28th Jul 2025 10:26
(Alliance News) - Science Group PLC on Monday reported increased profit and revenue for its first half, and said it is "well positioned" for the year as a whole.
The Cambridge, England-based science and technology consultancy said its pretax profit more than quadrupled to GBP32.2 million in the first half of 2025, from GBP7.6 million the year before. Basic earnings per share surged to 55.3 pence from 12.9p.
Science Group said its profit included a GBP24.0 million pretax gain on its investment in Ricardo PLC, which "materially augmented" its "already strong balance sheet". It previously announced the sale of its entire stake in Ricardo for GBP58.0 million on June 19, and said the net return on its investment was around GBP23.7 million.
The company's cash balance totalled GBP82.0 million as of June 30, up from GBP38.8 million one year prior.
Revenue increased 6.5% to GBP57.2 million from GBP53.7 million. Science Group said revenue for the Professional Services Division was "constrained", decreasing 9.1% to GBP33.2 million from GBP36.5 million.
However, revenue for Critical Maritime Systems & Support (CMS2) increased 52% to GBP16.6 million from GBP10.9 million, and the business "has good forward visibility for the remainder of the year". Frontier, meanwhile, "performed ahead of expectations" with revenue jumping 20% to GBP7.1 million from GBP5.9 million.
"The Science Group model, combining Professional Services and Systems businesses, once again demonstrated its resilience in a period of volatility," the company said. "As a result, Science Group is well positioned for the full year."
Noting that the Ricardo investment proceeds "significantly enhanced" its profit and cash inflow, it added: "With the exceptionally strong financial position of Science Group, the board will continue to evaluate corporate opportunities should the potential risk-adjusted returns justify the capital deployment."
Shares in Science Group rose 2.6% to 564.00 pence each in London on Monday.
By Emma Curzon, Alliance News reporter
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