Endava Announces Fourth Quarter Fiscal Year 2025 & Fiscal Year 2025 Results
Q4 FY2025
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FY2025
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鈥淎I continues to be a strategic focus for many of our clients and we have now passed the point where over half of our people use AI in projects, a clear marker of progress in our journey to becoming AI-native. Endava exited FY2025 with its highest ever quarterly order book, lifting full-year signed value to a record high. Despite the increase in the order book, the short term operating backdrop remains volatile and many clients continue to recalibrate the timing of spending, and therefore our outlook remains cautious,鈥� said John Cotterell, Endava's CEO.
FOURTH QUARTER FISCAL YEAR 2025 FINANCIAL HIGHLIGHTS:
-
Revenue for Q4 FY2025 was
拢186.8 million , a decrease of3.9% compared to拢194.4 million in the same period in the prior year. -
Revenue decrease at constant currency (a non-IFRS measure)* was
0.7% for Q4 FY2025. -
Profit before tax for Q4 FY2025 was
拢3.8 million , compared to loss before tax of拢(0.4) million in the same period in the prior year. -
Adjusted profit before tax (a non-IFRS measure)* for Q4 FY2025 was
拢16.4 million , or8.8% of revenue, compared to拢14.9 million , or7.7% of revenue, in the same period in the prior year. -
Profit for the period was
拢1.2 million , resulting in diluted earnings per share ("EPS") of拢0.02 , compared to loss for the period of拢(1.9) million and diluted loss per share of拢(0.03) in the same period in the prior year. -
Adjusted profit for the period (a non-IFRS measure)* was
拢13.5 million , resulting in adjusted diluted EPS (a non-IFRS measure)* of拢0.24 , compared to adjusted profit for the period of拢12.9 million and adjusted diluted EPS of拢0.22 in the same period in the prior year.听
FULL YEAR 2025 FINANCIAL HIGHLIGHTS:
-
Revenue for FY2025 was
拢772.3 million , an increase of4.3% compared to拢740.8 million in the prior year. -
Revenue increase at constant currency (a non-IFRS measure)* was
6.3% for FY2025. -
Profit before tax for FY2025 was
拢24.1 million , compared to profit before tax of拢27.0 million in the prior year. -
Adjusted profit before tax (a non-IFRS measure)* for FY2025 was
拢82.1 million , or10.6% of revenue, compared to拢83.0 million , or11.2% of revenue, in the prior year. -
Profit for the year was
拢21.2 million , resulting in diluted EPS of拢0.36 , compared to profit for the year of拢17.1 million and diluted EPS of拢0.29 in the prior year. -
Adjusted profit for the year (a non-IFRS measure)* was
拢66.6 million , resulting in adjusted diluted EPS (a non-IFRS measure)* of拢1.13 , compared to adjusted profit for the year of拢66.0 million and adjusted diluted EPS of拢1.12 in the prior year.听
CASH FLOW:
-
Net cash used in operating activities was
拢(2.3) million in Q4 FY2025, compared to net cash used in operating activities of拢(0.2) million in the same period in the prior year. Net cash from operating activities was拢52.8 million in FY2025, compared to拢54.4 million in the prior year. -
Adjusted free cash flow (a non-IFRS measure)* was
拢(4.0) million in Q4 FY2025, compared to拢6.6 million in the same period in the prior year, and拢48.7 million in FY2025, compared to拢58.4 million in the prior year. -
At June 30, 2025, Endava had cash and cash equivalents of
拢59.3 million , compared to拢62.4 million at June 30, 2024.
* Definitions of the non-IFRS measures used by the Company and a reconciliation of such measures to the related IFRS financial measure can be found under the sections below titled 鈥淣on-IFRS Financial Information鈥� and 鈥淩econciliation of IFRS Financial Measures to Non-IFRS Financial Measures.鈥�
OTHER METRICS FOR THE QUARTER ENDED JUNE 30, 2025:
- Headcount totaled 11,479 at June 30, 2025, with an average of 10,255 operational employees in Q4 FY2025, compared to a headcount of 12,085 at June 30, 2024 and an average of 11,007 operational employees in the same period in the prior year.
