Shares in TPXimpact Holdings PLC (AIM:TPX) climbed 5% to 14.7p after the digital transformation specialist said it remained on track to meet full-year profit guidance and continued to improve its balance sheet.
The AIM-listed company, which provides technology-enabled services to public and not-for-profit organisations, said it expects to deliver adjusted EBITDA of between £6 million and £7 million for the year to March 2026, in line with previous forecasts.
Net debt at the half-year point fell to below £7.5 million from £8.5 million at the end of the prior financial year, helped by stronger profitability and tighter financial discipline.
Management said the business is benefiting from greater operational efficiency after being streamlined into three brands: TPXimpact, which handles end-to-end public sector transformation; KITS, its managed services arm; and Manifesto, which focuses on digital experience work for charities and other not-for-profits.
Chief executive Björn Conway said the group was “seeing good momentum across the business,” with strong demand linked to government priorities in housing, healthcare, education, the environment and justice