Shares in Raspberry Pi tumbled on Tuesday after the group revealed its half-year results

Shares in Raspberry Pi tumbled in London on Tuesday after the low-cost computer maker revealed a sharp drop in half-year profits , leaving investors questioning whether one of the UK’s most high-profile tech IPOs can live up to expectations.

The Cambridge-based firm, which floated in June 2024 in one of the London Stock Exchange’s most celebrated listings in years, said its pre-tax profit fell 43 per cent to $6.2m (£4.6m) in the six months to June.

The results also showed that revenue had slipped nearly six per cent to $135.5m (£100m), while adjusted earnings were down seven per cent to $19.4m (£14.3m).

As a result, shares slid as much as five per cent this morning to 382p, leaving the group 42

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