- Kooth
- 28 July 2025 09:00:13
Source: Sharecast
Kooth, which dialled up investment across marketing and partnerships in H1, noted that US tailwinds remained, even as federal health funding was dialled back, while UK trading was said to have held steady despite ongoing budgetary cuts across the NHS.
Financially, the AIM-listed group's net cash slipped to £15.1m by 30 June, down from £21.8m at year-end, reflecting front-loaded marketing spend and a £1.5m buyback earlier in the year.
Kooth added that while the strengthening pound had taken a bite out of reported revenue and underlying earnings, it remained "well positioned" to achieve its registration targets and capitalise on growth opportunities in H2.
Chief executive Kate Newhouse said: "Over the first six months of 2025 we have continued to invest in, and deliver on, our focus to build mentally healthier populations across the UK and the US.
"These investments leave us well positioned to achieve our registration targets and capitalise on growth opportunities in the second half of the year, which, when combined with our strong balance sheet, ensures we can target sustainable and impactful long-term growth for the benefit of all stakeholders."
As of 0900 BST, Kooth shares were down 8.84% at 165.00p.
Reporting by Iain Gilbert at Sharecast.com