The Raspberry Pi, known for its globally popular minicomputers and listed on the London Stock Exchange last year, has reported a sharp decline in annual profits due to inventory challenges. However, a positive outlook lifted investor sentiment, sending shares higher.
In its first full-year results since listing, the Cambridge-based firm posted a 2% decline in revenue to $259.5 million and a 57% fall in pre-tax profit to $16.3 million. The figures reflect a tough comparison with the previous year, but the company launched 22 new products in 2024, underscoring its ongoing innovation.
Despite the profit dip, analysts remain optimistic, viewing Raspberry Pi as a potential standout in the UK tech scene. The market responded positively, with shares rising 6.5% to 501.50p in early trading.
The company said:
“With channel inventory now normalised, Raspberry Pi anticipates a steady build-up in demand throughout the year, positioning us strongly despite ongoing macroeconomic and geopolitical uncertainties. The projected pace of market recovery, coupled with the timing of embedded design wins, strengthens confidence in solid and sustainable sales growth in full-year 2025.”
Raspberry Pi was valued at £542 million at its IPO in June, marking the UK’s largest stock market debut since CAB Payments listed at £850 million in July 2023. Shares were priced at 280p, the top of the indicated range, following strong interest from both institutional and retail investors.
