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IDE Group Holdings Plc ( (GB:TIA) ) has provided an update.
Tialis Essential IT Plc reported a strong financial performance for the year ended December 2024, with significant cash generation and new business awards totaling £17.8 million. The company secured a $4 million revolving credit facility with Santander and has a robust sales pipeline valued at £8 million annually. Tialis is also focusing on strategic growth through acquisitions and organic initiatives, including the creation of a new subsidiary, AI Auxesis Limited, to enhance its consultancy operations. The company aims to maintain a strong revenue stream from existing contracts while pursuing new business opportunities, positioning itself for continued growth in 2025.
More about IDE Group Holdings Plc
Tialis Essential IT Plc is a mid-market IT Managed Services provider, focusing on developing long-term relationships with third-party system integrators and offering services that include lifecycle management and IT support solutions. The company is committed to expanding its partner network and exploring growth opportunities through acquisitions, with a focus on sustainability and carbon-neutral solutions.
Average Trading Volume: 5,306
Technical Sentiment Signal: Hold
Current Market Cap: £19.38M
Find detailed analytics on TIA stock on TipRanks’ Stock Analysis page.