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.

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.

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.

Stock market debutante Raspberry Pi said it was "more profitable than expected" in first half - Cambridge based firm raised £178.9 million through its London flotation in June, one of only a handful i

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

The budget computer maker, which went public on the London markets in June, revealed its adjusted earnings before nasties jumped by 55 per cent to $20.9million in the six months ending June.