CloudCoCo Group (LSE:CLCO), the Sheffield-based e-commerce and IT procurement business, grew revenue 30% to £4.4 million in the six months ended 31 March, up from £3.4 million in the equivalent period a year earlier, as its MoreCoCo platform continued to scale.
MoreCoCo, the group's e-commerce arm, drove the result, growing 34% to £4.0 million and representing 91.7% of group revenue in the period.
Trading Group EBITDA rose to £89,000, from £26,000 in the first half of last year, reflecting what the company described as the benefit of its simplified operating model and continued cost discipline.
Gross margin edged up to 7.1% from 6.7%, while the loss from continuing operations narrowed to £183,000 from £309,000.
The group ended the period with cash of £283,000, before completing a £275,000 subscription in April 2026 earmarked to fund growth, including Project Brightstar, a new B2B technology procurement initiative.
Project Brightstar has since built a qualified pipeline exceeding £2.5 million across 27 active opportunities and secured its first contract win in June 2026.
The board cited a short-term target of £10 million in annual revenues at a 7% gross margin, a level it believes would support monthly positive cash flow, with a longer-term ambition of £15 million annually.
