• Operating revenue down 15% to $50.5m
• EBITDA increased 49% to $2.8m
• Goodwill impairment of $54m

Bigtincan Holdings Limited (ASX: BTH) has released its half-year financial report for the period ended 31 December 2024. The company reported operating revenue of $50.5m, a decrease of 15% compared to the prior corresponding period. EBITDA increased by 49% to $2.8m, and when adjusted for non-cash items and non-recurring expenses, Adjusted EBITDA was $5.6m compared to $5.7m in the prior period. The net loss after tax for the six months was $64m, which included a $54m impairment of goodwill. Bigtincan completed a $10.5m capital raising in July 2024 and amended its loan agreement with Regal Funds Management in September 2024. The company has also terminated its previous scheme implementation deed with Investcorp AI Acquisition Corporation and signed a new deed with Big Wombat Pty Ltd, linked to Vector Capital, regarding a $0.22 per share cash acquisition proposal. The directors unanimously recommend that shareholders vote in favour of the Vector Proposal, subject to the independent expert concluding it is in the best interests of shareholders.