REG - London Security PLC - Final Results
08/05/2026 16:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260508:nRSH6639Da&default-theme=true
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 (http://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 Tel: 01422 372 852
Company Secretary
Zeus (Nomad and Broker)
Darshan Patel / George Duxberry Tel: 0203 829 5000
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END FR AKFBQQBKDFPK
Copyright 2019 Regulatory News Service, all rights reservedRecent news on London Security
See all newsREG - London Security PLC - Final Results
AnnouncementREG - London Security PLC - Cancellation of Treasury Shares
AnnouncementREG - London Security PLC - Transaction in Own Shares
AnnouncementREG - London Security PLC - Transaction in Own Shares
AnnouncementREG - London Security PLC - Dividend Declaration
Announcement