Dianomi announced that it has agreed a contract amendment with one of its and longest standing publisher partners, for whom it provides exclusive content recommendations. At the end of 2022 Dianomi entered into a contract renewal with a monthly guaranteed payment by Dianomi based on publisher minimum guaranteed traffic levels (the "Agreement"). As has been widely reported, in the year to date, traffic volumes have been significantly lower across all media, such that the publisher minimum traffic levels in the six months to 30 June 2023 were not met, resulting in an overpayment by Dianomi to the publisher of $1 million ("overpayment") for the period which was due to be recouped in the second half of the year.

Following discussions, the Company and the publisher have entered into an amendment to the Agreement (the "Amendment") whereby Dianomi has agreed not to recoup the overpayment, in return for which the publisher will provide Dianomi with an enhanced revenue share as from 1 July 2023 and, in addition to its existing permanent ad units, will provide Dianomi with additional premium ad inventory, including a new in-article unit. The Company will recognise the one-off overpayment as an additional cost of sale in first half. The new ad inventory and enhanced revenue share will allow Dianomi to generate additional revenue and margin which is expected to at least offset the one-off additional cost of sale over the next 12 to 18 months.