Kooth’s finals to December 2025 describes consistent strategic goals and execution, with adj EBITDA ahead of our (top of the range) expectations and a robust balance sheet. Perverse as it sounds on the occasion of final results for the year, the numbers are not the story – the renewal of the California contract remains the main consideration, while we also note positive noises in the UK. The signals for California (as we noted in our March initiation, “Special Sits to Evergreen”) are strongly po ....
