AdvancedAdvT (ADVT) Trading Update summary

Financial performance

• Group revenue for the half year is expected to be around £19.5m, with adjusted EBITDA of approximately £4m, in line with Board expectations.

• Net cash and investments as of 31 August 2024 totaled £108.3m, including net cash of £8m and an investment in M&C Saatchi plc.

Operational highlights

• All acquired units are benefiting from financial actions implemented since acquisition, driving positive momentum.

• SaaS revenues, particularly in Resource Scheduling, have shown positive growth, contributing to improved performance.

Strategic outlook

• Focus remains on customer value and organic business growth, especially in AI offerings.

• The Group is committed to exploring acquisition opportunities to further expand its presence across digital sectors and geographies.

• Half year results are expected to be published in mid-November 2024.