REG - Gateley (Holdings) - FY 2025 Trading Update

Gateley (Holdings)Announcement

Tue 07:00

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RNS Number : 0977L  Gateley (Holdings) PLC  03 June 2025

3 June 2025

GATELEY (HOLDINGS) PLC

("Gateley" or the "Group" or the "Company")

(AIM: GTLY)

 

FY25 TRADING UPDATE AND NOTICE OF RESULTS

 

Gateley (AIM: GTLY), the professional services group, announces a trading
update ahead of its full year results for the year ended 30 April 2025 (the
"Period"), which are expected to be announced on 15 July 2025.

 

In the Period, Group revenue grew c.4%, of which c.3% was organic and is
expected to be not less than £179.0m (FY24: £172.5m). The board remains
committed to its long-term strategic plan of continuing to invest in,
strengthen and diversify the business. The Group underlying operating margin
was maintained year-on-year, but lower interest rates resulted in a decline in
net interest income. The Group's underlying PBT * for the Period is expected
to be broadly in line with market consensus**.

 

Net debt at the end of the Period was £6.6m (FY24 net cash: £3.8m),
including, as part of stated strategy, funding the employee benefit trust to
facilitate recirculation of internally held equity to incentivise our current
and future senior staff.

 

The Group intends to propose a final dividend of 6.2p, bringing annual
dividends for FY25 in line with the previous year at 9.5p.

 

Rod Waldie, Gateley Chief Executive Officer, said:

 

"We are pleased to report growth for FY25, set against an unpredictable
economic backdrop during large parts of the Period. This growth was
contributed to by recently made investments in new service lines delivering
good returns in year.

 

"In-Period highlights include the renewal of and increase in our revolving
credit facility to £80m, primarily to support further investment in our
strategy for diversified growth of the Group. Gateley is therefore well
positioned to further execute its strategy in FY 26, both organically and with
an active acquisition pipeline.

 

 "In the meantime, the Group is carrying good momentum into the current
financial year and, whilst aware of the unpredictable macro environment, we
look forward to the future with confidence.

 

"Finally, and vitally, I would like to thank our clients for their support and
our dedicated people for their ongoing hard work, commitment and can-do
attitude."

 

 

 *Underlying profit before tax excludes remuneration for post-combination
services, gain on bargain purchase, share-based payment charges, acquisition
related amortisation and exceptional items.

 

** Based on the latest published equity research, the company compiled
consensus expectations for FY25 are for revenue of £183.5m and adjusted PBT
of £23.8m.

 

Enquiries:

 

 Gateley (Holdings) Plc
 Neil Smith, Chief Financial Officer                               Tel: +44 (0) 121 234 0196
 Nick Smith, Acquisitions Director and Head of Investor Relations  Tel: +44 (0) 20 7653 1665
 Cara Zachariou, Communications Director                           Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946

 Panmure Liberum - Nominated Adviser and Broker -

 Nicholas How/Nikhil Varghese                                      Tel: +44 (0) 20 3100 2000

 

 

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