SINGAPORE — Oct. 19, 2022 — Genius Group Limited (“Genius Group” or the “Company”) (NYSE American: GNS), a leading entrepreneur Edtech and education group, today announced its financial results for the first half of 2022.

Financial Highlights From the First Half of 2022

• • H1 2022 revenue growth to $7.44 million, 17.18% growth over H1 2021 and revenue of $16.57 million on a pro forma basis in H1 2022
  • H1 2022 gross margin of 29.97%, compared to 25.85% in H1 2021 and gross margin of 48.49% on a pro forma basis in H1 2022
  • H1 2022 net loss of ($3.50) million and net loss on a pro forma basis of ($2.61) million in H1 2022
  • H1 2022 EBITDA net loss of ($1.96) million compared to EBITDA net loss of ($0.62) million in H1 2021 and EBITDA net loss on a pro forma basis of ($0.95) million in H1 2022
  • Cash and equivalent as of June 30, 2022 of $7.58 million compared to $1.78 million as of December 31, 2021

Roger Hamilton, CEO of Genius Group, commented: “Through the first half of the year, Genius Group has continued to see strong demand, resulting in pro forma margin expansion and significant growth in the number of students visiting our platform. Individuals are increasingly turning to online learning to complement their education and acquire the digital skills required in today’s economy, and this is reflected in our results.”

Operational Highlights

• • The number of students grew to 2.8 million, which represents a 13% growth on an annualized basis. On a pro forma basis, Genius Group had a group user base of 4.2 million (students and users) at the end of H1 2022.
  • The number of paying students grew to 39,124 since December 2021, a 9.44% annualized growth rate. On a pro forma basis, the company had 164,673 paying students and users.
  • The number of partners grew to 10,622 since December 2021, a 7.9% annualized growth rate. On a pro forma basis, partners grew to 12,391 since December 2021.

Other Recent Highlights

• • Appointment of Richard Berman as Audit Committee Chair after he joined the Company’s Board of Directors in January 2022
  • Appointment of Tim Murphy as Director and Head of Compliance Committee on the Board in September 2022
  • Appointment of Erez Simha as Chief Financial Officer to scale the company through both organic and inorganic growth
  • Appointment of Rav Karwal as Chief Revenue Officer to lead revenue, sales, and other go-to-market strategies and ensure exceptional client experiences
  • Acquisition of New Zealand-based Education Angels, a provider of in-home child care services, for US$1.9m
  • Acquisition of South African-based E-Squared Education Enterprises, a full campus with primary, secondary and college education for students in entrepreneurship, for $2.6m
  • Acquisition of U.S.-based University of Antelope Valley, accredited university in California, for $13m
  • Acquisition of U.K.-based Property Investors Network, a provider of property investment education, for $19.1m
  • Acquisition of U.S.-based Revealed Films Inc., media production company that specializes in multi-part documentaries, for US$10m
  • Sold a senior secured convertible note with a principal amount of $18.1m for a purchase price of $17 million

Financial Guidance

We are maintaining our 2022 pro forma adjusted EBITDA guidance at a lower pro forma revenue range.

• • Pro forma annual revenue of $35.0m-$38.0m
  • Pro forma adjusted EBITDA of $0.5m – $1.5m
  • Weighted average share count of 22,458,386
  • Number of students (and users) 4.2m-4.4m

Webcast and Conference Call

Genis Group will host a live webcast to discuss the results today at 8:00 a.m. ET / 8:00 p.m. SGT. The webcast and supplemental information can be accessed on the investor relations section of the Genius Group website at ir.geniusgroup.net. An archive will be available after the conclusion of the live event and will remain available via the same link for 6 months.

Time: Wednesday, October 19, 2022, at 8:00 a.m. ET / 8:00 p.m. SGT

Webcast: Go to the Investor Relations section of the Genius Group website to listen and view the slides.

Dial-in: 877-407-0712 (U.S. Toll Free); +1 201-493-6716 (International)

About Genius Group

Genius Group is a world leading entrepreneur Edtech and education group, with a mission to disrupt the current education model with a student-centered, life-long learning curriculum that prepares students with the leadership, entrepreneurial and life skills to succeed in today’s market. The group has a group user base of 4.2 million in 200 countries, ranging from ages 0 to 100.