Liquid Intelligent Technologies, a pan-African technology group, has reported strong financial and operational performance for the third quarter and nine months ended November 30, 2025, with significant revenue and earnings growth alongside key strategic financing developments.
Group revenue for the third quarter rose 39.6 year-on-year to USD 208.8 million, supported by solid momentum in its Network and C2 Cloud and Cyber Security segments. Adjusted EBITDA more than doubled over the same period, increasing to USD 82.9 million, which the company attributed to sustained top-line growth and improvements in its operating model.
On the strategic front, Liquid said it has made meaningful progress in strengthening its balance sheet. All conditions have been met for the partial disposal of a wider Group asset, which is expected to release USD 100 million in proceeds for debt reduction. The company also secured a USD 25 million equity investment from Nvidia, while new term facilities denominated in South African Rand and US dollars have received full credit approval. These steps are aimed at extending debt maturities and lowering overall leverage.
