NORTHCODERS GROUP PLC (CODE) — Interim Results for the six months ended 30 June 2025

Investor webinar replay

Replay transcript excerpt

Good afternoon. Welcome to the NORTHCODERS GROUP PLC investor results investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and they can be submitted at any time using the Q and A tab situated on top right corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted today and publish responses where it is appropriate to do so. Before we begin, I would like to submit the following poll, and I would now like to hand you over to CEO, Chris Hill. Good afternoon to you. Good afternoon. Thank you. Hi, everyone. Thank you for joining this presentation. My name is Chris Hill. I'm the the founder and the CEO of NORTHCODERS GROUP and Hi, everyone. I'm Charlotte Pryor, CFO of NORTHCODERS GROUP. So I'm gonna hand over to Charlotte now because we're gonna cover the h one financials first in this presentation, and then we're gonna we're gonna have a look at some operational matters and highlights from the period. And then I'm gonna go and talk a bit more about the direction in which we're we're taking the business forward from this point. Thank you. Pleased to report today revenue of 3,700,000. We have maintained a gross profit margin of 67%, showing that direct costs can be controlled in line with revenue. We've reduced group overheads by 20%, enabling us to have a more lean operating model going forwards. Underlying adjusted EBITDA was reported at naught 400,000 with net cash of naught 900,000 and a cash balance of 2.3. Really comfortable position cash wise that will enable us to continue doing what we need to do over the next twelve to twenty four ...