**Summary**
Aferian PLC, a B2B video streaming solutions company listed on the London Stock Exchanges AIM market (AIM: AFRN), released a trading update for the financial year ended 30 November 2025 (FY25). The company reported expected revenue of approximately $31.5 million, representing a 20% year-on-year growth. This growth is attributed to strong sales performance in its Amino business, driven by higher order volumes from existing PayTV customers and new deployments in Enterprise and Digital Signage. Additionally, Aferian received slightly higher advance orders for FY26 compared to the previous year.
Despite customer attrition in its 24i division, product innovations, including enhancements to the 24i video cloud, led to new customer wins and a strengthened sales pipeline. As of 30 November 2025, the Groups net debt stood at $16.0 million, including a $2.1 million loan from its largest shareholder, Kestrel Partners LLP. The companys secured senior banking facilities and the Kestrel loan have maturity dates in January 2026, with cash flow and working capital being carefully managed.
Aferian operates through two divisions24i, focusing on streaming video experiences, and Amino, connecting Pay TV to streaming services. The company emphasizes consumer-centric, data-driven, and flexible solutions to meet evolving viewer demands and drive growth for its global customer base of over 500 service providers. The announcement also includes regulatory disclosures related to the Takeover Code and information about its nominated adviser and broker, Zeus Capital Limited.