DNM

Dianomi PLC

Media First-pass screen £5.25m

360/1000 Overall fit

AI beneficiary 35% 35

Operating leverage 25% 37

Valuation 25% 30

Downside protection 15% 48

First-pass take

Revenue declined 7.3% to £28m with negative H1 2025 guidance; advertiser count falling (303 vs 371 prior year). Gross margin gain temporary (one-off contract benefit reverting 2025). Cost base expanding for sales investment despite macro headwinds. Positive net cash (£8.8m) offset by cyclical downturn. No AI revenue exposure.

Flags

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