28th Apr 2025 11:13
(Alliance News) - Elixirr International PLC on Monday reported a rise in profit during 2024 amid revenue growth, as it also eyes a Main Market listing for later in 2025.
The London-based business consultancy said pretax profit for 2024 was GBP22.9 million, rising 3.6% from GBP22.1 million in 2023.
Revenue grew 30% to GBP111.3 million from GBP85.9 million.
Cost of sales increased 33% to GBP75.5 million from GBP56.6 million, and administrative costs were up 28% to GBP11.0 million from GBP8.6 million. The firm incurred a GBP1.1 million loss on merger and acquisition-related items, swinging from a GBP2.0 million gain a year prior.
Adjusted earnings before interest, tax, depreciation and amortisation improved 23% to GBP31.2 million from GBP25.4 million.
Elixirr also announced on Monday its intention to move to London's Main Market, with admission expected later in 2025.
"Since 2019, the group has more than quadrupled revenue and Ebitda, completed six acquisitions, and diversified its business geographically, by industry vertical and by capability," the company explained.
"The board believes this move marks a natural progression in Elixirr's evolution as a high-growth, tech-enabled consultancy."
No revenue or Ebitda guidance was provided for 2025, "in line with market norms before a Main Market listing", the firm added. Nonetheless, it "remains confident in its outlook, underpinned by geographic, sector and capability diversification".
Elixirr declared a final dividend of 11.5 pence per share, bringing the total dividend for 2024 to 17.8p per share. This was up 20% from 14.8p in 2023.
"[2024] has been our strongest year yet. As we prepare to move to the Main Market, we do so from a position of strength - with record revenue, earnings and client growth, and a proven strategy we can scale globally," said Founder & Chief Executive Officer Stephen Newton.
Shares in Elixirr International were up 6.2% at 690.00 pence in London on Monday morning. The stock is up 21% over the past year.
By Emily Parsons, Alliance News reporter
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