-
Number of clients with over
拢1 million in revenue on a rolling twelve-month basis was 133 at June 30, 2025 compared to 146 clients at June 30, 2024. -
Top 10 clients accounted for
37% of revenue in Q4 FY2025, compared to34% in the same period in the prior year. -
By geographic region,
38% of revenue was generated inNorth America ,23% was generated inEurope ,33% was generated in theUnited Kingdom and6% was generated in the rest of the world in Q4 FY2025. This compares to38% inNorth America ,25% inEurope ,30% in theUnited Kingdom and7% in the Rest of the World in the same period in the prior year. -
By industry vertical,
17% of revenue was generated from Payments,22% from BCM,10% from Insurance,17% from TMT,8% from Mobility,12% from Healthcare, and14% from Other in Q4 FY2025. This compares to19% from Payments,17% from BCM,9% from Insurance,21% from TMT,9% from Mobility,12% from Healthcare, and13% from Other in the same period in the prior year.听
OTHER METRICS FOR THE FISCAL YEAR ENDED JUNE 30, 2025:
-
Top 10 clients accounted for
36% of revenue in FY2025, compared to32% in the prior year. -
By geographic region,
38% of revenue was generated inNorth America ,23% was generated inEurope ,33% was generated in theUnited Kingdom and6% was generated in the rest of the world in FY2025. This compares to33% inNorth America ,26% inEurope ,33% in theUnited Kingdom and8% in the Rest of the World in the prior year. -
By industry vertical,
19% of revenue was generated from Payments,20% from BCM,9% from Insurance,19% from TMT,8% from Mobility,12% from Healthcare, and13% from Other in FY2025. This compares to24% from Payments,15% from BCM,8% from Insurance,23% from TMT,10% from Mobility,6% from Healthcare, and14% from Other in the prior year.听
OUTLOOK:
First Quarter Fiscal Year 2026:
Endava expects revenue will be in the range of
Full Fiscal Year 2026:
Endava expects revenue will be in the range of
This above guidance for the first quarter and full fiscal year 2026 assumes the exchange rates on August 31, 2025 (when the exchange rate was
Endava is not able, at this time, to reconcile its expectations for the first quarter and full fiscal year 2026 for a rate of revenue growth or decline at constant currency or adjusted diluted EPS to their respective most directly comparable IFRS measures as a result of the uncertainty regarding, and the potential variability of, reconciling items such as share-based compensation expense, amortisation of acquired intangible assets, foreign currency exchange losses / (gains), net, and fair value movement of contingent consideration, as applicable. Accordingly, a reconciliation is not available without unreasonable effort, although it is important to note that these factors could be material to Endava's results computed in accordance with IFRS.
The guidance provided above is forward-looking in nature. Actual results may differ materially. See 鈥淔orward-Looking Statements鈥� below.
SHARE REPURCHASE PROGRAM:
As of August 29, 2025, the Company had repurchased 6,722,491 American Depositary Shares ("ADS") for
CONFERENCE CALL DETAILS:
The Company will host a conference call at 8:00 am ET today, September 4, 2025, to review its Q4 FY2025 results and FY2025 results. To participate in Endava鈥檚 Q4 FY2025 and FY2025 earnings conference call, please dial in at least five minutes prior to the scheduled start time (844) 481-2736 or (412) 317-0665 for international participants, Conference ID: Endava Call.
Investors may listen to the call on Endava鈥檚 Investor Relations website at . The webcast will be recorded and available for replay until Friday October 3, 2025.
ABOUT ENDAVA PLC:
Endava is a leading provider of next-generation technology services, dedicated to enabling its clients to accelerate growth, tackle complex challenges and thrive in evolving markets. By combining innovative technologies and deep industry expertise with an AI-native approach, Endava consults and partners with clients to create solutions that drive transformation, augment intelligence and deliver lasting impact. From ideation to production, it supports clients with tailor-made solutions at every stage of their digital transformation, regardless of industry, region or scale.
Endava鈥檚 clients span payments, insurance, banking and capital markets, technology, media, telecommunications, healthcare, mobility, retail and consumer goods and more. As of June 30, 2025, 11,479 Endavans are helping clients break new ground across locations in
NON-IFRS FINANCIAL INFORMATION:
To supplement Endava鈥檚 Condensed Consolidated Statements of Comprehensive Income, Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows presented in accordance with IFRS, the Company uses non-IFRS measures of certain components of financial performance in this press release. These measures include revenue growth/(decline) rate at constant currency, adjusted profit before tax, adjusted profit for the period, adjusted diluted EPS and adjusted free cash flow.
