Business
Final Results and Notice of AGM
Final Results and Notice of AGM.
About this update from Built Cybernetics Plc
[{"type":"text","content":"\n\n24 March 2025\n \n \nBuilt Cybernetics plc\n(\"Built Cybernetics\", the \"Company\", or, together with its subsidiaries, the \"Group\")\nAudited results for the year ended 30 September 2024\nNotice of Annual General Meeting (\"AGM\")\n\nBuilt Cybernetics (AIM: BUC), the smart buildings group, announces its audited results for the year ended 30 September 2024 and Notice of AGM.\n\nHighlights:\nFinancial\n \n· Revenue less sub consultant costs (from continuing operations) up 38% to £19.5 million (2023: £14.1 million)\n· Smart buildings revenues exceed architecture revenues for the first time\n· Gross profit up 24% to £14.3 million (2023: £11.5 million)\n· Trading recovery in the second half, with full year losses contained within the first half of the year\n· Trading loss before tax (from continuing operations) of £536,000 (2023: profit £28,000)\n· £1.24 million of exceptional items (2023: £0.38 million)\n· Post tax loss £1.71 million (2023: profit £92,000)\n· Loss per share 0.54p (2023: profit per share 0.04p)\n· Net debt down 88% to £253,000 (2023: £2.14 million)\nOperational\n· First sale of Smart Core Enterprise Licence for a six-figure sum, with ongoing support revenues\n· Acquisition of ecoDriver business whose proprietary software identifies waste energy in commercial buildings\n· Acquisition of the Vanti assets accompanied by a £0.425 million equity fundraise\n· Launch of employee share purchase schemes - staff (excluding directors/PDMRs) now own around 8% of the company, up from 1% two years ago, primarily through continuing on-market purchases\n \nPost period end\n \n· Performance in the first half of the current financial year is materially better than in the year under review\n· Launch of EDDIE, ecoDriver's Retrieval Augmented Generative (RAG) AI chatbot which links to users' own building energy usage data for highly tailored support on saving energy\n· &n...