Business
Interim results for six months ended 30 June 2025
London Security PLC reported interim results for the six months ended June 30, 2025, with revenue increasing to £116.9 million from £110.9 million in 2024. However, operating profit decreased to £12.4 million from £13.4 million. Earnings per share also saw a decrease, settling at 70.8p compared to 78.4p in the previous year. The Group's cash balance stood at £42.7 million, a rise from £29.6 million at the end of 2024. A final dividend in respect of 2024 of £0.42 per ordinary share was paid to shareholders on July 11, 2025. Disclaimer*
About this update from London Security Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. London Security PLC (the "Group" or "Company") Interim results for the six months ended 30 June 2025 Chairman's statement J-J. Murray, Chairman FInancial Highlights • Revenue £116.9m (2024: £110.9m) • Operating profit £12.4m (2024: £13.4m) • Earnings per share 70.8p (2024: 78.4p) Trading The financial highlights illustrate that the Group's revenue increased by £6.0 million (5.4%) to £116.9 million. Operating profit decreased by £1.0 million (7.5%) to £12.4 million. These results include the adverse movement in the Euro to Sterling average exchange rate, which has increased from 1.17 to 1.19. If the 2025 results from the European subsidiaries had been translated at 2024 rates, revenue would have been £118.5 million instead of £116.9 million, which would represent an increase of 6.9% on the prior year. On the same basis, operating profit would have been £12.6 million instead of £12.4 million. The main factors behind the decline in operating profit have been identified as a shortage of engineers, the increased costs of employing engineers and ongoing inflation. Management have addressed the shortage of engineers with a recruitment drive in the first quarter of 2025. After an initial period of training these new engineers are now servicing the Group's customers. Their performance is expected to accelerate through the year ahead with active mentoring and further training from their field service managers. Although inflation has moderated since last year, the Group continues to experience upward input price pressures. These supply price increases have been passed on to the Group's customers where possible. Acquisitions In the six months to the end of June, the Group strengthened its presence in the Netherland...
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