Business
Interim Report
Interim Report.
About this update from Diales Group Plc
DIALES GROUP PLC ("Diales" or the "Company" or the "Group") Interim Report For the six months ended 31 March 2025 Financial Highlights - for the six months ended 31 March 2025 6 months 6 months Ended Ended 31 March 2025 31 March 2024 £000 Unaudited £000 Unaudited** Change £000 Revenue 21,632 21,612 20 Gross Profit 5,702 6,210 (508) Gross Profit % 26.4% 28.7% (2.3%) Underlying* operating profit before tax 701 804 (103) Less: Share-based payment charge (71) (49) (22) Operating profit before tax from continuing operations 630 755 (125) Underlying* operating profit before tax % 3.2% 3.7% (0.5%) Underlying* earnings per share from continuing operations 1.0p 1.4p (0.4)p Operating profit before tax from continuing operations 630 755 (125) Loss on discontinued operations before tax (125) (375) 250 Operating profit before tax 505 380 125 Net cash 2,370 3,569 (1,199) Net cash per share 4.5p 6.8p (2.3)p Dividend per share 0.75p 0.75p *Underlying figures are stated before share-based payment costs **Restated to exclude Diales USA as a discontinued operation Financial Summary • Revenue from continuing operations remained stable at £21.6m (2024: £21.6m**). • Gross profit margin reduction to 26.4% (2024: 28.7%), gross profit of £5.7m (2024: 6.2m**), margin lower in the project services subsidiary with a reduction of 3.7% year on year, due to increased direct costs driven by market forces. • Underlying* operating profit before tax £0.7m (2024: £0.8m**), a margin of 3.2% (2024: 3.7%). • Operating profit before tax £0.6m (2024: £0.8m**). • Net cash of £2.4m (2024: £3.6m), reflecting the timing of dividend payments, the share buyback programme, tax payments and a net increase in trade receivables (expected to be received shortly). • Net cash as at 31 May 2025 of £2.5m post a further £0.4m of dividends paid on 10 April 2025. • Dividend maintained in the period at 0.75p (2024: 0.75p). Operational Highlights • Utilisation rate of 71.4% (2024: 73.4%) • Europe & Americas (E...