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IDE Group Holdings Plc ( (GB:TIA) ) has provided an announcement.
Tialis Essential IT Plc reported a robust financial performance for 2024, with expected revenues of no less than £20.5 million and a third consecutive year of adjusted EBITDA of no less than £2 million. The company has significantly increased its cash generation and secured a £4 million Revolving Credit Facility with Santander to refinance existing debt. The sales pipeline for 2025 is strong, with anticipated revenue contributions from contracted revenue, contract extensions, and new business. Tialis aims to grow through mergers and acquisitions and organic sales, with plans to implement a progressive dividend policy.
More about IDE Group Holdings Plc
Tialis Essential IT Plc is a mid-market IT Managed Services provider, focusing on delivering essential IT solutions to various clients. The company operates in the IT sector, providing managed services and aiming to support business operations through technology-driven solutions.
YTD Price Performance: 0%
Average Trading Volume: 2,016
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.91M
See more data about TIA stock on TipRanks’ Stock Analysis page.
