This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on market abuse, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). Upon publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

17 September 2026

Majestic Corporation Plc

(the "Company" or "Majestic")

Interim Unaudited Results to 30 June 2026

Majestic Corporation plc (AQUIS: MCJ | OTC: MCJCF), a sustainable circular economy provider specializing in recycling precious and non-ferrous metal, is pleased to announce its interim unaudited results for the 6-month period ended 30 June 2026.

Financial highlights:

•  Revenue was US$37m (HY 2025: US$18m)

•  Gross Profit Margin 12.88% (HY 2025: 8.56%)

•  Strong cash generation from operating activities

•  Profit before tax US$3.3m (HY 2025: US$0.6m)

•  Net assets US$13.4m (as at 30 June 2025: US$9.3m)

•  Cash in bank and on hand of US$4.4m (as at 30 June 2025: US$0.8m)

•  Earnings per share 16.10 cents (HY 2025: 2.92 cents)

Operational highlights:

•  Strong demand for critical minerals driven by supply deficits and secondary-supply needs

•  Wrexham facility on track to reach full operational capacity by year end

•  Developing replicable, data-driven facility model to scale volumes through localisation

•  Navigated commodity price volatility and US tariff-driven regional metal dislocations

•  Expanded supplier and customer base across Asia and Europe through new partnerships

Peter Lai, Chairman and CEO of Majestic Corporation, commented:

"I am delighted with our performance in the first half of 2026. Doubling revenue and a substantial uplift in profitability show that the decisions we have taken, namely in 2024 and 2025, are now paying off, as we said they would. These results reflect the discipline of our entire team, who delivered them through a volatile market and real external pressure.

"Looking ahead, Wrexham represents a model — permitted, compliant, and built to replicate — that gives us a clear and tested path to scale. Our in-house R&D is now embedding two decades of proprietary recovery data into our processing infrastructure, work that will define how this business competes for the next decade, not just the next year. Demand for critical minerals shows no sign of slowing, and few operators are positioned to meet it the way we are: profitable today, building infrastructure today, with the intelligence to make every future site smarter than the last.”

For further information, please visit www.majestic-corp.com, or contact:

Statement from Chairman and CEO of Majestic:

The first half of 2026 demonstrated the benefits of the strategic decisions Majestic had made in namely in 2024 and 2025. Despite geopolitical uncertainty, changing regulations and market volatility, the Company delivered significantly improved financial performance while continuing to invest for future growth. 

We are delighted to report our 2026 interim results, which saw 

●        Revenue US$37 million (HY2025: US$18m, up 105%) 

●        Profit before tax US$3.3m (HY2025: US$0.6m, up 450%) 

●        Profit margin grew to 12.88% (HY 2025: 8.56%, up 4.32 percentage points) 

This result reflected improved non-ferrous and precious metals margins, our UK market growth, strong growth in our printed circuit boards services and continued cost discipline across the group. The Board and Management team have taken decisive action to focus on the company’s strategy previously set forth to focus on vertical integration and improve operating performance. These actions have created a more resilient business, supported by disciplined capital allocation and increased exposure to attractive long-term growth. While external conditions remain dynamic, we believe Majestic is well-positioned to create enduring value for shareholders.

The first half of the year was characterised by both significant challenges and emerging opportunities. Global commodity markets remained volatile, with non-ferrous and precious metals prices under pressure and continuing to reflect broader economic conditions, while high interest rates, inflation, and elevated logistics and energy costs continued to weigh on trading flows.

The introduction, escalation and shifts in U.S. tariff policy have also materially altered the physical flow of metals. In particular, expectations of tariffs on copper have created a significant arbitrage between U.S. and international markets, incentivising physical metal to move from LME-linked warehouses and other global locations into the United States and COMEX warehouses. This has resulted in a pronounced build-up of U.S. inventories while reducing readily available metal in other regions, contributing to greater regional price dislocation and increased volatility across the global metals market.

For Majestic, these developments reinforce the strategic importance of physical metals recovery, the ongoing geopolitical battle for critical materials, regional supply security, and access to secondary sources of supply. As global trade becomes increasingly characterised by nationalistic trade policies, geopolitical considerations and supply-chain realignment, the ability to recover valuable metals and reintroduce them into regional and global supply chains becomes increasingly important.

Against this backdrop, Majestic continues to strengthen its position as a leading global urban miner and sustainable circular-economy solutions provider, recovering precious and base metals from end-of-life materials and returning these resources to global supply chains — many of which are deemed critical minerals by governments worldwide and face significant deficits in the coming years and decades without a secondary supply.

Beyond the numbers, we remain on track against our strategic targets. We have continued to deepen and expand our supplier and customer base, forming new partnerships and renewing contracts, both exclusive and non-exclusive. We have maintained operational discipline and financial rigour internally, while continuing to deepen our customer base with partners across Asia and Europe.

As we push further downstream — with Wrexham on track to reach full operational capacity by year end — we are simultaneously engineering the technology blueprint that will power our next phase of growth: a replicable, data-driven facility model designed to scale volumes rapidly through localisation. Expansion remains a priority, but it is being built on a foundation of smarter, safer, more efficient operations — not growth for its own sake.

