Business
Final Results and Notice of AGM
Final Results and Notice of AGM.
About this update from Tialis Essential It Plc
[{"type":"text","content":"\n\nTialis Essential IT Plc\n \n(\"Tialis\" or the \"Company\")\n\nAudited Results for the Year Ended 31 December 2024 and Notice of AGM\n \nTialis, the mid-market IT Managed Services provider, is pleased to announce its audited results for the year ended 31 December 2024.\n \nHighlights in the year include:\n \n· Significant year on year increase in positive cash generation.\n· Tialis entered into a $4m Revolving Credit Facility (RCF) with Santander during the year.\n· New business awards with net new partners of £2.5m annual value in 2024.\n· New business awards of £15m TCV to date in 2025.\n· A strong current sales pipeline of £8m annual value with a record number of 16 different partners, allowing for good visibility over future growth.\n· Looking forward, revenue for 2025 is expected to be made up of 46% contracted revenue, 28% anticipated contract extensions, and 26% new business.\n \nThe Annual Report and Accounts for the year ended 31 December 2024 will shortly be available on the Company's website at www.tialis.com.\n \nCopies of the Annual Report and Accounts will be posted to shareholders by shortly along with the notice of AGM which will be held at 10.00am on 20 June 2025 at the offices of Cavendish, 1 Bartholomew Close, London EC1A 7BL.\n \n \nFor more information, contact:\n \n\n\n\n\nTialis Essential IT Plc\nIan Smith, Executive Director\n \n\n\nTel: +44 (0)344 874 1000\n\n\n\n\nCavendish Capital Markets Ltd\nNominated Adviser and Broker\nCorporate finance: Jonny Franklin-Adams/ Elysia Bough\nCorporate Broking: Tim Redfern\n \n\n\nTel: +44 (0)20 7220 0500\n\n\n\n\n \n\n\n \nExecutive Director's Statement\n \nI am delighted to report that Tialis has achieved a third consecutive year of Adjusted EBITDA¹ of £2m, driven by the continued development of long-term relationships with third-party system integrators and favourable supply contracts typically with 3 to 5 year terms. We are generating a strong annuity income stream, with a strong pipeline of prospects.\n \nTo date Tialis has confirmation of new business, preferred partner and contract extensions totalling appro...