Business
Preliminary results for the year end 31 March 2025
Preliminary results for the year end 31 March 2025.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAIM: AXS\nEuronext Amsterdam: AXS\n \n24 June 2025\n \nAccsys Technologies PLC\n(\"Accsys\", the \"Group\" or the \"Company\")\n \n \nPreliminary results for the year ended 31 March 2025\n \nSignificant profitability and strategic progression; good momentum heading into FY26\n \n\n\n\n\n \n\n\n \n\n\nYear to 31 March 2025\n\n\nYear to 31 March 2024\n\n\n% Change\n \n\n\n\n\nRevenue\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\nGroup \n\n\n \n\n\n€136.6m \n\n\n€136.2m \n\n\n+0.3% \n\n\n\n\nAggregated: Group + 60% JV1\n\n\n \n\n\n€147.4m \n\n\n€136.2m \n\n\n+8.2% \n\n\n\n\n\n\n\n \n\n\n \n\n\n\n\n\n\n\n\n\n\nGross profit \n\n\n \n\n\n€41.4m \n\n\n€40.9m \n\n\n+1.2% \n\n\n\n\nGross margin \n\n\n \n\n\n30.3% \n\n\n30.0% \n\n\n+30bps\n\n\n\n\nAdjusted EBITDA2 \n\n\n \n\n\n€10.8m \n\n\n€4.8m \n\n\n+125%\n\n\n\n\nNet debt \n\n\n \n\n\n(€42.6)m \n\n\n(€37.1)m \n\n\n+€5.5m \n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\n\n\n\n\n\n\nSales Volumes m³\n\n\n \n\n\n \n\n\n\n\n\n\n\n\n\n\nGroup\n\n\n \n\n\n57,104m3 \n\n\n56,568m3 \n\n\n+0.9% \n\n\n\n\nJV\n\n\n \n\n\n6,760m3\n\n\n-\n\n\n-\n\n\n\n\nTotal3\n\n\n \n\n\n63,864m3 \n\n\n56,568m3 \n\n\n+12.9% \n\n\n\n\n \n \nNotes \n1 Accsys has a 60% shareholding in Accoya USA, a joint venture (JV) with Eastman Chemical Company which commenced operations in September 2024. Whilst the JV is equity accounted for financial reporting purposes, the aggregated revenue figure includes Group revenue plus 60% of the JV revenue \n2 Adjusted EBITDA is defined as operating profit/(loss) before exceptional items and other adjustments, depreciation and amortisation, and includes the Group's 60% share of the JV's EBITDA.\n³ Total Accoya sales volumes are Global Accoya sales volumes (Group + 100% of US JV)\n \n \nDr Jelena Arsic van Os, CEO Accsys Technologies PLC said:\n \n\"Accsys has delivered a year of strong execution and strategic progress; the business is now at an i...