SEEEN PLC shares had a rollercoaster morning, shooting up but then falling flat, as the AI-powered video content platform reported a sharp rise in revenue and achieved positive EBITDA for the first six months of 2025.
Revenue rose 87% year-on-year, helping deliver the first full six-month period of positive EBITDA. Gross profit increased 62%.
Cash at the end of the period was $1.4 million, up from $1 million at the end of 2024. The improvement was supported by shareholder warrant exercises and operating cash flow.
The company signed what it described as its largest ever contract, to supply YouTube Creator Service Partner services. This agreement is expected to be worth approximately $3.5 million in annual revenues upon milestone completion. It currently generates $1 million annually.
SEEEN said it is on track to exceed $5 million in revenue for the full year. The annualised revenue run rate has risen to $6.5 million.
CEO Adrian Hargrave said: "Our upward turn is now in full swing - both in terms of sales and EBITDA... we are confident that we will achieve more than $5 million in revenues during the 2025 full year, with the potential to do significantly better."
After leaping 29% in early trading SEEEN shares were flat at 4.5p by late morning.