MICROLISE GROUP PLC (SAAS) — Audited results for the year ended 31 December 2024

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the MICROLISE GROUP PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. And then I'd like to hand you over to Nadine Raza, CEO. Good morning, sir. Good morning, and thank you for joining us this morning. Quick introduction. My name is Nadim Raza. I'm the CEO for Muckrise Group. With me, I have Nick Wineman, who is our chief financial officer. We're gonna skip over quite a lot of the introductory slides explaining what we do as a business and and how we operate and the market segments that we operate in. They are all those slides are available in the appendix section of this presentation. So moving on to the key line key highlights of our FY 2024. Revenue was up 13% to 81,000,000. We have adjusting adjusted recurring revenue of 54,700,000 to 21%. Adjusted EBITDA at 11.3%, up 20%. And our ARR stands at 56,600,000, again, up 19%. A big increase in subscriptions. And, again, that's mainly down to the onboarding of all of the customers for ESS, the acquisition that we did in January 2024. We're still maintaining that really low churn rate, well below 10.7%. And cash was down 32%, again, mainly down to the completion of the ESS acquisition as of January 2024. Some of the operational highlights. We completed our fourth acquisition, which was ESS. We were...