Delivery of Material Contract Commenced
Summary by AI BETAClose X
5 September 2025
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Tialis Essential IT Plc
("Tialis" or the "Company")
Delivery of Material Contract Commenced
As previously announced on 21 January 2025 and in the audited final results for the year ended 31 December 2024 issued on 12 May 2025, Tialis, the AIM-quoted managed services provider of advanced engineering and technology solutions, was awarded a material new contract with a principal UK Government department responsible for overseeing environmental policy, agriculture, and rural community development. We are now pleased to announce that the delivery of this contract commenced on 1 September 2025.
The contract, with a total value of approximately £15 million, will run over 5 years and involves the delivery of Lifecycle Services, Tech Bars, End User Support and Field Engineering, supporting the UK Government department in building the workplace of tomorrow. This is being delivered under the follow-on framework agreement announced on 2 September 2025.
The award follows a competitive tender process and further strengthens the Tialis order book, increasing contracted revenue visibility for the current financial year and beyond, and is expected to deliver significant additional project revenue over its lifetime.
This win is consistent with the Company's stated strategy of building long-term, high-value client relationships.
Niall O'Regan, Chief Operating Officer of Tialis Essential IT plc commented:
"Securing this significant contract with this UK Government Department is a strong endorsement of our capabilities and market position. It is also a clear demonstration of our ability to convert our pipeline into meaningful work. This win not only strengthens our financial outlook but also positions us well for further growth opportunities in our target sectors."
For more information, contact:
|
Tialis Essential IT Plc Ian Smith, Executive Director |
Tel: +44 (0)344 874 1000 |
|
Cavendish Capital Markets Ltd Nominated Adviser and Broker Corporate finance: Jonny Franklin-Adams / Elysia Bough Corporate Broking: Tim Redfern |
Tel: +44 (0)20 7220 0500 |
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