Trading Update
Mirriad Advertising plc expects full-year revenue to be approximately £0.4 million, with second-half revenue projected at £200,000, primarily from outside the US. The company reported cash of £1 million as of November 30, 2025, and anticipates a tax credit of around £350,000 shortly. Mirriad's monthly cost base has been significantly reduced to approximately £220,000. A full-year trading update will be provided in early January.
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Mirriad, a leading provider of virtual product placement ("VPP") provides an update on trading for the year ending 31 December 2025.
Revenue for the second half of the year ("H2") is expected to be approximately £200k, with some final revenue still expected to be recognised before the end of December. As a result, full year revenue is expected to be approximately £0.4m. The vast majority of revenue in H2 to date has been derived from ROW outside of the US.
Cash at 30 November 2025 was approximately £1m and the Company anticipates receiving a tax credit of c. £350k shortly. As announced in the interim results, the Company's cost base has been significantly reduced and is currently approximately £220k per month.
Mirriad will provide a full year trading update at the beginning of January.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.