Tialis Essential IT

TIA · AIM · Technology · mcap £14m · 36.0p

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Financials · LTM to 30 Jun 26

Source: results 25 Aug 26 ↗

Revenue: £16.4m
Operating profit: −£890k
Net income: −£1.1m
Free cash flow: £1.4m
Net debt: £2.3m
Market cap: £14.4m
EV / EBIT: –
FCF yield: +9.7%
Price / book: 1.1×

Latest half-year · H1 26 vs H1 25 results 25 Aug 26 ↗

Revenue: £7.6m
Operating profit: −£385k
Net income: −£402k
Cash from operations: £548k

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

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 26 (six months to 30 Jun 26), published 25 Aug 26 · read the results ↗

	FY 25£000 source
Continuing operations
Revenue	17,663
Cost of sales	(12,623)
Gross profit	5,040
Administrative expenses	(6,244)
Operating loss	(1,204)
Adjusted EBITDA*	1,752
Non underlying items	(429)
Depreciation	(397)
Amortisation and impairment	(1,262)
Fair value profit / (loss) on investments in financial assets	(86)
Fair value loss on deferred consideration and contingent consideration	(582)
Charges for share-based payments	(200)
Net financial costs	(344)
Share of post-tax profits / (losses) of equity accounted joint ventures	(180)
Loss on ordinary activities before taxation	(1,728)
Income tax	185
Loss for the period	(1,543)
Loss for the period attributable to
Non-controlling interest	51
Owners of the parent	(1,594)
Total loss for the period attributable to	(1,543)
Basic and diluted loss per share
Total basic and diluted loss per share	(5.55) p

	H1 26£000 source	H2 25£000 calc.	H1 25£000 source
Continuing operations
Revenue	7,623	8,815	8,848
Cost of sales	(5,393)	(6,363)	(6,260)
Gross profit	2,230	2,452	2,588
Administrative expenses	(2,615)	(2,957)	(3,287)
Operating loss	(385)	(505)	(699)
Adjusted EBITDA*	573	802	950
Non underlying items	(105)	(335)	(94)
Depreciation	(189)	(199)	(198)
Amortisation and impairment	(635)	(585)	(677)
Fair value profit / (loss) on investments in financial assets	23	(86)	-
Fair value loss on deferred consideration and contingent consideration	-	-	(582)
Charges for share-based payments	(52)	(102)	(98)
Net financial costs	(67)	(131)	(213)
Share of post-tax profits / (losses) of equity accounted joint ventures	58	(180)	-
Loss on ordinary activities before taxation	(394)	(816)	(912)
Income tax	28	142	43
Loss for the period	(366)	(674)	(869)
Loss for the period attributable to
Non-controlling interest	36	36	15
Owners of the parent	(402)	(710)	(884)
Total loss for the period attributable to	(366)	(674)	(869)
Basic and diluted loss per share
Total basic and diluted loss per share	(1.01) p	–	(3.63) p

	30 Jun 26£000 source	31 Dec 25£000 source
Non-current assets
Property, plant and equipment	301	477
Intangible assets	2,971	3,555
Investments in equity-accounted joint ventures	7,064	7,006
Investments in financial assets	886	913
Deferred tax asset	3,751	3,698
Trade and other receivables	100	800
Total non-current assets	15,073	16,449
Current assets Trade and other receivables	3,962	3,425
Cash and cash equivalents	299	664
Total non-current assets	4,261	4,089
Total assets	19,334	20,538
Current liabilities
Trade and other payables	2,329	2,573
Contract liabilities	485	319
Borrowings	227	349
Provisions	415	-
Total current liabilities	3,456	3,241
Non-current liabilities
Borrowings	2,405	3,116
Provisions	-	394
Total non-current liabilities	2,405	3,510
Total liabilities	5,861	6,751
Net assets	13,473	13,787
Equity attributable to equity holders of the parent
Share capital	12,767	12,767
Share premium	63,746	63,746
Equity reserves	58	58
Share-based payment reserves	832	780
Retained earnings	(64,142)	(63,740)
Total equity attributable to equity holders of the parent	13,261	13,611
Non-controlling interest	212	176
Total equity	13,473	13,787

