REG - One Media iP Group - Final Results
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RNS Number : 9441Y One Media iP Group PLC 01 April 2026
1 April 2026
One Media iP Group Plc
("One Media", "the Company" or the "Group")
Audited results for the year ended 31 October 2025
Improved profitability following focus on cost optimisation and divestment of
non-core assets
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer,
publisher and distributor, announces its audited results for the year ended 31
October 2025. Following the sale of TCAT Limited ("TCAT"), announced by the
Company on 27 November 2024, the results provided are on a continuing basis.
Financial Highlights
· Increase in EBITDA to £2.1 million (2024: £2.0 million),
demonstrating continued robust cost management.
· Total revenue decreased by 3% and net revenue (after distribution
charges, royalties, and other costs) decreased by 1% to £4.8 million (2024:
£4.9 million) and £3.2 million (2024: £3.3 million) respectively. Changes
in foreign exchange rates had a negative impact of £0.1 million on reported
net revenue for the period.
· Increase in operating profit to £1.2 million (2024: £1.1
million).
· Improvement in profit before tax to £0.9 million (2024: £0.8
million).
· Focus on cost management with continued operational efficiency
improvements: administration expenses down to £1.15 million (2024: £1.24
million).
· 80% uplift in Basic EPS from continuing operations to 0.47p
(2024: 0.26p).
· Year end cash balance of £0.8 million (2024: £0.4 million).
· Debt decreased by £0.4 million to £0.7 million (2024: £1.1
million) with continuation of payments in line with refinancing terms, further
reducing Coutts facility.
Portfolio & Operational Highlights
· Sale of TCAT to Round Group finalised in November 2024, with the
Company retaining a 5% equity stake in Round.
· Acquisition of exclusive mid-term licence to distribute one of
the world's most significant Classic Rock podcast collections, comprising
hundreds of episodes, interview features and themed specials celebrating the
biggest names in rock history, including The Beatles, The Rolling Stones, Led
Zeppelin, Pink Floyd, Fleetwood Mac, Bruce Springsteen, Tom Petty, The Eagles,
The Who, Santana, Jimi Hendrix, Genesis, Aerosmith, U2, Steely Dan, Steve
Miller and more.
· Continuing success in revenue generating proactive rights
management with multiple Point Classics placements including:
o Light Cavalry Overture in 'We Were Liars' (Amazon Prime, June 2025)
o Dance of the Sugar-Plum Fairy in 'Étoile' (Amazon Prime, April 2025)
o Rosamunde: Andante in 'The Old Man' (Disney+/Hulu, October 2024).
· Renewed media attention on unreleased 1992 Take That track
underscores value of Group's rights portfolio. National coverage reignited
public interest in Falling for You Girl, an unreleased track from the original
Take That line-up, with producer royalties held by the Company identified
through its rights acquisition.
· During the period, our YouTube performance continued to
strengthen, with both viewership and subscriber numbers showing meaningful
growth. Data from our distribution partners and direct reporting indicates
that total YouTube views from January to December 2025 increased by 298%
compared with 2024. Subscriber numbers also rose steadily over the year,
increasing by 11.71%, from 770,000 to 860,200, reflecting continued audience
engagement and the effectiveness of our digital exploitation strategy.
Board changes
· Non-Executive Director Brian Berg retired from the Board after
six years of service.
Market and outlook
· Global music industry growth continues to support the Company's
model, driven by digital distribution, the expansion of streaming and rising
demand for music usage.
· Goldman Sachs' Music in the Air 2025 projected a 7.6% CAGR
through to 2030, with industry revenues forecast to reach US$163.7bn, up from
US$98.3bn in 2023.
· IFPI reported global recorded music revenue rose 4.8% to
US$29.6bn in 2024, marking a tenth year of growth, with paid streaming
subscriptions up 9.5%.
· Management and the Board continue to monitor AI developments as
part of normal operations.
