**Summary of SEEEN PLC Interim Results for H1 2025**
**Financial Performance**
**Revenue Growth** SEEEN PLC reported an **87% increase in revenues** to **$2.1 million** for the six months ended June 30, 2025, compared to $1.1 million in H1 2024.
**Gross Profit** Gross profit rose by **62%** to **$0.6 million**, driven by strong revenue growth and a slightly lower margin due to sales mix changes.
**EBITDA** The company achieved its **first full six months of positive EBITDA**, with an adjusted EBITDA of **$0.1 million**, compared to a loss of $0.3 million in H1 2024.
**Cash Position** Cash reserves increased to **$1.4 million** as of June 30, 2025, up from $1.0 million at the end of 2024, supported by operating cash flow and shareholder warrant exercises.
**Operational Highlights**
**Major Contract Win** Signed a potentially **largest-ever contract** for YouTube Creator Service Partner (CSP) services, expected to generate **$3.5 million in annual revenues** upon milestone completion. To date, this contract contributes **$1.0 million annually**.
**Annualised Revenue Run Rate** Increased to **$6.5 million**, up from $5.8 million at the end of H1 2025, reflecting strong growth momentum.
**Market Positioning** Strong demand for **AI-infused Video Moments**, with SEEEN well-positioned in sports, commerce, and media sectors. Clear ROI metrics for customers using SEEEN’s technology.
**Strategic Initiatives**
**Customer Expansion** Signed new business worth **$1.5 million in annualised revenues** since the start of 2025, with traction in sports and charitable foundation verticals.
**Upselling Success** Upsold technology services to CSP customers, driving up to **25% revenue increases** for key clients.
**Partnerships & Acquisitions** Strengthened cash position allows for selective investment in partnerships or acquisitions to accelerate growth, particularly in sports, commerce, and music sectors.
**Outlook**
**FY2025 Revenue Target** On track to exceed **$5.0 million in revenues** for the full year 2025, with Q4 traditionally the strongest quarter.
**Growth Drivers** Robust sales pipeline in sports, publishing, training, and digital marketing, along with reseller opportunities and strategic partnerships.
**2026 Focus** Piloting training solutions based on Key Video Moments, expected to drive additional growth in 2026.
**CEO’s Statement**
Adrian Hargrave, CEO, highlighted the company’s **upward trajectory** in sales and EBITDA, with confidence in achieving FY2025 targets. He emphasized the strong market demand for AI-infused video solutions and thanked shareholders for their support, including recent warrant exercises.
**Financial Statements Key Figures**
**Loss for the Period** **$0.52 million** (H1 2025) vs. **$0.94 million** (H1 2024).
**Cash Flow** Net cash outflow from operations of **$0.47 million** in H1 2025, offset by financing activities generating **$1.07 million**.
**Total Assets** **$3.67 million** as of June 30, 2025, with **$1.41 million** in cash and cash equivalents.
**Conclusion**
SEEEN PLC demonstrated significant progress in H1 2025, with strong revenue growth, positive EBITDA, and strategic contract wins. The company is well-positioned for continued expansion, supported by a robust pipeline and a strengthened financial position.