Tortilla Mexican Grill plc (MEX.L), Tuesday announced interim results for the first half of fiscal year 2025, reporting a loss before tax of 2.3 million pounds compared to a loss of 0.2 million pounds in 2024.
Loss for the period amounted to 2.1 million pounds compared to 0.2 million pounds in the prior year.
Meanwhile, loss per share stood at 5.3 pence versus a loss of 0.6 pence last year.
Adjusted EBITDA declined to 1.2 million pounds from 1.8 million pounds in the previous year.
Revenue increased to 36 million pounds from last year's 31.5 million pounds
Notably, the Board now expects adjusted EBITDA for the full year 2025 to be around 10 per cent below previous expectations.
Concurrently, the UK-based company announced the appointment of Richard Haley as Chief Financial Officer, effective from October 6, 2025.
Haley's career includes senior finance roles at Trainline plc, Nightcap plc, Delinian Limited, Halma plc, William Hill plc, Future plc, Tesco plc and the British Standards Institute.
Currently, MEX is moving down 10 percent, to 36 pence on the London Stock Exchange.
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