**Summary**
ITIM Group PLC, a SaaS-based technology company, reported its full-year results for 2025, showing a 2% decline in group revenue to £17.5 million, with booked recurring revenue increasing slightly to £13.5 million. Annual recurring revenue (ARR) grew by 9% to £14.2 million, and recurring revenue represented 77% of total revenue. The company faced challenges, including a loss before tax of £0.5 million and a decrease in adjusted EBITDA to £1.7 million, with a margin of 10%. Despite these setbacks, ITIM continued to invest in its people, technology, and international expansion, reducing its annual cost base by over £1 million.
Key highlights include the launch of itimAIQ, an AI platform for retailers, and the acceleration of geographic diversification to reduce reliance on UK retail spending cycles. The company also strengthened its board and senior management team. ITIMs CEO, Ali Athar, expressed confidence in the companys prospects for 2026, citing encouraging sales opportunities and growing interest in AI-led solutions. The companys focus on innovation, operational discipline, and market expansion positions it for potential growth in the coming year.
| Financial Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Group Revenue (£'000) | 17,908 | 17,507 | -2% |
| Booked Recurring Revenue (£'000) | 13,441 | 13,495 | +0.7% |
| Recurring Revenue as % of Group Revenue | 75% | 77% | +2% |
| Annual Recurring Revenue (ARR) (£'000) | 13,000 | 14,200 | +9% |
| Group Adjusted EBITDA (£'000) | 2,500 | 1,700 | -32% |
| Adjusted EBITDA Margin | 14% | 10% | -4% |
| Loss before tax (£'000) | Profit: 200 | Loss: 500 | N/A |
| Adjusted Loss per share (pence) | Profit: 1.09 | Loss: 0.47 | N/A |
| Basic Loss per share (pence) | Loss: 0.64 | Loss: 0.81 | +27% (increase in loss) |
| Closing Cash Balances (£'000) | 3,800 | 2,600 | -32% |
| Debt (Loans and Borrowings) (£'000) | 252 | 726 | +188% |