Trading Update
IXICO plc reported a strong first half of trading for the six months ended 31 March 2026, with revenues expected to increase by 23% to £3.9 million, driven by new contracts and increased analysis volume. The company anticipates a gross margin improvement to 53% and a significant 38% rise in its order book to £18.1 million. While the loss before interest, tax, depreciation, and amortization is projected to narrow to £0.5 million, the cash position stands at £1.7 million following a £10 million capital raise on 31 March 2026 to support its Tech Bio strategy.
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21 April 2026: IXICO plc (AIM: IXI), IXICO, a global leader in neuroscience imaging and biomarker analytics, using its AI-driven platform to help advance drug development in neurological disorders, today provides a trading update ahead of its interim results for the six months ended 31 March 2026.
Key metrics:
- Revenues expected to be up 23% to £3.9 million (H1 2025: £3.2m), driven by new contract wins, contract extensions and an increased volume of analyses in H12026 relative to the equivalent prior period.
- Gross margin expected to increase to 53% (H1 2025: 50%).
- Order book* expected to be £18.1 million; an increase of 38% on 31 March 2025 (H1 2025: £13.1m) and 31% on 30 September 2026 (FY 2025: £13.8m).
- Loss before interest, tax, depreciation and amortization expected to be £0.5 million (H1 2025: £0.7m loss); reflecting increased revenues, offset by full period impact of investments made in the Company's Innovate, Lead, Scale strategy to deliver sustained revenue growth.
- Cash position of £1.7 million (H1 2025: £5.0m).
- The Group announced a capital raise of £10 million (£9.4 million after placing costs) on 31 March 2026 to support the Group's Tech Bio strategy to partner its IXITM platform within the wider infrastructure of CROs, CTMS and, ultimately, Clinical Healthcare providers.
*Order book refers to those client contracts that have been signed by the Group but not yet delivered.
Notice of Results
The Company's first half results will be released on 19 May 2026. Bram Goorden (CEO) and Grant Nash (CFO) will provide a live presentation to all existing and potential shareholders relating to the Interim Results and the Company's progress and ongoing strategy via:
The Investor Meet Company platform on 19 May 2025 at 16:30 BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 09:00 BST on 18 May 2026, or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet IXICO PLC via:
Investors who already follow IXICO PLC on the Investor Meet Company platform will automatically be invited.
A recording of the results presentation will be made available on the Group's website.
Bram Goorden, CEO of IXICO, said: "The first half of the 2026 financial year saw strong continued revenue growth driven by new contract wins and extensions, and increased biomarker analysis activity. This momentum, combined with improved operational leverage, has delivered an increase in gross margin while our order book has also grown significantly, providing good visibility of future revenues. While we continue to invest for growth, we have reduced our EBITDA loss year-on-year, demonstrating progress towards profitability. I am also very excited about the recently announced capital raise which aims at deriving increased value from our IXITM platform as a premium technology."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.