Gateley (GTLY) Trading Update summary

Financial performance and revenue

• Group revenue grew approximately 4% to at least £179.0m, with 3% organic growth, compared to £172.5m in FY24.

• Underlying operating margin was maintained year-on-year, but net interest income declined due to lower interest rates.

• Underlying profit before tax is expected to be broadly in line with market consensus.

Strategic initiatives and investments

• Renewed and increased revolving credit facility to £80m to support further investment and diversified growth.

• Net debt at period end was £6.6m, reflecting funding of the employee benefit trust to incentivise senior staff.

• Active acquisition pipeline and continued investment in new service lines contributed to growth.

Dividend and shareholder returns

• Intends to propose a final dividend of 6.2p, bringing total FY25 dividends to 9.5p, in line with the previous year.