Tialis Essential IT reported 1H23 results to June 2023 last week, in line with updated FY23 expectations that demonstrate tangible benefits of the operational and debt restructuring programme. It has reported +72% yoy revenue growth to £11.6m, +28% yoy adj EBITDA growth to £1.2m, positive adj PBT to £0.8m (1H22: £-0.6m) and a managed £3.4m net debt position (FY22: £3.2m). One-off £0.4m restructuring costs reduced FCF to £0.04m (1H22: £0.5m). Frustratingly, Tialis received an unexpected notificat ....
