Business
Final Results and Investor Presentation
Final Results and Investor Presentation.
About this update from Nahl Group Plc
[{"type":"text","content":"\n\n \n \n \n7 May 2025\n \nNAHL Group plc\n(\"NAHL\", the \"Company\" or the \"Group\")\n \nFinal Results and Investor Presentation\n \nDespite the challenging trading environment in Personal Injury, NAHL delivered underlying operating profit in line with market expectations and strong cash performance enabled further reduction in net debt\n \nNAHL, a leading marketing and services business focused on the UK consumer legal market, is pleased to announce its audited results for the year ended 31 December 2024.\n \nHighlights\n \nFinancial Performance\n \n\n\n\n\nYear ended 31 December\n\n\nFY2024\n\n\nFY2023\n\n\nChange\n\n\n\n\nGroup Revenue\n\n\n£38.8m\n\n\n£42.2m\n\n\n- 8%\n\n\n\n\nUnderlying Operating Profit\n\n\n£3.9m\n\n\n£4.1m\n\n\n-4%\n\n\n\n\nOperating (Loss)/Profit\n\n\n£(36.5)m\n\n\n£4.1m\n\n\n-\n\n\n\n\nUnderlying Profit Before Tax\n\n\n£1.4m\n\n\n£0.6m\n\n\n+113%\n\n\n\n\n (Loss)/Profit Before Tax\n\n\n£(39.1)m\n\n\n£0.6m\n\n\n-\n\n\n\n\nNet Debt\n\n\n£7.1m\n\n\n£9.7m\n\n\n- 27%\n\n\n\n\n \n\n\n\n\n· \n\n\nGroup Revenue decreased by 8% to £38.8m (2023: £42.2m), reflecting challenging conditions faced by the Consumer Legal Services division.\n\n\n\n\n· \n\n\nNational Accident Law (NAL), the Group's fully integrated law firm, increased processing revenues by 20% to £8.4m (2023: £7.0m) and collected £8.5m of cash from settlements, 43% higher than the prior year (2023: £6.0m), a clear sign of its growing maturity.\n\n\n\n\n· \n\n\nGroup generated £2.6m of free cash flow in the year (2023: £3.6m), with underlying operating cash conversion of c.170%. As a result, net debt was reduced by 27% to £7.1m (31 December 2023: £9.7m), down from a high of £21.0m in 2019.\n\n\n\n\n· \n\n\nUnderlying operating profit slightly down at £3.9m (2023: £4.1m) and underlying PBT increased to £1.4m (2023: £0.6m).\n\n\n\n\n· \n\n\nStatutory operating loss for the year of £36.5m (2023: profit of £4.1m), largely due to £39.9m exceptional non-cash impairment charge on goodwill relating to Personal Injury business, and after recognising £0.6m of exceptional costs relating to the potential disposal of Critical Care and the associated restructure...