Marlowe plc, a leader in business-critical services, provides a trading update for the fiscal year ended March 31, 2025 (FY25). The Group has made significant financial and strategic progress, including the divestment of selected GRC assets, a special dividend, and a share buyback program. The demerger of its Occupational Health division resulted in the formation of Optima Health plc, focusing Marlowes operations on the TIC markets.
For FY25, Marlowe expects revenue of £305.0 million, adjusted EBITDA of £32.5 million, and adjusted profit before tax of £18.5 million, with strong cash generation. The Group has also made progress on its integration program, with all restructuring concluded by September 30, 2024. A review of balance sheet items in the Water & Air Hygiene segment is expected to result in a non-cash adjustment of £3.1 million.
Marlowe announces the acquisition of SludgeTek, a specialist in wastewater services, for an enterprise value of £6.2 million. SludgeTeks expertise complements Marlowes existing capabilities, strengthening its position in wastewater rental solutions. The Group continues to seek bolt-on acquisition opportunities to enhance shareholder value, focusing on both Water & Air Hygiene and Fire Safety & Security sectors.
| Year | Revenue | Adjusted EBITDA | Adjusted Profit Before Tax | Net Cash Position | Debt Facility |
|---|---|---|---|---|---|
| FY25 (2025) | £305.0 million | £32.5 million | £18.5 million | £22 million | £50 million (undrawn) |
| FY24 (2024) | N/A | N/A | N/A | N/A | N/A |