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Business Summary: Ondo InsurTech plc is a United Kingdom-based company, which provides claims prevention technology for home insurers. LeakBot, its InsurTech system, is proven to reduce water damage claims costs by approximately 70%. LeakBot is an end-to-end, Internet of things (IoT) escape of water claims mitigation solution that has a proven commercial model and business case for insurers. Its Thermi-Q technology detects micro leaks using temperature change. LeakBot works 24/7, monitoring its customers homes for hidden leaks and bursts. Instant alerts are sent to its customers smartphones if there is a problem. When a leak is detected, the Company arranges an approved expert plumber to find and fix it. LeakBot is an end-to-end business to business to consumer (B2B2C) system, which includes more than 80% self-installation rate, micro-leak sensitivity, device and in-home service that can be offered for free to homeowners. LeakBot's app allows its customers to receive instant alerts.
Financial Summary: BRIEF: For the six months ended 30 September 2025, Ondo InsurTech PLC revenues increased 26% to L2.1M. Net loss increased 59% to L3.9M. Revenues reflect United States of America segment increase from L151K to L1.1M, United Kingdom segment increase of 5% to L590K. Higher net loss reflects Leakbot product segment loss increase of 69% to L3.5M. Basic Earnings per Share excluding Extraordinary Items decreased from -L0.02 to -L0.03.