Michael Infante, CEO of One Media, said: "Over the past twelve months,
following the strategic sale of TCAT, we have had a relentless focus on cost
optimisation, which has enabled us to deliver improved profitability from our
continuing operations. The underlying source of this is the high quality of
the portfolio of music rights that we have aggregated over the past two
decades. Our catalogues continue to deliver reliable, recurring revenues as we
work to maximise and monetise the global appeal for the music we hold. In the
year ahead, our focus remains on catalogue management, margin discipline and
being alive to strategic market opportunities that can further enhance
shareholder value."
This announcement contains inside information for the purposes of UK Market
Abuse Regulation. The person who arranged the release of this information is
Michael Infante, Chief Executive Officer of the Company.
For further information, please contact:
One Media IP Group Plc
Michael Infante Chief Executive
Tel: +44 (0)175 378 5500
Claire Blunt Chairman
Tel: +44 (0)175 378 5501
Cairn Financial Advisers LLP Nominated Adviser
Liam Murray / Jo Turner / Ludovico Lazzaretti Tel: +44 (0)20 7213 0880
Cavendish Capital Markets Limited Broker
Giles Balleny (Corporate Finance) Tel: +44 (0)20 7397 8900
Michael Johnson / Dale Bellis (Sales)
Claire Turvey, Fourth Pillar Financial PR
Tel: +44 (0)7850 548 198
About One Media iP Group Plc
One Media is a digital music rights acquirer, publisher and distributor with a
diversified catalogue of over 400,000 music tracks. The Group specialises in
purchasing and monetising intellectual property rights with proven, repeat
income streams. One Media adds value to its content by maximising its
availability in over 600 digital stores globally, including Apple Music,
YouTube, Amazon and Spotify.
One Media's music is also widely used for synchronisation in film and TV
whilst its video content is primarily viewed on YouTube where One Media
operates over 20 YouTube channels as a certified partner. Men & Motors,
the Company's branded car channel, is now available via YouTube
www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
(https://www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg)
One Media is listed on the AIM Market of the London Stock Exchange under the
ticker 'OMIP'.
For further information, please visit www.omip.co.uk (http://www.omip.co.uk)
Chairman's Statement
With this set of full year results, we are seeing the benefit of both the
management's continued focus on cost efficiencies and the strategic divestment
of TCAT in November 2024. Both initiatives are delivering improved
profitability for the Group and, ultimately, enhanced shareholder returns.
During the year, the priority has been ensuring disciplined capital
allocation, to position the Company for long term value creation that is
underpinned by financial resilience.
As outlined at the half year, our strategy centres on three core pillars:
1. Maximising returns from existing IP through active global
exploitation and licensing;
2. Selective investment into new assets and partnerships, such as our
retained equity interest in Round Group following the TCAT disposal; and
3. Exploring corporate growth opportunities, both organically and
through acquisition, which enhance our digital-first model and long-term
scalability.
The Group's full year results reflect the fact that we have commenced that
strategic journey, with our eyes firmly fixed on maximising the Group's future
potential.
In the year to 31 October 2025, while Group revenue was slightly down on last
year and net revenues remained broadly flat, administration expenses were down
8%; profit before taxation increased by 9%; and earnings per share from
continuing operations improved by 80% to 0.47p.
Alongside this, following the disposal of TCAT, losses from discontinued
operations reduced significantly from £2.7 million in FY2024 to £0.6 million
in FY2025.
The team's experience in rights management and their positive exploitation of
our portfolio, continues to bear fruit, delivering the recurring revenue model
that ultimately validates the success of the Company's acquisition strategy,
which centres on delivering reliable, annuity like income from evergreen
music.
In Q4 2025, following the TCAT divestment and the renewed focus on the
Company's medium to long term strategic direction, the Board undertook a wider
strategy and operational review.
As a result of this review and after careful consideration, the Board has
decided not to pay a dividend at this time and continues to favour a prudent
dividend policy that prioritises strategic reinvestment of funds into the
business. We want to ensure that future distributions align with the Group's
evolving strategic priorities and that we allow for flexibility as the Board
and management continue to assess the available strategic options that are
designed to unlock greater scale and further enhance shareholder returns.
