Kooth

KOO · AIM · Technology · mcap £67m · 183.0p

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Financials · LTM to 30 Jun 26

Source: results 23 Sep 26 ↗

Revenue: £62.0m
Operating profit: £7.4m
Net income: £5.8m
Free cash flow: £6.6m
Net cash: £23.1m
Market cap: £66.6m
EV / EBIT: 5.9×
FCF yield: +9.9%
Price / book: 1.9×

Latest half-year · H1 26 vs H1 25 results 23 Sep 26 ↗

Revenue: £30.8m
Operating profit: £2.0m
Net income: £2.0m
Cash from operations: £3.6m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures · multi-year

Income statement Balance sheet Cash flow

Latest interim Latest annual

Unaudited Half Year Results, published 23 Sep 26 · read the announcement ↗

Condensed Consolidated Statement of Comprehensive Income · For the six months ended 30 June 2026

	Six months ended 30 June 2026 Unaudited £'000	Six months ended 30 June 2025 Unaudited £'000	Year ended 31 December 2025 Audited £'000
Revenue	30,822	32,088	63,286
Cost of sales	(7,969)	(11,934)	(17,004)
Gross profit	22,853	20,154	46,283
Administrative expenses	(20,886)	(22,223)	(42,891)
Operating profit/(loss)	1,967	(2,069)	3,392
Analysed as
Adjusted EBITDA	5,271	2,607	11,334
Depreciation and amortisation	(2,999)	(3,069)	(6,197)
Share based payment expense	(223)	(600)	(1,107)
Foreign exchange movement	(82)	(1,007)	(638)
Operating profit/(loss)	1,967	(2,069)	3,392
Other income	161	0	261
Interest income	518	344	718
Profit/(loss) before tax	2,646	(1,725)	4,370
Tax	(661)	470	(1,762)
Profit/(loss) after tax	1,985	(1,255)	2,608
Other comprehensive income
Items that are or may be reclassified subsequently to profit or loss
Foreign currency translation differences	528	(129)	(291)
Total comprehensive profit/(loss) for the period	2,513	(1,384)	2,317
Profit/(loss) per share - basic (£)	0.05	(0.03)	0.07
Profit/(loss) per share - diluted (£)	0.05	(0.03)	0.07

Condensed Consolidated Balance Sheet · As at 30 June 2026

	30 June 2026 Unaudited £'000	30 June 2025 Unaudited £'000	31 December 2025 Audited £'000
Assets
Non-current assets
Goodwill	511	511	511
Development costs	8,140	9,100	8,464
Property, plant and equipment	180	219	180
Deferred tax	408	1,679	401
Total non-current assets	9,239	11,509	9,556
Current assets
Trade and other receivables	6,013	7,654	5,088
Contract assets	4,067	783	3,040
Cash and cash equivalents	23,130	15,261	21,580
Total current assets	33,210	23,698	29,708
Total assets	42,449	35,207	39,264
Liabilities
Current liabilities
Trade payables	(808)	(1,595)	(693)
Contract liabilities	(1,124)	(1,255)	(1,553)
Accruals and other creditors	(4,895)	(3,838)	(4,545)
Tax liabilities	(1,278)	(1,116)	(881)
Total current liabilities	(8,105)	(7,804)	(7,672)
Net current assets	25,105	15,894	22,036
Net assets	34,344	27,403	31,592
Equity
Share capital	1,835	1,835	1,835
Treasury shares	(694)	(1,500)	(1,088)
Share premium account	23,444	23,444	23,444
Retained earnings	10,504	4,721	8,577
Share-based payment reserve	2,924	2,938	3,021
Capital redemption reserve	115	115	115
Merger reserve	(4,104)	(4,104)	(4,104)
Translation reserve	320	(46)	(208)
Total equity	34,344	27,403	31,592

Condensed Consolidated Statement of Cash Flows · For the six months ended 30 June 2026

