RedCloud Signs 3-Year Argentina Agreement, Forecasting $20m Revenue and $1.2Bn in FMCG Trade through RedAI

London and Buenos Aires, Aug. 17, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (Nasdaq: RCT) today announced a three-year agreement with Golomax and Picking Up (“Picking Up!”) in Argentina. Under the agreement, the parties are forecasting shared revenues over the three year term of the agreement, expected to represent approximately $1.2Bn in traded goods transacted through RedAI. The Company forecast RedCloud’s share of the revenue generated to be approximately $20m, comprising around $13m digitization revenue through RedAI, approximately $4m in RedAI RAID revenue and $3m in fees for trade growth enabled for Golomax and Picking Up!.

Golomax serves 523 wholesalers and distributors across 12 FMCG categories, with products sourced from over 200 providers. Around 40,000 buyers transact across the network each year, generating approximately 500,000 orders over the trailing 12 months.(1) RedCloud intends to deploy RedAI RAID (Realtime AI for Distribution) into the Golomax and PickingUp! ecosystem and share in the value it creates under a revenue-share model linked to the growth forecast. The agreement has an initial 3 year term that is automatically renewed every year thereafter subject to termination by either party.