Business
Full Year Results for Year Ended 31 December 2024
Full Year Results for Year Ended 31 December 2024.
About this update from Huddled Group Plc
[{"type":"text","content":"\n\n----3\n6 May 2025\nHuddled Group plc\n \n(\"Huddled\", the \"Company\" or the \"Group\")\n \nFull Year Results for the Year Ended 31 December 2024\nSignificant revenue growth and putting the foundations in place for a dynamic e-commerce business\n \nHuddled Group plc (AIM:HUD), the circular economy e-commerce business, is pleased to announce its audited full year results for the year ended 31 December 2024 (\"FY2024\").\n \nHighlights\n \n● Acquisitions of Nutricircle (formerly Food Circle Supermarket) and Boop Beauty in the year, further underpinning Huddled's credentials as a leading player in the circular-economy sector.\n● FY2024 Group revenue increased over 490% to £14.2m (FY2023: £2.4m[1]).\n● Q4 FY2024 revenue from the three core businesses of £4.3m, double that of Q1 2024 (£2.1m[2]).\n● Discount Dragon revenue up 112.2% to £10.8m (FY2023: £5.1m[3]).\n● Nutricircle revenue £1.6m since its acquisition in April 2024 (FY2023: £1.4m3).\n● Boop Beauty revenue £0.5m following its relaunch in September 2024.\n \nValue and impact highlights\n \n● 4.8m tonnes of food diverted into homes and away from landfill\n● Almost 140,000 households saved money\n● Worked with our supply chain partners to deliver over 500,000 items to UK food charities\n \nMartin Higginson, Chief Executive Officer of Huddled Group PLC, commented:\n\"FY2024 was a year of cash investment into our various brands, growing Discount Dragon, acquiring both Nutricircle and Boop Beauty, and putting the foundations in place for a dynamic e-commerce business. Our goal is to be recognised as the UK's most trusted surplus goods e-commerce retail group, helping to reduce unnecessary waste. By redistributing perfectly good products to customers at a fraction of the retail price, we create value for customers, stakeholders, and have a positive impact economically, socially and environmentally.\n \n\"The list of big brand partners working with us continues to grow across all three of our brands, all with a common goal of reducing and monetising waste. We have seen revenue and customers grow rapidly in FY2024, a trend that has ...