Business
FY 2024 Final Results
FY 2024 Final Results.
About this update from Raspberry Pi Holdings Plc
[{"type":"text","content":"\n\n2 April 2025\n \nRaspberry Pi Holdings plc\n(\"Raspberry Pi\" or \"the Company\")\n \nFY 2024 Final Results\n \nA resilient FY 2024 against a backdrop of industry-wide destocking post an exceptional FY 2023\n \nSuccessful product launches, new design partnerships and investment in OEM strategy, establish confidence in our positive outlook\n \nRaspberry Pi (LSE: RPI), a leader in high-performance, low-cost computing, is pleased to announce its audited results for the year ended 31 December 2024 (\"FY 2024\").\n \nFinancial Highlights\n \n\n\n\n\n \n\n\nFY 2024\n\n\nFY 2023\n\n\nChange\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\n\n\n\nRevenue ($m)\n\n\n$259.5m\n\n\n$265.8m\n\n\n-2%\n\n\n\n\nGross profit ($m)\n\n\n$63.2m\n\n\n$66.0m\n\n\n-4%\n\n\n\n\nGross margin (%)\n\n\n24.4%\n\n\n24.8%\n\n\n-0.4ppt\n\n\n\n\nAdjusted EBITDA* ($m)\n\n\n$37.2m\n\n\n$43.8m\n\n\n-15%\n\n\n\n\nProfit before tax\n\n\n$16.3m\n\n\n$38.2m\n\n\n-57%\n\n\n\n\nBasic Earnings Per Share (EPS) (c)\n\n\n6.5¢\n\n\n19.5¢\n\n\n-67%\n\n\n\n\nAdjusted EPS (c)*\n\n\n10.7¢\n\n\n19.5¢\n\n\n-45%\n\n\n\n\nCash ($m)\n\n\n$45.8m\n\n\n$42.2m\n\n\n+9%\n\n\n\n\n \n*The Company uses certain measures in addition to those reported under IFRS, under which the Company reports. These Alternative Performance Measures (\"APMs\") are not considered a substitute for, or superior to, the equivalent statutory IFRS measures. These APMs are explained, defined and reconciled in the APM section and are applied consistently.\n \nNon-Financial KPIs\n \n\n\n\n\n \n\n\nFY 2024\n\n\nFY 2023\n\n\nChange\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\n\n\n\nUnit volume (m)\n\n\n7.0\n\n\n7.4\n\n\n-5%\n\n\n\n\nNumber of Products Released\n\n\n22\n\n\n6\n\n\n267%\n\n\n\n\nNumber of Authorised Resellers\n\n\n117\n\n\n104\n\n\n+13%\n\n\n\n\nEngineers as a % of total employees\n\n\n48%\n\n\n44%\n\n\n+4.0ppt\n\n\n\n\n \nOperational Highlights\n \nA record year for new-product introductions\n \n\n\n\n\n· \n\n\nCompletion of a major product transition, with Raspberry Pi 5 selling 1.9m units in FY 2024 following its introduction at the end of October 2023.\n\n\n\n\n· \n\n\nA total of 22 product launches in FY 2024, with positive reception from both embedded and enthusi...