Half-Year Report 2023

The first six months of 2023 have been a period of significant, and positive, change for Kooth.In March we announced our largest contract to datewith the State of California which was finalised, post-period end, as a four year, $188m minimum value agreement.

This marked Kooth’s second major engagement in the US, contract. alongside Pennsylvania, which was agreed in October 2022. During the period, and over the last 12 months, we have developed a significant operation in the United States as we look to capture the opportunity this major healthcare market brings. We look forward to leveraging our platform to increase the size of our business further and, more importantly, help improve mental health provision to as many young people as possible.

In the UK, we are not immune to the broader healthcare and economic environment, which sees commissioning across the NHS structure under stress as Integrated Care Systems prioritise a reduction in costs and tackling an acute mental healthcare backlog. In response, we have taken proactive steps to position ourselves to best respond to this environment, including developing new services to help tackle waiting lists.

Kooth Plc’s CEO, Tim Barker and CFO, Sanjay Jawa’s update on Transforming Behavioral Health Care

Annual Report 2022

Our offering for children and young people continues to grow. Kooth is now available to over 60% of 10-25 year olds across the UK, with new commissions demonstrating our potential to become a near-nationwide service in the future.