Business
Trading Update
Pathos Communications PLC announced a strong trading update for the financial year ended 31 December 2025, expecting revenue of US$13.2 million and adjusted EBITDA of US$2.9 million, both ahead of market expectations. The company reported net cash of US$6.2 million as of 31 December 2025, following a successful fundraise and AIM admission in December 2025. Trading in the new financial year has also started well, with progress on proprietary AI tools, PathosMind and Pressella, and the onboarding of strategic partners expected to enhance business development. Disclaimer*
About this update from Pathos Communications Limited
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement, such inside information is now considered to be in the public domain.\n2 February 2026\n\nPathos Communications plc\n(\"Pathos Communications\", \"Pathos\" or the \"Company\")\nTrading Update - Strong end to FY25 and start of FY26\n\nInvestor Presentation via Investor Meet Company\n \nPathos Communications, the multiple award-winning technology-enabled, human-led PR company, is pleased to announce its trading update for the financial year ended 31 December 2025 (\"FY25\").\nThe Company had a positive finish to the year and expects to report FY25 ahead of market expectations* with revenue of US$13.2 million (FY24: US$11.4 million) and adjusted EBITDA** of US$2.9 million (FY24: $1.9 million).\nThis financial performance was underpinned by strong volumes and the continuing evolution of the Company's product mix that includes an increased focus on securing articles in higher quality publications.\nNet cash at 31 December 2025 was US$6.2 million following completion of the successful fundraise and admission to AIM in December 2025. Strong cash collections have continued since the implementation of enhanced processes and controls in the first half of FY25, with the amount of revenue invoiced in the second half of the year that has now been received or is not yet due totaling 94%. The very close relationship between revenue and cash collections is now embedded into the business model.\nThe Company is also pleased to report that trading in the new financial year has started well, driven by the Client Success team and proprietary AI-driven improvements to business development and service delivery. Progress on PathosMind and Pressella, the Company's proprietary AI tools, has continued, and as planned the Company will utilise some of the funds raised at the IPO to move these towards general availability.\nPathos is also currently in the process of onboarding multiple strategic partners, who are expected to significantly add to the already substantial internal business development capabilities through 2026 and beyond.\nThe Company expects to announce its inaugural audited res...