Revenue growth/(decline) rate at constant currency is calculated by translating revenue from entities reporting in foreign currencies into British Pounds using the comparable foreign currency exchange rates from the prior period. For example, the average currency rates in effect for the fiscal quarter ended June 30, 2024 were used to convert revenue for the fiscal quarter ended June 30, 2025 and the revenue for the comparable prior period.
Adjusted profit before tax ("Adjusted PBT") is defined as the Company鈥檚 profit before tax adjusted to exclude the impact of share-based compensation expense, amortisation of acquired intangible assets, realised and unrealised foreign currency exchange losses/(gains), net, restructuring costs, exceptional property charges and fair value movement of contingent consideration, all of which are non-cash items except for realised foreign currency exchange losses/(gains), net, restructuring costs and an element of the exceptional property charges. Our Adjusted PBT margin is our Adjusted PBT as a percentage of our total revenue.
Adjusted profit for the period is defined as Adjusted PBT less the adjusted tax charge for the period. The adjusted tax charge is the tax charge adjusted for the tax impact of the adjustments to PBT and the release of the deferred tax liability relating to Romanian withholding tax.
Adjusted diluted EPS is defined as Adjusted profit for the period, divided by weighted average number of shares outstanding - diluted.
Adjusted free cash flow is the Company鈥檚 net cash from operating activities, plus grants received, less net purchases of non-current assets (tangible and intangible). Adjusted free cash flow is not intended to be a measure of residual cash available for management's discretionary use since it omits significant sources and uses of cash flow, including mandatory debt repayments and changes in working capital.
Management believes these measures help illustrate underlying trends in the Company's business and uses the measures to establish budgets and operational goals, communicated internally and externally, for managing the Company's business and evaluating its performance. Management also believes the presentation of its non-IFRS financial measures enhances an investor鈥檚 overall understanding of the Company鈥檚 historical financial performance. The presentation of the Company鈥檚 non-IFRS financial measures is not meant to be considered in isolation or as a substitute for the Company鈥檚 financial results prepared in accordance with IFRS, and its non-IFRS measures may be different from non-IFRS measures used by other companies. Investors should review the reconciliation of the Company鈥檚 non-IFRS financial measures to the comparable IFRS financial measures included below and not rely on any single financial measure to evaluate the Company鈥檚 business.
FORWARD-LOOKING STATEMENTS:
