15th Sep 2025 11:52
(Alliance News) - Ingenta PLC on Monday said the core of its business continued to run efficiently as it expects to post annual results in line with market expectations.
The Oxford, England-based provider of software and services to the publishing industry reported a 96% pretax profit jump to GBP1.2 million in the first half of 2025, from GBP615,000 a year ago.
Revenue climbed 1.6% to GBP5.2 million from GBP5.1 million. Cost of sales came down 5.1% to GBP2.5 million from GBP2.7 million.
Administrative costs were 28% lower at GBP996,000 from GBP1.4 million, which the firm attributed mostly to non-cash exchange differences on translation of intercompany balances.
The company declared an interim dividend of 1.75 pence, up 17% from 1.5p a year ago.
Ingenta said the pipeline was "strong" as it awaits customer decisions in the second half of 2025.
Chair Martyn Rose said the company previously signalled its plans to speed up new business acquisition via a "substantial" strengthening of its sales and marketing teams.
He said: "'I'm pleased to report that progress has been made on all fronts and that all positions have now been filled. The board remains confident that the new team will be instrumental in the expansion of future sales pipeline opportunities, which should more than offset the expected progressive decline in legacy business in the coming years, as previously reported."
Rose added: "Elsewhere, the core of the business continues to run efficiently, generating revenue growth along with improved margins and cash generation, through a focus on expanding services provided to existing customers as well as stimulating a pipeline of new prospects. The board is pragmatic about the lead time between onboarding new sales and marketing positions and the ultimate generation of new business, but remains confident that results for the year will be in line with market expectations."
Ingenta shares rose 18% to 72.18 pence each on late Monday morning in London.
By Tom Budszus, Alliance News slot editor
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