Published: October 30, 2025 at 8:43 am
Cloud services provider iomart Group has reported a 25% rise in revenue to £77.7 million for the six months ended 30th September 2025, in line with expectations.
The increase was primarily driven by the £21.7m contribution from Atech, which it acquired in October 2024.
Excluding acquisitions, the traditional iomart business saw a £6m decline due to prior-year customer churn, though renewal rates have since improved and new bookings remain strong.
The company expects adjusted EBITDA of £12.7m, down from £17m last year, with an adjusted loss before tax of £2.3 million anticipated, largely due to increased interest costs linked to the Atech deal.
Despite shares dropping by nearly 3% to 21p so far today, the Glasgow-based company expects a stronger second half, driven by sustained demand, reduced customer churn and £4m in annualised cost efficiencies already achieved, with further savings and new sales initiatives in progress.