Audited Preliminary Results 2024/25
Group Revenue
£44.8m
(FY24: £41.5m)
Adjusted EBIT*
£2.2m
(FY24: £1.7m)
Group Cash
£37.3m
(FY24 £50.7m)
Results highlights
Group Revenue
£44.8m
Headline Group revenue of £44.8m, up 8% (FY24: £41.5m) reflecting a robust financial performance, in line with market expectations and the highest in the Group’s history
Group Adjusted EBIT*
£2.2m
Group adjusted earnings before interest and tax of £2.2m, up 29% (FY24: £1.7m), driven by additional organic and inorganic Smart Manufacturing revenue volumes in and continued cost discipline
Group Net Cash
£37.3m
Strong balance sheet with net cash position of £37.3m (FY24: £54.8m), following returns to shareholders of £12.5m; substantial resources for further targeted M&A
Operational Cash Generation
£6.7m
Cash generation from operating activities before tax £6.7m (FY24: £0.3m), reflecting continuous improvement in working capital and inventory optimisation
CFO comment
The Group is reporting revenue of £44.8m (FY24: £41.5m) and adjusted EBIT* of £2.2m (FY24: £1.7m), which is in line with management expectations and reflects a robust financial performance in line with market expectations - the highest revenue in the history of the Group. Adjusted EBIT also increased in line with market expectations as a result of higher Smart Manufacturing volumes, continued high margin contribution from Motion Capture and improved cost discipline.
Cash generation from operating activities before tax improved to £6.7m (FY24: £0.3m), reflecting continuous improvement in working capital management.
The Group made clear strategic progress in the year, scaling Smart Manufacturing with two targeted acquisitions and achieving strong organic growth, driven by tighter operational focus. While Motion Capture revenue was lower, planned strategic resource reallocation helped deliver a 21% rise in in-year order intake, partially offsetting the impact and supporting future growth.
We continue to have a strong balance sheet with net cash position of £37.3m (FY24: £50.7m), following returns to shareholders in the year of £12.5m and providing substantial resources for further targeted bolt on M&A.
*Adjusted EBIT is earnings before interest and tax, adjusted for share-based payment charges, amortisation of acquired intangibles, costs and impairments relating to closure of IMU New Zealand, impairment of development costs and additional costs related to restructuring and acquisitions.
Annual and Interim Results
2025
Preliminary Results 2025
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