, and supply chain compliance, Diginex operates in a software market segment that industry estimates project to grow at roughly 20% annually. The company's platform supports 19 global reporting frameworks, including GRI, SASB, and ISSB.

The coming quarters will serve as a practical test for the new operational structure, determining whether it can successfully realize the anticipated synergies from this series of acquisitions. With the leadership transition complete, Diginex has set the stage for its next phase of development.

@ boerse-global.de | KYG286871044 LEADERSHIP