12th Jun 2026 15:36
(Alliance News) - Pri0r1ty Intelligence Group PLC on Friday reported a hefty full-year loss reflecting reverse takeover and listing costs, and higher administrative expenses.
During the year, Alteration Earth PLC completed the reverse acquisition of Pri0r1ty AI Ltd, was admitted to the AIM market, and was renamed as Pri0r1ty Intelligence Group PLC.
The London-based company, now a software-as-a-service firm focused on AI, reported a pretax loss of GBP10.3 million in the financial year ended September 30, widened from GBP594,436 the year prior.
This reflected reverse takeover costs of GBP7.0 million and costs associated with the listing of GBP299,435 compared to nil in the year prior. Administrative expenses more than trebled to GBP2.0 million from GBP593,082. Revenue ballooned to GBP174,174 from GBP5,965.
Chair Marcus Yeoman said at eight months into the current financial year, and incorporating changes in revenue recognition, the company has contracted revenue in excess of GBP400,000 and a growing sales pipeline, evidencing real customer traction and the strong foundations built during financial 2025.
"While Pri0r1ty is in its relative infancy for a technology-led business, we are in a strong position to expand our user base on the platform as we roll out our AI SaaS solutions to the SMEs globally and look forward to updating investors of our ongoing progress over the course of the retainer of the year," he added.
Shares which had been suspended pending publication of the results resumed trading and were down 49% to 0.87 pence each in London on Friday.
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Pri0r1ty Int