Shares in Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF, FRA:4CN) rose 5% to 49.9p after the company said earnings for last year would come in ahead of expectations, helped by a stronger-than-anticipated finish and tighter cost control.
The AIM-listed group said it now expects gross revenue, net revenue and adjusted EBITDA to come in towards the top end of current analyst forecasts for the year to December 31, despite what it described as still challenging market conditions.
Adjusted EBITDA is a measure of operating profit that strips out interest, tax and other non-cash items to give a clearer view of underlying performance.
The late improvement was driven by better trading in the Comparison division and in Domains, Identity and Software, known as DIS, alongside a continued focus on cost discipline across the business.
Management said this performance underlined the resilience of the group’s earnings profile after a difficult period.
The update also provided encouragement on the strategic review announced in November.
Team Internet said discussions over a potential disposal of the DIS division were progressing well and that the board remained confident any transaction would deliver value in excess of the group’s current market capitalisation.
Michael Riedl, the chief executive, said 2025 had been “exceptionally challenging”, with a sharp fall in revenue and pressure on profits as digital advertising markets weakened.
He said the strong fourth quarter showed the business had stabilised and was beginning to regain momentum.
The company said a more detailed trading update, including unaudited figures and a breakdown by division, would follow in due course.