REG - SEEEN PLC - Trading Update

SEEENAnnouncement

28/01/2026 07:00

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RNS Number : 6252Q  SEEEN PLC  28 January 2026

Prior to publication, the information contained within this announcement was
deemed by the Company to constitute inside information for the purposes of
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
With the publication of this announcement, this information is now considered
to be in the public domain.

 

 

SEEEN plc

("SEEEN", the "Group" or the "Company")

Trading Update

 

Trading in line with Full Year 2025 expectations

 

SEEEN plc (AIM: SEEN), the Smart Video technology business that delivers
AI-infused Key Video Moments to drive increased views and revenues across all
video content, announces its unaudited trading and operational update for the
year ended 31 December 2025 ("FY2025") together with its 2026 outlook.
Revenue jumped 70% with operational gearing bringing cross-over to operating
cash flow breakeven on a sustained basis. Operationally, a key driver for our
technology offering remains a 9% average Clickthrough Rate, as opposed to
industry standards of 1-2%, driving direct value for SEEEN's customers.

Having achieved a critical mass of referenceable customers and with 90% of our
revenue from repeat and recurring sources with significant gains in both the
CSP and Technology businesses, the Board believes the Company is well
positioned to leverage its operational gearing in 2026 and beyond.

FY 2025 Financial Highlights

·    Group revenue increased 70% to $5.1m (2024: $3.0m), SEEEN's second
consecutive year of growth above 45%

o  CSP (YouTube Creator Services Partner business, formerly Multichannel
Network) revenues increased 71% to $4.8m (2024: $2.8m)

o  Technology revenues up 50% to $0.3m (2024:  $0.2m)

o  Recurring and repeat revenues more than 90% of Group revenues

·    Gross profit doubled to approximately $1.2m (2024: $0.6m)

o  Gross margin of 23.5% (2024: 21.2%), reflecting improved revenue mix

·    Maiden annual positive Adjusted EBITDA* of approximately $0.3m (2024:
loss of $0.5m)

·    Achieved sustained monthly operating cash flow breakeven during the
period

·    Cash position of approximately $1.4m (2024: $1.0m), providing
flexibility for potential selective investment in earnings accretive
partnerships

Operational and Strategic Highlights

·    Signed largest ever contract on a multi-year basis with publishing
house, expected to be worth up to $3.5m in annual revenues upon completion of
milestones, with revenue run rate at year end of approximately $1.8m

o  Added approximately 30 new customers during the year, across both CSP and
technology segments

·    Continued progress with selling the Group's technology products
across different verticals, with particular traction in the sports and
charitable foundation verticals for technology products

o  Average 9% clickthrough rates (versus 1-2% standard clickthrough rate on
video platforms), linked to sales, within customer videos is driving over 100%
ROI for certain key customers

·    Further success in cross selling SEEEN's technology and services:

o  CSP division continues to act as a profitable customer acquisition funnel
for high-margin Technology sales

o  Sales of ShortsCut to technology clients are driving cross-sales into the
CSP division, accelerating the creation and publishing of short-form and
remixed content from longer-form video (such as podcasts)

·    Completion of initial version of training and education product,
allowing for 2026 roll-out into this vertical

·    Group's proprietary database of processed 'Key Video Moments' has
grown significantly, further training our specific AI models to outperform
generic tools in our target verticals

·    Early warrant exercise by certain warrantholders and new ordinary
shares subscribed for during the period to raise £0.7 million

 

2026 Outlook

·    Annualised revenue run-rate at year end of approximately $6.8m**,
reflecting continued growth in both technology and CSP sales

·    Healthy sales pipeline primarily driven by the 'Training and
Education' and 'Sports' verticals, alongside continued expansion of the CSP
offering to include optimization for existing partners using SEEEN's
technology for both 'Shorts' and re-mixing of videos

·    CFO expected to be appointed ahead of 2025 audit, which will be
released during Q2 2026.

 

Adrian Hargrave, CEO of the Group, stated: "We are all delighted that SEEEN
has delivered another year of significant growth and moved into sustained
operating cash flow breakeven. This demonstrates both the strength of our
technology offering and our ongoing sales execution. Having established the
financial foundations, combined with a market demand for monetising video,
SEEEN is well positioned to continue our growth trajectory, especially as we
leverage current areas of strength, such as training and sports.

I am grateful to our shareholders for their support and we will continue to
execute on our growth strategy to deliver shareholder value from our
AI-infused video moments. We will continue to deploy capital to accelerate
organic customer growth. However, given our operational gearing, we will also
review selective potential acquisition opportunities, particularly in our core
verticals, where we can integrate complementary businesses into our platform
to deliver immediate accretive value.

I look forward to continued growth in 2026 and reporting on our financial
results and customer and partnership highlights as the year progresses."

Notes

* EBITDA adjusted for share-based payments and non-core costs

** Annualised revenues assumes a run rate of revenues combining (i) technology
based SaaS sales and (ii) December 2025 levels of YouTube advertising income
from channel partners, which can be volatile

 

 

 SEEEN plc                                     Tel: +44 (0)7775 701 838
 Adrian Hargrave, Chief Executive Officer

 Dowgate Capital Limited - Joint Broker        Tel: +44 (0)20 3903 7715
 Paul Richards / Amber Higgs / Daniel Ingram

 Capital Plus Partners Limited - Joint Broker  Tel: +44 (0)20 3821 6167
 Jonathan Critchley

 Allenby Capital Limited - Nominated Adviser   Tel: +44 (0)20 3328 5656
 Alex Brearley / Ashur Joseph

 focusIR - Investor Relations                  Tel: +44 (0)20 4570 2234
 Paul Cornelius / Kat Perez                    email: seeen@focusir.com

 

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