(Alliance News) - 4GLOBAL PLC on Wednesday said its revenue and adjusted earnings for the year ending March 31 will fall short of market expectations, as delays in contract signings and a strategic transition to North America impacted performance.
The London-based data, services and software company specialising in major sporting events now expects full-year revenue of GBP5.1 million to GBP5.3 million, well below the GBP7.6 million consensus forecast.
Adjusted earnings before interest, tax, depreciation, and amortisation are projected at GBP900,000 to GBP1.0 million, missing the GBP1.9 million analyst estimate.
The company said some contracts expected to be completed in the current financial year will now fall into the next one, delaying revenue recognition. Additionally, 4GLOBAL confirmed it has made a full provision for outstanding debt in the Middle East as it exits the region to focus on North America.
Chief Executive Offiecer Eloy Mazon described 2025 as a "pivotal year" for the company, highlighting strong growth in North America, where revenue more than doubled to GBP1.6 million. He said 4GLOBAL is securing multi-year contracts that will provide greater revenue visibility in the future.
"The underlying momentum in the business is clear, and we remain confident in our direction," Mazon said, adding that the company is now more focused on scalable, high-margin recurring revenue.
Despite the near-term setback, 4GLOBAL said it remains well-positioned for long-term growth, with cash at year-end expected to be between GBP200,000 and GBP500,000.
Shares in 4GLOBAL lost 27% on Wednesday in London, closing at 26.67 pence each.
By Eva Castanedo, Alliance News reporter
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