Shares in Elixirr International PLC (AIM:ELIX, FRA:54K) rose 9.4% to 678p on Monday after the consultancy reported a second consecutive record quarter and pointed to accelerating demand for artificial intelligence work.
Revenue for the six months to 30 June reached £89 million, up 25% on the same period last year.
That came despite a 4% weakening in the dollar against sterling, which flatters neither figure given the group's American exposure.
Adjusted earnings before interest, tax, depreciation and amortisation rose 29% to £27.6 million.
The margin on that measure improved by one percentage point to 31%.
Elixirr said demand held up strongly for commercial transformation and technology services, with significant further growth in revenue tied to AI.
Stephen Newton, founder and chief executive, said AI-related revenue grew more than 260% during 2025 and demand had continued into the first half.
He cited industry research suggesting agentic AI, software that carries out multi-step tasks with limited human direction, could generate up to $200 billion of new demand for technology services over five years.
Firms helping clients deploy and scale the technology are best placed to capture it, he said.
Newton pointed to work with one multinational client that launched an AI-native business in under six months, built on a platform running at more than 95% automation and cutting the cost of serving customers by over 60%.
He noted that the group delivered more revenue and profit in the first half than in the whole of its 2023 financial year.
Elixirr also appointed Canaccord Genuity (TSX:CF, LSE:CF) as joint corporate broker with immediate effect, working alongside Cavendish Capital Markets.
The London-listed company said the move would support expansion in the United States and improve visibility among North American investors.
Interim results are due on 21 September.
