IN BRIEF: TPXimpact backs outlook as loss narrows but sales drop
TPXimpact Holdings PLC - London-based technology-enabled services company - Pretax loss from continuing operations narrows to GBP10.0 million in the financial year to March 31 from GBP24.8 million a year prior. Revenue falls to GBP77.3 million from GBP84.3 million but bottom line benefits from drop in administrative expenses to GBP31.3 million from GBP44.4 million. Reports GBP19 million of new business won in the first two months of financial 2026, including two contracts with the UK government announced in May. In addition, flags a strong pipeline of opportunities despite the comprehensive spending review not concluding until June 11. "While our financial results reflect the impact of contract delays and spending reviews, we have taken decisive steps to protect profitability and create a more efficient, sustainable business," says Chief Executive Bjorn Conway. TPXimpact says financial 2026 outlook is unchanged, management is focused on protecting and growing profits and targets an adjusted earnings before interest, tax, depreciation and amortisation range of GBP6 to GBP7 million. In financial 2025, adjusted Ebitda reaches GBP5.6 million, up from GBP4.6 million a year prior. Management also expects net debt to reduce, targeting a year-end range of GBP7 to GBP8 million, down from GBP8.5 million at March 31. Read More