SpaceandPeople PLC, a UK-based company that facilitates short-term space rentals for promotional and retail activities, released its financial results for the year ended December 31, 2024. The company reported a 15% increase in revenue to £6.7 million, with a 33% rise in operating profit to £0.3 million. Basic Earnings per Share increased by 81% to 14.1p, and the company maintained its cash position at £1.9 million while further reducing debt by £322k.
Operationally, SpaceandPeople secured a significant 5-year contract with Network Rail through a competitive tender, providing exclusive access to high-footfall venues across the UK. The company also extended its retail contract with ECE, Germanys largest shopping center owner, for another 5 years, enabling continued expansion in Europe. The companys Rock Up and Pop Up kiosk program saw growth with 26 kiosks in 14 venues by the year-end.
The Groups performance was strong, with strategic progress made through major contract renewals and steady advancements in new product growth and European expansion. The company aims to intensify its focus on these strategic objectives in 2025. SpaceandPeople remains committed to technological advancements and efficiency improvements, while also considering returning to dividend payments when prudent.
The financial highlights demonstrate a profitable year for SpaceandPeople, with a focus on debt reduction and strategic growth. The operational highlights showcase the companys successful contract renewals and expansion plans, positioning them well for future development.
| Year | Revenue (£ million) | Operating Profit (£ million) | Basic Earnings per Share (p) | Cash (£ million) | Debt (£ million) |
|---|---|---|---|---|---|
| 2024 | 6.7 | 0.3 | 14.1 | 1.9 | 0.84 |
| 2023 | 5.8 | 0.2 | 7.8 | 1.9 | 1.16 |