Shares of Iomart Group plc, the Glasgow-based secure cloud services firm, fell another 6% on Wednesday after it published half-year results for the six months ended September 30, 2025.

Iomart’s stock has fallen about 75% in the past year to around 24p to slash the firm’s stock market value to around £27 million.

Group revenue increased 25% to £77.7 million during the six months, including £21.7 million from the acquisition of Atech.

Statutory IFRS loss before tax was £6.5 million.

In its outlook, Iomart said: “The board anticipates an improved performance in the second half of the financial year, and the full year to be within the range of current market expectations.”

On May 30, Iomart said Lucy Dimes would step down as chief executive officer and leave the company. Iomart chair Richard Last became executive chair while the firm looks for a new CEO.

On May 2, Iomart had said it would unite its cloud services activities under a single brand — Atech.