Tialis Essential IT’s 1H25 results to June continue to reflect the impact of challenging market conditions, while encouraging recent contract newsflow and a cautious outlook lead us to reiterate FY25E revenue and adj PBT expectations. Revenue declined -18% to £8.8m, driven by previously reported contract delays in a challenging market, and two earlier than anticipated contract losses out of the company’s control. Combined with further restructuring and cost efficiency initiatives at the COGS and ....
