|
Adsure Services PLC on Monday reported a jump in profit during its most recent financial year, as the firm looks to a potentially ‘game changing’ financial 2026. The holding company for business assurance services provider TIAA said pretax profit for the year that ended March 31 rose 74% to £818,294 from £471,049 the year before. Revenue grew 7.7% to £10.0 million from £9.3 million, while total operating expenses were up 4.6% to £9.1 million from £8.7 million. Earnings before interest, tax, depreciation and amortisation increased 35% to £1.2 million from around £876,000, with an Ebitda margin of 11.8% against 9.4% a year earlier. Adsure Services declared a final dividend of 1.14 pence per share, up 15% on-year from 0.99p. ‘We are witnessing sustained growth in demand for outsourced internal audit and business assurance functions across government-funded organisations and are particularly encouraged by the opportunities emerging from the evolving political and regulatory landscape,’ said Chief Executive Officer Kevin Limn. ‘As the new Labour administration prioritises operational efficiency across the public sector, we believe Adsure Services is poised to contribute to saving the UK taxpayer millions of pounds by facilitating cost and operational efficiencies for publicly funded bodies.’ Limn continued: ‘Our strong 2025 performance positions us well, but I’m focused on the significant opportunities ahead as a London-listed company. Having invested prudently in our technological capabilities, the coming year could prove to be game changing for Adsure Services as we pursue further operational efficiencies and margin expansion through the deployment of our proprietary AI tools.’ Shares in Adsure Services were last traded at 30.00 pence on the Aquis Stock Exchange on Monday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
