25th Jul 2025 13:16
(Alliance News) - Sorted Group Holdings PLC on Friday reported decreased revenue, in a first half it said was "centred on stabilisation".
The stock was down 14% at 15.00 pence per share on Friday afternoon in London.
The Manchester-based company, which operates a delivery experience platform, posted a pretax loss of GBP2.1 million for the six months ended June 30. This was narrowed from GBP3.5 million the year before.
The loss per share narrowed to 28.06p from 51.22p.
Revenue fell 12% to GBP2.4 million from GBP2.8 million, though Executive Chair Simon Wilkinson maintained that the revenue base was "stable".
"Following the transformative changes of 2024, the first half of 2025 was centred on stabilisation, integration, and the continued refinement of our organisational structure," Wilkinson said.
"Our strategic priorities...have included streamlining operations, strengthening internal policies and procedures, advancing our technology roadmap, and leveraging emerging [AI] technologies to further enhance our platform."
Wilkinson said the company entered 2025 "with a solid foundation". In the second half, Sorted plans to keep its focus on "agility, efficiency, customer satisfaction, and sustainable revenue growth".
"The board considers that the foundations laid over the past 18 months position us well to seize new market opportunities and deliver long-term value to shareholders," he added.
By Emma Curzon, Alliance News reporter
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