Business
HALF YEAR REPORT FOR SIX MONTHS ENDED 30 JUNE 2025
CPPGroup PLC announced its half-year results for the six months ended 30 June 2025, marking its transformation into an InsurTech business. The company sold CPP Turkey for £6.1 million and CPP India for approximately £14.4 million. Revenue from continuing operations was £0.9 million, down from a restated £1.4 million in H1 2024. The EBITDA loss from continuing operations improved to £2.9 million from a £3.9 million loss. The loss before tax from continuing operations was £3.5 million, compared to a £4.5 million loss. The company's cash balance stood at £8.1 million. Blink, the InsurTech platform, saw ARR increase by 83% to £2.3 million and revenue increase by 61% to £0.8 million, although it incurred an EBITDA loss of £1.2 million. Disclaimer*
About this update from Cpp Group Plc
[{"type":"text","content":"\n\nCPPGroup Plc\n(\"CPP Group\"; \"the Group\"; or \"the Company\")\n \nHALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2025\n \nTRANSFORMATION INTO AN INSURTECH BUSINESS\n\nCPP Group (AIM: CPP), provider of real-time, digitally delivered assistance products which reduce disruptions to everyday life for millions of people across the world, is pleased to announce its half year results for the six months ended 30 June 2025.\n \nOperational Highlights:\n· CPP Turkey sold in June for combined proceeds totalling £6.1 million.\n· CPP India sold, after the reporting date, for a total consideration of c.£14.4 million.\n· Business now focused solely on scaling the Group's InsurTech platform, Blink.\n· New Blink CEO, Brian Barter, appointed to lead the next phase of growth.\n· Central restructure to a lower cost platform announced and underway.\n· Change Management Programme (\"CMP\") completed.\n \nFinancial Highlights:\nThe financial results below reflect the separation of discontinued operations (including CPP India and CPP Turkey) from the Group's ongoing core business, or \"continuing operations\".\n \nGroup:\n· Revenue from continuing operations of £0.9 million (H1 2024 restated: £1.4 million).\n· EBITDA loss from continuing operations of £2.9 million (H1 2024 restated: £3.9 million loss).\n· Loss before tax from continuing operations of £3.5 million (H1 2024 restated: £4.5 million).\n· Cash balance of £8.1 million3 at 30 June 2025 (H1 2024: £11.6 million; 31 December 2024: £9.7 million).\n \nBlink:\n· ARR increased by 83% to £2.3 million (H1 2024: £1.3 million).\n· Revenue increased by 61% to £0.8 million (H1 2024: £0.5 million).\n· EBITDA loss of £1.2 million (H1 2024: £1.0 million loss).\n \n \nSimon Pyper, CEO of CPP Group, commented:\n\"The first half of 2025 has been a defining stage in CPP's journey. With the disposal of our remaining legacy assistance businesses and the completion of the Change Management Programme, the Group has largely transformed into the focused InsurTech business that was the objective set three years ago....