Business
Preliminary Results
Preliminary Results.
About this update from Zotefoams Plc
[{"type":"text","content":"\n\nZotefoams plc\n \nPreliminary Results (unaudited) for the Year Ended 31 December 2024\n18 March 2025 - Zotefoams plc (\"Zotefoams\" or \"the Company\" or \"the Group\"), a world leader in supercritical foams, today announces its unaudited preliminary results for the year ended 31 December 2024.\n \n\"Record revenue and profitability form a firm foundation for our next growth phase\"\n \nFinancial Headlines\n\n\n\n\n\n\n\n \n\n\n \n\n\nGroup\n\n\n \n\n\n \n\n\n\n\n\n\n\n \n\n\n2024\n\n\n2023\n\n\nChange\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue (£m)\n\n\n\n\n\n147.8\n\n\n127.0\n\n\n16%\n\n\n\n\n\n\n\nGross profit (£m)\n\n\n\n\n\n46.1\n\n\n41.1\n\n\n12%\n\n\n\n\n\n\n\nOperating profit1 before exceptional items (£m)\n\n\n\n\n\n18.1\n\n\n15.1\n\n\n20%\n\n\n\n\n\n\n\nExceptional items\n\n\n\n\n\n(15.2)\n\n\n-\n\n\n-\n\n\n\n\n\n\n\nOperating profit1,4 after exceptional items (£m)\n\n\n\n\n\n3.0\n\n\n15.1\n\n\n(80)%\n\n\n\n\n\n\n\nProfit before tax1 before exceptional items (£m)\n\n\n\n\n\n15.3\n\n\n12.8\n\n\n19%\n\n\n\n\n\n\n\nProfit before tax1,4 after exceptional items (£m)\n\n\n\n\n\n0.2\n\n\n12.8\n\n\n(99)%\n\n\n\n\n\n\n\nCash generated from operations (£m)\n\n\n\n\n\n30.4\n\n\n12.1\n\n\n151%\n\n\n\n\n\n\n\nNet debt (£m)\n\n\n\n\n\n33.0\n\n\n31.6\n\n\n(4)%\n\n\n\n\n\n\n\nNet debt ex IFRS16 (£m)\n\n\n\n\n\n24.1\n\n\n30.2\n\n\n20%\n\n\n\n\n\n\n\nLeverage ratio2\n\n\n\n\n\n0.9\n\n\n1.2\n\n\n-\n\n\n\n\n\n\n\nFinal dividend3 (p)\n\n\n\n\n\n5.10\n\n\n4.90\n\n\n 4%\n\n\n\n\n\n\n\n \n1 This is a reported number under UK adopted IAS and is after the deduction of amortisation of acquired intangibles amounting to £0.250m in 2024 and £0.257m in 2023\n2 Leverage is that defined under the bank facility, with net debt at the end of the period divided by the preceding 12 months' EBITDA, adjusted for the impact of IFRS2 and IFRS16\n3 Final dividend is subject to approval at the May 2025 Annual General Meeting\n4 After rounding\n \nResults Headlines\n\n\n\n\n·\n\n\nRecord Group revenue of £147.8m, 16% higher than the prior year\n\n\n\n\n·\n\n\nHigh-performance product sales surpass those of Polyolefin Foams for the first time, reflecting the Group's focus on mix enrichment\n\n\n\n\n·\n\n\nRecord operating profit before exceptional items up 20% to £18.1m\n\n\n\n\n\...