ENGAGE XR’s H1 25 results show H1 25 revenue of €1.2m, strong progress on cost, and an outlook that highlights YTD revenue of €1.8m with a focus on cost and cash generation, which leads us to upgrade FY25E adjusted EBITDA and FY25E & FY26E net cash. H1 25 revenue of €1.2m compares to €2.2m in H1 24 and €1.2m in H2 24, which reflects the strategic focus on scaling education licence revenue, with €0.7m of H1 25 education licence revenue and normalised education net revenue retention of 98% YTD. H1 ....
