15th Jul 2025 14:47
Gateley Holdings PLC - Birmingham, England-based legal and consultancy firm - Maintains its annual payout unchanged despite profit more than halving in the financial year that ended April 30. Gateley reports GBP6.4 million in pretax profit, down 54% from GBP14.0 million in financial 2024. Revenue rises 4.1% to GBP179.5 million from GBP172.5 million, in line with guidance provided in June. This lifts underlying operating profit by 3.3% to GBP20.9 million from GBP20.3 million. However, Gateley takes GBP16.9 million in non-underlying operating costs and exceptional items, compared to GBP9.1 million the year before. The non-underlying operating costs include remuneration for post-combination services, gain on bargain purchase, share-based payment charges, and acquisition-related amortisation. Gateley says its acquisition of Richard Julian & Associates Ltd has been integrated and is trading ahead of expectations.
Gateley keeps its final dividend at 6.2 pence, giving an unchanged full-year payment of 9.5p. Looking ahead, Gateley says it is trading in line with market consensus for financial 2026, which it puts at underlying pretax profit of GBP23.6 million on GBP187.2 million in revenue.
Current stock price: 132.50 pence
12-month change: down 3.3%
By Tom Waite, Alliance News editor
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