Earlier this year, Raspberry Pi Holdings PLC launched its IPO (Initial Public Offering) to great fanfare and it seems that this has translated into success, according to a City AM report and the interim results published on the London Stock Exchange.
At the IPO launch back in June 2024, Raspberry Pi Holdings PLC raised approximately £179 million ($225 million), and according to the report, revenue "soared 61% to $144 million in the six months to June 30." H1 2024 profit was stronger than expected, jumping to 47% to $34.2 million. When compared to H1 2023, a time when supply was constrained, H1 2024's EBITDA (earnings before interest, taxes, depreciation, and amortisation) was up 55%, approximately $20.9 million. However, the volume of sales was "marginally lower than expected" higher margin variants, such as the Raspberry Pi 5 providing the stronger unit economics.