As previously highlighted, management fully recognises that scale is a key
challenge for One Media as a micro-cap company. As such, and for now, it
remains our view is that it is beneficial to retain the ability and agility to
respond to any corporate opportunities that may align with our strategic
goals.
The market backdrop we are operating in supports this approach. The outlook
for music IP remains strong and, against a broader global backdrop of some
uncertainty and flux, we are generating stable net revenues and capital value
growth underpinned by an irreplaceable portfolio of evergreen music
catalogues. Visibility and reliability of income, which is unaffected by
market movements, is appealing in such markets.
Within the sector, AI and its potential impact, is still a major topic of
music industry conversation. The rapid developments in this technology is
something we closely monitor, and our views remain measured and pragmatic. The
tools that AI is delivering for the industry, which make music monetisation
more efficient and much more effective, are supportive of our commercial goals
and are an integral part of our day-to-day portfolio management. Beyond this,
we continue to evaluate AI's broader evolution as part of our normal
operations.
Finally, on behalf of the Board, management and shareholders, I would formally
like to thank Brian Berg for his dedication to the Company during his six
years as a Non-Executive Director. Brian retired from the Board at the end of
March 2025 and, since then has continued to support the Company in an advisory
capacity as required.
With our renewed streamlined structure and a strong IP foundation through our
high quality portfolio, the Company is well positioned for the year ahead.
In 2026, whilst the Group is in a resilient position and cash generative, we
will continue to balance operational achievements and our disciplined approach
to capital allocation, while remaining open to strategic opportunities that
will enable access to scalable growth. With that, I would like to thank all
the members of the Company's team for their ongoing dedication to maximising
the Company's potential, and our shareholders for their enduring support as we
continue to work to unlock value on their behalf.
Claire Blunt
Non-Executive Chairman
Chief Executive's Statement
During FY2025, following the strategic sale of TCAT, our attention has largely
been on refocusing the Group towards our core business of music rights
management, and on reinforcing the financial resilience of the Company through
active cost optimisation. The results of these efforts are demonstrated in
this set of results, which have delivered improved profitability and position
us well as we continue to execute our strategy of monetising our high quality
portfolio of evergreen music rights. We have adopted a consolidative approach
in the year under review to align ourselves with the moving landscape of the
music industry and AI opportunities.
Financial performance
The strategic divestment of TCAT at the start of the financial year, in
November 2024, has resulted in an immediate and material improvement in
overall financial performance.
£4.8 million (2024: £4.9 million) in Group revenue was generated from our
carefully curated portfolio of music intellectual property royalties. While
changes in foreign exchange rates had a negative impact of £0.1 million, net
revenue was stable at £3.2 million (2024: £3.3 million). This underscores
the resilience of the Group's core catalogue monetisation strategy which, when
paired with our careful cost management during the year, has resulted in an
increase in operating profit to £1.2 million (2024: £1.1 million) and in
profit before tax, which improved by 9% to £0.9 million (2024: £0.8
million).
Total costs were reduced by an overall 7%. This includes a decrease in
distribution charges from £1.12 million in FY2024 to £1.03 million in
FY2025; royalty costs, which decreased to £0.37 million (2024: £0.40
million); and administration expenses, which were brought down to £1.15
million (2024: £1.24 million).
A one-off tax credit of £0.2 million was recognised during the year, relating
to tax benefits from TCAT, compared to a tax expense of £0.2 million in the
previous year.
This management strategy resulted in an 80% uplift in Basic EPS from
continuing operations to 0.47p (2024: 0.26p).
Portfolio management & operational update
The divestment of TCAT, which was finalised in November 2024, has allowed us
to refocus on our core portfolio of music rights, while gaining exposure to
creator-driven growth through our retained 5% equity stake in the digital
marketing and technology specialist, Round Group, which has a proprietary
suite of analytics tools and digital content services.
