Are you a client?
Sign in to view the full news archive.
H1 results from IDOX, a supplier of specialist information management software and geospatial data solutions to the public and asset-intensive sectors, show the firm grew its top line by 4.0% to £45.0m.
For the half-year period in the six months to the end of April 2025, adjusted EBITDA margin improved to 31% from 30% in the comparable period last year. IDOX saw a record first half order intake of £58.7m, up 9.0% from last year.
The Board says the H1 performance is "in line with its expectations" and improvements in revenue, recurring revenue, profitability and cash generation put the firm in its "strongest position ever".
In May, shortly after the end of the H1 period, IDOX announced its acquisition of Trojan Consultants, which trades as Plianz - a provider of social care software. The addition complements IDOX's existing social care business and creates an opportunity for Plianz to expand its market reach. Furthermore, additional acquisitions remain on the cards with IDOX reporting a "healthy M&A pipeline with good progress on a number of strategic targets".
Strong growth in recurring revenue combined with an active bidding pipeline both provide good visibility of revenue for the remainder of FY25 and beyond.
Posted by: Kate Hanaghan at 09:25
Tags:
results