Ayo Technology anticipates widening loss in interim results

AYO Technology Solutions Limited (JSE:AYOE) has issued a trading statement indicating a substantial widening of its losses for the six months ended 28 February 2025. The company expects a basic loss per share ("LPS") of ZAR45.09, reflecting a loss increase of between 27% and 47% compared to the ZAR32.92 LPS reported for the same period in 2024. Additionally, AYO anticipates a headline loss per share ("HLPS") of ZAR45.09, marking an increase in the loss of between 26% and 46% compared to the ZAR33.12 HLPS in the prior year. The financial information has not been audited or reviewed by AYO's auditors. The company plans to release its interim results on the Stock Exchange News Service (SENS) on or about 30 May 2025.