Business
Results for the six months to 31 March 2025
Results for the six months to 31 March 2025.
About this update from Sage Group Plc
[{"type":"text","content":"\n\n \n\nThe Sage Group plc\n Results for the six months to 31 March 2025 (unaudited)\n15 May 2025\n \nContinued strong growth driven by consistent strategic execution\nSteve Hare, Chief Executive Officer, commented:\n\"Sage delivered strong results in the first half of the year, extending our track record of broad-based growth and significant margin expansion. Our performance reflects the strength of our accounting, HR and payroll solutions, underpinned by ongoing investment in our network platform.\"\n\"We continue to focus on innovation, transforming customer workflows through AI-powered services. Just one year after launch, Sage Copilot is delivering enhanced productivity and insights to thousands of customers across our portfolio, whilst paving the way for the next generation of AI accounting, powered by agentic workflows.\n\"Amid a more volatile and uncertain macroeconomic environment, Sage remains resilient and diversified. Small and mid-sized businesses continue to adopt digital technologies to become more productive and efficient. I am confident that our proven strategy will deliver further long-term value to all our stakeholders.\"\n\n\n\n\nUnderlying Financial APMs[i]\n\n\nH1 25\n\n\nH1 24[ii]\n\n\nChange\n\n\nOrganic\nChange\n\n\n\n\nAnnualised Recurring Revenue (ARR)\n\n\n£2,454m\n\n\n£2,218m\n\n\n+11%\n\n\n+10%\n\n\n\n\nUnderlying Total Revenue\n\n\n£1,242m\n\n\n£1,134m\n\n\n+9%\n\n\n+9%\n\n\n\n\nUnderlying Operating Profit\n\n\n£288m\n\n\n£247m\n\n\n+16%\n\n\n+16%\n\n\n\n\n % Underlying Operating Profit Margin\n\n\n23.2%\n\n\n21.8%\n\n\n+1.4 ppts\n\n\n+1.4 ppts\n\n\n\n\nUnderlying EBITDA\n\n\n£334m\n\n\n£292m\n\n\n+14%\n\n\n\n\n\n\n\n % Underlying EBITDA Margin\n\n\n26.9%\n\n\n25.8%\n\n\n+1.1 ppts\n\n\n \n\n\n\n\nUnderlying Basic EPS (p)\n\n\n20.8p\n\n\n17.7p\n\n\n+17%\n\n\n\n\n\n\n\nUnderlying Cash Conversion\n\n\n115%\n\n\n127%\n\n\n-12 ppts\n\n\n\n\n\n\n\nStatutory Measures\n\n\nH1 25\n\n\nH1 24\n\n\nChange\n\n\n \n\n\n\n\nRevenue\n\n\n£1,242m\n\n\n£1,152m\n\n\n+8%\n\n\n\n\n\n\n\nOperating Profit\n\n\n£255m\n\n\n£215m\n\n\n+18%\n\n\n\n\n\n\n\n % Operating Profit Margin\n\n\n20.5%\n\n\n18.7%\n\n\n+1.8 ppts\n\n\n \n\n\n\n\nBasic EPS...