CloudCoCo Group (CLCO) H1 2026 earnings summary

Executive summary

• Revenue grew 30% year-over-year to £4.4 million for H1 FY2026, driven by MoreCoCo's e-commerce platform.

• Trading Group EBITDA rose to £89k from £26k in H1 FY2025, reflecting improved profitability and operational efficiency.

• The business remains debt-free, with a simplified structure and a clear focus on scalable e-commerce and B2B procurement.

• Project Brightstar, launched post-period, is accelerating B2B expansion with a qualified pipeline exceeding £2.5 million and its first contract win.

Financial highlights

• Gross profit increased to £312k (H1 FY2025: £228k), with gross margin improving to 7.1% from 6.7%.

• Operating loss narrowed to £192k (H1 FY2025: £261k); loss before tax was £193k (H1 FY2025: £319k).

• Net cash outflow was £352k, with period-end cash at £283k, prior to a £275k subscription in April 2026.

• Administrative expenses rose to £504k, reflecting investment in IT development and SEO.

• EPS was a loss of 0.03p per share (H1 FY2025: loss of 0.02p).

Outlook and guidance

• Focus remains on scaling annual revenues to £10 million at a 7% gross margin, targeting sustainable positive EBITDA.

• Growth initiatives include MoreCoCo, direct e-commerce, Systems Assurance B2B procurement, and Project Brightstar.

• Market trends such as the Windows 10 refresh cycle and AI-enabled device growth are expected to support demand.