LightOn (ALTAI) H1 2025 TU earnings summary

Executive summary

• Achieved significant technological and commercial milestones since IPO, including disruptive innovations in the Paradigm platform and key partnerships in defense and asset management sectors.

• Staff increased from 41 to 52 between December 2024 and June 2025, focusing on engineering and commercial roles to support growth.

Financial highlights

• Revenue for the six months ended 30 June 2025 reached €0.71 million, up 15% year-over-year, primarily from France.

• Paradigm license sales increased fivefold compared to the same period last year, while Forge-type service sales declined due to SaaS transition.

• Annual Recurring Revenue (ARR) at 30 June 2025 was €1.23 million, showing only modest growth due to long sales cycles.

Outlook and guidance

• Five new contracts signed since 30 June 2025, raising ARR to €1.51 million by 31 August 2025.

• Full-year 2025 ARR now expected between €3 million and €4 million, up 156% to 241% from 31 December 2024, but below the initial €6 million target.