Cirata interim loss widens on higher finance costs amid weaker dollar
Cirata PLC on Wednesday announced an increased interim loss amid a hefty net foreign exchange loss, despite revenue growth.
The Jersey-based software solutions provider said pretax loss widened to $13.4 million in the first half of 2025, from $9.7 million a year ago.
Revenue jumped to $3.2 million from $1.4 million.
Total bookings surged 58% to $3.8 million from $2.4 million.
Operating costs decreased to $7.8 million from $11.5 million. Finance costs however ballooned to $8.5 million from $39,000.
The company noted a net foreign exchange loss of $8.4 million in the first half of 2025, compared to a gain of $675,000 a year ago. The dollar index had fallen about 11% in the first half of 2025.
Separately, on its website, Cirata states that next week Tuesday it will announce a new solution which will ‘transform’ how an organisation’s data is stored and orchestrated.
Cirata shares fell 7.4% to 16.64 pence each on Wednesday morning in London.
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