AIQ (AIQ) H1 2025 earnings summary

Executive summary

• No revenue generated in H1 2025, compared to £153k in H1 2024; focus remains on sourcing IT consultancy projects.

• Advanced negotiations ongoing for new projects, with optimism around data centre construction opportunities via a partnership with Centslink.

• Signed a Letter of Intent post-period with a US renewable energy provider for a potential data centre project.

• Board is closely monitoring cash and keeping strategic options open to deliver shareholder value.

Financial highlights

• Revenue was £0 in H1 2025 (H1 2024: £153k); gross loss of £2k (H1 2024: gross profit £79k).

• Administrative expenses reduced to £215k (H1 2024: £245k); operating loss increased to £218k (H1 2024: £175k loss).

• Loss before tax was £233k (H1 2024: £189k loss); net finance costs stable at £15k.

• Cash and cash equivalents at 30 April 2025 were £41k (31 Oct 2024: £30k); net current liabilities of £362k.

• Loss per share was £0.004 (H1 2024: £0.003).

Outlook and guidance

• Management expects to sign at least one contract by year-end, with a focus on data centre construction.

• Directors consider the Group a going concern but highlight material uncertainty due to reliance on new contracts and funding.