During the year, the Group acquired an exclusive mid-term licence to
distribute one of the world's most significant Classic Rock podcast
collections. The catalogue, which comprises hundreds of long-form episodes,
interview features and themed specials, celebrates the biggest names in rock
history, including The Beatles, The Rolling Stones, Led Zeppelin, Pink Floyd,
Fleetwood Mac, Bruce Springsteen, Tom Petty, The Eagles, The Who, Santana,
Jimi Hendrix, Genesis, Aerosmith, U2, Steely Dan, Steve Miller and more.
The new agreement gives One Media the exclusive rights to distribute and
monetise the podcasts globally across streaming and digital platforms,
covering artist-focused specials; historic retrospectives ("Time
Capsule", "Year in Rock"); storytelling formats ("Classic Tales", "Stories
Behind the Songs"); award and event programmes ("Classic Rock Awards"); and
themed collections such as Power Ballads, Southern Rock, Stadium Rockers,
Rock's Acoustic Side and The Great Anthems of Rock.
The acquisition has further enhanced One Media's portfolio by pairing its
existing music catalogue with exclusive spoken-word content around the same
heritage artists, widening commercial opportunities for playlisting.
The renewed focus on our high quality portfolio of evergreen music copyrights,
including music recordings, compositions and producer royalties from leading
legacy artists, means our digital catalogues have continued to benefit from
our active management across global streaming and video platforms, which
underpins our sustainable royalty income model.
Additional highlights driving the success of our portfolio during the period
include successful music placements, marketing efforts and active exploitation
of digital platforms.
Multiple Point Classics placements aired on major streaming platforms
including Light Cavalry Overture in 'We Were Liars' (Amazon Prime, June
2025); Dance of the Sugar-Plum Fairy in 'Étoile' (Amazon Prime, April 2025);
Rosamunde: Andante in 'The Old Man' (Disney+/Hulu, October 2024).
As announced via RNS on 18 January 2021, the Company acquired the producer
royalties for a selection of Take That recordings. The Company currently
collects royalties on the released tracks within that catalogue and has
actively pursued the potential release of an unreleased track featuring all
five original members of the band.
On 25 May 2025, national media coverage in The Sun reignited public interest
in the Take That archive, drawing particular attention to Falling for You
Girl, an unreleased 1992 track identified through our rights acquisition. The
Company continues to engage with Sony Music and the broader fan community to
support efforts towards an official release, which the Company believes would
generate significant media attention and commercial opportunity.
Take That remains one of the UK's most successful pop acts, with 28 Top 40
singles and 17 Top Five hits in the UK, including 12 Number One singles such
as Back for Good and Greatest Day. The band has also achieved eight Number One
albums on the UK Albums Chart. Internationally, they have secured 56 Number
One singles and 39 Number One albums and have been recognised with eight BRIT
Awards and an Ivor Novello Award.
The relaunch of The Great British Channel YouTube channel, supporting our
expansion on what is now the biggest streaming service in the world, led to
significant subscriber growth which surpassed 100,000. This strategic activity
has contributed to a Group-wide total of 770,000 subscribers and over 4.5
million hours of watch time in the 12-month period to January 2025,
reflecting a 23.6% increase year-on-year, contributing to marketability and
revenue growth.
AI, creativity and catalogue enhancement strategy
Artificial Intelligence continues to generate significant discussion across
the creative industries. While AI presents both opportunities and challenges,
our position remains clear: AI is a powerful tool, but creativity, judgement
and curation remain fundamentally human-led.
We are using AI as a day to day commercial tool to optimise our portfolio
management and to maximise the way in which we manage our rights and,
ultimately, derive royalties from them. AI improves efficiency and enables us
to exploit opportunities to much greater effect. Our AI initiatives are
designed to enhance our existing operations and are centred on human
direction, taste and editorial control.
