Business
Final Results
Final Results.
About this update from Intercede Group Plc
[{"type":"text","content":"\n\n24 June 2025\n\nINTERCEDE GROUP plc\n('Intercede', the 'Company' or the 'Group')\n \nPreliminary Results for the year ended 31 March 2025\n \nIntercede, the leading cybersecurity software company specialising in digital identities, today announces its preliminary results for the year ended 31 March 2025 (\"FY 2025\").\n\nFY 2025 Headlines\n· Group revenues of £17.7 million\n· Group focus on annual recurring revenue, now at £10.6 million\n· Net profit of £4.1 million\n· Net cash generation from operating activities of £2.9 million, after share buybacks and repayments of R&D tax credits being a net impact of c£1.4 million\n· Basic EPS of 6.9p\n· New product launched, MyID SecureVault, with maiden sales in H2\n· Continued investment in product and code, including internal IT infrastructure\n· Clear strategic vision on M&A plans and broadening our geographic reach\n· Strong and unleveraged financial position.\n \nTotal Revenue: \nFor the year ended 31 March 2025, the Group generated revenues of £17.7 million, representing a decrease of approximately 11.5% compared to the prior year (2024: £20.0 million), and an 9.6% decline on a constant currency basis. As previously disclosed, 2024 included an exceptional perpetual licence sale of approximately £6 million that the Group signed in December 2023, which contributed materially to the FY2024 results (with revenues in FY2024 being record revenues for the Group). In the three-year period between 2022 and 2025 the Group has demonstrated a CAGR in revenues of c21.4%.\n \n \n\n\n\n\n\n\n\nFY 2025\n\n\nFY 2024\n\n\n \n\n\n\n\n \n\n\n£ million\n\n\n£ million\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n17.7\n\n\n20.0\n\n\n \n\n\n\n\nGross profit\n\n\n17.2\n\n\n19.4\n\n\n\n\n\n\n\nProfit before Tax\n\n\n4.6\n\n\n5.6\n\n\n\n\n\n\n\nNet Profit\n\n\n4.1\n\n\n6.0\n\n\n \n\n\n\n\nEPS - basic\n\n\n6.9p\n\n\n10.3p\n\n\n\n\n\n\n\nEPS - diluted\n\n\n6.5p\n\n\n9.6p\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGross Margin\n\n\n97.2%\n\n\n97.0%\n\n\n\n\n\n\n\nNet Margin\n\n\n23.2%\n\n\n30.0%\n\n\n\n\n\n\n\n \n \n \n \n\n\n\n\n\n\n\n\n\n\n\n\n\nCash and cas...