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Gattaca PLC on Thursday struck an optimistic tone regarding its growth prospects for the new financial year as it posted strong bottom line gains amid persistent challenging market conditions. The Whitely, England-based specialist staffing business reported £2.6 million in pretax profit for the financial year ended July 31, up 54% from £1.7 million a year prior. Revenue improved 2.4% to £398.9 million from £389.5 million, but rising direct costs meant net fee income was 3.2% lower at £38.8 million from £40.1 million. Cost of sales increased 3.0% to £360.1 million from £349.5 million. Helping to boost the bottom line were lower administrative expenses, down 6.1% at £36.6 million from £39.0 million. Gattaca declared a final dividend per share of 2.0p, down from the 2.5 pence final and only dividend the prior year. However, this brings its total dividend for the financial year up 20% to 3.0p. Looking ahead, Gattacca noted the persistence of ‘challenging’ market conditions, with ‘permanent hiring remaining subdued’. But the company said it sees growth potential within its chosen sections, ‘having spent time rationalising and strengthening the group’. The company expects further growth in underlying pretax profit for the new financial year, with expectations aligned with market consensus of £4 million. For financial 2025, underlying pretax profit advanced 14% to £3.3 million from £2.9 million. Shares in the company were up 9.4% at 92.48 pence on Thursday morning in London. ‘We are pleased to report solid performance for FY25 with PBT reported at upper end of guidance in a tough macroeconomic backdrop, delivered through proactive management of market challenges whilst continuing to invest in capability and people for sustainable growth,’ said Chief Executive Matt Wragg. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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