Under the leadership of our Creative and General Managers, our team is now
actively engaged in transforming audio assets into visual experiences. This
approach:
· Focuses on creating authentic video and visual imagery
· Preserves original recordings without alteration
· Extends the commercial life and reach of catalogue assets
· See the OMIP AI demo show reel:
http://omip.co.uk/news/unlocking-the-full-potential-of-our-audio-and-video-library-with-ai/
We are already applying this methodology extensively within the Motorcity
catalogue, where hundreds of newly created videos are being deployed using
archive photography, historical references, and era-authentic visual design.
Preservation of the original assets is non-negotiable, and a key principle of
our strategy is that all recordings remain untouched. Enhancements occur
around the music, ensuring artistic integrity while improving modern
discoverability.
The focus on video content creation is driven by the fact that streaming
platforms increasingly favour visual engagement. Given that consumer playlists
are now highly curated and often resistant to new entries, visual content
represents a critical lever for revitalising both heritage and catalogue
recordings. Video assets drive discovery and audience engagement; increase
dwell time and shareability; provide stronger algorithmic signals; and support
playlist penetration.
All of this contributes to enhanced royalties and revenues for the Group. Used
under human creative supervision and with a priority placed on the
preservation of the music we are custodians of AI has a defined and valuable
role within the Company's growth strategy. Sustained value creation continues
to depend on human-led creativity, curation and strategic judgement -
principles that will always remain central to our approach.
Strategy and outlook
Long term valuation creation is at the centre of our strategy. We have a
financially resilient company; a core focus following our repositioning; and
an expert team that is experienced in maximising the potential of the
incredible compositions in our portfolio.
The global recorded music market generated $29.6 billion in revenues in 2024,
its tenth consecutive year of growth, with streaming now accounting for 69% of
total revenues and surpassing $20 billion for the first time (IFPI Global
Music Report 2025). While growth is moderating from prior peak rates, the
rights-based nature of music revenue gives it a distinctly attractive profile
for investors: royalties are recurring, inflation-linked through subscription
price increases, and relatively uncorrelated with broader economic cycles.
Goldman Sachs maintains that the total global music market should nearly
double from $104.9 billion today to $196.8 billion by 2035. Streaming
subscriptions are forecast to grow from 752 million to 827 million in 2025
alone, and penetration in emerging markets sits at just 8% of the internet
population, compared to 38% in developed markets, reflecting the magnitude of
the opportunity.
For investors seeking durable, cash-generative exposure to a market with clear
secular growth, music rights ownership presents a compelling long-term
proposition.
With the major banks, research houses and industry trackers supporting a
positive outlook for music; increasing waves of capital being allocated to
music rights investment; and a clear institutionalisation of the asset class,
One Media is well positioned because of the quality of the disciplined
acquisition strategy we have stood firm to, and the resulting portfolio we
preside over.
In the year ahead, our continued focus will be on applying our experience and
expertise to this portfolio, driving revenue growth and unlocking further
potential through the growing avenues available to us. Alongside this, from a
corporate perspective, driven by the confidence we have in our portfolio, we
continue to actively consider the options that are, or become, available to
use to unlock greater scale and superior shareholder returns.
Michael Infante
Chief Executive and Founder
Consolidated Statement of Comprehensive Income
For the year ended 31 October 2025
Year ended Year ended
31 October 2025
31 October 2024
Continuing operations £ £
Revenue 4,750,252 4,882,349
Distribution charges (1,025,516) (1,117,041)
Royalty costs (367,458) (396,382)
Other costs (128,566) (116,193)
Net revenue 3,228,712 3,252,733
Amortisation of catalogues (840,373) (833,526)
Administration expenses (1,147,628) (1,243,262)
Foreign exchange losses (84,692) (42,931)
Operating profit 1,156,019 1,133,014
Finance costs (313,078) (356,776)
Finance income 5,986 -
Profit on ordinary activities before taxation 848,927 776,238
Tax credit/(expense) 192,849 (198,410)
Profit for period attributable to equity shareholders and total comprehensive 1,041,776 577,828
income for the year for continuing operations
Asset impairment from discontinued operations - (197,739)
Loss for the year from discontinued operations (578,899) (2,675,281)
Profit/(loss) for period attributable to equity shareholders and total 462,877 (2,295,192)
comprehensive income for the year
Continuing operations
- Basic earnings per share 0.47p 0.26p
- Diluted earnings per share 0.46p 0.22p
Discontinued operations
- Basic earnings per share (0.26)p (1.35)p
- Diluted earnings per share (0.26)p (1.16)p
The Consolidated Statement of Comprehensive Income has been prepared on the
basis that all operations are continuing activities.
