Triad Group (TRD) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 September 2024 rose to £10.21m, up 60% year-over-year, with gross profit up 213% to £2.97m.

• Profit after tax reached £0.78m, reversing a £1.00m loss in the prior year period.

• The business achieved these results organically, maintaining its boutique model and focusing on high-quality recruitment and delivery.

• Strong client demand led to significant recruitment, increasing headcount to 133 technology specialists.

• The company remains debt-free and cash-rich, with a cash balance of £2.88m.

Financial highlights

• Revenue increased to £10.21m from £6.39m year-over-year; gross profit margin improved to 29.1% from 14.9%.

• Profit before tax was £0.75m, compared to a £0.99m loss in the prior year.

• Basic earnings per share were 4.66p, up from a loss of 6.03p per share.

• Cash reserves grew to £2.88m, up from £2.62m year-over-year.

• Interim dividend maintained at 2p per share.

Outlook and guidance

• Management expresses strong enthusiasm for the outlook, citing spare capacity to accommodate new business.

• Anticipates increased opportunities following government spending plan settlements.

• Confident in absorbing increased Employer's National Insurance costs.

• Focus remains on high-quality recruitment and maintaining operational agility.