Triad Group (TRD) H2 2025 earnings summary

Executive summary

• Revenue rose to £21.4m for the year ended 31 March 2025, up 52% year-over-year, driven by new contract wins and increased consultancy business.

• Gross profit more than doubled to £6.1m, with gross margin improving to 28.6% from 20.1% last year.

• Profit before tax was £1.5m, reversing a £1.3m loss in 2024; profit after tax reached £1.7m.

• Cash reserves increased to £3.4m, supporting a total dividend of 6p per share.

• Headcount grew to 167, with all new hires being delivery consultants, reflecting a lean operating model.

Financial highlights

• Revenue: £21.4m (2024: £14.0m), up 52%.

• Gross profit: £6.1m (2024: £2.8m); gross margin: 28.6% (2024: 20.1%).

• EBITDA: £1.7m (2024: loss of £1.0m).

• Profit before tax: £1.5m (2024: loss of £1.3m).

• Profit after tax: £1.7m (2024: loss of £1.0m).

• Cash reserves: £3.4m (2024: £2.1m).

• Basic EPS: 9.93p (2024: -6.10p).

• Total dividend: 6p per share (2024: 6p).

Outlook and guidance

• Strong visibility of future work for existing clients and ongoing recruitment to match demand.

• Substantial new contracts, including continued work with OPSS, provide a robust start to the new financial year.

• Conservative budgeting for FY2026 and beyond, but management remains confident in continued profitable growth.