Raspberry Pi’s pre-tax profits fell more than 50 per cent in 2024 as the semiconductor designer and maker of tiny, low-cost computers battled inventory issues, in its first full-year results since it went public on the London Stock Exchange last June.

Raspberry Pi shares soared as the tech firm posted its hotly-anticipated annual results – the first since its IPO last year. The FTSE 250 company recorded a 57 per cent fall in pre-tax profit to just $16.

Raspberry Pi has revealed its profits tumbled by more-than-half in its first year as a publicly listed company after it was impacted by supply issues. But the microcomputer business saw shares lift in early trading as profits still surpassed industry forecasts.