Consolidated Statement of Changes in Equity
For the year ended 31 October 2025
Share based payment reserve
Share redemption reserve Non-controlling interests
Share Capital Share premium Retained earnings
Total Total
£ £ £ £ £ £ £ £
At 1 November 2023 1,112,231 239,546 9,484,577 428,207 3,924,178 15,188,739 (62,827) 15,125,912
Loss for the year - - - - (2,266,326) (2,266,326) (28,866) (2,295,192)
Dividends paid - - - - (122,345) (122,345) - (122,345)
At 1 November 2024 1,112,231 239,546 9,484,577 428,207 1,535,507 12,800,068 (91,693) 12,708,375
Share based payment adjustment - - - (53,680) 53,680 - - -
Profit for the year - - - - 371,184 371,184 91,693 462,877
Dividends paid - - - - - - - -
At 31 October 2025 1,112,231 239,546 9,484,577 374,527 1,960,371 13,171,252 - 13,171,252
Consolidated Statement of Financial Position
At 31 October 2025
At At
31 October 2025
31 October 2024
Note
£ £
Assets
Non-current assets
Intangible assets 9 11,606,242 12,338,934
Investments 10 627,982 -
Property, plant and equipment 11 40,437 43,960
12,274,661 12,382,894
Current assets
Trade and other receivables 13 1,844,020 1,516,768
Assets held for sale 24 - 801,470
Cash and cash equivalents 14 791,207 415,865
Total current assets 2,635,227 2,734,103
Total assets 14,909,888 15,116,997
Liabilities
Current liabilities
Trade and other payables 15 979,517 1,187,164
Liabilities held for sale - 84,468
Borrowings 22 380,000 380,000
Deferred tax 16 10,109 13,500
Total current liabilities 1,369,626 1,665,132
Non-current liabilities
Borrowings 22 369,010 743,490
Total non-current liabilities 369,010 743,490
Total liabilities 1,738,636 2,408,622
Equity
Called up share capital 17 1,112,231 1,112,231
Share redemption reserve 239,546 239,546
Share premium account 9,484,577 9,484,577
Share based payment reserve 374,527 428,207
Retained earnings 1,960,371 1,535,507
Capital and reserves attributable to equity holders of the Company 13,171,252 12,800,068
Non-controlling interests - (91,693)
Total equity 13,171,252 12,708,375
Total equity and liabilities 14,909,888 15,116,997
Consolidated and Company Cash Flow Statement
For the year ended 31 October 2025
Year ended Year ended Year ended Year ended
31 October 2025
31 October 2024
31 October 2025 31 October 2024
Company
Company
Group Group
£ £ £ £
Cash flows from operating activities
Operating profit/(loss) before tax 848,927 776,238 160,287 (565,512)
Amortisation 840,372 833,527 - 197,739
Depreciation 54,318 57,386 - -
Share based payments - - - (25,726)
Finance costs 75,775 120,456 - -
Finance Income (5,986) - - -
(327,251) 161,017 462,569 (98,416)
(Increase)/decrease in receivables
(Decrease)/increase in payables (129,696) (751,482) 85,959 33,788
Corporation tax paid (178,793) (176,248) - -
Loss from discontinued operations (489,879) (539,845) - -
Net operating cash flows used by discontinued operations 305,812 129,149 - -
Net cash inflow/(outflow) from operating activities 993,599 610,198 708,815 (458,127)
Cash flows from investing activities
Investment in intellectual property rights - continuing (107,680) (245,989) - -
Investment in property, plant and equipment - continuing (54,842) (43,744) - -
Investment in intellectual property - discontinued - (527,188) - -
Investment in property, plant and equipment - discontinued - (2,932) - -
Net cash used in investing activities (162,522) (819,853) - -
Cash flows from financing activities
Finance cost paid (81,255) (121,100) - -
Loan notes repayment (374,480) (374,480) (374,480) (374,480)
Dividend paid - (122,345) - (122,345)
Net cash outflow from financing activities (455,735) (617,925) (374,480) (496,825)
Net change in cash and cash equivalents 375,342 (827,580) 334,335 (954,952)
Cash at the beginning of the year 415,865 1,243,445 95,893 1,050,845
Cash at the end of the year 791,207 415,865 430,228 95,893
Notes to the Preliminary Results
1. Basis of preparation
The Company is a public limited company incorporated and domiciled in England
under the Companies Act 2006. The Board has adopted and complied with
International Financial Reporting Standards (IFRS) as adopted by the European
Union. The Company's shares were admitted for trading on the AIM market of the
London Stock Exchange on 18 April 2013.