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of terms and phrases such as 鈥渂elieve,鈥� 鈥渆xpect,鈥� "intends," "outlook," 鈥渕ay,鈥� 鈥渨ill,鈥� and other similar terms and phrases. Such forward-looking statements include, but are not limited to, statements regarding the macroeconomic environment, our pipeline for transformative technology projects, client demand, our ability to deliver sustainable growth and management's financial outlook for the first quarter and full fiscal year 2026. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to: Endava鈥檚 ability to achieve its revenue growth goals including as a result of a slower conversion of its pipeline; Endava's expectations of future operating results or financial performance; Endava鈥檚 ability to accurately forecast and achieve its announced guidance; Endava's ability to retain existing clients and attract new clients, including its ability to increase revenue from existing clients and diversify its revenue concentration; Endava鈥檚 ability to attract and retain highly-skilled IT professionals at cost-effective rates; Endava's ability to successfully identify acquisition targets, consummate acquisitions and successfully integrate acquired businesses and personnel; Endava's ability to penetrate new industry verticals and geographies and grow its revenue in current industry verticals and geographies; Endava鈥檚 ability to maintain favorable pricing and utilisation rates to support its gross margin; the effects of increased competition as well as innovations by new and existing competitors in its market; the size of Endava's addressable market and market trends; Endava鈥檚 ability to adapt to technological change and industry trends and innovate solutions for its clients; Endava's plans for growth and future operations, including its ability to manage its growth; Endava's ability to effectively manage its international operations, including Endava's exposure to foreign currency exchange rate fluctuations; Endava's future financial performance; the impact of unstable market, economic, and global conditions, as well as other risks and uncertainties discussed in the 鈥淩isk Factors鈥� section of Endava's Annual Report on Form 20-F for the year ended June 30, 2025 filed with the SEC on September 4, 2025 and in other filings that Endava makes from time to time with the SEC. In addition, the forward-looking statements included in this press release represent Endava鈥檚 views and expectations as of the date hereof and are based on information currently available to Endava. Endava anticipates that subsequent events and developments may cause its views to change. Endava specifically disclaims any obligation to update the forward-looking statements in this press release except as required by law. These forward-looking statements should not be relied upon as representing Endava鈥檚 views as of any date subsequent to the date hereof.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME |
Twelve Months Ended
|
Three Months Ended
|
||||||
2025 |
听 |
2024 |
听 |
2025 |
听 |
2024 |
听 |
|
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
|||||
REVENUE |
772,255 |
听 |
740,756 |
听 |
186,776 |
听 |
194,418 |
听 |
Cost of sales |
听 |
听 |
听 |
听 |
||||
Direct cost of sales |
(550,894 |
) |
(532,860 |
) |
(133,577 |
) |
(142,996 |
) |
Allocated cost of sales |
(27,659 |
) |
(28,188 |
) |
(6,763 |
) |
(8,250 |
) |
Total cost of sales |
(578,553 |
) |
(561,048 |
) |
(140,340 |
) |
(151,246 |
) |
GROSS PROFIT |
193,702 |
听 |
179,708 |
听 |
46,436 |
听 |
43,172 |
听 |
Selling, general and administrative expenses |
(162,195 |
) |
(159,568 |
) |
(37,746 |
) |
(41,925 |
) |
OPERATING PROFIT |
31,507 |
听 |
20,140 |
听 |
8,690 |
听 |
1,247 |
听 |
Net finance (expense) / income |
(7,394 |
) |
6,840 |
听 |
(4,891 |
) |
(1,656 |
) |
PROFIT / (LOSS) BEFORE TAX |
24,113 |
听 |
26,980 |
听 |
3,799 |
听 |
(409 |
) |
Tax on profit / (loss) on ordinary activities |
(2,901 |
) |
(9,858 |
) |
(2,631 |
) |
(1,445 |
) |
PROFIT / (LOSS) FOR THE PERIOD |
21,212 |
听 |
17,122 |
听 |
1,168 |
听 |
(1,854 |
) |
OTHER COMPREHENSIVE INCOME |
听 |
听 |
听 |
听 |
||||
Items that may be reclassified subsequently to profit or loss: |
听 |
听 |
听 |
听 |
||||
Exchange differences on translating foreign operations and net investment hedge impact |
(40,376 |
) |
(3,041 |
) |
(18,822 |
) |
(1,980 |
) |
Total comprehensive (expense)/income for the year attributable to the equity holders of the Company |
(19,164 |
) |
14,081 |
听 |
(17,654 |
) |
(3,834 |
) |
听 |
听 |
听 |
听 |
听 |
||||
EARNINGS PER SHARE (EPS): |
听 |
听 |
听 |
听 |
||||
Weighted average number of shares outstanding - Basic |
58,461,621 |
听 |
58,318,968 |
听 |
56,142,682 |
听 |
58,634,640 |
听 |
Weighted average number of shares outstanding - Diluted |
58,875,460 |
听 |
58,749,497 |
听 |
56,219,024 |
听 |
58,819,301 |
听 |
Basic EPS (拢) |
0.36 |
听 |
0.29 |
听 |
0.02 |
听 |
(0.03 |
) |
Diluted EPS (拢) |
0.36 |
听 |
0.29 |
听 |
0.02 |
听 |
(0.03 |
) |
CONDENSED CONSOLIDATED BALANCE SHEETS |
June 30, 2025 |
June 30, 2024 (1) |
||
拢鈥�000 |
拢鈥�000 |
|||
ASSETS - NON-CURRENT |
听 |
听 |
||
Goodwill |
473,296 |
听 |
507,652 |
听 |
Intangible assets |
100,890 |
听 |
130,792 |
听 |
Property, plant and equipment |
14,177 |
听 |
20,780 |
听 |
Lease right-of-use assets |
41,515 |
听 |
53,294 |
听 |
Deferred tax assets |
19,030 |
听 |
18,323 |
听 |
Financial assets and other receivables |
5,009 |
听 |
10,499 |
听 |
TOTAL |
653,917 |
听 |
741,340 |
听 |
ASSETS - CURRENT |
听 |
听 |
||
Trade and other receivables |
209,523 |
听 |
193,673 |
听 |
Corporation tax receivable |
12,865 |
听 |
11,402 |
听 |
Financial assets |
121 |
听 |
183 |
听 |
Cash and cash equivalents |
59,345 |
听 |
62,358 |
听 |
TOTAL |
281,854 |
听 |
267,616 |
听 |
TOTAL ASSETS |
935,771 |
听 |
1,008,956 |
听 |
LIABILITIES - CURRENT |
听 |
听 |
||
Lease liabilities |
13,661 |
听 |
14,450 |
听 |
Trade and other payables |
96,827 |
听 |
118,935 |
听 |
Corporation tax payable |
7,757 |
听 |
5,604 |
听 |
Contingent consideration |
100 |
听 |
8,444 |
听 |
Deferred consideration |
3,376 |
听 |
6,236 |
听 |
TOTAL |
121,721 |
听 |
153,669 |
听 |
LIABILITIES - NON CURRENT |
听 |
听 |
||
Borrowings |
180,943 |
听 |
144,754 |
听 |
Lease liabilities |
33,448 |
听 |
43,557 |
听 |
Deferred tax liabilities |
15,183 |
听 |
26,069 |
听 |
Tax liabilities related to Pilar II Income tax |
584 |
听 |
鈥� |
听 |
Contingent consideration |
401 |
听 |
鈥� |
听 |
Deferred consideration |
鈥� |
听 |
943 |
听 |
Other liabilities |
552 |
听 |
509 |
听 |
TOTAL |
231,111 |
听 |
215,832 |
听 |
EQUITY |
听 |
听 |
||
Share capital |
1,123 |
听 |
1,180 |
听 |
Share premium |
21,280 |
听 |
21,280 |
听 |
Merger relief reserve |
63,440 |
听 |
63,440 |
听 |
Retained earnings |
575,428 |
听 |
573,640 |
听 |
Other reserves |
(60,369 |
