**Summary of Ingenta PLC Half-Year Report (H1 2025)**
**Financial Performance**
**Revenue**£5.2 million (up from £5.1 million in H1 2024), with 88% of revenue recurring (vs. 87% in 2024).
**Gross Profit Margin**Improved to 51% (from 48% in 2024).
**Adjusted EBITDA**Increased by 29% to £0.9 million (from £0.7 million in 2024).
**Cash from Operations**Up 75% to £0.7 million (from £0.4 million in 2024).
**Cash Balances**Rose to £3.9 million (from £3.0 million at 31 December 2024).
**Adjusted Earnings per Share**Up 38% to 5.86 pence (from 4.25 pence in 2024).
**Interim Dividend**Increased by 17% to 1.75 pence per share (from 1.5 pence in 2024).
**Operational Highlights**
**Commercial Revenue**Grew by 9% to £3.7 million, driven by expanded Managed Services revenue from existing customers.
**Content Revenue**Declined by 13% to £1.4 million due to lower implementation revenue and customer exits.
**Sales Team Expansion**Recruitment of a new sales team completed, with key positions filled in July 2025.
**Upsell Opportunities**Active efforts to upsell to existing customers, with a strong pipeline of proposals awaiting customer decisions in H2 2025.
**Strategic Initiatives**
**Marketing Enhancement**Appointed a Director of Marketing in January 2025 to boost digital outreach and industry presence.
**Account Management**Strengthened processes to identify opportunities and deliver solutions, leading to significant recurring revenue potential in 2026 and beyond.
**Project Progress**All Group projects remain on track for completion by the end of 2025.
**Chairman’s Commentary**
Martyn Rose highlighted progress in strengthening the sales and marketing teams, which is expected to offset the decline in legacy business and drive future growth. The Board remains confident in meeting market expectations for the year and anticipates substantial new business wins in the medium term.
**Outlook**
The Group is optimistic about its market position and expects new sales momentum to build as the expanded team becomes fully effective. Results for the year are on track, and the Board anticipates resuming overall growth in revenues and profits in the future.
**Key Financial Metrics (H1 2025 vs. H1 2024)**
Revenue£5.2m vs. £5.1m
Gross Profit£2.6m vs. £2.4m
Adjusted EBITDA£0.9m vs. £0.7m
Cash from Operations£0.7m vs. £0.4m
Adjusted EPS5.86p vs. 4.25p
**Dividend**
An increased interim dividend of 1.75 pence per share will be paid on 31 October 2025, with an ex-dividend date of 25 September 2025.
**Conclusion**
Ingenta PLC demonstrated resilience in H1 2025, with improved financial performance, strategic investments in sales and marketing, and a focus on recurring revenue. The Group is well-positioned for future growth, despite near-term challenges in legacy business decline.