Business
2025 Annual Results
Maintel Holdings PLC reported its audited annual results for the year ended 31 December 2025, with group revenue decreasing by 5.8% to £92.2 million and gross profit falling by 8.5% to £28.0 million. Adjusted EBITDA saw a significant decrease of 31.4% to £7.2 million, and the company reported a loss before tax of £2.3 million, a substantial drop from the prior year's profit of £0.4 million. This decline is attributed to factors including churned contracts, increased employer costs, and investments in IT systems and marketing, leading to adjusted earnings per share of 7.5p, down from 28.2p in 2024. Net debt increased by 9.6% to £18.3 million. Disclaimer*
About this update from Maintel Holdings Plc
[{"type":"text","content":"\n\n\n29 June 2026\nMaintel Holdings plc (\"Maintel\", the \"Company\" or the \"Group\")\n \nAnnual audited results for the year ended 31 December 2025\n \nContinued execution of strategic objectives and pipeline growth\n \nMaintel Holdings Plc, a leading provider of cloud and managed communications services, announces its audited results for the 12-month period to 31 December 2025.\n \nKey Financials\n\n\n\n\nFinal results for the year to 31 December:\n\n\n2025\n\n\n 2024\n\n\n Increase / (Decrease)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup revenue (£'m)\n\n\n92.2\n\n\n97.9\n\n\n(5.8%)\n\n\n\n\nGross profit (£'m)\n\n\n28.0\n\n\n30.6\n\n\n(8.5%)\n\n\n\n\nAdjusted EBITDA[1] (£'m)\n\n\n7.2\n\n\n10.5\n\n\n(31.4%)\n\n\n\n\n(Loss)/profit before tax (£'m)\n\n\n(2.3)\n\n\n0.4\n\n\n(675.0%)\n\n\n\n\nAdjusted profit before tax [2] (£'m)\n\n\n4.0\n\n\n7.3\n\n\n(45.2%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic (loss)/earnings per share (p)\n\n\n(11.8)\n\n\n3.6\n\n\n(427.8%)\n\n\n\n\nAdjusted earnings per share [3] (p)\n\n\n7.5\n\n\n28.2\n\n\n(73.4%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet debt[4] (£'m)\n\n\n(18.3)\n\n\n(16.7)\n\n\n(9.6%)\n\n\n\n\n \nHighlights\n \n· Group revenue was £92.2m (2024: £97.9m), a decrease of 5.8% with recurring revenue representing 74% of total revenue (2024: 75%).\n \n· Recurring revenue decreased by 6.6% in the period to £68.4m (2024: £73.3m) due to a small number of churned contracts as previously flagged.\n \n· Project revenue amounted to £23.8m (2024: £24.6m), reducing by 3.2% compared to the previous period, reflecting the slow growth in the public sector and a competitive landscape in the private sector particularly in the second half of 2025.\n \n· As previously announced, the Group contracted approximatively £50.0m of total contract value in new business within its target vertical sectors and technology segments. That included contracts for a nationwide SD-WAN and network security managed service with a leading UK retailer, an agentic AI customer experience automation deployment for a large credit management company, and a public cloud Unified Communications solution across 320 stores and distribution centres in the UK and the Republic of Ireland for a major retailer.\n \n· G...
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