2. Discontinued operations
On 27 November 2024, TCAT Ltd, a subsidiary undertaking in the Group, was
sold.
The loss relating to this subsidiary in the year was as follows:
2025 2024
£
£
Income statement
Revenue - 267,534
Other costs - (80,168)
Amortisation - (182,519)
Administration expenses - (543,032)
Foreign exchange gains - (1,660)
Operating loss - (539,845)
Tax expense - -
Asset disposal / impairment (578,899) (2,135,436)
-
Loss from discontinued operations (578,899) (2,675,281)
Cash flows generated by TCAT Ltd for the reporting periods under review was as
follows:
2025 2024
£
£
Operating activities - (410,696)
Investing activities - (530,119)
Financing activities - 929,967
Cash flows from discontinued operations - (10,848)
3. Geographical information
Revenue is the amount attributable to the Group's principal activity
undertaken in the United Kingdom. The geographic split of Group revenue is as
follows:
Year ended Year ended
31 October 2025
31 October 2024
Revenue
£ £
United Kingdom 367,305 404,815
North America & rest of world 3,806,123 3,829,792
Europe 576,824 647,742
4,750,252 4,882,349
Included in revenues for the year ended 31 October 2025 it is estimated that
£404,000 (2024: £493,000) is from its largest ultimate customer and
£308,000 (2024: £311,000) from its second largest ultimate customer.
Together these represent 15% (2024: 16%) of the total Group revenue for the
year. In addition, the Company relies on a distribution aggregator (The
Orchard) who channels approximately 50% (2024: 51%) of the Group's turnover.
4. Taxation
Year ended Year ended
31 October 2025
31 October 2024
£ £
Analysis of the charge for the year
Prior period adjustment (404,710) -
UK corporation tax charge 215,252 230,349
Deferred tax (3,391) (31,939)
(192,849) 198,410
The standard rate of tax for the year, based on the UK standard rate of
corporation tax is 25% (2024: 25%). The actual tax charge for the periods is
different than the standard rate for the reasons set out in the following
reconciliation:
Reconciliation of current tax charge Year ended Year ended
31 October 2025
31 October 2024
£ £
Profit on ordinary activities before tax 848,927 776,238
Tax on profit on ordinary activities at 25% (2024: 25%) 212,232 194,060
Effects of:
Non-deductible expenses 2,266 4,232
Adjustments to tax charge in respect of previous periods (39,329) -
Prior year adjustment (404,710) -
Fixed asset timing differences 35,937 (14,435)
Depreciation in excess of capital allowances 755 14,553
Total tax charge (192,849) 198,410
5. Employee information
Year ended Year ended
31 October 2025
31 October 2024
£
£
Directors' emoluments - excluding applicable share option and pension charges 449,517 421,891
Fees paid to directors 95,047 111,959
Wages and salaries 189,996 202,507
Social security 68,132 63,298
Pension 22,884 31,824
825,576 831,479
The average monthly number of Group employees (excluding non-executive
directors) during the year was as follows:
Year ended Year ended
31 October 2025
31 October 2024
(as restated)
Technical, creative technicians and management 11 12
6. Earnings per share
The weighted average number of shares in issue for the basic earnings per
share calculations is 222,446,249 (2024: 222,446,249) and for the diluted
earnings per share assuming the exercise of all warrants and share options is
224,496,249 (2024: 258,279,582).
The calculation of basic earnings per share for continuing operations is based
on the profit for the period of £1,041,776 (2024: £577,828). Based on the
weighted average number of shares in issue during the year of 222,446,249
(2024: 222,446,249) the basic earnings per share is 0.47p (2024: 0.26p). The
diluted earnings per share is based on 224,496,249 shares (2024: 258,279,582)
and is 0.46p (2024: 0.22p).
The calculation of basic earnings per share for discontinued operations is
based on the loss for the period of £578,899 (2024: £2,993,020). Based on
the weighted average number of shares in issue during the year of 222,446,249
(2024: 222,446,249) the basic earnings per share is (0.26)p (2024: (1.35)p).
The diluted earnings per share is based on 224,496,249 shares (2024:
258,279,582) and is (0.26)p (2024: (1.16)p).
7. Intangible assets - Group
Licenses and other intangibles Total Intangible
assets
TCAT
£ £ £
Cost
At 1 November 2023 17,277,062 3,035,388 20,312,450
Additions 245,989 527,188 773,177
Adjustments (78,729) - (78,729)
Disposal - (2,709,064) (2,709,064)
Reclassified to asset held for sale - (853,512) (853,512)
At 31 October 2024 17,444,322 - 17,444,322
Additions 107,680 - 107,680
Adjustments - - -
Disposals - - -
Reclassified to asset held for sale - - -
At 31 October 2025 17,552,002 - 17,552,002
Amortisation
At 1 November 2023 4,271,861 316,937 4,588,798
Charge for the year 833,527 182,519 1,016,046
Adjustments - 244,885 244,885
Disposals - (744,341) (744,341)
At 31 October 2024 5,105,388 - 5,105,388
Charge for the year 840,372 - 840,372
Disposals - - -
Reclassified to asset held for sale - - -
At 31 October 2025 5,945,760 - 5,945,760
Net book value
At 31 October 2025 11,606,242 - 11,606,242
At 31 October 2024 12,338,934 - 12,338,934
8. Property, plant and equipment - Group
Fixtures and Right of Use assets
Office fittings
equipment Total
£ £ £ £
Cost
At 1 November 2023 89,887 19,045 53,717 162,649
Additions 732 - 47,816 48,548
Reclassified to asset held for sale (2,932) - - (2,932)
Disposals - - (44,684) (44,684)
At 31 October 2024 87,687 19,045 56,849 163,581
Additions 587 - 50,208 50,795
Disposals - - (56,849) (56,849)
At 31 October 2025 88,274 19,045 50,208 157,527
Depreciation
At 1 November 2023 79,315 12,372 15,312 106,999
Charge for the year 5,799 2,583 49,983 58,365
Reclassified to asset held for sale (1,059) - - (1,059)
Disposals - - (44,684) (44,684)
At 31 October 2024 84,055 14,955 20,611 119,621
Charge for the year 2,943 2,584 48,791 54,318
Reclassified to asset held for sale - - - -
Disposals - - (56,849) (56,849)
At 31 October 2025 86,998 17,539 12,553 117,090
Net book value
At 31 October 2025 1,276 1,506 37,655 40,437
At 31 October 2024 3,632 4,090 36,238 43,960
Directors' responsibilities
The Annual Report, including the financial information contained therein, is
the responsibility of, and was approved by the directors on 31 March 2026.
Availability of Report and Accounts
Copies of the Company's Report and Accounts will be posted to shareholders
shortly. Copies of the Company's Report and Accounts will also be available at
the registered office of the Company and can be viewed on the Company's
website, www.omip.co.uk (http://www.omip.co.uk) .
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities.
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. END FR UAVKRNUUOOAR
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