Focusrite plc, a global music and audio products company, reported its financial results for the six months ended February 28, 2025. The Groups performance was in line with expectations, reflecting the resilience of its strategy and the strength of its brands amid global economic uncertainty. Content Creation brands saw a 9.9% revenue increase, marking a return to growth. The Audio Reproduction market normalized, resulting in a 5.8% revenue decline. Overall, Group revenue increased by 5.2% to £80.9 million. The Groups gross margin decreased to 43.9% due to elevated freight rates and product mix changes. Adjusted EBITDA decreased by 14.0% to £10.4 million. The Board approved an interim dividend of 2.1p, reflecting confidence in the Groups long-term outlook. The Group expects new product launches in the next six months and anticipates a greater weighting of sales in this period.
| Year | Revenue | Gross Margin | Adjusted EBITDA | Operating Profit | Adjusted Operating Profit | Basic EPS | Adjusted Diluted EPS | Interim Dividend | Net Debt |
|---|---|---|---|---|---|---|---|---|---|
| HY25 | £80.9 million | 43.9% | £10.4 million | £3.1 million | £5.8 million | 3.1 pence | 6.6 pence | 2.1 pence | £17.9 million |
| HY24 | £76.9 million | 45.8% | £12.1 million | £4.7 million | £7.5 million | 4.2 pence | 7.7 pence | 2.1 pence | £27.3 million |