Data shown as of financial calendar year end 31 December 2025
Group revenue
underlying revenue growth of 1% (13% reported growth)
Adjusted EBITDA(1)
Declined by 6% to £110.2m (2024: £116.8m)
Adjusted EBITDA margin(1)
of 34% (2024: 41%)
Contracted forward revenue
Underlying growth of 3% (5% reported growth)
Profit before tax
of £69.2m (2024: £54.9m), which is inclusive of non-cash transactions of (£15.4m) share-based payments credit and £12.1m from amortisation of acquired intangibles
Basic earnings per share
of 4.4p (2024: 3.8p)
Cash from operations
of £83.3m (2024: £97.6m)
Final Dividend
of 1.2 pence per share (2024: 1.0 pence per share)
Net (bank debt)/cash(2)
of (£114.2m) (31 December 2024: net cash of £10.1m)
Note 1: Adjusted EBITDA: Earnings before interest, tax, depreciation and amortisation, adjusted to exclude costs associated with acquisitions, restructuring of the Group, share based payments, impairment, unrealised operating exchange rate movements and the impact of foreign exchange contracts. Adjusted EBITDA margin is defined as: Adjusted EBITDA as a percentage of revenue.
Note 2: Net (bank debt)/ cash: Short and long-term borrowings (excluding lease liabilities) less cash and cash equivalents.