REG - Tialis Essential IT - Trading Update

Tialis Essential ITAnnouncement

06/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250106:nRSF1458Sa&default-theme=true

RNS Number : 1458S  Tialis Essential IT PLC  06 January 2025

 

 

Tialis Essential IT Plc

 

("Tialis" or the "Company")

 

06 January 2025

Trading Update for the year ended 31 December 2024

 

 

Tialis, the mid-market IT Managed Services provider, gives an update on
trading for the year ended 31 December 2024.

 

Financial Highlights

 

·      Revenue for the year is expected to be no less than £20.5m

 

·      Tialis has had a third consecutive year of Adjusted EBITDA(1) of
no less than £2m

 

·      Significant year on year increase in positive cash generation

 

·      Tialis agreed a £4m Revolving Credit Facility ("RCF") with
Santander. The RCF carries an interest rate of SONIA + 3.75 per cent. and is
for a term of 3 years. The RCF was used for early repayment of the loan notes
of £4.2m which were due for repayment in January and December 2025.

 

·      Current sales pipeline is £11m with a record number of 19
different partners

 

·      2025 revenue is expected to be made up of 48% contracted revenue,
29% anticipated contract extensions, and 23% new business

 

 

Ian Smith, Executive Director, commented:

"The board is committed to growing Tialis both from M&A activities and
organic sales, and we collectively intend the group to become a cash
generating vehicle and will look to implement a progressive dividend policy in
the future. The recent acquisition of shares from an existing institution is
testament to our commitment, which only adds to the substantial shareholding
between Daisy/Matt and MXC/Ian. Despite recent proposed changes to the IHT
legislation we believe that trading AIM equities retain their IHT
attractiveness".

 

 

For more information, contact:

 

 Tialis Essential IT Plc                                 Tel: +44 (0)344 874 1000

 Ian Smith, Executive Director

 Cavendish Capital Markets Ltd                           Tel: +44 (0)20 7220 0500

 Nominated Adviser and Broker

 Corporate finance: Jonny Franklin-Adams/ Elysia Bough

 Corporate Broking: Tim Redfern

Notes:

(1) Adjusted EBITDA excludes share-based payment charges along with
depreciation, amortisation, interest, and tax from the measure of profit.

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU No.
596/2014) which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTSSUFWDEISELF