RNS Number : 6639D
London Security PLC
08 May 2026
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.
Final Results for the Year Ended 31 December 2025
Chairman's statement
J.J. Murray, Chairman
Financial Highlights
Financial highlights of the audited results for the year ended 31 December 2025 compared with the year ended 31 December 2024 are as follows:
• revenue of £244.3million (2024: £220.7 million),
• operating profit of £32.7 million (2024: £29.7 million),
• profit for the year of £23.8 million (2024: £21.7 million),
• cash of £45.9 million (2024: £29.6 million),
• earnings per share for the year of £1.94 (2024: £1.77) and
• a dividend per share of £0.97 (2024: £1.22).
Trading review
The financial highlights illustrate that the Group's revenue increased by £23.6 million (10.7%) to £244.3 million and operating profit increased by £3.0 million (10.1%) to £32.7 million. These results reflect:
• The movement in the Euro to Sterling average exchange rate, which had a positive effect of £1.7 million on reported revenue and £0.3 million on operating profit. A more detailed review of this year's performance is given in the Financial Review and the Strategic Report.
• Organic growth as the service companies continue to expand and cross sell additional fire protection services and products to their customers.
• Service pool growth due to acquisitions in past years.
• During the year, special projects, the instance of which is unpredictable, experienced strong demand.
Acquisitions
It remains a principal aim of the Group to grow through acquisition. Acquisitions are being sought throughout Europe and the Group will invest at prices where an adequate return is envisaged by the Board. In the year under review the Group completed the acquisition of service contracts from smaller well-established businesses for integration into the Group's existing subsidiaries and has grown its presence in the Netherlands, the United Kingdom and France.
Management and staff
2025 was a year in which the staff performed well and, on behalf of the shareholders, I would like to express thanks and appreciation for their contribution. The Group recognises that we can only achieve our aims with talented and dedicated colleagues who provide outstanding customer service in every area of the business.
Dividends
An interim dividend in respect of 2025 of £0.55 per ordinary share was paid to shareholders on 5 December 2025. The Board is recommending the payment of a final dividend in respect of 2025 of £0.42 per ordinary share. This would be paid on 10 July 2026 to shareholders on the register on 12 June 2026 with the shares marked ex-dividend on 11 June 2026.
Future prospects
We continue to believe that the Group's well-established business model and solid financials provide a strong foundation to provide profitable growth and long-term shareholder returns. The conflict in the Middle East has no direct impact on the Group but will lead to an increase in inflation and may affect business confidence and growth in our market. The London Security Group has a healthy balance sheet, strong cash reserves and a track record for good cash generation. We will also continue to invest in our future and the Group plans to continue to grow through acquisitions.
Annual General Meeting
The Annual General Meeting ("AGM") will be held at 2 Jubilee Way, Elland, West Yorkshire HX5 9DY, on 25 June 2026 at 11.30 am. The Company confirms that shareholders are able to attend in person should they wish to do so.
J-J. Murray
Chairman
8 May 2026
Consolidated income statement
for the year ended 31 December 2025
2025
2024
Note
£'000
£'000
Revenue
244,300
220,653
Cost of sales
(65,292)
(58,752)
Gross profit
179,008
161,901
Distribution costs
(93,011)
(82,323)
Administrative expenses
(53,332)
(49,924)
Operating profit
32,665
29,654
Finance income
284
420
Finance costs
(454)
(377)
Finance (costs)/income - net
(170)
43
Profit before income tax
32,495
29,697
Income tax expense
(8,716)
(8,032)
Profit for the year attributable to equity shareholders of the Company
23,779
21,665
Earnings per share
Basic and diluted
1
194.0p
176.7p
The above results are all as a result of continuing operations.
Consolidated statement of comprehensive income
for the year ended 31 December 2025
2025
2024
£'000
£'000
Profit for the financial year
23,779
21,665
Other comprehensive (expense)/income:
Items that may be reclassified subsequently to profit or loss:
- currency translation differences on foreign currency net investments
4,738
(4,284)
Items that will not be reclassified subsequently to profit or loss:
- actuarial gain recognised in the Nu-Swift Pension Scheme
-
38
- movement on deferred tax relating to the Nu-Swift Pension Scheme surplus
-
26
- actuarial gain recognised in the Ansul Pension Scheme
15
308
- movement on deferred tax relating to the Ansul Pension Scheme deficit
(4)
(75)
Other comprehensive expense for the year, net of tax
4,749
(3,987)
Total comprehensive income for the year
28,528
17,678
Consolidated statement of changes in equity
for the year ended 31 December 2025
Capital
Ordinary
Share
redemption
Merger
Other
Retained
Total
shares
premium
reserve
reserve
reserves
earnings
equity
£'000
£'000
£'000
£'000
£'000
£'000
£'000
1 January 2024
123
344
1
2,033
7,079
142,663
152,243
Total comprehensive income for the year
Profit for the financial year
-
-
-
-
-
21,665
21,665
Other comprehensive income:
- exchange adjustments
-
-
-
-
(4,284)
-
(4,284)
- actuarial gain on pension schemes
-
-
-
-
-
346
346
- net movement on deferred tax relating to pension schemes
-
-
-
-
-
(49)
(49)
Total comprehensive income for the year
-
-
-
-
(4,284)
21,962
17,678
Contributions by and distributions to owners of the Company:
- dividends
-
-
-
-
-
(14,950)
(14,950)
At 31 December 2024 and 1 January 2025
123
344
1
2,033
2,795
149,675
154,971
Total comprehensive income for the year
Profit for the financial year
-
-
-
-
-
23,779
23,779
Other comprehensive income:
- exchange adjustments
-
-
-
-
4,738
-
4,738
- actuarial gain on pension scheme
-
-
-
-
-
15
15
- net movement on deferred tax relating to pension scheme
-
-
-
-
-
(4)
(4)
Total comprehensive income for the year
-
-
-
-
4,738
23,790
28,528
Contributions by and distributions to owners of the Company:
- dividends
-
-
-
-
-
(11,890)
(11,890)
At 31 December 2025
123
344
1
2,033
7,533
161,575
171,609
The merger reserve is not a distributable reserve. The other reserves relate entirely to the effects of changes in foreign currency exchange rates.
Consolidated statement of financial position
as at 31 December 2025
2025
2024
£'000
£'000
Assets
Non-current assets
Property, plant and equipment
20,823
18,351
Right of use assets
7,624
7,159
Intangible assets
77,028
76,744
Deferred tax asset
602
623
Retirement benefit surplus
-
359
106,077
103,236
Current assets
Inventories
23,149
21,476
Trade and other receivables
50,359
50,855
Cash and cash equivalents
45,868
29,561
119,376
101,892
Total assets
225,453
205,128
Liabilities
Current liabilities
Trade and other payables
(40,713)
(36,862)
Income tax liabilities
(2,526)
(2,328)
Borrowings
(237)
(221)
Lease liabilities
(2,860)
(2,449)
Provision
(1)
(455)
(46,337)
(42,315)
Non-current liabilities
Trade and other payables
(805)
(1,100)
Borrowings
(117)
(27)
Lease liabilities
(5,018)
(4,873)
Deferred tax liabilities
(890)
(1,311)
Retirement benefit obligations
(308)
(531)
Provision
(369)
-
(7,507)
(7,842)
Total liabilities
(53,844)
(50,157)
Net assets
171,609
154,971
Shareholders' equity
Ordinary shares
123
123
Share premium
344
344
Capital redemption reserve
1
1
Merger reserve
2,033
2,033
Other reserves
7,533
2,795
Retained earnings
161,575
149,675
Total equity
171,609
154,971
Consolidated statement of cash flows
for the year ended 31 December 2025
2025
2024
£'000
£'000
Cash flows from operating activities
Cash generated from operations
48,887
34,303
Interest paid
(452)
(358)
Income tax paid
(9,506)
(8,123)
Net cash generated from operating activities
38,929
25,822
Cash flows from investing activities
Acquisition of subsidiary undertakings (net of cash acquired)
(420)
-
Purchases of property, plant and equipment
(7,620)
(6,641)
Proceeds from the sale of property, plant and equipment
659
632
Purchases of intangible assets
(2,386)
(4,162)
Interest received
284
404
Net cash used in investing activities
(9,483)
(9,767)
Cash flows from financing activities
Repayments of borrowings
(90)
(206)
Payment of lease liabilities
(3,002)
(2,725)
Dividends paid to the Company's shareholders
(11,890)
(14,950)
New borrowings
163
-
Net cash used in financing activities
(14,819)
(17,881)
Net decrease in cash in the year
14,627
(1,826)
Cash and cash equivalents at the beginning of the year
29,561
32,737
Effects of exchange rates on cash and cash equivalents
1,680
(1,350)
Cash and cash equivalents at the end of the year
45,868
29,561
Notes to the financial statements
for the year ended 31 December 2025
1 Earnings per share
The calculation of basic earnings per ordinary share ("EPS") is based on the profit on ordinary activities after taxation of £23,779,000 (2024: £21,665,000) and on 12,259,877 (2024: 12,259,877) ordinary shares, being the weighted average number of ordinary shares in issue during the year.
For diluted EPS, the weighted average number of shares in issue is adjusted to assume conversion of all dilutive potential ordinary shares. There was no difference in the weighted average number of shares used for the calculation of basic and diluted earnings per share as there are no potentially dilutive shares outstanding.
2025
2024
£'000
Pence
£'000
Pence
Profit on ordinary activities after taxation
23,779
194.0
21,665
176.7
2 This financial information within this preliminary announcement does not constitute the Company's statutory accounts within the meaning of Section 434 of the Companies Act 2006. The results for the year ended 31 December 2025 have been extracted from the full accounts of the Group for that year which received an unmodified auditor's report, and which have not yet been delivered to the Registrar of Companies. The financial information for the year ended 31 December 2024 is derived from the statutory accounts for that year, which have been delivered to the Registrar of Companies. The report of the auditor on those filed accounts was unmodified and does not include a statement under section 498(2) or (3) of the Companies Act 2006.
This preliminary announcement has been prepared in accordance with the recognition and measurement principles of UK adopted international accounting standards in conformity with the requirements of the Companies Act 2006 and in accordance with the AIM rules. The financial information included in this preliminary announcement does not include all the disclosures required in accounts prepared in accordance with UK adopted international accounting standards in conformity with the requirements of the Companies Act 2006 and accordingly it does not itself comply with UK adopted international accounting standards in conformity with the requirements of the Companies Act 2006. The accounting policies used in the preparation of this preliminary announcement have remained unchanged from those set out in the statutory accounts for the year ended 31 December 2024. They are also consistent with those in the full accounts for the year ended 31 December 2025, which have yet to be published.
The Group will post its annual report and accounts to shareholders on 21 May 2026, a copy of the annual report and accounts will be available on the company's website (www.londonsecurity.org).
The person responsible for arranging the release of this announcement on behalf of the Company is Richard Pollard, Company Secretary.
Enquiries
London Security plc
Richard Pollard Company Secretary
Tel: 01422 372 852
Zeus (Nomad and Broker)
Darshan Patel / George Duxberry
Tel: 0203 829 5000
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