Smarttech247 Group PLC

Latest Results (28.11.2025):

Summary — Smarttech247 Group PLC (Q4 2024 — year ended 31 July 2024): The Group reported revenue of €13.17m (up 8.2% year‑on‑year) and a strong ARR run rate of €9.08m (up c.50%). Adjusted EBITDA fell to €1.35m (from €2.70m) and operating profit was €228k. Cash at year‑end was €3.34m (down from €6.06m) after investment in product development and scaling operations. Management highlights contract wins, increased multi‑year ARR, new product releases (VisionX updates, Aio, NoPhish expansion, ThreatHub), and multiple strategic partnerships supporting growth and a positive FY2025 start.

Key financials

Revenue €13.17m (+8.2%); gross profit €4.98m (margin 37.8%, down from 42.3%); operating profit €228k; profit before tax €185k; profit after tax €133k (prior year had a loss after tax). Net assets €12.27m.

ARR and recurring revenue

ARR run rate rose to €9.08m (+49.7%), and ARR represented c.60% of FY2024 revenue — management emphasises multi‑year contract wins and high renewal rates as the main drivers of recurring revenue growth.

Profitability and cash

Adjusted EBITDA declined to €1.35m (from €2.70m) and cash fell to €3.34m from €6.06m at 31 July 2023, largely reflecting reinvestment in product development, platform build‑out and increased headcount. Directors state going concern is supported by cash forecasts to July 2026.

Contracts and commercial traction

Multiple multi‑year contract wins cited (aviation, government, pharmaceuticals, automotive, banking, packaging), including several post‑period renewals and new deals in FY2025. Management highlights a 100% MDR client retention rate during the period.

Products and technology progress

Major product activity: new multi‑tenant VisionX release and VisionX mid‑market edition; launch of Aio (VisionX AI assistant); NoPhish extended to Google Mail; continued development of ThreatHub and other automation/features to support scaling.

Strategic partnerships and market access

Key alliances include AWS Marketplace listing, partnerships with Abnormal Security, Splunk, Google (Chronicle), Cisco, CNS Middle East and Egress; these are positioned to broaden technology capability and channel reach.

Cost base and operational build‑out

Operating costs modestly down year‑on‑year overall, but gross margin pressure from higher costs in Polish and Romanian operations as the Group expanded headcount and platform capacity. Management expects future automation and operational improvements to reduce costs.

Outlook

Board and management express confidence: FY2025 started with further contract wins and renewals, ongoing product rollouts and a new channel‑based go‑to‑market strategy (partnership programme and planned headcount increases) to accelerate growth.