Raspberry PI Holdings Plc shares rallied after reporting a jump in sales, cementing the computer maker’s status as the only winner from a recent wave of listings on the London Stock Exchange.

Investors woke up to a sweet surprise from Raspberry Pi on Tuesday, as the computer maker’s first post-IPO report topped expectations. The British tech darling posted a 47 per cent rise in gross profit and a 56 per cent growth in adjusted earnings (EBITDA) for the first half of the year,

The company reported a gross profit of $34.2mn in the first six months of 2024, higher than internal forecasts and a 47 per cent increase on the same period in 2023. Revenue for the period was $144mn, up from $89.3mn last year. It kept its full-year outlook unchanged.

Cambridge based firm raised £178.9 million through its London flotation in June, one of only a handful in the first half of the year

Unit sales of the diminutive computers leaped to 3.66 million compared to 2.799 million in the same period last year. A chunk of the 31 percent increase was down to the 1.1 million unit sales of the Raspberry Pi 5 and growth in Compute Module sales. Raspberry Pi 4 unit sales declined, as did those of "legacy" boards.

The tech firm told shareholders that revenues jumped by 61% to 144 million US dollars (£107.9 million) over the six months to June.