14th Jul 2025 12:31
(Alliance News) - Pulsar Group PLC on Monday said it is confident in its outlook, citing generative artificial intelligence presenting "exciting opportunities" as "momentum" was sustained.
The London-based software-as-a-service provider for the marketing and communications industries said pretax loss widened to GBP4.9 million in the six months ended May 31, from GBP4.5 million a year ago.
Revenue edged down to GBP30.1 million from GBP30.8 million.
Cost of sales increased 6.9% to GBP9.4 million from GBP8.7 million. Recurring administrative costs meanwhile decreased 10% to GBP17.1 million from GBP19.0 million.
Costs from the amortisation of internally generated intangible assets increased by 38% to GBP2.6 million from GBP1.9 million.
Looking ahead, Chief Executive Officer Joanna Arnold said the board is confident for the second half of the financial year and beyond.
She noted "sustained strong commercial momentum" and "significant" client wins.
Arnold said: "The transformative power of generative AI presents exciting opportunities for both new revenue streams and significant operating model enhancements. Pulsar Group remains committed to embedding AI across our suite, reinforcing our market leadership and empowering clients to shape narratives with confidence, while delivering lasting shareholder value."
She added that the company continues to trade in line with its own expectations, due to momentum across the regions.
Pulsar shares fell 1.3% to 39.50 pence each on Monday afternoon in London.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Pulsar Group