20th May 2025 12:49
(Alliance News) - Newmark Security PLC on Tuesday reported a "good start" to the new financial year as it anticipates reporting revenue growth in financial 2025.
Newmark is a London-based designer and manufacturer of specialist products and services that ensure safe and secure workplaces.
It expects revenue for the financial year that ended April 30 to be no less GBP23 million, up at least 3.2% from GBP22.3 million achieved the previous financial year.
Revenue for its Human Capital Management division grew 14% with sales of GBP15 million, said Newmark, rising from GBP13.5 million.
Annualised recurring revenue for HCM grew 24% to GBP3.6 million in April, up from GBP2.9 million a year prior.
Chief Executive Marie-Claire Dwek said the division went from "strength to strength" during the period, adding that it now accounts for around 67% of total revenue.
Shares in Newmark climbed 10% to 79.85 pence on Tuesday afternoon in London.
Newmarks' debt including leases also improved, reducing to GBP4.0 million from GBP4.9 million.
As a consequence primarily of debt repayments, cash as at April 30 was GBP400,000, down from GBP1.1 million.
On current trading, Newmark said it is "making a good start" to financial 2026 with sales building across both divisions.
"Acknowledging the recent concerns over changes to US tariffs, the group is currently seeing minimal impact with HCM terminals appearing to be exempt from tariffs," said Newmark.
Dwek continued: "Across the rest of the group, both Access Control and Safetell reported stronger revenues in H2, particularly after several contract start dates were deferred to later in the year and FY26.
"Whilst these businesses are moving in the right direction, HCM has become our focus given its growth and the scale of commercial opportunities that lie ahead. As such, we are reviewing both Access Control's and Safetell's growth strategies to assess how we can best drive value for the group and ultimately our shareholders."
The firm expects to report its financial 2025 results in early September.
By Christopher Ward, Alliance News reporter
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