Pathos Communications Plc (LSE:NEWS) has said trading in early 2026 has begun strongly, as it continues to scale its AI-driven platform and develop strategic partnerships following its listing on London's junior market.
The company expects to report full-year 2025 revenue of $13.2 million and adjusted earnings before interest, tax, depreciation and amortisation of $2.9 million, ahead of market expectations.
Growth in revenue from $11.4 million in 2024 was supported by higher client volumes and a shift in product mix towards placements in premium media outlets.
Pathos ended the year with $6.2 million in net cash following a successful fundraising alongside its admission to AIM in December.
Cash collections improved after the introduction of tighter processes in the first half of 2025.
The company said 94% of second-half revenue has now either been received or is not yet due, embedding a close correlation between revenue and cash flow into the business model.
Omar Hamdi, chief executive of Pathos, said: “We are pleased to report an excellent start to our life as a publicly listed company, with our strong financial performance in 2025 speaking for itself.”
He added: “Our listing has already provided us with access to a number of potential new partnerships and growth opportunities which we plan to embed during the coming months.”
Proprietary AI tools PathosMind and Pressella are progressing towards broader commercial release, with a portion of IPO proceeds earmarked for their development.
The company said new strategic partners are currently being onboarded and are expected to enhance its business development capacity through 2026 and beyond.
Pathos Communications is due to publish its inaugural audited results in May.