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Aferian PLC on Thursday said its loss narrowed during its most recent financial year, despite a decline in revenue, as a result of cost reduction work. Shares in Aferian were up 18% at 2.65 pence each in London on Thursday afternoon. The stock remains down 79% over the past year, however. The Cambridge, England-based business-to-business video streaming company said its pretax loss narrowed to $14.5 million during the financial year that ended November 30 from $64.7 million the year before. Revenue, on the other hand, declined 45% to $26.3 million from $47.8 million, which was largely driven by a fall in revenue within its Amino PayTV division. During the second half of the year, Aferian completed cost reduction programmes that generated around $6 million in annualised cost savings, which prompted a return to positive adjusted earnings before interest, tax, depreciation and amortisation, and cash generation. Cost of sales decreased 56% to $10.0 million from $22.8 million, and operating expenses were reduced by 68% to $28.8 million from $89.0 million. Aferian’s adjusted loss before interest, tax, depreciation and amortisation for the year was $700,000, swung from earnings of $1.6 million a year prior. This was the result of a $2.3 million loss in the first half, and a $1.6 million Ebitda profit in the second half. ‘Aferian is now a turnaround story. We have started [financial year] 2025 strongly and are significantly ahead of the same period last year,’ said Chief Executive Officer Mark Carlisle. ‘Given the increased level of sales orders already received, we expect a greater than 10% revenue growth in FY2025, positive adjusted Ebitda for the year, and positive free cash flow. Once new financing terms are secured, the company will be well positioned for the future.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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