Our in-house R&D function remains the engine behind this progress. By converting proprietary operational data and deep industry know-how into next-generation recovery and process technology, we are not only advancing our own capability but setting a technical benchmark for the wider recycling industry to follow.

As my team and I look to the next decade, we remain cautiously optimistic and confident in the continued expansion of the business, and while our track record is any indication, the combination of our strategic agility and market insight will continue to secure Majestic's future.

About the Company

Majestic Corporation PLC is an emerging leader in sustainable circular economy solutions, specializing in recycling and recovering precious and base metals from everyday materials.  Majestic creates value through returning waste materials to the supply chain. We source a diverse range of materials, including solar infrastructure, battery scrap, electronic waste, and precious/base metals from partners. We then process these materials through proprietary sorting, separation, and grading technologies at our facilities to deliver graded metal feedstock to global smelters, refiners, and industrial users.

Responsibilities Statement

The Directors confirm to the best of their knowledge:

●        the interim financial statements have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting;

●        the interim financial statements give a true and fair view of the assets and liabilities, financial position and profit of the Group;

●        the Interim Report includes a fair review of the information required by DTR 4.2.7R, being an indication of important events that have occurred during the first six months of the financial year and their impact on the interim financial information, and a fair description of the principal risks and uncertainties for the remaining six months of the year; and

●        the interim financial information includes a fair review of the information required by DTR 4.2.8R, being the information required on related party transactions.

The interim financial statements were approved by the Board of Directors, and the above responsibility statement was signed on its behalf by:

Peter Lai Chairman & CEO

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30 JUNE 2026

(Expressed in United States Dollar)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

FOR THE PERIOD ENDED 30 JUNE 2026

(Expressed in United States Dollar)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 30 JUNE 2026

(Expressed in United States Dollar)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW

FOR THE PERIOD ENDED 30 JUNE 2026

(Expressed in United States Dollar)

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2026

(Expressed in United States Dollar)

1.                   GENERAL INFORMATION AND BASIS OF PREPARATION

The Company is a public company, limited by shares, and incorporated and domiciled in the United Kingdom. The company has its ordinary shares admitted to trading on the Aquis Growth Market with the ticker MCJ.

The address of its registered office and the principal place of business are located Unit 15 Drome Road, Deeside Industrial Park, Deeside, Wales, CH5 2NY, United Kingdom.

The financial statements are presented in United States Dollars (USD).

2.                   BASIS OF PREPARATION AND ACCOUNTING POLICIES

Basis of preparation

These interim condensed consolidated financial statements (Interim Financial Statements) Majestic Corporation Group Plc comprise the results of the Group for the 6 months ended 30 June 2026.

The consolidated reserves of the Group have been adjusted in the current period following the share-for-share exchange to reflect the share capital of the Company with the difference giving rise to a merger reserve.

The condensed set of financial statements included in this half-yearly financial report has been prepared in accordance with UK adopted International Accounting Standard 34, “Interim Financial Reporting and the Disclosure and Transparency Rules of the Financial Conduct Authority. The annual financial statements of the Group will be prepared in accordance with UK adopted International Financial Reporting Standards. They do not constitute statutory accounts within the meaning of section 434(3) of the Companies Act 2006 and should be read in conjunction with the financial statements prepared for the Majestic Corporation Group for the twelve months ended 31 December 2023, which were prepared in accordance with International Financial Reporting Standards (IFRS) and are filed with the Companies Registry in Hong Kong and are available to shareholders on request”.

The information for the period ended 30 June 2026 has neither been audited nor reviewed and does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006.

3.            PRINCIPAL ACCOUNTING POLICIES

The principal accounting policies adopted are set out below.

1. Basis of accounting and accounting policies

The financial statements have been prepared under the historical cost basis.

2. Revenue recognition

Revenue from the sales of goods is recognised when control of the goods has been transferred, when the goods have been shipped to the customer’s specific location. Following delivery, the customer has full discretion over the usage of the goods, has the primary responsibility upon selling the goods and bears the risks in relation to the goods. A receivable is recognised by the Company when the goods are delivered to the customers as this represents the point in time at which the right to consideration becomes unconditional, as only the passage of time is required before payment is due.

Interest income is recognised as other income as it accrues using the effective interest method.

3. Cash and cash equivalents

Cash and cash equivalents include demand deposits and other short-term highly liquid investments with original maturities of three months or less.

4. Trade and other receivables

Trade and other receivables are stated at estimated realisable value after each debt has been considered individually. Where the payment of a debt becomes doubtful, a provision is made and charged to the income statement.

5. Trade and other payables

Trade and other payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

6. Translation of foreign currency

Foreign currency transactions during the period are translated into United States Dollars at the exchange rates ruling at the transaction dates. Monetary assets and liabilities denominated in foreign currencies are translated into United States Dollars at the market rates of exchange ruling at the reporting date. Exchange gains and losses on foreign currency translation are dealt with in the statement of income and retained earnings.

7. Taxation

The tax expense in the consolidated income statement comprises current tax payable and deferred tax.

