Oxford Metrics PLC

Latest Results (01.05.2026):

Oxford Metrics PLC — FY25 (year ended 30 September 2025; covering Q4 FY25) delivered revenue growth and stronger adjusted operating profits while reporting a statutory loss for the year. Group revenue rose 8% to £44.8m and adjusted EBIT increased 29% to £2.2m, driven by a large step-up in Smart Manufacturing. Statutory profit before tax fell to £0.1m and basic EPS was a loss of 0.55p, reflecting lower finance income after cash returns to shareholders and some one-off adjustments. Cash and fixed-term deposits ended at £37.3m after £12.5m returned via buybacks and dividends.

Key financials

Revenue £44.8m (+8%); adjusted EBIT £2.2m (+29%); adjusted basic EPS 1.55p (down 49%); statutory PBT £0.1m (FY24: £0.5m); basic EPS (loss) (0.55p) vs 0.58p prior year. Group gross margin 64.7%.

Division performance — Motion Capture

Motion Capture revenue £32.0m (down 17% vs £38.6m) reflecting US academic and entertainment headwinds and a normalised opening order book (£1.0m vs £11.5m). Importantly, in‑year order intake rose 21% to £34.8m, indicating underlying demand; the division launched Markerless motion capture and the Valkyrie 6 camera.

Division performance — Smart Manufacturing

Smart Manufacturing revenue £12.8m (up 341% vs £2.9m), including 38% organic growth and contributions from two acquisitions (The Sempre Group and Amber Optix). Management plans to unify the Smart Manufacturing businesses to improve order‑to‑revenue conversion and margins.

Cash, balance sheet and shareholder returns

Cash & fixed deposits £37.3m (down 26% from £50.7m) after acquisitions (£4.2m net), dividends (£4.2m) and share buybacks (£~8.3m deployed of a £10m programme). Operating cash generation before tax improved to £6.7m (FY24: £0.3m) from working capital and inventory optimisation.

Adjusted items & drivers of statutory results

Adjusted EBIT excludes acquisition amortisation, share‑based payments, restructuring, IMU closure costs and impairments. Statutory loss before tax was impacted by lower finance income (interest received £1.7m vs £2.4m) after returning cash to shareholders, plus non‑recurring adjustments including a £0.7m impairment of development costs.

Dividend & capital allocation

Ordinary dividend maintained at 3.25p (final dividend recommended for AGM). Board continued disciplined capital allocation: selective bolt‑on M&A (Sempre and Amber Optix) and on‑market buybacks to return £12.5m to shareholders in the year.

Outlook & guidance

Q1 FY26 trading in line with expectations. Management is refocusing Motion Capture on higher‑momentum geographies, integrating Smart Manufacturing for scale, and plans to present a refined three‑year strategy in H1 FY26. Balance sheet judged strong enough to support organic investment and selective small M&A.

Other notable items

The company is proposing to shift its year‑end by three months to 31 December to better align reporting with revenue seasonality; an investor presentation and analyst briefing are planned.