Raspberry Pi Reports 57% Decline in Profit, Expects Growth in 2025

Raspberry Pi Holdings Plc reported a significant decline in pretax profit for the year ending December 31, 2024, falling 57% to $16.3 million, and revenue dipping 2% to $259.5 million. The company attributed these declines to increased research and administrative costs post-IPO, as well as issues with inventory correction. Despite these challenges, Raspberry Pi remains optimistic about sales growth in 2025, anticipating a steady demand buildup and improved gross profit per unit. The firm did not propose a dividend, opting to reinvest cash into the business, and noted that its strategic focus on direct sales to original equipment manufacturers could enhance future growth. Following a volatile stock performance since its IPO in June 2024, analysts have pointed to the company’s potential in edge computing markets. A notable increase in new product releases, with 22 launched in 2024, reflects the company’s commitment to expanding its offerings and enhancing its market position.