Business
Half-year Report
Half-year Report.
About this update from Newmark Security Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (amendment) (EU Exit) Regulations 2019/310.\n \n31 January 2025\n \nNewmark Security plc\n(\"Newmark\", the \"Company\" or the \"Group\")\n \nInterim Results\nfor the six months ended 31 October 2024\n \nGroup on track to deliver full year revenue growth\n \nNewmark Security plc (AIM: NWT), a leading provider of electronic, software, and physical security systems and installations, is pleased to announce its unaudited results for the six months ended 31 October 2024 (\"H1 FY25\").\n \n Maurice Dwek, Chairman of Newmark, commented:\n \n\"The Group delivered a positive first half in accordance with its strategy to drive further growth in recurring revenue streams and service offering. Increased investment in line with our new five-year strategic plan is reflected in our lower reported EBITDA, however; higher HCM product margins and growth in annualised recurring revenues helped to strengthen our cash flow and balance sheet. \n \n\"In terms of execution, the Group has been building its divisional sales pipelines, developing new partnerships and extending existing relationships. At the same time, it has also invested in people and systems to both enhance customer services and efficiencies.\n \n\"We continue to win and extend contracts with blue-chip customers, which is testament to our people and our service offering. Like last year, our sales pipeline across both divisions is weighted to the second half and we expect to surpass the previous full year revenue performance.\n \n\"We are excited about the outlook and look forward to updating the market on our progress at the full year.\"\n \nFinancial highlights:\n· Revenue of £10.2 million (H1 FY24: £10.4 million)\n· Gross profit of £3.9 million (H1 FY24: £3.9 million)\n· Gross profit margin increased by 0.9% pts to 38.1%\n· EBITDA of £0.5 million (H1 FY24: £0.8 million)\n· Loss after tax of £0.4 million (H1 FY24 loss: £0.1 million)\n· Loss per share of 4.60 pence (H1 FY24: loss per share of 0.54 pence)\n· Investment in research and development...