Interim Results 2024/25
H1 Group Revenue
£20.1m
(H1 FY24: £23.5m)
H1 Group Adjusted EBIT*
(£0.4m)
(H1 FY24: £3.0m)
H1 Group Cash
£39.9m
(H1 FY24 £54.8m)
Results highlights
H1 Group Revenue
£20.1m
Headline Group revenue of £20.1m, down 14% (H1 FY24: 23.5m), in line with management expectations and reflecting a particularly strong comparative year
H1 Group Adjusted EBIT*
(£0.4m)
Group adjusted earnings before interest and tax of (£0.4m) (H1 FY24: £3.0m), reflecting lower revenue in the period and higher operational costs
H1 Group Net Cash
£39.9m
Strong balance sheet with net cash position of £39.9m (H1 FY24: £54.8m), providing substantial resources for further targeted M&A
H1 Operational Cash Generation
£2.8m
Cash generation from operating activities £2.8m (H1FY24: £2.2m), reflecting strong and improved working capital management
CFO comment
The Group is reporting revenue of £20.1m (H1 FY24: 23.5m) and adjusted EBIT* of (£0.4m) (H1 FY24: £3.0m), which is in line with management expectations and reflects a particularly strong comparative year due to our unusually large FY24 order book and the final stage delivery of our largest order in company history. As customer buying returned to normal in H2 FY24 this trend was not expected to continue. Cash generation from operating activities improved to £2.8m (H1FY24: £2.2m), reflecting strong and improved working capital management.
The Group made clear strategic progress in the first half. Vicon Markerless motion capture launched successfully with commercialisation progressing well and modest revenues expected in FY25. We strengthened our smart manufacturing division with the acquisition of Sempre, and appointed a dedicated smart manufacturing managing director, to drive our growth initiatives. We continue to have a strong balance sheet with net cash position of £39.9m (H1 FY24: £54.8m), providing substantial resources for further targeted M&A and we remain debt-free.
*Adjusted (Loss)/Earnings before Interest and Tax, adjusted for share-based payments, amortisation of intangibles arising on acquisition and exceptional costs.
Annual and Interim Results

2025

2024
Annual Results 2024
Preliminary Results 2024
Interim Results 2024

2023
Annual Results 2023
Preliminary Results 2023
Interim Results 2023
Research
Analyst coverage for Oxford Metrics is provided by:
- Panmure Liberum - Harvey Robinson
- Progressive Equity Research - Ian Robertson
- Canaccord Genuity - Hayley Palmer
To ensure that all shareholders and potential shareholders have access to research commentary, Oxford Metrics has commissioned Progressive Equity Research to publish research on the Company.
Financial calendar 2025
19 Feb
AGM
5 Mar
Proposed dividend payment
31 Mar
End of H1
30 Sep
End of H2