TPXimpact Holdings (AIM:TPX), the AIM-listed digital transformation partner to the UK public sector, expects to report first-half revenue of at least £57m for the six months to 30 September, up at least 57% from £36.2m a year earlier.
Earnings (adjusted EBITDA) is expected to reach at least £7.5m, up at least 134% on the £3.2m reported in the same period last year, lifting the adjusted EBITDA margin to around 13% from 8.8%. The group swung to a net cash position of £1m at the half-year end, against net debt of £4.2m at the start of the financial year, well ahead of its prior guidance to eliminate net debt by the end of FY27.
On the back of this performance, TPXimpact raised its FY27 guidance: it now expects revenue of at least £105m, up from previous guidance of "healthy double-digit revenue growth", and adjusted EBITDA of at least £14m, up from a prior floor of £12m.
The upgrade follows a three-year turnaround completed in FY26, during which TPXimpact consolidated nine divisions into three core business units and cut net debt from £24.5m to £4.2m, alongside a run of public-sector contract wins including a £39m DEFRA award, a £22m NHS England contract and an HM Land Registry partnership now worth £60m.
"We are seeing the benefits of a streamlined business and improved client account management showing through in our first six months of trading, following the completion of our three-year transformation plan," chief executive Bjorn Conway said.
Conway added that the group "enters the second half of the financial year with positive momentum, a strengthened balance sheet and improving operational leverage."
TPXimpact will publish its preliminary unaudited first-half results for FY27 on 10 November.
