Pennant International Group plc (LON:PEN), the systems support software and training solutions company, has announced its Interim Results for the six months ended 30 June 2024.
Commenting on the results, Chairman Ian Dighé said:
“I am pleased to report that the Group has maintained positive earnings before interest, taxation and amortisation for the First Half.”
“We remain firm in our strategic direction, and with the impending launch of our Auxilium software suite, we believe we are well-placed to deliver growth. The necessary restructuring of the Group’s training systems business will allow us to focus on longer-term opportunities for our software, systems and services offerings in the defence space and beyond.”
Financial Summary
| ADJUSTED RESULTS (1) – GROUP | H1 24 | H1 23 | Change |
| Revenue | £7.4m | £7.1m | 4% |
| EBITA | £0.6m | £0.6m | -4% |
| Loss before tax | £(0.4)m | £(0.3)m | -57% |
| Loss per share – basic | £(1.11)p | £(0.74)p | -50% |
| Net debt (excluding lease liabilities) | £1.6m | £1.9m | 19% |
| IFRS RESULTS – GROUP | H1 24 | H1 23 | Change |
| Revenue | £7.4m | £7.1m | 4% |
| EBITA | £0.6m | £0.5m | 17% |
| Loss before tax | £(0.4)m | £(0.4)m | -12% |
| Loss per share – basic | £(1.08)p | £(1.01)p | -7% |
| Net debt (including lease liabilities) | £2.2m | £2.6m | 14% |
