**Summary of Oxford Metrics PLCs Audited Preliminary Results for FY25 (Ended 30 September 2025)**
**Financial Highlights**
**Revenue Growth** Increased by 8% to £44.8 million (FY24: £41.5 million), driven by strong performance in Smart Manufacturing (up 341% to £12.8 million) and organic growth (38%).
**Adjusted EBIT** Rose by 29% to £2.2 million (FY24: £1.7 million), supported by higher volumes in Smart Manufacturing, improved margins in Motion Capture, and cost discipline.
**Adjusted Basic EPS** Declined by 49% to 1.55p (FY24: 3.01p) due to lower interest income from reduced cash balances.
**Profit Before Tax** Fell by 80% to £0.1 million (FY24: £0.5 million), primarily due to lower net finance income.
**Cash Position** Decreased by 26% to £37.3 million (FY24: £50.7 million) due to shareholder returns and strategic investments.
**Dividend** Maintained at 3.25p per share, reflecting confidence in cash generation.
**Strategic Highlights**
**Smart Manufacturing Expansion** Strengthened through acquisitions of The Sempre Group and Amber Optix, enhancing project-to-product capabilities and market reach.
**Motion Capture Innovation** Launched Markerless Motion Capture, complementing core marker-based systems and expanding ARR opportunities.
**AI Leadership** Focused on proprietary models and datasets for next-generation solutions in Motion Capture and automated inspection.
**Operational Focus** Appointed new divisional heads to enhance operational efficiency and commercial delivery.
**Current Trading & Outlook**
**Q1 FY26 Trading** In line with Board expectations.
**Motion Capture Refocus** Reallocating resources to high-growth geographies and accelerating product innovation.
**Smart Manufacturing Integration** Unifying businesses under one structure to improve efficiency and scalability.
**Strategic Framework** Refined three-year strategy to be unveiled in H1 FY26, focusing on core technology scaling, recurring revenue growth, and disciplined capital allocation.
**CEO Commentary (Imogen OConnor)**
Highlighted solid execution and strategic progress, with Smart Manufacturing scaling through acquisitions and organic growth. Acknowledged Motion Capture revenue decline due to US market headwinds but emphasized order intake growth and strategic resource reallocation. Stressed focus on innovation, including Markerless Motion Capture, to drive sustainable long-term growth.
**Chair Statement**
Emphasized Oxford Metrics global reputation, leadership in motion measurement, and potential for IP-led growth. Noted FY25 progress in operational discipline, innovation (e.g., Markerless technology), and Smart Manufacturing momentum. Highlighted the role of selective M&A in value creation and the strong balance sheet supporting future investments.
**Key Initiatives**
**Motion Capture** Launched Markerless technology and Valkyrie 6 camera, broadening market reach and recurring revenue potential.
**Smart Manufacturing** Achieved significant scale through acquisitions, with a focus on repeatable, scalable solutions and margin expansion.
**Operational Efficiency** Improved working capital management and cash generation, supported by inventory optimization and cost discipline.
**Financial Outlook**
**FY26 Focus** Disciplined execution, sales pipeline strengthening, and operational efficiency improvements.
**Capital Allocation** Continued focus on organic investment, selective M&A, and shareholder returns.
**Strategic Priorities** Scaling core technologies, expanding recurring revenue, and finalizing the three-year strategic framework in H1 FY26.
**Conclusion**
Oxford Metrics demonstrated resilience and strategic progress in FY25, positioning itself for sustainable growth through innovation, operational efficiency, and disciplined capital allocation. Despite near-term challenges in Motion Capture, the Group’s diversified portfolio, strong balance sheet, and focus on high-growth markets provide a solid foundation for future performance.
| Metric | FY25 | FY24 | Change |
|---|---|---|---|
| Revenue | £44.8m | £41.5m | +8% |
| Adjusted EBIT | £2.2m | £1.7m | 0+29% |
| Adjusted Basic EPS | 1.55p | 3.01p | -49% |
| Ordinary dividend per share | 3.25p | 3.25p | 0% |
| Profit Before Tax | £0.1m | £0.5m | -80% |
| Basic EPS | (0.55p) | 0.58p | n/m |
| Cash and fixed term deposits | £37.3m | £50.7m | -26% |
| Operating cash generation before tax | £6.7m | £0.3m | n/m |
| Net debt (Cash and fixed term deposits - Current liabilities) | £23.6m | £48.8m | -52% |
Notes:
- Net debt is calculated as Cash and fixed term deposits minus Current liabilities.
- n/m indicates not meaningful due to negative values or significant changes.