Business
FY25 and 2026 YTD Trading Update
Team Internet Group plc has provided a trading update for FY25 and 2026 year-to-date, announcing its audited FY25 report will be published the week of June 26th. For FY25, gross revenue was USD 481.9 million, net revenue was USD 136.2 million with a gross margin of 28.3%, and adjusted EBITDA was USD 42.7 million, though an operating loss of USD 49.9 million and a loss after tax of USD 62.5 million were recorded due to USD 41.7 million in impairment charges. Trading in 2026 is in line with expectations, with strong growth in Domains, Identity & Software and Comparison segments, and improving profitability in Search. The company has completed renegotiations of its borrowing arrangements, extending maturities and increasing covenant headroom, and is pursuing a substantial damages claim against a major technology company. The strategic review regarding a potential disposal of the DIS segment is progressing, with an expected outcome in the first half of Q3 2026. Disclaimer*
About this update from Team Internet Group Plc
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 on market abuse, which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). Upon publication of this announcement, this inside information is considered to be in the public domain. 15 June 2026 Team Internet Group plc ("Team Internet" or the "Company" or the "Group") FY25 and 2026 YTD Trading Update Notice of Audited 2025 Annual Report Team Internet Group plc (AIM: TIG, OTCQX: TIGXF), the global internet company that generates recurring revenue from powering identity and discovery online, today provides a trading update and gives notice that it will publish its audited Annual report for the financial year ended 31 December 2025 ("FY25") during the week ending 26 June. Recent Developments · The FY25 financial results set out below remain consistent with the trading update released on 16 March 2026 and remain in line with or above analyst expectations. · Trading in 2026 remains in line with expectations, with Search profitability improving and Domains, Identity & Software ("DIS") and Comparison delivering strong growth. · The strategic review continues to progress, with the Board expecting an outcome regarding the potential DIS disposal in the first half of Q3 2026, at least in line with prior guidance. · Renegotiations of the Group's borrowing arrangements have been completed, providing additional covenant headroom and extended maturities. · The Group is pursuing a substantial damages claim against a major technology company, arising from anti-competitive conduct that could result in a recovery that is material in the context of the Company's current market capitalisation. FY25 Headlines As previously indicated in the Group's trading update of 16 March 2026, FY25 results were delivered in line with or above current analyst expectations. The FY25 financial metrics set out below are substantially unchanged from those previously communicated. The year was defined by decisive action in Search and by the quality of the other segments of the Group: gross margin expanded, cash generation remained strong, and DIS and Comparison ...
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