Tenet Fintech Group (PKK) investor relations material

Business model and platforms

• Data-as-a-Service model uses SME financial and operational data to generate commercial opportunities and economic intelligence.

• Cubeler collects SME data and matches businesses with buyer, supplier, financing, grant and partnership opportunities; North American rollout is supported by accountant and bookkeeper networks.

• GoldRiver facilitates supply-chain transactions and product sales; ie-Pulse packages SME data into indexes, indicators and downloadable datasets.

GoldRiver agreements and revenue models

• Two supply-chain master agreements represent $425M in minimum annual purchase value: $200M for one year, renewable, and $225M annually for three years, or $675M minimum total value.

• Agreement purchase values describe commercial scope, not revenue already recognized.

• Brokerage fees are 2%–5% of completed transaction value, depending on factors including related logistics services.

• Product resale records the full selling value as revenue, with an 8%–10% gross margin in the supplier model.

ie-Pulse subscriptions

• Commercial launch of ie-Pulse subscriptions is targeted for Q4 2026; subscriptions remain a planned revenue stream.

• Indicative monthly tiers are Explorer $49, Basic $149, Professional $499 and Institutional $2,499; Institutional add-ons are $100/month per plan.

• Expected ie-Pulse gross margin is 70%–80%; expected margins are not realized results.