Software company Datalex has reported a 68% increase in profits to $6.4m for the first half of 2025.

The company also announced it was planning to seek shareholder approval for a transition to private ownership by cancellation of admission to trading of its ordinary shares on Euronext Growth.

And it announced it was looking to secure a €6m debt facility to accelerate investment.

Datalex also issued a trading update for the six months to the end of June, which showed further revenue growth on its Stellex platform, a "step change" in gross profit and a return to positive foreign exchange adjusted EBITDA.

Revenues for the six month period rose by 9% to $14.5m from $13.2m the same time last year, with revenues from its Stellex platform soaring by 188% to $4m from $1.4m.

Datalex said its gross profit jumped by 68% to $6.4m from $3.8m, while its loss after tax narrowed to $2.3m from $3.7m the same time last year.

The company said that trading for the full year remains in line with expectations, and it is confident in achieving its FY2025 targets.

"With strong progress in H1 2025 and continued execution of our growth strategy, Datalex is well-positioned to deliver sustainable revenue growth and return to full-year EBITDA profitability," it added.

In a statement, the company, which specialises in airline e-commerce solutions, outlined the reasons for looking to go private.

The company said: "A considerable proportion of management time is currently spent complying with the requirements associated with maintaining the Company’s admission to trading on Euronext Growth."

It estimates going private would save them between $1m and $1.4m in admin costs per year.

The Board also said it believes that the company will potentially have greater access to specialised investment sources as an unquoted company, including private equity, and strategic investors, which it said "will provide a broader spread of funding options without the valuation pressures and liquidity constraints of the public market".

It also noted "current levels of liquidity in trading of the Ordinary Shares on Euronext Growth do not offer investors the opportunity to trade in meaningful volumes, or with frequency, within an active market".

Commenting on the plan to delist Chairman of Datalex, David Hargaden, said: "The Board and I are strongly of the view that this is in the best interests of the Company and its shareholders.

"In reaching this conclusion, the Board engaged with stakeholders and considered the long-term vision and requirements of the business.

"Datalex has been a public company for the last 25 years, and whilst it has been a tremendous journey, now is the right time to proceed with private ownership of the Company to support the next phase of growth.”

Jonathan Rockett, Datalex CEO, said: “Datalex achieved strong financial performance in the first half of 2025, with trading for the full year continuing in line with expectations.

"We have delivered several important milestones in the first half of 2025, most significantly the continued expansion of Stellex capabilities into our airline customers and also the launch of our latest product, DLX Pay.

"We are pleased to have signed Air Transat as the inaugural DLX Pay customer, with a go-live planned for later this year.

"In parallel, we are this morning announcing a €6m debt facility to support our medium-term strategic priorities and our investment in product innovation. We expect this capital raise to close in August 2025.

"We have also announced our intention to seek shareholder approval to delist from Euronext Growth as we believe this will better position the Company to focus on strategic execution, accelerate innovation, and unlock greater long-term value for our customers and shareholders.

"The move aligns with our aim to be a true catalyst for value-creating change for our airline partners and enhance Datalex’s position at the top table of airline technology vendors globally.

"Our focus remains clear: create value for our airlines, grow Stellex platform revenues and return to sustained EBITDA profitability.

"I am pleased to report that while we have a lot to do to achieve our ambitions, we are on track and our efforts are now starting to translate to materially improved financial performance.”

Last year, the company announced a number of high-profile partnership renewals, with Air Transat, JetBlue, Air China, Edelweiss and Aer Lingus all renewing their partnerships, with the latter three airlines also migrating to Datalex's newest suite of platform products.