Business
Final results for the year ended 30 June 2025
PipeHawk PLC reported final results for the year ended 30 June 2025, with turnover decreasing to £3.7 million from £9.1 million in 2024, but achieving an operating profit of £118,000 compared to a loss of £1,215,000 in the prior year. The company posted a loss before taxation of £310,000, an improvement from the £1,639,000 loss in 2024, and a loss per share of 0.71p. Despite challenging market conditions, all divisions are performing well, with Thomson Engineering Design Ltd showing significant growth. The group remains reliant on the executive chairman's financial support, with a renewed pledge extending until December 2026. Disclaimer*
About this update from Pipehawk Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation\n \n25 November 2025\n \nPipeHawk plc\n(\"PipeHawk\", \"Company\" or the \"Group\")\n \nFinal results for the year ended 30 June 2025\n \nHighlights\n \n- Group turnover was £3.7 million (2024: £9.1 million) a 27% increase on turnover of £2.9 million generated from Pipehawk's ongoing core businesses in 2024, which excludes QM Systems Ltd\n- Group operating profit of £118,000 (2024: loss £1,215,000)\n- Loss before taxation for the financial year of £310,000 (2024: loss £1,639,000)\n- Despite wider current market conditions, all divisions of the Group are currently performing well\n \n \nChairman's statement for the year ended 30 June 2025\n \n \nI can report that the Group's turnover for the financial year ended 30 June 2025 (the \"Financial Year\" or \"2024/25 FY\") was £3.7 million (2024: £9.1 million). The Group reported an operating profit in the Financial Year of £118,000 (2024: loss £1,215,000), a loss before taxation for the Financial Year of £310,000 (2024: loss £1,639,000) and a loss after taxation of £259,000 (2024: loss £821,000). The loss per share for the Financial Year was 0.71p (2024: loss per share 2.26p).\n \nWell, that was another very challenging year! Obviously, there were repercussions and fall out from the demise of QM Systems, but the remaining teams and businesses have buckled down and grown remaining core turnover by 27% from £2.9 million to £3.7 million and I am confident that we shall continue to grow and will have soon clawed our way back to profitability, indeed on an EBITDA basis this year was positive to the tune of £207,000.\n \nWhilst I was cautiously optimistic this time last year that our core businesses were in the right industries which would be less affected by private sector lack of confidence because they service the utilities, government and rail industries, it sadly transpires that either funding has been cut or delayed or, where it has been made available, there is significant indecision on where and how to spend it. Accordingly, we are increasingly looking to overseas mark...