Business
2024 Annual Audited Results
2024 Annual Audited Results.
About this update from Maintel Holdings Plc
[{"type":"text","content":"\n\n\n6 May 2025\nMaintel Holdings Plc (\"Maintel\" or the \"Company\")\n \nAnnual audited results for the year ended 31 December 2024\n Significantly improved profitability and underlying organic growth, delivered through continued transformation progress and strategy execution results\n \nMaintel Holdings Plc, a leading provider of cloud and managed communications services, announces its audited results for the 12-month period to 31 December 2024.\n \nKey Financials\n \n\n\n\n\nAnnual results for the year to 31 December:\n\n\n2024\n\n\n 2023\n\n\n % change\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup revenue (£'m)\n\n\n97.9\n\n\n101.3\n\n\n(3.4%)\n\n\n\n\nGross profit (£'m)\n\n\n30.6\n\n\n31.2\n\n\n(1.9%)\n\n\n\n\nAdjusted EBITDA[1] (£'m)\n\n\n10.5\n\n\n9.1\n\n\n15.4%\n\n\n\n\nProfit/(loss) before tax (£'m)\n\n\n0.4\n\n\n(6.8)\n\n\n105.9%\n\n\n\n\nAdjusted profit before tax [2] (£'m)\n\n\n7.3\n\n\n5.5\n\n\n32.7%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic earnings / (loss) per share (p)\n\n\n3.6\n\n\n(37.3)\n\n\n109.7%\n\n\n\n\nAdjusted earnings per share [3] (p)\n\n\n28.2\n\n\n23.6\n\n\n19.5%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet debt[4] (£'m)\n\n\n(16.6)\n\n\n(18.1)\n\n\n8.3%\n\n\n\n\n \nHighlights\n\n\n\n\n· \n\n\nThe revenue performance represented underlying growth of 8.2%. Group revenue was £97.9m (2023: £101.3m). While this represented a reported decrease of 3.4%, revenue in 2023 was flattered by the late delivery of £10.8m in sales orders secured in 2021 and 2022 but delayed due to supply chain shortages during the pandemic.\n\n\n\n\n· \n\n\nRecurring revenue represented 75% of total revenue (2023: 74%).\n\n\n\n\n· \n\n\nThe Group continued to successfully execute its strategic pivot away from a communications generalist to a specialist, focused on three key strategic pillars; Unified Communications & Collaboration, Customer Experience and Security & Connectivity.\n\n\n\n\n· \n\n\nAs announced during the year, the Group won multi-year, multi-million pound contracts with a leading housing and care provider, one of Europe's leading credit management companies, one of the UK's largest insurance companies, one of the UK's leading providers of affordable dental care, a global IT and business consulti...