RE: Results12 May 2026 22:54
"The Group has continued to execute against its strategy to create a simplified, well‑scaled, profitable managed services organisation centred around the Tialis Essential IT Manage Limited platform. Our strategy retains three core pillars:
· Organic growth through expansion of our partner ecosystem and market share;
· Development of high‑margin Lifecycle Services as a differentiator in the end‑user device market;
· Targeted inorganic growth where acquisition opportunities provide synergistic value and recurring returns for shareholders.
In 2025, the Group took meaningful steps in expanding its investment portfolio:..."
Core strategy outlined in first two pillars makes a lot of sense.
But 14% of Digital Petcare, 10% of CloudCoCo??? Why? What synergies?
And the two mysterious 50/50 JVs???? Why? What does Tialis bring to them? What do they bring to Tialis that Tialis couldn't get on their own? What do they do exactly? What are the Jan 2026 "one-off revenues" at MXLGA? Trading gains?