Here is a summary of the trading statement from Diales Group Plc
Diales Group Plc has released its trading update for the first half of FY25 (six-month period ended March 31, 2025). The company expects to report similar revenue and underlying group profit before tax compared to the same period in FY24. The board anticipates delivering full-year FY25 results in line with current market expectations.
The group has returned to profitability and is performing well across key markets in the UK, Europe, and the Middle East, while its Canadian operations have also turned around. The USA operations are being discontinued.
Diales Groups four-year transformation strategy is showing positive results with efficiency gains and enhanced competitiveness. The company aims to acquire new talent, deliver growth, and expand its market presence.
As of March 31, 2025, the group had a net cash balance of £2.3 million, with a current balance of £3.0 million after subsequent dividend payments. Diales Group has also secured an overdraft facility of £1 million from Barclays Bank.
Mark Wheeler, CEO, commented on the increased momentum in Q2 and the groups unique position to assist clients with global market turmoil. He expressed confidence in delivering full-year results in line with market expectations.
The update provides a positive outlook for Diales Groups performance and financial position, with a focus on growth and market competitiveness.