Business
Audited Results for Year Ended 31 December 2024
Audited Results for Year Ended 31 December 2024.
About this update from Science Group Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n \n\n\n24 March 2025\n\n\n\n\n \nSCIENCE GROUP PLC\n \nAUDITED RESULTS\nFOR THE YEAR ENDED 31 DECEMBER 2024\n \nScience Group plc (the 'Company') together with its subsidiaries ('Science Group' or the 'Group') reports its audited results for the year ended 31 December 2024. \n· Solid financial performance:\no Record adjusted* operating profit of £21.5 million (2023: £20.5 million)\no Record adjusted* basic earnings per share of 36.2 pence (2023: 33.3 pence)\no Revenue marginally lower at £110.7 million (2023: £113.3 million)\no Record profit before tax of £14.7 million (2023: £7.6 million)\no £21.8 million cash generated from operations\no Year-end cash of £38.6 million with net funds of £26.8 million (2023: £30.9 million and £18.0 million, respectively) after £5.0 million (2023: £3.9 million) share buy-back\n\n· Significant corporate activity post year-end:\no Investment in Ricardo plc in February/March 2025\no Banking facilities (term loan and revolving credit facility) renewed in March 2025\no 2025 share buy-back programme being increased to over £6.0 million (2024: £5.0 million) and dividend maintained at 8.0 pence per share reflecting capital allocation prioritisation\n \n\n\n\n\nScience Group plc\n\n\n\n\n\n\n\nMartyn Ratcliffe, Executive Chair\n\n\nTel: +44 (0) 1223 875 200\n\n\n\n\nJon Brett, Finance Director\n\n\nwww.sciencegroup.com \n\n\n\n\n \n\n\n\n\n\n\n\nCanaccord Genuity Limited (Nominated Adviser and Joint Broker)\n\n\n\n\n\n\n\nSimon Bridges, Andrew Potts\n\n\nTel: +44 (0) 20 7523 8000\n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Liberum Limited (Joint Broker)\nMax Jones, John More\n\n\nTel: +44 (0) 20 3100 2000\n\n\n\n\n \n \n*Alternative performance measures are provided in order to reflect the underlying financial performance of the Group. Refer to Note 1 for detail and explanation of the measures used.\n\n\n \nStatement of Executive Chair\nScience Group plc is an international science & technology consultancy and systems organisation. In 2024, Science Group again demonstrated the resilience of its operating model and, in an unpredictable economic and political environment, the Group has delivered another year of record profitability.\n ...