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Catalyst Media narrows loss as SIS growth offsets racing headwinds

Story Highlights
  • Catalyst Media’s interim loss narrowed and net asset value held firm, supported by its SIS stake, dividend income and a conservative cost base.
  • SIS grew revenue and cut losses as esports and numbers betting expanded, though racing headwinds and legal and rights costs still pressure profits.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Catalyst Media narrows loss as SIS growth offsets racing headwinds

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Catalyst Media ( (GB:CMX) ) has issued an update.

Catalyst Media Group narrowed its half-year loss to £0.15 million as at 31 December 2025, with net assets steady at £30.7 million and net asset value per share at 147.2p, underpinned by its investment in SIS. The company undertook a modest share buyback, received a £0.35 million dividend from SIS and reports sufficient working capital with low overheads, while its stake in SIS remains the key driver of value.

SIS increased revenues to £104.9 million for the six months to 30 September 2025 and sharply reduced operating losses, helped by robust but pressured racing operations and strong growth in esports and numbers products. Non-racing content, including the expansion of 49’s numbers draws and the launch of a third esports title, is becoming increasingly important for SIS, though legal costs in India and late-year margin and rights headwinds are expected to weigh on full-year profitability.

The most recent analyst rating on (GB:CMX) stock is a Hold with a £59.00 price target. To see the full list of analyst forecasts on Catalyst Media stock, see the GB:CMX Stock Forecast page.

Spark’s Take on CMX Stock

According to Spark, TipRanks’ AI Analyst, CMX is a Neutral.

The score is held back primarily by weak operating fundamentals (persistently negative EBIT, minimal/flat revenue) and volatile earnings/cash flow quality, despite a conservatively financed balance sheet. Technicals provide some support via positive momentum, but the very high RSI points to near-term overbought risk. Valuation is mixed: an attractive dividend yield is offset by a relatively high P/E given the volatility.

To see Spark’s full report on CMX stock, click here.

More about Catalyst Media

Catalyst Media Group is an AIM-quoted investment company whose main asset is a 20.54% stake in Sports Information Services, a provider of integrated television and data services to betting operators. SIS supplies live horse and greyhound racing, esports and numbers-based betting content to more than 400 operator clients in over 50 countries across retail, online and mobile channels.

Average Trading Volume: 7,617

Technical Sentiment Signal: Sell

Current Market Cap: £10.43M

See more insights into CMX stock on TipRanks’ Stock Analysis page.

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