Tialis Essential IT

TIA · AIM · Technology · mcap £14m · 41.5p

Tialis provides IT lifecycle, end-user support, tech bar and field engineering services, mainly to large UK corporate and public sector customers. It also holds investments through its AI Auxesis subsidiary and stakes in other businesses.

Target	Promise	Said	Status
2024
FY24	Further improvement in revenue, profit and cash generation in 2024.	17 Jan 2024	✗ Missed
	“We expect further improvement in 2024 across revenue, profit and cash generation” Result FY24 revenue fell to £20.8m from £22.4m, EBITDA flat at £2.0m and loss after tax widened to £3.2m. 12 May 2025 · Final Results and Notice of AGM
FY24	85% of 2024 revenue from existing contracts, remainder from new business.	10 May 2024	… In progress
	“Our expectation for the year is that 85% of revenue will come from existing contracts with the remainder through new business wins” Status so far Not yet due.
2025
31 Mar 2025	Repay MXC convertible loan by 31 March 2025.	10 Sep 2024	✓ Kept
	“the Company expects to repay the loan by 31 March 2025” Result January 2025 update reported loan notes repaid of £4.2m and £4m RCF refinancing completed. “The RCF was used for early repayment of the loan notes of £4.2m which were due for repayment in January and December 2025.”6 Jan 2025 · Trading Update
2025-04	Provide further contract updates during year-end reporting in April 2025.	21 Jan 2025	◐ Partly kept
	“The Company will provide further contract updates during year-end reporting, which is expected in April 2025.” Status so far Results came on 12 May 2025, later than April, with FY25 new business of £15m TCV. “New business awards of £15m TCV to date in 2025.”12 May 2025 · Final Results and Notice of AGM
Today · 13 Oct 2026
2026
FY26	Approximately 77% of 2026 revenue from existing contracts.	12 May 2026	… In progress
	“approximately 77% of expected 2026 revenue is supported by existing contracts” Status so far Not yet due.
H2 2026	Further Lifecycle progress, partner expansion and stronger H2 2026 revenue.	25 Aug 2026	… In progress
	“Management expects further progress in Lifecycle services, continued partner expansion and a stronger H2 revenue performance.” Status so far Not yet due.
2030
2030-09	Deliver services under the new framework and UK Government contracts over five years.	9 Sep 2025	… In progress
	“The contract, with a total value of approximately £15 million, will run over 5 years and involves the delivery of Lifecycle Services, Tech Bars, End User Support and Field Engineering” Status so far Not yet due.