Iomart posts £53 million loss for the year

Iomart posts £53 million loss for the year

Cloud services revenue declines due to 'churn' in self-managed and private cloud managed services

iomart reports £53 million pre-tax loss amid challenging year and impairment charge - Scottish Business News

iomart Group, the UK-based cloud services provider, has announced a pre-tax loss of £53.2 million for the year ending 31 March 2025, following a significant non-cash goodwill impairment charge and ongoing pressures in its core business.  Revenue for the group increased by 13% to £143.5 million, supported largely by the acquisition of Atech, which delivered robust annual revenue growth. However, the loss was principally driven by a £52.9 million …