Business
Results for the year ended 31 December 2024
Results for the year ended 31 December 2024.
About this update from Microlise Group Plc
[{"type":"text","content":"\n\n27 March 2025\nMicrolise Group plc\n(\"Microlise\", \"the Group\" or \"the Company\")\n \nResults for the year ended 31 December 2024\nStrong performance driven by consistent strategic execution\n \nMicrolise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, announces its audited results for the twelve months ended 31 December 2024 (\"FY24\" or the \"Period\").\n\n\n\n\n\n\n\n\n\n\nFY24\n\n\nFY23\n\n\nChange\n\n\n\n\nFinancial\n\n\nRevenue\n\n\n£79.5m\n\n\n£71.7m\n\n\n11%\n\n\n\n\nAdjusted Revenue (1)\n\n\n£81.0m\n\n\n£71.7m\n\n\n13%\n\n\n\n\nRecurring Revenue\n\n\n£53.1m\n\n\n£45.0m\n\n\n18%\n\n\n\n\nAdjusted Recurring Revenue(1)\n\n\n£54.7m\n\n\n£45.0m\n\n\n21%\n\n\n\n\nAdjusted EBITDA (2)\n\n\n£11.3m\n\n\n£9.4m\n\n\n20%\n\n\n\n\nAdjusted Operating Profit(3)\n\n\n£6.3m\n\n\n£5.5m\n\n\n13%\n\n\n\n\nOperating (Loss)/Profit(3)\n\n\n£(2.3)m\n\n\n£2.3m\n\n\n(202)%\n\n\n\n\nProfit / (loss) before tax\n\n\n£(2.3)m\n\n\n£2.5m\n\n\n(193)%\n\n\n\n\nAdjusted Profit before tax (4)\n\n\n£6.5m\n\n\n£5.6m\n\n\n16%\n\n\n\n\nBasic EPS (p)\n\n\n(1.77)p\n\n\n1.36p\n\n\n(230)%\n\n\n\n\nAdjusted EPS (p)\n\n\n4.19p\n\n\n3.45p\n\n\n21%\n\n\n\n\nCash and cash equivalents\n\n\n£11.4m\n\n\n£16.8m\n\n\n(32)%\n\n\n\n\n \n(1) Adjusted Revenue and Adjusted Recurring Revenue excludes revenue reversals relating to the cyber security incident, which are expected to be fully covered by insurance.\n(2) Adjusted EBITDA excludes, exceptional costs in relation to the cyber incident, acquisitions, restructuring, depreciation, amortisation, share of loss of associate, interest, tax and share based payments\n(3) Adjusted Operating Profit excludes amortisation on business combinations, exceptional costs in relation to the cyber incident, acquisitions, restructuring costs and share based payments.\n(4) Adjusted Profit / (loss) before taxation excludes amortisation on business combinations, exceptional costs in relation to the cyber incident, acquisitions, restructuring costs, share based payments and loss of share of associate.\n \nFinancial Highlights\n· The Group delivered an increase in adjusted revenue, which excludes revenue reversal relating to the c...