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Croma Security Solutions Group PLC on Monday said it is in a ‘strong position’ going forward as it reported improved half-year revenue and profit figures. The Whiteley, England-based security services provider said pretax profit rose by 26% to £456,000 in the six months that ended December 31 from £362,000 a year before. Revenue grew by 7.6% to £4.6 million from £4.3 million, and Croma also benefitted from an increase in interest income to £135,000 from £103,000. Cost of sales was kept below revenue growth, increasing by 5.3% to £2.5 million from £2.4 million. Croma said it achieved like-for-like business growth across all divisions, noting benefits from both its strategic focus and ongoing investments. Looking ahead, the company said trading in its second half has been ‘solid’. It is in a ‘strong position’, with both the capital and pipeline to drive the expansion of its network. Croma declared no interim dividend, unchanged from a year before, but said on Monday it intends to declare a single final progressive dividend with its financial 2025 full-year results. Shares were down 2.3% to 87.00 pence on Monday morning in London. Chief Executive Roberto Fiorentino said: ‘The group has delivered solid revenue growth, enhanced profitability, and a strengthened balance sheet. It is noteworthy that this performance has been achieved against a challenging market environment, which reflects well on the business and our ability to continue to deliver both organic and acquisition-led expansion.’ Chair Jo Haigh added: ‘We have a strong pipeline of value-enhancing acquisitions that present compelling opportunities for the business and anticipate completing additional transactions in FY25. ‘Our strategy is both clear and repeatable: acquiring well-priced, independent locksmiths and transforming them into full-service security centres with an expanded product offering, operational efficiencies, and enhanced profitability. With this approach, we are confident in our ability to drive sustainable growth over the long term.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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