TPXimpact on track to meet full-year guidance

(Sharecast News) - TPXimpact said in an update on Wednesday that it was on track to meet full-year guidance after an encouraging first half, as improved profitability and tighter financial management reduced net debt and supported stronger cash generation.

The AIM-traded technology services group said it still expected adjusted EBITDA of between �6m and �7m for the financial year ending 31 March 2026.

Net debt, excluding lease liabilities, was projected to fall to below �7.5m as at 30 September, compared with �8.5m at the end of the prior financial year.

"It's been an encouraging first half for TPXimpact," said chief executive Bj�rn Conway.

"We're seeing good momentum across the business, delivering great work for clients in line with the government's key priorities of housing, healthcare, education, environment and justice.

"We are pleased with the delivery of our three-year plan that has led to consistent improvements of adjusted EBITDA and reduced net debt over the last two years."

TPXimpact said operational efficiency had improved following the simplification of its structure into three client-facing brands - TPXimpact, which delivers digital transformation for the public sector; Kits, a managed services business also focused on the public sector; and Manifesto, a digital experience agency serving the not-for-profit sector.

The company said it would publish its interim results on 2 December, when Conway and chief financial officer Noel Douglas would host presentations for analysts and investors.

At 1328 GMT, shares in TPXimpact Holdings were up 6.43% at 14.9p.

Reporting by Josh White for Sharecast.com.