Business
Trading Update and Contract Wins
Trading Update and Contract Wins.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n\n14 May 2025\nTPXimpact Holdings PLC\n(\"TPX\", or the \"Group\", or the \"Company\")\nTrading Update and Contract Wins\n \nTPXimpact Holdings PLC (AIM: TPX), a leading technology-enabled services company focused on people-powered digital transformation, is pleased to provide an update on its Q4 and full-year trading for the year that ended 31 March 2025 (\"FY25\") and to provide guidance for the full year ending 31 March 2026 (\"FY26\").\n\nFY25 Trading Performance\nThe Group delivered a solid fourth quarter, with trading in line with revised expectations and full-year revenue anticipated to be consistent with previous guidance. We have continued to improve the quality and resilience of our operations, a reflection of the strategic decisions taken earlier in the year to streamline our structure and focus on delivering value more efficiently. As a result, Adjusted EBITDA is expected to be at the top end of our 1-2% year-on-year margin growth range.\nDisciplined working capital management and a strong finish to the year have also supported a reduction in net debt (excluding lease liabilities) to c.£8.5m, which is towards the lower end of the target range of 1.5x-2.0x for the year ending March 2025 and comfortably ahead of the Company's banking covenants.\nManagement expects to publish our preliminary, unaudited FY25 results in June 2025.\nContract Wins Strengthen Government Partnerships\nThe Company is proud to announce two recent significant contract wins that further cement its role as a trusted transformation partner to the UK Government:\n● A £7 million, two-year contract with the Department for Business and Trade (DBT), supporting the UK's growth agenda.\n\n● A £9 million (with an opportunity to extend by 50%), 12-month contract with His Majesty's Prison & Probation Service (HMPPS), delivering digital transformation to enhance public safety and justice services.\nThese recently signed awards are a clear endorsement of TPXimpact's ability to deliver at scale in a complex and evolving public sector environment and they highlight the real-world impact of TPXimpact's mission-driven approach.\n \nOutlook for FY26: Positive Start, Cautious Optimism\nMarket conditions were unpredictable in FY25, with revenues reducing by 8-10% due to the General Election, Government s...