	30 Jun 26£000 source	31 Dec 25£000 source	30 Jun 25£000 source
Non-current assets
Property, plant and equipment	301	477	551
Intangible assets	2,971	3,555	4,140
Investments in equity-accounted joint ventures	7,064	7,006	-
Investments in financial assets	886	913	200
Deferred tax asset	3,751	3,698	3,531
Trade and other receivables	100	800	100
Total non-current assets	15,073	16,449	8,522
Current assets Trade and other receivables	3,962	3,425	5,685
Cash and cash equivalents	299	664	537
Total non-current assets	4,261	4,089	6,222
Total assets	19,334	20,538	14,744
Current liabilities
Trade and other payables	2,329	2,573	6,068
Contract liabilities	485	319	387
Borrowings	227	349	337
Provisions	415	-	-
Total current liabilities	3,456	3,241	6,792
Non-current liabilities
Borrowings	2,405	3,116	4,040
Provisions	-	394	373
Total non-current liabilities	2,405	3,510	4,413
Total liabilities	5,861	6,751	11,205
Net assets	13,473	13,787	3,539
Equity attributable to equity holders of the parent
Share capital	12,767	12,767	12,613
Share premium	63,746	63,746	53,080
Equity reserves	58	58	58
Share-based payment reserves	832	780	681
Retained earnings	(64,142)	(63,740)	(63,033)
Total equity attributable to equity holders of the parent	13,261	13,611	3,399
Non-controlling interest	212	176	140
Total equity	13,473	13,787	3,539

	FY 25£000 source
Cash flows from operating activities
Total loss before tax	(1,728)
Adjustments for
Depreciation of property, plant and equipment	397
Amortisation of intangible assets	1,262
Fair value profit / loss on investments in financial assets	86
Net finance expenses	344
Share based payments	200
Share of post-tax losses of equity accounted joint ventures	180
Decrease in trade and other receivables	1,177
Decrease in trade and other payables and contract liabilities	(365)
Increase in provisions	42
Net cash flows generated from operating activities	1,548
Cash flow from investing activities
Acquisition of investments	(337)
Acquisition of subsidiary company	125
Acquisition of property, plant and equipment	(35)
Net cash used in investing activities	(247)
Cash flows from financing activities
Interest received	67
Interest paid	(382)
New share issue	125
Bank borrowings paid	(1,000)
Repayment of lease liabilities	(348)
Net cash absorbed by financing activities	(1,538)
Net decrease in cash and cash equivalents	(190)
Cash and cash equivalents at beginning of period	854
Cash and cash equivalents at end of period	664
Cash and cash equivalents comprise
Cash at bank	664

	H1 26£000 source	H2 25£000 calc.	H1 25£000 source
Cash flows from operating activities
Total loss before tax	(394)	(816)	(912)
Adjustments for
Depreciation of property, plant and equipment	189	199	198
Amortisation of intangible assets	635	585	677
Fair value profit / loss on investments in financial assets	(23)	86	-
Net finance expenses	67	131	213
Share based payments	52	102	98
Share of post-tax losses of equity accounted joint ventures	(58)	180	-
Decrease in trade and other receivables	162	1,060	117
Decrease in trade and other payables and contract liabilities	(103)	(265)	(100)
Increase in provisions	21	21	21
Net cash flows generated from operating activities	548	1,236	312
Cash flow from investing activities
Acquisition of investments	-	(337)	-
Acquisition of subsidiary company	-	-	125
Acquisition of property, plant and equipment	(4)	(16)	(19)
Net cash used in investing activities	(4)	(353)	106
Cash flows from financing activities
Interest received	62	58	9
Interest paid	(134)	(178)	(204)
New share issue	-	-	125
Bank borrowings paid	(650)	(500)	(500)
Repayment of lease liabilities	(187)	(183)	(165)
Net cash absorbed by financing activities	(909)	(803)	(735)
Net decrease in cash and cash equivalents	(365)	127	(317)
Cash and cash equivalents at beginning of period	664	-	854
Cash and cash equivalents at end of period	299	127	537
Cash and cash equivalents comprise
Cash at bank	299	127	537

