Business
Half-year Financial Report
Ondo InsurTech PLC reported a 26% increase in group revenues to £2.1 million for the six months ended 30 September 2025, driven significantly by a seven-fold growth in the United States, which now accounts for 51% of group revenues. Recurring revenue more than doubled to £1.8 million, with annualised contracted recurring revenue reaching £6.0 million. Despite a gross loss of £327,000 due to customer acquisition costs of £1.5 million, the company is investing heavily in US expansion and the development of LeakBot Edge, forecasting full-year revenues between £4.5 to £5.0 million and an EBITDA loss of £5.0 to £5.5 million. The company ended the period with £0.6 million in cash and has announced a share placing to support its growth strategy. Disclaimer*
About this update from Ondo Insur Tech Plc
[{"type":"text","content":"\n\n\n3 December 2025\nOndo Insurtech Plc\n(\"Ondo\", the \"Company\" or the \"Group\")\n \nResults for six months ended 30 September 2025\n\nOndo InsurTech PLC (LSE: ONDO), the London-listed leader in claims prevention technology for home insurers, is pleased to announce its audited results for the six months ended 30 September 2025.\n \nFINANCIAL HIGHLIGHTS\n· Group revenues increased by 26% to £2.1 million (H1 25: £1.7 million).\n· Recurring revenue, rose 110% to £1.8 million. (H1 25: £0.9 million)\n· Annualised contracted recurring revenue reached £6.0 million by H1, underpinned by programme expansions, particularly in the United States.\n· Underlying gross margin of 54% before customer acquisition costs (63% Nordics, 52% UK, 50% USA). £1.5m invested in customer acquisition bring gross margin to -15.5%.\n· Revenues in the current year will be in the range of £4.5 to £5.0 million and that EBITDA loss will be approximately £5.0 to £5.5 million.\n· EBITDA loss of £3.3 million (H1 25: £2.0 million)\n· The Group ended the period with cash of £0.6 million.\n \nOPERATIONAL AND STRATEGIC HIGHLIGHTS\n· Registered customers increased by 64% to 187,000 as at 30 Sept 2025 (Sept 2024: 114,000).\n· USA is key driver of growth and is now Ondo's biggest market.\no USA revenue growth of 7x, and customer base growth of 7x\no USA is the biggest market with 51% of Group Revenues from USA\no USA unit economics proven with $54 Customer Acquisition Costs (CAC) and expected $180 Lifetime value (LTV) at ratio of >3:1 - exceeding SaaS best-in-class benchmarks\n· All USA partners have placed repeat and expanded orders to new states as further validation of the Group's approach and operational model.\n \nPOST BALANCE SHEET UPDATES\n· Nationwide sign third order and expand into ten more states taking total to 26 US states. \n· Indiana Farm Bureau Insurance site \"strong claim savings and exceptional customer service\", extending contract with aim of deplo...