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Aferian PLC on Monday said it expects full-year revenue to be around 20% higher than the prior financial year, as it reported improvements in its interim numbers. The Cambridge, England-based business-to-business video streaming company reported a pretax loss of $1.4 million for the six months that ended May 31, narrowing from $10.9 million a year earlier. Driving the improved earnings was a reduction in expenses and an advance in Aferian’s top line. Revenue rose 37% to $16.6 million from $12.2 million, with this owed primarily to a strong sales performance from Amino. This segment reported revenue of $9.3 million, up 94% from $4.8 million, reflecting ‘robust demand across both Pay TV and Enterprise Video & Digital Signage segments.’ Operating expenses fell 44% to $9.9 million from $17.6 million, with Chief Executive Mark Carlisle noting the positive impact on earnings from its ‘restructured cost base.’ Aferian said it is currently in the process of refinancing its bank facilities which are due for repayment in September but with no agreement yet signed. Subject to a successful refinancing agreement, Aferian said it is positioned well to deliver against its ‘strong’ second half order book. Full-year revenue is also now expected to be around 20% ahead of financial 2024, with financial 2025 results anticipated to land in line with its expectations. In financial 2024, Aferian reported full-year revenue of $26.3 million. Shares in Aferian were down 4.6% at 3.10 pence on Monday morning in London. CEO Carlisle said: ‘The momentum we established in the second half of last year has continued into H1 2025. We’ve delivered a significant improvement in financial performance, grown revenue by over a third compared to H1 2024 which, combined with the benefits of the previous cost action results in a return to profitability. The group’s strong and visible commercial orderbook underpins expectations for H2 2025 stable. ‘As we look ahead, our priorities remain clear: scaling recurring software revenues, convert our strong pipeline, and complete the refinancing of our lending facilities ahead of their maturity in September 2025. Refinancing discussions are ongoing, and we remain confident in reaching a resolution that will support our growth strategy and provide a stronger platform for the future.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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