Ondo Insurtech

ONDO · Main Market · Industrial Goods and Services · mcap £17m · 7.2p 2 open situations →

EV: £23.2m
EV / EBIT: –
Net debt: £5.5m
FCF yield: -27.8%
Revenue: £4.6m
Share price 1y: −74%
Insiders 12m: sold £42k
Next report: around 2 Dec

Beta Briefing, track record and signals & risks are not ready for Ondo Insurtech yet.

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Timeline · every situation

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2026 Nationwide LeakBot rollout LeakBot Edge development Short-term funding requirement Placing of 53% of the market value Results below expectations

Open · 2

Transformational contract / build-out

Nationwide LeakBot rollout

Deployment began March 2026

Alm. Brand's trial began in early 2025. On 9 Feb 2026 it committed to a minimum of 15,000 devices over 18 months, and on 13 Apr 2026 it offered LeakBot to up to 160,000 homeowners. The 31 Jul 2026 results confirm deployment began in March 2026 and give Denmark at 39,000 Active LeakBots, +25%, at 30 June. Contract value is still not stated.

Trial: Launched early 2025; results verified expectations on claims prevention, satisfaction and loyalty 9 Feb 2026 ↗
Contract value: Not stated 30 Jul 2026 ↗
Scale: Offered to up to 160,000 homeowners across its brands (13 Apr 2026) 13 Apr 2026 ↗
Earlier commitment: Minimum 15,000 devices ordered and distributed over 18 months (9 Feb 2026) 13 Apr 2026 ↗
Brands: Alm. Brand, Codan and Privatsikring 13 Apr 2026 ↗
Firm commitment: Alm. Brand 'indicated' intent; no new committed device count stated 13 Apr 2026 ↗

Next: Deployment of minimum 15,000 devices over 18 months

30 Jul 2026 Further order intended, not yet firm
22 Jun 2026 Further 35,000-unit order intended
13 Apr 2026 Extended to up to 160,000 homeowners
9 Feb 2026 Trial completed; full rollout committed

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Project milestones

LeakBot Edge development

Alpha testing done; funding being raised

Includes Fundraise for US expansion – Completed in July 2026, closed 30 Jul 2026

Next: Complete development and commercialise using fundraise proceeds

3 Dec 2025 Alpha testing done; funding being raised
3 Dec 2025 Design-for-manufacture funding planned

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Closed · 3

Balance-sheet stress / refinancingShort-term funding requirement Refinancing completed July 2026 · 21 Apr 2026 – 30 Jul 2026 Dilutive fundraisePlacing of 53% of the market value completed · 22 Jun 2026 – 29 Jul 2026 +72% Upgrade / downgrade cycleResults below expectations below expectations · 3 Dec 2025 – 3 Mar 2026 −88%

Company filings. Not investment advice.