Oxford Metrics PLC

Latest Results (19.03.2026):

Oxford Metrics PLC — Q4 2025 (full-year FY25 ended 30 September 2025): the Group reported revenue of £44.8m (up 8% year‑on‑year) and adjusted EBIT of £2.2m (up 29%). Adjusted basic EPS fell to 1.55p (FY24: 3.01p) while statutory basic EPS was a loss of 0.55p. Motion Capture revenue fell to £32.0m but in‑year order intake rose 21% to £34.8m; Smart Manufacturing grew to £12.8m (up 341%, 38% organic) supported by two acquisitions. Operating cash generation before tax improved to £6.7m and the Group returned £12.5m to shareholders (buybacks and dividends); cash and fixed-term deposits were £37.3m at year end. Strategic progress included the Markerless Motion Capture launch and consolidation of Smart Manufacturing capabilities.

Revenue and divisional mix

Group revenue £44.8m (+8%). Motion Capture: £32.0m (down from £38.6m) — opening order book normalised to £1.0m (FY24: £11.5m) but in‑year order intake +21% to £34.8m. Smart Manufacturing: £12.8m (up 341%), including two acquisitions (The Sempre Group and Amber Optix) and 38% organic growth, now ~29% of Group revenue.

Profitability and adjusted measures

Adjusted EBIT £2.2m (+29%). Adjusted basic EPS 1.55p (‑49% vs FY24) driven in part by lower net finance income; statutory profit before tax £0.1m and statutory basic EPS a loss of 0.55p. Adjusted measures exclude items such as share‑based payments, acquisition amortisation, restructuring/IMU closure costs and a £0.75m impairment of development costs.

Cash, balance sheet and returns to shareholders

Cash and fixed‑term deposits £37.3m (down 26% from £50.7m). Operating cash generation before tax improved to £6.7m (FY24: £0.3m) from better working capital and inventory optimisation. The Group returned c.£12.5m to shareholders via dividends (£4.2m) and on‑market buybacks (c.£8.3m deployed by year end).

Strategic priorities and product launches

Markerless Motion Capture was launched (initially into entertainment) to expand software/recurring revenue opportunities alongside marker‑based systems. The Smart Manufacturing capability was strengthened by acquiring Sempre and Amber Optix to accelerate projects‑to‑product conversion, improve margins and broaden addressable markets.

Operational progress and cost discipline

Adjusted EBIT improvement supported by higher Smart Manufacturing volumes, continued high margins in Motion Capture and cost discipline including prior-year cost savings (~£1.2m annualised). Inventory was reduced to £5.9m and trade receivables rose with stronger Q4 trading and acquisitions.

Notable one‑offs and accounting items

FY25 included £0.75m impairment of capitalised development costs (related to Markerless development superseded by release), acquisition‑related costs and amortisation of acquired intangibles (£0.8m). The Board is also proposing to change the accounting reference date to 31 December (extending the next year to 31 Dec 2026) to better balance period seasonality.

Current trading and outlook

Q1 FY26 trading is reported in line with Board expectations. Management is refocusing Motion Capture resources on stronger geographies (APAC, EMEAI), unifying Smart Manufacturing under one structure to improve order‑to‑revenue conversion, and targeting disciplined organic investment plus selective small bolt‑on M&A. A refined three‑year strategy will be set out in H1 FY26.