Business
Full Year Results and Notice of AGM
Full Year Results and Notice of AGM.
About this update from Itim Group Plc
[{"type":"text","content":"\n\n13 May 2025\n \nitim Group plc\n \n(\"itim\" or \"the Company\" and together with its subsidiaries \"the Group\")\n \nFull year results for the year ended 31 December 2024\nNotice of AGM\n \nitim Group plc, a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, is pleased to announce its audited results for the year ended 31 December 2024.\n \nFinancial Highlights\n \n\n\n\n\n· \n\n\nGroup revenues increased by 11% to £17.9 million (2023: £16.1 million)\n \n\n\n\n\n· \n\n\nAnnual recurring revenue (\"ARR\") is £13.0 million (2023: £13.2 million)\n \n\n\n\n\n· \n\n\nGroup Adjusted EBITDA* up 260% to £2.5 million (2023: £0.7 million) \n \n\n\n\n\n· \n\n\nAdjusted EBITDA* margin increased by 10 percentage points (\"PPT\") to 14% (2023: 4%)\n \n\n\n\n\n· \n\n\nProfit before tax for the year is £0.2m compared to a loss in 2023 of £1.1m\n \n\n\n\n\n· \n\n\nAdjusted Earnings per share** 0.64 pence (2023: -2.86 pence)\n \n\n\n\n\n· \n\n\nClosing cash balances were £3.8 million up from £1.9 million at 31 December 2023\n \n\n\n\n\n \n* EBITDA has been adjusted to exclude share-based payment charges, exceptional items, along with depreciation, amortisation, interest and tax from the measure of profit.\n** The profit measure has been adjusted to exclude exceptional items and share option charge\n \nAli Athar, Chief Executive, commented: \"I'm pleased to share itim's full year results, which reflect meaningful progress across the business. Revenue growth of 11% and a significant improvement in adjusted EBITDA demonstrate the impact of our focus on commercial execution. Our improved margins and strengthened cash position underline a more resilient financial foundation.\n \n\"We continue to invest in innovation and product excellence, underpinned by our unified retailing platform, 'UNIFY.' The strides we've made this year are a direct reflection of the commitment and talent of our team, as well as the continued trust placed in us by our customers. Our ability...