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

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.