) |
(20,059 |
) |
Treasury shares |
(17,958 |
) |
鈥� |
听 |
Investment in own shares |
(5 |
) |
(26 |
) |
TOTAL |
582,939 |
听 |
639,455 |
听 |
TOTAL LIABILITIES AND EQUITY |
935,771 |
听 |
1,008,956 |
听 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
Twelve Months Ended
|
Three Months Ended
|
||||||
2025 |
2024 |
2025 |
2024 |
|||||
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
|||||
OPERATING ACTIVITIES |
听 |
听 |
听 |
听 |
||||
Profit / (Loss) for the period |
21,212 |
听 |
17,122 |
听 |
1,168 |
听 |
(1,854 |
) |
Income tax charge |
2,901 |
听 |
9,858 |
听 |
2,631 |
听 |
1,445 |
听 |
Non-cash adjustments |
81,609 |
听 |
57,768 |
听 |
16,889 |
听 |
14,008 |
听 |
Tax paid |
(12,763 |
) |
(14,254 |
) |
(5,820 |
) |
(6,547 |
) |
Research & Development Credit received |
鈥� |
听 |
478 |
听 |
鈥� |
听 |
478 |
听 |
Net changes in working capital |
(40,186 |
) |
(16,580 |
) |
(17,176 |
) |
(7,769 |
) |
Net cash from/(used in) operating activities |
52,773 |
听 |
54,392 |
听 |
(2,308 |
) |
(239 |
) |
听 |
听 |
听 |
听 |
听 |
||||
INVESTING ACTIVITIES |
听 |
听 |
听 |
听 |
||||
Purchase of non-current assets (tangibles and intangibles) |
(4,703 |
) |
(5,486 |
) |
(1,771 |
) |
(1,790 |
) |
Proceeds from disposal of non-current assets |
339 |
听 |
346 |
听 |
84 |
听 |
310 |
听 |
Payment for acquisition of subsidiary, net of cash acquired |
(6,831 |
) |
(236,110 |
) |
(155 |
) |
(216,887 |
) |
Other acquisition related settlements |
鈥� |
听 |
(55,246 |
) |
鈥� |
听 |
(48,566 |
) |
Interest received |
1,256 |
听 |
6,171 |
听 |
278 |
听 |
572 |
听 |
Net cash used in investing activities |
(9,939 |
) |
(290,325 |
) |
(1,564 |
) |
(266,361 |
) |
听 |
听 |
听 |
听 |
听 |
||||
FINANCING ACTIVITIES |
听 |
听 |
听 |
听 |
||||
Proceeds from borrowings |
85,562 |
听 |
153,814 |
听 |
50,562 |
听 |
153,814 |
听 |
Repayment of borrowings |
(43,404 |
) |
(8,056 |
) |
(2,562 |
) |
(8,056 |
) |
Proceeds from sublease |
127 |
听 |
94 |
听 |
35 |
听 |
(35 |
) |
Repayment of lease liabilities |
(12,425 |
) |
(12,629 |
) |
(3,068 |
) |
(3,478 |
) |
Repayment of lease interest |
(1,864 |
) |
(2,147 |
) |
(417 |
) |
(505 |
) |
Grant received |
274 |
听 |
707 |
听 |
鈥� |
听 |
(115 |
) |
Interest and debt financing costs paid |
(8,635 |
) |
(3,389 |
) |
(2,125 |
) |
(1,778 |
) |
Payment for repurchase of own shares |
(64,765 |
) |
鈥� |
听 |
(46,957 |
) |
鈥� |
听 |
Proceeds from exercise of options |
鈥� |
听 |
6,667 |
听 |
鈥� |
听 |
81 |
听 |
Net cash (used in)/ generated from financing activities |
(45,130 |
) |
135,061 |
听 |
(4,532 |
) |
139,928 |
听 |
Net change in cash and cash equivalents |
(2,296 |
) |
(100,872 |
) |
(8,404 |
) |
(126,672 |
) |
听 |
听 |
听 |
听 |
听 |
||||
Cash and cash equivalents at the beginning of the period |
62,358 |
听 |
164,703 |
听 |
68,277 |
听 |
190,021 |
听 |
Effects of exchange rate changes on cash and cash equivalents |
(717 |
) |
(1,473 |
) |
(528 |
) |
(991 |
) |
Cash and cash equivalents at the end of the period |
59,345 |
听 |
62,358 |
听 |
59,345 |
听 |
62,358 |
听 |
RECONCILIATION OF IFRS FINANCIAL MEASURES TO NON-IFRS FINANCIAL MEASURES
RECONCILIATION OF REVENUE GROWTH / (DECLINE) RATE AS REPORTED UNDER IFRS TO REVENUE GROWTH / (DECLINE) RATE AT CONSTANT CURRENCY: |
||||||||
| 听 | ||||||||
听 |
