Here is a summary of the financial report for TPXImpact Holdings PLC for the fiscal year ending March 31, 2025
## Overview
TPXImpact Holdings PLC, a technology-enabled services company, released its unaudited preliminary financial results for the fiscal year ending March 31, 2025 (FY25), and a trading update for the year ending March 31, 2026 (FY26). The company reported a challenging year due to market disruptions, particularly in the UK public sector, but showed resilience with a strong financial performance.
## Financial Highlights
Revenue from continuing operations decreased by 8.2% to £77.3 million, impacted by contract delays and spending reviews.
Adjusted EBITDA increased by 21.3% to £5.6 million, with an adjusted EBITDA margin of 7.3%, an improvement of 1.8 margin points.
Reported operating loss was £(8.7) million, including a non-cash impairment charge on goodwill.
Adjusted profit before tax from continuing operations was £3.3 million, while the reported loss before tax was £(10.0) million.
Net debt at the end of FY25 was £8.5 million, with a leverage ratio of 1.51, within the companys target range.
## Operational and Impact Highlights
The company successfully executed the second year of its three-year plan, simplifying its business into three core areas: Digital Transformation, manifesto, and KITS.
Total headcount decreased by 9% year-over-year, with an improved gender pay gap of 7% and ethnically diverse representation of 20%.
Carbon intensity decreased to 16.7 tCO2e/£1m of revenue, reflecting the companys commitment to sustainability.
## Post-Period Trading and Outlook
TPXImpact won £19 million of new business in the first two months of FY26, and the management expects to stabilize revenue and target an adjusted EBITDA of £6-7 million for FY26.
The company aims to reduce net debt to £7-8 million, resulting in reduced leverage and remaining within banking covenants.
Despite a challenging market environment, TPXImpact demonstrated resilience and financial discipline in FY25. The company expects to build on its strengths and focus on margin improvement, cash generation, and debt reduction in FY26 while investing in key areas for future growth.