Business
FY25 Audited Results and Notice of AGM
FY25 Audited Results and Notice of AGM.
About this update from Potter & Moore Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the company's obligations under Article 17 of MAR. Upon the publication of this announcement via regulatory news service this inside information is now considered to be in the public domain.\n \nCreightons plc\n \nAudited results for the year ended 31 March 2025 and\nNotice of Annual General Meeting\n \nCreightons plc (\"Creightons\", the \"Company\" or the \"Group\"), the British-based beauty and well-being brand owner and manufacturer, is pleased to announce its audited results for the year ended 31 March 2025 (\"FY25\").\n \nFinancial highlights\n \n· Revenue increased by £0.9m (1.6%) to £54.1m (2024: £53.2m), driven by private label sales growth\no Private label £29.2m (2024: £23.8m)\no Branded products £18.2m (2024: £21.0m)\no Contract manufacturing £6.7m (2024: £8.4m)\n \n· Gross profit increased by £1.3m (5.8%) with gross profit margin up 180 bps to 44.7% (2024: 42.9%)\n \n· EBITDA1 increased by 57.9% to £5.1m (2024: £3.2m)\n \n· Operating profit (before exceptional items) increased by £2.0m (129.6%) to £3.5m (2024: £1.5m)\n\n· Profit after tax increased to £2.5m (2024: loss of £3.5m - includes impairment of £4.4m) driven by higher revenue, improved gross profit margins, in particular due to cost mitigation measures, labour shift rationalisation and manufacturing efficiencies, and also reduced distribution costs\n\n· Adjusted diluted earnings per share excluding exceptional items, was positive 3.29p (2024: 1.42p)\n \n· Net cash on hand2 is positive £3.0m (2024: positive £2.2m).\n \n· Proposed final dividend of 0.50 pence per ordinary share for FY25 (2024: 0.45p)\n \n \n1Earnings before interest, tax, depreciation and amortisation, excludes impairment of £4.4m in 2024\n \n2Cash and cash equivalents less short-term element of obligations under finance leases and...