2nd Jun 2026 14:31
(Alliance News) - CPPGroup PLC on Tuesday said revenue in the new year is performing well as it reported a lower annual loss for 2025 amid a reduction in administrative costs.
The London-based provider of digital financial services said pretax loss narrowed to GBP7.4 million in 2025 from GBP8.4 million in 2024.
Revenue fell 15% to GBP2.1 million from GBP2.4 million.
Administrative expenses reduced by 11% to GBP9.3 million from GBP10.4 million, while cost of sales came down 38% to GBP238,000 from GBP383,000.
CPPGroup said its technology led parametric InsurTech platform Blink made "encouraging commercial and operational progress" during 2025.
It added that Blink provided greater visibility over future revenues and demonstrated continued market demand for its solutions.
The company said it entered 2026 "with strong momentum" as Blink revenue surged 99% in the first four months of the year.
It added: "Supported by a strengthened sales pipeline and increasing customer demand, the board remains confident in Blink's growth prospects and its ability to benefit from the increasing adoption of parametric insurance solutions."
Chair David Morrison said: "Blink continues to perform well, building momentum, delivering strong revenue growth and strengthening its market position. The board remains confident in the long-term opportunity for the business and remains focused on supporting Blink's continued development and delivering long-term value for shareholders."
CPPGroup shares rose 1.1% to 63.18 pence each on Tuesday afternoon in London.
By Tom Budszus, Alliance News slot editor
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