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Nomad Compute Plc – Interim Results for the 6 months to 30 June 2026
- NMD.AQ
- NMD
Nomad Compute PLC
(“Nomad” or the “Company”)
Interim Results for the 6 months to 30 June 2026
Nomad Compute PLC (AQSE:NMD), announces the publication of its unaudited Interim Results for the 6 months to 30 June 2026 which will be available in the Investor section of the Company’s website at https://www.nomadcompute.com/.
The period has been one of significant transformation for the Company, during which we have repositioned the business and established a new strategic direction focused on the development, deployment and operation of modular, containerised edge artificial intelligence (“AI”) compute infrastructure for global enterprise and sovereign markets.
Following this strategic review, the Company announced on 30 April 2026 its intention to reposition the business as a pure-play modular edge AI compute infrastructure company. To reflect this new direction, the Company changed its name from Visum Technologies PLC to Nomad Compute PLC, with the new name and ticker symbol “NMD” becoming effective on the AQSE Growth Market on 1 May 2026. The Nomad model is intended to provide relocatable compute infrastructure, bringing AI computational capacity closer to where it is economically and strategically required.
The Board was also strengthened during the period. I joined the Board on 29 April 2026 and was subsequently appointed Executive Chairman on 18 May 2026 to lead the Company through this strategic repositioning. Following the period end, Brian Stockbridge and Jonathan Hives were appointed to the Board as Non-Executive Directors, further strengthening the Board and bringing additional public company and capital markets experience to support the Company as it continues to develop and execute its strategy.
In May 2026, the Company conditionally raised gross proceeds of approximately £3.124 million through a placing. Following shareholder approval at the General Meeting on 5 June 2026, the placing proceeded and provided the Company with funding to support the implementation of its new strategy. Of the gross Placing proceeds of approximately £3.124 million, £2.674 million had been received by 30 June 2026 and a further £100,000 was received after the period end. The balance of £350,000 remains outstanding and is expected to be received in October 2026 (see note 8). The Directors’ going concern assessment is not affected by this outstanding balance, and in either case the Directors are satisfied that the Group has sufficient resources for at least twelve months from the date of approval of these interim financial statements. The proceeds are intended principally to support the recruitment of a senior technical team, secure OEM hardware allocations, develop the Company’s first proof-of-concept deployment and provide additional working capital.
