Science Group Plc · LSE:SAG
Science — H1 2025 Earnings Presentation
12 slides from Science's earnings presentation, Jul 28, 2025
Slide 1: 2025 Interim Results
2025 Interim Results Martyn Ratcliffe Dan Edwards Jon Brett Executive Chair Group Managing Director Group Finance Director To be read in conjunction with the Interim Results announcement released on 28 July 2025.
Slide 2: H1-2025 Summary
Science Group plc is an international Professional Services and Systems organisation delivering innovation through the application of science, technology and engineering. The capital generated from the cash flow of the operating businesses is invested in opportunities where the resources and capabil
Slide 3: Financial Summary
Financial Summary Profit Before Tax Statutory EPS H1 Operating Performance £32.2m H1-24: £7.6m 55.3p H1-24: 12.9p Record Adjusted Operating Profit (‘AOP’) AOP margin of 19.7% (H1-24: 20.5%) Resilient performance in volatile environment Group Revenue Adjusted Operating Profit Investment in Ricardo pl
Slide 4: Group Operating Performance
Group Operating Performance • Revenue: £57.2m (H1-24: £53.7m) – Professional Services Division: £33.2m (H1-24: £36.5m) – Systems Division: £23.7m (H1-24: £16.8m) • Adjusted Operating Profit: £11.3m (H1-24: £11.0m) – Record AOP despite volatile market environment – AOP Margin: 19.7% (H1-24: 20.5%) Gr
Slide 5: Group Cash and Cash Flows
Group Cash and Cash Flows • Group cash of £82.0m (H1-24: £38.8m) and net funds of £70.3m (H1-24: £26.4m) – Investment gain from Ricardo plc, realised in cash • Good working capital management and operating cash conversion – Cash generated from operations of £22.7m (H1-24: £10.7m) – Enhanced by norma
Slide 6: Professional Services Division
Professional Services Division • Product development, regulatory and advisory services to an international client base. Differentiated through technical, scientific and engineering Financial Highlights expertise combined with specialist industry knowledge • Professional services impacted by end-mark
Slide 7: Professional Services Division
Professional Services Division • Medical: Delayed start to two large projects. Now commenced and support anticipated growth in H2. Sector tends to be more resilient to macro-economic dynamics • Consumer & Industrial: More susceptible to end-market volatility (US tariffs, MAHA, consumer and business
Slide 8: Systems: CMS2
Systems: CMS2 • Submarine atmosphere management systems for the Defence sector. Market leading position outside the USA Financial Highlights • Strong financial performance confirming success of turnaround • Revenue enhanced by low-margin consumables Revenue • Progress in contracting in-service suppo
Slide 9: Systems: Frontier
Systems: Frontier • Leading developer and supplier of radio and audio semiconductors and modules. Product development team based in Cambridge and sales, support Financial Highlights and operations functions in UK and China • Performance ahead of expectations Revenue • Operational simplification in 2
Slide 10: Ricardo Investment Synopsis
Ricardo Investment Synopsis • Pre-Tax Return on Investment: £24.0m after costs (74.2% RoI) • Total investment (incl brokerage fees) between February and May 2025: £32.4m – Average price (incl brokerage fees): 239 pence per share • Realised value (cash) in June: £58.0m – Offer by third party at 430 p
Slide 11: Corporate
Corporate Share Buy-Back • H1 Buy-Back: 310k shares purchased at an average price of 460 pence per share • Board has increased the capital allocation to the share buy-back in H2 • Board will keep possible Tender Offer under review given significant cash resources Renewed Bank Finance Facilities • Fi
Slide 12: Disclaimer Statement
Disclaimer Statement This document contains forward-looking statements. These have been made by the Board in good faith based on the information available to them and it is believed that the expectations reflected in these statements are reasonable. However, due to the inherent uncertainties, includ