Twelve Months Ended
|
Three Months Ended
|
||||||
听 |
2025 |
2024 |
2025 |
2024 |
||||
REVENUE GROWTH / (DECLINE) RATE AS REPORTED UNDER IFRS |
4.3 |
% |
(6.8 |
%) |
(3.9 |
%) |
2.4 |
% |
Impact of Foreign exchange rate fluctuations |
2.0 |
% |
2.3 |
% |
3.2 |
% |
1.1 |
% |
REVENUE GROWTH / (DECLINE) RATE AT CONSTANT CURRENCY |
6.3 |
% |
(4.5 |
%) |
(0.7 |
%) |
3.5 |
% |
RECONCILIATION OF ADJUSTED PROFIT BEFORE TAX AND ADJUSTED PROFIT FOR THE PERIOD: |
||||||||
| 听 | ||||||||
听 |
Twelve Months Ended
|
Three Months Ended
|
||||||
听 |
2025 |
2024 |
2025 |
2024 |
||||
听 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
||||
PROFIT / (LOSS) BEFORE TAX |
24,113 |
听 |
26,980 |
听 |
3,799 |
听 |
(409 |
) |
Adjustments: |
听 |
听 |
听 |
听 |
||||
Share-based compensation expense |
32,045 |
听 |
34,678 |
听 |
3,859 |
听 |
4,938 |
听 |
Amortisation of acquired intangible assets |
21,577 |
听 |
14,980 |
听 |
5,341 |
听 |
5,050 |
听 |
Foreign currency exchange losses / (gains), net |
3,727 |
听 |
2,233 |
听 |
2,281 |
听 |
(631 |
) |
Restructuring costs |
6,539 |
听 |
11,645 |
听 |
1,045 |
听 |
4,386 |
听 |
Exceptional property charges |
鈥� |
听 |
1,925 |
听 |
鈥� |
听 |
1,925 |
听 |
Fair value movement of contingent consideration |
(5,880 |
) |
(9,486 |
) |
83 |
听 |
(338 |
) |
Total adjustments |
58,008 |
听 |
55,975 |
听 |
12,609 |
听 |
15,330 |
听 |
ADJUSTED PROFIT BEFORE TAX |
82,121 |
听 |
82,955 |
听 |
16,408 |
听 |
14,921 |
听 |
听 |
听 |
听 |
听 |
听 |
||||
PROFIT / (LOSS) FOR THE PERIOD |
21,212 |
听 |
17,122 |
听 |
1,168 |
听 |
(1,854 |
) |
Adjustments: |
听 |
听 |
听 |
听 |
||||
Adjustments to profit before tax |
58,008 |
听 |
55,975 |
听 |
12,609 |
听 |
15,330 |
听 |
Release of Romanian withholding tax |
(3,800 |
) |
鈥� |
听 |
鈥� |
听 |
鈥� |
听 |
Tax impact of adjustments |
(8,806 |
) |
(7,109 |
) |
(267 |
) |
(606 |
) |
ADJUSTED PROFIT FOR THE PERIOD |
66,614 |
听 |
65,988 |
听 |
13,510 |
听 |
12,870 |
听 |
RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE: |
||||||||
| 听 | ||||||||
听 |
Twelve Months Ended
|
Three Months Ended
|
||||||
听 |
2025 |
2024 |
2025 |
2025 |
||||
听 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
||||
DILUTED EARNINGS / (LOSS) PER SHARE (拢) |
0.36 |
听 |
0.29 |
听 |
0.02 |
听 | (0.03 |
) |
Adjustments: |
听 |
听 |
听 |
听 | 听 |
|||
Share-based compensation expense |
0.54 |
听 |
0.59 |
听 |
0.07 |
听 | 0.08 |
听 |
Amortisation of acquired intangible assets |
0.37 |
听 |
0.25 |
听 |
0.09 |
听 | 0.09 |
听 |
Foreign currency exchange losses / (gains) net |
0.06 |
听 |
0.04 |
听 |
0.03 |
听 | (0.01 |
) |
Restructuring costs |
0.11 |
听 |
0.20 |
听 |
0.02 |
听 | 0.07 |
听 |
Exceptional property charges |
鈥� |
听 |
0.03 |
听 |
鈥� |
听 | 0.03 |
听 |
Fair value movement of contingent consideration |
(0.11 |
) |
(0.16 |
) |
0.01 |
听 | 鈥� |
听 |
Release of Romanian withholding tax |
(0.06 |
) |
鈥� |
听 |
鈥� |
听 | 鈥� |
听 |
Tax impact of adjustments |
(0.14 |
) |
(0.12 |
) |
鈥� |
听 | (0.01 |
) |
Total adjustments |
0.77 |
听 |
0.83 |
听 |
0.22 |
听 | 0.25 |
听 |
ADJUSTED DILUTED EARNINGS PER SHARE (拢) |
1.13 |
听 |
1.12 |
听 |
0.24 |
听 | 0.22 |
听 |
RECONCILIATION OF NET CASH FROM OPERATING ACTIVITIES TO ADJUSTED FREE CASH FLOW |
||||||||
听 |
Twelve Months Ended
|
Three Months Ended
|
||||||
听 |
