Science Group Plc · LSE:SAG
Science — FY2025 Earnings Presentation
18 slides from Science's earnings presentation, Mar 17, 2026
Slide 1: 2025 Preliminary Results
Inspired by Science, Technology & Engineering Delivering Innovation 2025 Preliminary Results Resilience & Opportunity in an Unpredictable World Martyn Ratcliffe Executive Chair Dan Edwards Group Managing Director Jon Brett Group Finance Director To be read in conjunction with the audited preliminary
Slide 2: Financial Summary
Financial Summary Group Revenue Adjusted Operating Profit Record Profitability (with Cash Flow) £111.7m £23.1m 2024: £110.7m 2024: £21.5m AOP of £23.1m (2024: £21.5m) Cash generated from operations of £31.8m (2024: £21.8m) Profit before tax of £41.5m (2024: £14.7m) Reported PBT Adjusted Operating Ma
Slide 3: Group Profit and EPS Growth
Group Profit and EPS Growth • Record AOP of £23.1m (2024: £21.5m) from operating businesses • Record Adjusted EPS of 40.2 pence (2024: 36.2 pence) • Successful corporate investment delivered incremental exceptional gain – Statutory Profit Before Tax of £41.5m – Statutory EPS of 75.1 pence (2024: 26.
Slide 4: Group Revenue & AOP Margin
Group Revenue & AOP Margin • Revenue of £111.7m (2024: £110.7m) – Resilient operating performance, despite challenging market in some sectors • Adjusted Operating Margin of 20.7% (2024: 19.5%) – Margin improvement through Defence services transition • Cash generated from operations of £31.8m (2024:
Slide 5: Operating Business Overview
Inspired by Science, Technology & Engineering Delivering Innovation Operating Business Overview
Slide 6: Services Division: Sagentia
Services Division: Sagentia • Advisory, Product Development and Regulatory services – 5 Practices under Sagentia brand: Medical, Defence, Regulatory, Innovation, Aviation Financial Highlights – High end market positioning with deep domain and technical expertise Revenue • Market sector commentary: £
Slide 7: Services Division: Application of AI
Services Division: Application of AI • Sagentia high end positioning with deep technical and domain value-add • AI applications currently deployed to complement and augment core Sagentia services • Sagentia has been exploring "AI in R&D" with blue chip partners since 2024 (see published playbook) •
Slide 8: Systems: CMS2
Systems: CMS2 • Design, manufacture and support atmosphere management systems for submarines, providing oxygen generation and CO2 extraction products Financial Highlights • Market leading position for regenerative systems outside the USA Revenue • Financial performance sustained, confirming successf
Slide 9: Systems: Frontier
Systems: Frontier • Leading developer of radio and connected-audio chips & modules • Traditional radio (DAB & SmartRadio) market relatively stable Financial Highlights – 2026 risks: Memory cost, US Dollar volatility, transport disruption Revenue • New connected-audio product (Auria) launched £13.2m
Slide 10: Corporate
Corporate • Underlying corporate costs of £3.1m (2024: £2.9m) – Reflecting corporate activity in first half of year • Investment in Ricardo plc – Investment in Ricardo totalling £32.7m at average share price of 239p – Third party offer at 430p per share – Pre-Tax Return on Investment of £24.1m – Est
Slide 11: ESG
ESG • Environmental: Business is considered low-impact and low-risk – Ongoing TCFD reporting concluding Group has low risk – Enhanced scope 3 reporting for SECR, including employees’ commutes – Sustainability is key component of many projects in Services division • Social: Committed to open, inclusi
Slide 12: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow • Cash – Cash generated from operations (before tax and interest payments) of £31.8m – Cash generated from corporate activity (net of tax) of £19.0m – Group Cash at year end of £72.6m (2024: £38.6m) – Net funds at year end of £61.2m (2024: £26.8m) – Term loans related to fr
Slide 13: Summary: 15 Year Record with Future Opportunity
Summary: 15 Year Record with Future Opportunity Shareholder Value Creation Share Price consistently exceeded relevant Indices* (1,3,5,10,15 years to 31/12/25) Operating Priorities Proposed Dividend Yield: 1.9% Shareholder Priorities AOP Growth: >9x (2010-25) 2025 Share Buyback: £10.7m Shareholder Di
Slide 14: Appendix Annual Review: Capital Sources & Allocation
Inspired by Science, Technology & Engineering Delivering Innovation Appendix Annual Review: Capital Sources & Allocation
Slide 15: Capital Sources 2010-2025
Capital Sources 2010-2025 – Consistent, strong underlying operating cash flow – Return on investment related to the H1-25 corporate activity - net gain shown on chart – Term debt renewed in March 2025 - tied solely to freehold properties – New Revolving Credit Facility of £30.0m in March 2025 (undra
Slide 16: Capital Allocation 2010-2025
Capital Allocation 2010-2025 – Major capital deployments relate to acquisitions – £14.3m returned to shareholders in 2025 • Share buy-back of £10.7m (2024: £5.0m) • Dividend payment of £3.6m (2024: £3.7m) – Capital allocation for Ricardo investment in H1-25 not shown – net gain reported on Capital S
Slide 17: Cash & Debt 2009-2025
Cash & Debt 2009-2025 – Group Cash at 31 December 2025 of £72.6m and Net Funds of £61.2m – Shareholder returns in 2025 of £14.3m: share buy-back programme (£10.7m) and dividend (£3.6m) – Term Loan renewed in March 2025 - related to freehold properties – New Revolving credit facility of £30.0m (undra
Slide 18: 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