	Six months ended 30 June 2026 Unaudited £'000	Six months ended 30 June 2025 Unaudited £'000	Year ended 31 December 2025 Audited £'000
Cash flows from operating activities
Profit/(loss) for the period	1,985	(1,255)	2,608
Adjusted for
Depreciation, amortisation and impairment	2,999	3,069	6,197
Income tax paid	(74)	(981)	(1,350)
Share based payment expense	223	600	1,107
Income tax recognised	661	(470)	1,762
Other income	(161)	0	(261)
Interest income	(518)	(344)	(718)
	5,115	619	9,345
Movements in working capital
(Increase)/decrease in trade and other receivables	(1,698)	588	897
Increase/(decrease) in trade and other payables	153	(3,791)	(4,688)
Net cashflow from operating activities	3,570	(2,584)	5,554
Cash flows from investing activities
Purchase of property, plant and equipment	(83)	(49)	(72)
Additions to intangible assets	(2,594)	(1,960)	(4,381)
Interest income	518	344	718
Net cash used in investing activities	(2,159)	(1,665)	(3,735)
Cash flows from financing activities
Acquisition of treasury shares [4]	-	(1,483)	(1,483)
Net cash from financing activities	-	(1,483)	(1,483)
Net increase/(decrease) in cash and cash equivalents	1,411	(5,732)	336
Exchange adjustments	139	(848)	(597)
Cash and cash equivalents at the beginning of the period	21,580	21,841	21,841
Cash and cash equivalents at the end of the period	23,130	15,261	21,580

2025 Full Year Results, published 08 Apr 26 · read the announcement ↗

Consolidated statement of financial position · As at 31 December 2025

	31 December 2025 £'000	31 December 2024 £'000
Assets
Non-current assets
Goodwill	511	511
Development costs	8,464	10,124
Right of use asset	-	20
Property, plant and equipment	180	266
Deferred tax	401	1,244
Total non-current assets	9,556	12,165
Current assets
Trade and other receivables	5,088	8,733
Contract assets	3,040	292
Cash and cash equivalents	21,580	21,841
Total current assets	29,708	30,866
Total assets	39,264	43,031
Liabilities
Current liabilities
Trade payables	(693)	(2,683)
Contract liabilities	(1,553)	(3,781)
Lease liability	-	(23)
Accruals and other creditors	(4,545)	(5,264)
Tax liabilities	(881)	(1,526)
Total current liabilities	(7,672)	(13,277)
Net current assets	22,036	17,589
Net assets	31,592	29,754
Equity
Share capital	1,835	1,834
Treasury shares	(1,088)	(17)
Share premium account	23,444	23,444
P&L reserve	8,577	5,955
Share-based payment reserve	3,021	2,444
Capital redemption reserve	115	115
Merger reserve	(4,104)	(4,104)
Translation reserve	(208)	83
Total equity	31,592	29,754

Consolidated cash flow statement · For the year ended 31 December 2025

	2025 £'000	2024 £'000
Cash flows from operating activities
Profit for the year	2,608	8,034
Adjustments
Depreciation, amortisation and impairment	6,197	5,692
Income tax paid	(1,350)	(624)
Share based payment expense	1,107	1,222
Income tax recognised	1,762	1,824
Other income	(261)	-
Interest income	(718)	(702)
	9,345	15,446
Movements in working capital
Decrease/(Increase) in trade and other receivables	897	(1,600)
(Decrease)/Increase in trade and other payables	(4,688)	3,241
Net cashflow from operating activity	5,554	17,087
Cash flows from investing activities
Purchase of property, plant and equipment	(72)	(120)
Additions to intangible assets	(4,381)	(6,887)
Interest income	718	702
Net cash used in investing activities	(3,735)	(6,305)
Cash flows from financing activities
Acquisition of treasury shares	(1,483)	-
Net cash from financing activities	(1,483)	-
Net increase in cash and cash equivalents	336	10,782
Foreign exchange adjustments	(597)	55
Cash and cash equivalents at the beginning of the year	21,841	11,004
Cash and cash equivalents at the end of the year	21,580	21,841

