Equals Group plc, a fintech payments group, released its interim results for the first half of 2024, showing significant growth in revenue, adjusted EBITDA, and a strong balance sheet. The Groups focus on B2B marketplaces and investments in product development and expansion have contributed to this positive performance. The Group has also expanded its total addressable market through white-labelling and European operations. The Board has proposed an interim dividend of 1 pence per share, reflecting the strong performance and cash generation. The Groups CEO, Ian Strafford-Taylor, expressed pride in the results and highlighted the Groups well-invested proposition and sustained investments.
Equals Group plc Financials
Year-on-Year Comparison
| Financial Metric | H1-2024 | H1-2023 | Change (%) |
|---|---|---|---|
| Underlying transaction values (£ million) | 9,314 | 5,964 | +56% |
| Revenue (£ million) | 60.0 | 45.0 | +33% |
| Gross profit (£ million) | 34.4 | 23.6 | +46% |
| Gross profit % | 57.4% | 52.4% | +5% |
| Adjusted EBITDA* (£ million) | 12.7 | 9.8 | +30% |
| Adjusted profit* (£ million) | 9.1 | 6.9 | +32% |
| Operating profit (£ million) | 6.6 | 5.5 | +20% |
| Adjusted profit after taxation (£ million) | 7.8 | 6.2 | +26% |
| Profit after taxation (£ million) | 5.2 | 4.8 | +8% |
| Adjusted EPS (Basic, pence) | 4.18 | 3.42 | +22% |
| EPS (Basic, pence) | 2.76 | 2.64 | +5% |
* The term 'Adjusted' (including Adjusted EBITDA, Adjusted Profit and Adjusted EPS) excludes: share option charges, amortisation of acquired intangibles, items of an exceptional nature and size. EBITDA is defined as operating profit before depreciation and amortisation.