2025 |
2024 |
2025 |
2024 |
||||
听 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
||||
NET CASH FROM OPERATING ACTIVITIES |
52,773 |
听 |
54,392 |
听 |
(2,308 |
) |
(239 |
) |
Adjustments: |
听 |
听 |
听 |
听 |
||||
Grant received |
274 |
听 |
707 |
听 |
鈥� |
听 |
(115 |
) |
Net purchases of non-current assets (tangibles and intangibles) |
(4,364 |
) |
(5,140 |
) |
(1,687 |
) |
(1,480 |
) |
Settlement of COC bonuses on acquisition (2) |
鈥� |
听 |
8,442 |
听 |
鈥� |
听 |
8,442 |
听 |
ADJUSTED FREE CASH FLOW |
48,683 |
听 |
58,401 |
听 |
(3,995 |
) |
6,608 |
听 |
SUPPLEMENTARY INFORMATION
SHARE-BASED COMPENSATION EXPENSE |
||||||||
| 听 | 听 | 听 | 听 | |||||
听 |
Twelve Months Ended
|
Three Months Ended
|
||||||
听 |
2025 |
2024 |
2025 |
2024 |
||||
听 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
||||
听 |
听 |
听 | 听 |
听 | 听 |
听 | 听 |
听 |
Direct cost of sales |
22,784 |
听 | 25,902 |
听 | 3,234 |
听 | 4,470 |
听 |
Selling, general and administrative expenses |
9,261 |
听 | 8,776 |
听 | 625 |
听 | 468 |
听 |
Total |
32,045 |
听 | 34,678 |
听 | 3,859 |
听 | 4,938 |
听 |
DEPRECIATION AND AMORTISATION |
||||||||
| 听 | 听 | |||||||
听 |
Twelve Months Ended
|
Three Months Ended
|
||||||
听 |
2025 |
2024 |
2025 |
2024 |
||||
听 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
拢鈥�000 |
||||
听 |
听 |
听 | 听 |
听 | 听 |
听 | 听 |
听 |
Direct cost of sales |
20,381 |
听 | 20,532 |
听 | 4,810 |
听 | 5,634 |
听 |
Selling, general and administrative expenses |
24,560 |
听 | 18,409 |
听 | 6,035 |
听 | 5,999 |
听 |
Total |
44,941 |
听 | 38,941 |
听 | 10,845 |
听 | 11,633 |
听 |
EMPLOYEES, TOP 10 CUSTOMERS AND REVENUE SPLIT |
||||||||
| 听 | ||||||||
听 |
Twelve Months Ended
|
Three Months Ended
|
||||||
听 |
2025 |
2024 |
2025 |
2024 |
||||
Closing number of total employees (including directors) |
11,479 |
听 |
12,085 |
听 |
11,479 |
听 |
12,085 |
听 |
Average operational employees |
10,403 |
听 |
10,587 |
听 |
10,255 |
听 |
11,007 |
听 |
听 |
听 |
听 |
听 |
听 |
||||
Top 10 customers % |
36 |
% |
32 |
% |
37 |
% |
34 |
% |
Number of clients with > (rolling 12 months) |
133 |
听 |
146 |
听 |
133 |
听 |
146 |
听 |
听 |
听 |
听 |
听 |
听 |
||||
Geographic split of revenue % |
听 |
听 |
听 |
听 |
||||
|
38 |
% |
33 |
% |
38 |
% |
38 |
% |
|
23 |
% |
26 |
% |
23 |
% |
25 |
% |
|
33 |
% |
33 |
% |
33 |
% |
30 |
% |
Rest of World (RoW) |
6 |
% |
8 |
% |
6 |
% |
7 |
% |
听 |
听 |
听 |
听 |
听 |
||||
Industry vertical split of revenue % |
听 |
听 |
听 |
听 |
||||
Payments |
19 |
% |
24 |
% |
17 |
% |
19 |
% |
Banking and Capital Markets |
20 |
% |
15 |
% |
22 |
% |
17 |
% |
Insurance |
9 |
% |
8 |
% |
10 |
% |
9 |
% |
TMT |
19 |
% |
23 |
% |
17 |
% |
21 |
% |
Mobility |
8 |
% |
10 |
% |
8 |
% |
9 |
% |
Healthcare |
12 |
% |
6 |
% |
12 |
% |
12 |
% |
Other |
13 |
% |
14 |
% |
14 |
% |
13 |
% |
FOOTNOTES
(1) Restated to include the effect of revisions arising from provisional to final acquisition accounting for GalaxE.
(2) GalaxE acquisition-related working capital movement in respect of settlement of change in control (COC) bonuses payable to the GalaxE key employees on behalf of the seller.
View source version on businesswire.com:
INVESTOR CONTACT:
Endava plc
Laurence Madsen, Head of Investor Relations
[email protected]
Source: Endava plc
