Business
Final Results
Final Results.
About this update from Acuity Rm Group Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n25 June 2025\n \nACUITY RM GROUP PLC\n(\"Group\" or the \"Company\")\n \nFinal results for the year ended 31 December 2024\n \nAcuity RM Group plc (AIM: ACRM) is pleased to announce its final results for the year ended 31 December 2024.\n \nHighlights\n· In the year the Group achieved NRR (Net recurring revenue) of 105% and grew revenues £2.1M (2023 £1.4m) (2023 was an eight month period following the acquisition of Acuity Risk Management Ltd)\n· Acuity expanded its presence by winning new contracts with key customers\n· Acquisition of Rizikon is complete with its features now incorporated in STREAMÒ, the cost has been recovered and first significant new contract opportunities are being won\n· New Chief Executive, David Rajakovich, was appointed in December 2024\n· After the year end - several changes were made by the new Chief Executive\no Sales refocused on cyber security market - a large fast growing sector\no New website - launched\no New product development on STREAMÒ has been finalized. It is ready for June launch - offering significant advantages to both customers and Acuity including new features and functions not available in competing products\no Partner programme is now focused on the most productive partners\no Overheads have been reduced by £0.4m pa, with further material savings planned\no Forward contracted revenues £3.4m (£2.9m 2023) 17% growth\nAngus Forrest, Chief Executive commented on the results:\n\"2024 was a year of consolidation for the Company. It grew orders from key accounts, at the end of the year Acuity made a small acquisition which is generating returns and has considerable growth potential. A new Chief Executive, David Rajakovich, was appointed. In the first half of 2025 he has made st...