Elixirr International Jumps on Strong H1 Results and Strategic Acquisition

Elixirr International (LON:ELIX) shares jumped at the open on Monday after the company announced a record first half of 2025, fueled by robust organic growth and enhanced by the strategic acquisition of TRC Advisory, a US-based consultancy.

ELIX shares are up around 3% following the release.

Revenue for the first half of 2025 surged 35% to £71.4 million, compared to £53.0 million in the first half of 2024. Crucially, organic revenue growth accounted for 17% of this increase, indicating strong underlying demand for Elixirr’s services.

Adjusted EBITDA jumped 42% to £21.5 million, up from £15.1 million in the prior year period. The adjusted EBITDA margin also improved, reaching 30.0% compared to 28.5% in H1 24.

Adjusted profit before tax climbed 38% to £20.1 million, while adjusted diluted earnings per share rose 35% to 29.0p. Free cash flow also saw a healthy increase of 12%, reaching £7.9 million.

The company highlighted that the number of £1m+ clients increased from 22 to 31, demonstrating Elixirr's ability to foster and maintain significant client relationships. Cross-sell revenue jumped 78% to £14.7 million, showcasing the synergy benefits from previous acquisitions. This is critical because it highlights the successful integration of acquired businesses.

Driver Breakdown:

• Organic Growth: Strong demand for Elixirr's consulting services across various sectors.
• Strategic Acquisitions: TRC Advisory acquisition enhances market position and expertise.
• Cross-Selling: Successful integration of acquired businesses driving revenue synergies.

CEO Stephen Newton stated, “H1 25 has been an exceptional and transformative period for Elixirr, marked by continued record-breaking profitable growth,” reinforcing the company’s commitment to pushing boundaries and delivering value to clients and shareholders.

In a separate release, the company also announced the acquisition of TRC Advisory, LLC. ELIX will pay a maximum consideration under the terms of the acquisition of $125 million.