	LTM Jun 26	FY 25
Revenue to operating profit
Revenue	16.4	17.7
Gross profit	4.7	5.0
Adjusted EBITDA	1.4	1.8
Exceptional / adjusting items	(0.4)	(0.4)
Operating profit	(0.9)	(1.2)
Depreciation (owned assets)	(0.4)	(0.4)
Amortisation	(1.2)	(1.3)
Share-based payments	(0.2)	(0.2)
Operating profit to net income
Fair value gains / losses	(0.1)	(0.1)
Finance costs	(0.2)	(0.3)
Profit before tax	(1.2)	(1.7)
Tax	0.2	0.2
Net income (owners)	(1.1)	(1.6)
Per share
EPS basic	(2.9p)	(5.5p)
EPS diluted	(2.9p)	(5.5p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	7.6	−14%	8.8	8.8
Gross profit	2.2	−14%	2.5	2.6
Adjusted EBITDA	0.6	−40%	0.8	0.9
Exceptional / adjusting items	(0.1)	n/m	(0.3)	(0.1)
Operating profit	(0.4)	n/m	(0.5)	(0.7)
Depreciation (owned assets)	(0.2)	−5%	(0.2)	(0.2)
Amortisation	(0.6)	−6%	(0.6)	(0.7)
Share-based payments	(0.1)	n/m	(0.1)	(0.1)
Operating profit to net income
Fair value gains / losses	0.0	n/m	(0.1)	0.0
Finance costs	(0.1)	−69%	(0.1)	(0.2)
Profit before tax	(0.4)	n/m	(0.8)	(0.9)
Tax	0.0	n/m	0.1	0.0
Net income (owners)	(0.4)	n/m	(0.7)	(0.9)
Per share
EPS basic	(1.0p)	–	(1.9p)	(3.6p)
EPS diluted	(1.0p)	–	(1.9p)	(3.6p)

	LTM Jun 26	FY 25
Operating activities
Cash from operations	1.8	1.5
Interest paid	(0.3)	(0.4)
Investing activities
Capex (PP&E)	(0.0)	(0.0)
Financing activities
Lease principal paid	(0.4)	(0.3)
Shares issued	0.0	0.1

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	0.5	+76%	1.2	0.3
Interest paid	(0.1)	−34%	(0.2)	(0.2)
Investing activities
Capex (PP&E)	(0.0)	n/m	(0.0)	(0.0)
Financing activities
Lease principal paid	(0.2)	+13%	(0.2)	(0.2)
Shares issued	0.0	n/m	0.0	0.1

	30 Jun 26	31 Dec 25
Non-current assets
Other intangibles	3.0	3.6
Property, plant & equipment	0.3	0.5
Associates & JVs	7.1	7.0
Other investments	0.9	0.9
Current assets
Trade receivables	4.0	3.4
Cash	0.3	0.7
Total assets	19.3	20.5
Current liabilities
Trade payables	2.3	2.6
Borrowings, current	0.2	0.3
Non-current liabilities
Borrowings, non-current	2.4	3.1
Total liabilities	5.9	6.8
Equity
Non-controlling interests	0.2	0.2
Total equity	13.5	13.8

	30 Jun 26	31 Dec 25	30 Jun 25
Non-current assets
Other intangibles	3.0	3.6	4.1
Property, plant & equipment	0.3	0.5	0.6
Associates & JVs	7.1	7.0	0.0
Other investments	0.9	0.9	0.2
Current assets
Trade receivables	4.0	3.4	5.7
Cash	0.3	0.7	0.5
Total assets	19.3	20.5	14.7
Current liabilities
Trade payables	2.3	2.6	6.1
Borrowings, current	0.2	0.3	0.3
Non-current liabilities
Borrowings, non-current	2.4	3.1	4.0
Total liabilities	5.9	6.8	11.2
Equity
Non-controlling interests	0.2	0.2	0.1
Total equity	13.5	13.8	3.5

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.