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TPXimpact Holdings PLC on Tuesday reported a narrowed interim loss due to a leaner operating model, as it approaches the end of its three-year transformation plan. Shares in TPXimpact jumped 44% to 22.00 pence on Tuesday afternoon in London. The London-based technology-enabled services company said pretax loss narrowed 59% to £1.7 million for the six months ended September 30 from £4.1 million a year ago. This was driven by a 13% drop in administrative expenses to £12.4 million from £14.4 million. Finance costs also fell 19% to £555,000 from £687,000. The bottom line was further supported by a 7.8% reduction in the cost of sales. This outpaced the 4.3% drop in revenue to £36.2 million from £37.8 million. TPXimpact said cost control, project execution and a leaner operating model - including a 9% reduced headcount compared to financial 2025 - helped narrow losses. Looking ahead, the company said current trading is in line with its expectations, and anticipates a modest second-half weighting. TPXimpact reaffirmed its adjusted earnings before interest, taxes, depreciation, and amortisation outlook range of between £6 million to £7 million for the current financial year. Last year, it reported an adjusted Ebitda of £5.6 million. It also updated the net debt target to below £6 million at year-end, with previous guidance between £7 and £8 million. ‘As we near the completion of our three year plan to turn around company performance and restructure the component parts of TPXimpact into three clear, branded, operational units, I am pleased with the continuing commitment of our teams to exceptional delivery for our clients,’ Chief Executive Bjorn Conway said. ‘The work to simplify the business, improve systems and strengthen management processes has resulted in significant tangible improvements in profitability, cash generation, and debt repayment against our historic comparators in FY25 and FY24’, Conway added.‘ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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