As published in the company's results announcement: every line, heading and subtotal, read automatically from the text. Figures in brackets are negative; units as stated in the column headings.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 23 Sep 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	62.0	63.3	–
Gross profit	49.0	46.3	–
Adjusted EBITDA	14.0	11.3	15.8
Operating profit	7.4	3.4	–
Amortisation	–	(6.0)	(5.2)
Share-based payments	(0.7)	(1.1)	1.2
Operating profit to net income
Profit before tax	8.7	4.4	9.9
Tax	(2.9)	(1.8)	(1.8)
Net income (owners)	5.8	2.6	8.0
Per share
EPS basic	15.0p	7.0p	22.0p
EPS diluted	15.0p	7.0p	21.0p

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	30.8	−4%	31.2	32.1
Gross profit	22.9	+13%	26.1	20.2
Adjusted EBITDA	5.3	+102%	8.7	2.6
Operating profit	2.0	n/m	5.5	(2.1)
Share-based payments	(0.2)	−63%	(0.5)	(0.6)
Operating profit to net income
Profit before tax	2.6	n/m	6.1	(1.7)
Tax	(0.7)	n/m	(2.2)	0.5
Net income (owners)	2.0	n/m	3.9	(1.3)
Per share
EPS basic	5.0p	–	10.0p	(3.0p)
EPS diluted	5.0p	–	10.0p	(3.0p)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	11.7	5.6	17.1
Tax paid	(0.4)	(1.4)	(0.6)
Investing activities
Capex (PP&E)	(0.1)	(0.1)	(0.1)
Capex (intangibles)	(5.0)	(4.4)	(6.9)
Financing activities
Share buybacks	0.0	(1.5)	0.0

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	3.6	n/m	8.1	(2.6)
Tax paid	(0.1)	−92%	(0.4)	(1.0)
Investing activities
Capex (PP&E)	(0.1)	n/m	(0.0)	(0.0)
Capex (intangibles)	(2.6)	+32%	(2.4)	(2.0)
Financing activities
Share buybacks	0.0	n/m	0.0	(1.5)

	Latest Jun 26	FY 25	FY 24
Non-current assets
Goodwill	0.5	0.5	0.5
Other intangibles	8.1	8.5	10.1
Property, plant & equipment	0.2	0.2	0.3
Non-current assets	9.2	9.6	12.2
Current assets
Trade receivables	6.0	5.1	8.7
Cash	23.1	21.6	21.8
Current assets	33.2	29.7	30.9
Total assets	42.4	39.3	43.0
Current liabilities
Trade payables	0.8	0.7	–
Lease liabilities, current	–	0.0	0.0
Current liabilities	8.1	7.7	13.3
Equity
Total equity	34.3	31.6	29.8
Net cash and other figures
Net cash / (debt) ex leases	23.1	–	–
Shares in issue	36.7m	36.7m	36.7m
Treasury shares	–	0.7m	0.0m
Undrawn facilities	9.5	9.5	–

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Goodwill	0.5	0.5	0.5	0.5
Other intangibles	8.1	8.5	9.1	10.1
Property, plant & equipment	0.2	0.2	0.2	0.3
Non-current assets	9.2	9.6	11.5	12.2
Current assets
Trade receivables	6.0	5.1	7.7	8.7
Cash	23.1	21.6	15.3	21.8
Current assets	33.2	29.7	23.7	30.9
Total assets	42.4	39.3	35.2	43.0
Current liabilities
Trade payables	0.8	0.7	1.6	–
Lease liabilities, current	–	0.0	–	0.0
Current liabilities	8.1	7.7	7.8	13.3
Equity
Total equity	34.3	31.6	27.4	29.8
Net cash and other figures
Net cash / (debt) ex leases	23.1	–	15.3	–
Shares in issue	36.7m	36.7m	36.7m	36.7m
Treasury shares	–	0.7m	–	0.0m
Undrawn facilities	9.5	9.5	–	–

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.