Pri0r1ty Intelligence full-year loss reflects deal and listing costs

Pri0r1ty Intelligence Group PLC on Friday reported a hefty full-year loss reflecting reverse takeover and listing costs, and higher administrative expenses.

During the year, Alteration Earth PLC completed the reverse acquisition of Pri0r1ty AI Ltd, was admitted to the AIM market, and was renamed as Pri0r1ty Intelligence Group PLC.

The London-based company, now a software-as-a-service firm focused on AI, reported a pretax loss of £10.3 million in the financial year ended September 30, widened from £594,436 the year prior.

This reflected reverse takeover costs of £7.0 million and costs associated with the listing of £299,435 compared to nil in the year prior. Administrative expenses more than trebled to £2.0 million from £593,082. Revenue ballooned to £174,174 from £5,965.

Chair Marcus Yeoman said at eight months into the current financial year, and incorporating changes in revenue recognition, the company has contracted revenue in excess of £400,000 and a growing sales pipeline, evidencing real customer traction and the strong foundations built during financial 2025.

‘While Pri0r1ty is in its relative infancy for a technology-led business, we are in a strong position to expand our user base on the platform as we roll out our AI SaaS solutions to the SMEs globally and look forward to updating investors of our ongoing progress over the course of the retainer of the year,’ he added.

Shares which had been suspended pending publication of the results resumed trading and were down 49% to 0.87 pence each in London on Friday.

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