8. Inventories

Inventories are stated at the lower of cost and net realisable value. In arriving at net realisable value an allowance has been made for deterioration and obsolescence.

9. Good in transit

The risk and reward of the inventory transfers to customers once they have issued an analysis report confirming shipment has been accepted.

10. Leases

Leases are classified as operating leases and the rentals receivable or payable under these leases are credited or charged to the statement of income and retained earnings on a straight-line basis over the duration of the leases.

11. Going concern

The consolidated financial statements are prepared on the going concern basis. The financial position of the Company, its cash flows and liquidity position are described in the interim consolidated financial statements and notes. The Company has the financial resources to continue in operation for the foreseeable future, a period of not less than 12 months from the date of the report.

4. TURNOVER AND OTHER INCOME

Turnover represents the amounts received and receivables for goods sold to the customers.

Other income represents mainly supplier credit received, and exchange gain.

5. PROFIT FROM OPERATION AND BEFORE TAXATION

Profit from operation and before taxation has been arrived at after charging:

6.   DIRECTORS REMUNERATIONS

Directors remunerations disclosed are as follows:

7. STAFF COST

8. FIXED ASSETS

9.  INVENTORIES

10 TRADE RECEIVABLES

The ageing analysis of the trade receivables, based on invoice dates, is as follows:

Trade receivables disclosed above include amounts which are past due at the end of the reporting period against which the Company has not recognized an allowance for doubtful receivables because there has not been a significant change in credit quality and the amounts are recoverable subsequent to the reporting date. The Company does not hold any collateral or other credit enhancements over these balances, nor does it have a legal right of offset against any amounts owed by the Company to the counterparty.

11 TRADE PAYABLES

The ageing analysis of the trade payables, based on invoice dates, is as follows:

12 INTEREST BEARING LOANS AND BORROWING

IMPORT LOANS

The Company has obtained credit facilities from its bankers as secured by guarantees from a director and a related company together with fixed deposit of the Company. The loans are interest bearing at TAIF03 + 1%, and repayable in 120 days from the drawdown date which has multiple repayment dates.

LEASE LIABILITY -  Right-of-use assets

The Company entered into a lease agreement for a premises commencing on 10 Oct 2025 for a term of five years ending 09 October 2030. Lease payments of £32,500 are payable quarterly. The lease liability was measured using the company’s incremental borrowing rate of 6%.

13 SHARE CAPITAL

14 FINANCIAL RISK MANAGEMENT

Exposure to credit, liquidity, interest rate, foreign currency and equity price risks arises in the normal course of the Company’s business. The Company’s exposure to these risks and the financial risk management policies and practices used by the Company to manage these risks are described below.

1. Credit risk management

In order to minimize credit risk, credit approvals and monitoring procedures are in place to ensure that follow-up action is taken to recover overdue debts.

2. Liquidity risk management

Ultimate responsibility for liquidity risk management rests with the board of directors, which has established an appropriate liquidity risk management framework for management of the Company’s short, medium and long-term funding and liquidity management requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

3. Market risk management – interest rate risk

The Company draws import loans to maintain stable cashflow. The loans are interest bearing at maximum of TAIFX03+1%. 5% is the sensitivity rate used when reporting interest rate risk internally to key management personnel and represents management’s assessment of the reasonably possible change in interest rates. The Company’s sensitivity to a 5% increase and decrease in HIBOR/ TAIFX03 is as follows:

Unaudited Unaudited

30.06.2026 31.06.2025

4. Market risk management – foreign currency risk

The Company undertakes most of the transactions denominated in United States Dollar with few transactions denominated in Euro. 5% is the sensitivity rate used when reporting foreign currency risk internally to key management personnel and represents management’s assessment of the reasonably possible change in foreign exchange rates. The Company’s sensitivity to a 5% increase and decrease in Euro against United States Dollar is as follows:

      Unaudited    Unaudited

          30.06.2026                           31.06.2025

15 GOODWILL

Goodwill arising from the Majestic Corporation Plc acquired 100% of the share capital of Telecycle Europe Limited on 06 May 2025 which is the excess of the purchase price over the fair value of net assets acquired.

Purchase price        : US$2,668,000 (£2,000,000 exchange rate @1.3340)

Net assets acquired        : US$210,920

Goodwill             : US$2,457,080

16 EARNINGS PER SHARE

Basic earnings per share is calculated by dividing the net profit/(loss) for the period attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares in issue during the period. As the condensed consolidated interim financial statements have been presented as a continuation of the existing group, the number of shares taken as being in issue for both the current and preceding periods are deemed to be the number of ordinary shares issued by Majestic Corporation Plc to acquire Majestic Corporation Limited in the share for share exchange. The weighted average number of shares is then adjusted to reflect changes in the number of ordinary shares issued in Majestic Corporation Limited that occurred during the previous period.

The following reflects the income and share data used in the basic and diluted earnings per share computations:

There have been no other transactions involving actual ordinary shares or potential ordinary shares between the reporting date and the date of authorization of this financial information.

17 RELATED PARTY DISCLOSURE

There were no related party transactions during the period that have materially affected the financial position or performance of the Group.