3rd Sep 2025 11:34
(Alliance News) - Cirata PLC on Wednesday announced an increased interim loss amid a hefty net foreign exchange loss, despite revenue growth.
The Jersey-based software solutions provider said pretax loss widened to USD13.4 million in the first half of 2025, from USD9.7 million a year ago.
Revenue jumped to USD3.2 million from USD1.4 million.
Total bookings surged 58% to USD3.8 million from USD2.4 million.
Operating costs decreased to USD7.8 million from USD11.5 million. Finance costs however ballooned to USD8.5 million from USD39,000.
The company noted a net foreign exchange loss of USD8.4 million in the first half of 2025, compared to a gain of USD675,000 a year ago. The dollar index had fallen about 11% in the first half of 2025.
Separately, on its website, Cirata states that next week Tuesday it will announce a new solution which will "transform" how an organisation's data is stored and orchestrated.
Cirata shares fell 7.4% to 16.64 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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