TPXimpact, the AIM-listed digital transformation partner to the UK public sector, reported record revenue for the six months to 30 September 2026. Revenue rose 60% to £57.9 million, up from £36.2 million in the same period last year, the company said in interim results published on Tuesday 10 November 2026.

Adjusted earnings before interest, tax, depreciation and amortisation rose 152% to £8.09 million, from £3.2 million a year earlier. Adjusted earnings per share climbed to 5.6p from 1.7p, and the adjusted EBITDA margin widened to about 14% from 8.8%.

New business wins more than double

The group won £86 million of new business during the half year, compared with £31 million in the same period last year, as demand for digital transformation work across public services stayed strong. Operating cash flow of £6.2 million helped the balance sheet move from £4.2 million of net debt at the start of the financial year to £1.0 million of net cash at the end of September.

TPXimpact works with central government departments, local authorities and other public bodies on digital services, data and technology change. The company said trading momentum had continued into the second half, with a strong pipeline of work already secured.

Full-year guidance held

The board kept its guidance for the full year to 31 March 2027 unchanged, expecting revenue of at least £105 million and adjusted EBITDA of at least £14 million. That guidance was raised in a trading update in October, when the company first flagged that first-half revenue would reach at least £57 million.

For the year ended 31 March 2026, TPXimpact reported revenue of £78.1 million and adjusted EBITDA of £8.6 million, so the first half of the current year has already delivered nearly as much profit as the whole of last year.

Shares fell despite the numbers

Despite the record figures, TPXimpact shares closed lower in London on Tuesday, finishing at 101p, down 6.5p, or about 6%, on the day. The shares had reached 110p earlier in November, their highest level in a year, after rising sharply over the past six months.

The results cap a strong run for the shares, which have risen sharply over the past six months as investors backed the turnaround. The company, which listed on AIM, has rebuilt its order book around long-term public sector contracts, and the board said visibility over future work had improved enough to support the upgraded full-year targets set out in October.

Read the report from UK Investor Magazine and the company round-up from Stockopedia.