AB Dynamics

ABDP · AIM · Automobiles and Parts · mcap £185m · 810.0p

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Financials · LTM to 28 Feb 26

Source: results 14 Apr 26 ↗

Revenue: £106m
Operating profit: −£3.3m
Net income: −£5.3m
Free cash flow: £17.5m
Net cash: £42.9m
Market cap: £186m
EV / EBIT: –
FCF yield: +9.4%
Price / book: 1.5×

Latest half-year · H1 Feb 26 vs H1 Feb 25 results 14 Apr 26 ↗

Revenue: £48.8m
Operating profit: −£12.1m
Net income: −£12.2m
Cash from operations: £4.0m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it in the results of each period, newest first. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 Feb 26 (six months to 28 Feb 26), published 14 Apr 26 · read the results ↗

	FY Aug 25	FY Aug 24
Revenue	-	111.3
Adjusted operating profit	(4.1)	20.3
Operating profit is analysed as
Before depreciation and amortisation	(4.1)	24.2
Depreciation and amortisation	-	(3.9)
Adjusted operating profit	(4.1)	20.3
Amortisation of acquired intangibles	-	(6.4)
Adjusting items	(1.2)	(1.2)
Operating profit	(5.3)	12.7
Net finance expense	(0.9)	(0.7)
Profit before tax	14.6	12.0
Tax expense	(2.6)	(2.3)
Profit for the year	12.0	9.7
Analysis of revenue by destination
2025 £m 2024 £m
Europe (including United Kingdom)	31.8	36.8
North America	29.4	25.9
Asia Pacific	53.3	48.4
Rest of World	0.2	0.2
Total 2025 £m 2024 £m	114.7	111.3
A disclosure of non-current assets by location is shown below
2025 £m 2024 £m
Europe (including United Kingdom)	68.4	64.4
North America	27.6	30.8
Asia Pacific	13.5	15.7
Total 2025 £m 2024 £m	109.5	110.9
3. Alternative performance measures
2025 £m 2024 £m
Amortisation of acquired intangibles	6.2	6.4
Acquisition related costs	0.5	0.2
ERP development costs	1.1	1.0
Adjustments to operating profit	7.8	7.6
Acquisition related finance costs	0.5	0.4
Adjustments to profit before tax	8.3	8.0
Amortisation of acquired intangibles
Acquisition related costs
ERP development costs
Acquisition related finance costs
Tax
Cash impact
4. Tax
5. Earnings per share
Total 5. Earnings per share	2025	2024
Weighted average number of shares ('m)
Basic	23.0	22.9
Diluted	23.3	23.2
Earnings per share
Profit for the year attributable to owners of the Group (£m)	12.0	9.7
Basic earnings per share	52.2p	42.3p
Diluted earnings per share	51.5p	41.7p
Adjusted earnings per share
Adjusted profit for the year attributable to owners of the Group (£m)	18.7	16.3
Adjusted basic earnings per share	81.3p	71.0p
Adjusted diluted earnings per share	80.3p	70.0p
6. Dividends
2025 £m 2024 £m
Final 2023 dividend paid of 4.42p per share	-	1.0
Interim 2024 dividend paid of 2.33p per share	-	0.5
Final 2024 dividend paid of 5.30p per share	1.2	-
Interim 2025 dividend paid of 2.80p per share	0.7	-
Total 2025 £m 2024 £m	1.9	1.5

	H1 Feb 26£m	H2 Aug 25	H1 Feb 25£m
Revenue	48.8	-	-
Cost of sales	(17.7)	–	-
Gross profit	31.1	–	-
General and administrative expenses	(22.0)	–	(21.2)
Operating profit / (loss)	9.1	15.9	(21.2)
Operating profit / (loss) is analysed as
Before depreciation and amortisation	11.3	14.0	(18.1)
Depreciation and amortisation	(2.2)	3.1	(3.1)
Operating profit / (loss)	9.1	–	(21.2)
Net finance expense	-	(0.6)	(0.3)
Profit / (loss) before tax	9.1	36.1	(21.5)
Tax (expense) / credit	(1.8)	–	2.0
Profit / (loss) for the period	7.3	–	(19.5)
Other comprehensive income
Items that may be reclassified to consolidated income statement
Exchange gain on translation of foreign operations	0.6	–	-
Total comprehensive income / (loss) for the period	7.9	–	(19.5)
Earnings / (loss) per share - basic (pence)	5	–	31.7p
Earnings / (loss) per share - diluted (pence)	5	–	31.3p

	Latest Feb 26£m	FY Aug 25£m	FY Aug 24£m
ASSETS
Non-current assets
Goodwill	39.0	45.3	44.6
Acquired intangible assets	21.8	29.3	31.3
Other intangible assets	3.2	2.9	2.5
Property, plant and equipment	28.8	29.0	29.7
Right-of-use assets	3.0	3.0	2.8
Total non-current assets	95.8	109.5	110.9
Current assets
Inventories	12.6	13.9	14.4
Trade and other receivables	22.6	14.3	14.7
Contract assets	2.8	4.6	2.3
Cash and cash equivalents	42.9	44.7	31.8
Total current assets	80.9	77.5	63.2
Assets held for sale	1.9	1.9	1.9
LIABILITIES
Current liabilities
Trade and other payables	21.3	19.7	20.3
Contract liabilities	12.6	9.1	7.5
Short-term lease liabilities	1.1	1.1	1.0
Contingent consideration	6.3	6.1	2.7
Total current liabilities	41.3	36.0	31.5
Non-current liabilities
Deferred tax liabilities	8.4	9.7	7.5
Long-term lease liabilities	2.5	2.2	2.2
Contingent consideration	-	1.1	3.5
Total non-current liabilities	10.9	13.0	13.2
Net assets	126.4	139.9	131.3
Shareholders' equity
Share capital	0.2	0.2	0.2
Share premium	62.9	62.9	62.9
Other reserves	1.4	0.8	0.7
Retained earnings	61.9	76.0	67.5
Total equity	126.4	139.9	131.3
AB Dynamics plc
Unaudited condensed consolidated statement of changes in equity
for the six months ended 28 February 2026
£m £m £m £m £m
At 1 September 2025	0.8	–	–
Total comprehensive income / (loss)	0.6	–	–
Share based payments	-	–	–
Dividend paid	-	–	–
Purchase of own shares	-	–	–
At 28 February 2026	1.4	–	–
At 1 September 2024	0.7	–	–
Total comprehensive income	1.1	–	–
Share based payments	-	–	–
Dividend paid	-	–	–
Purchase of own shares	-	–	–
At 28 February 2025	1.8	–	–
At 1 September 2024	0.7	–	–
Total comprehensive income	0.1	–	–
Share based payments	-	–	–
Deferred tax on share based payments	-	–	–
Dividend paid	-	–	–
Purchase of own shares	-	–	–
At 31 August 2025	0.8	–	–

	H1 Feb 26£m	H2 Aug 25£m	H1 Feb 25£m	H2 Aug 24£m
ASSETS
Non-current assets
Goodwill	39.0	45.3	46.2	44.6
Acquired intangible assets	21.8	29.3	32.5	31.3
Other intangible assets	3.2	2.9	2.8	2.5
Property, plant and equipment	28.8	29.0	29.8	29.7
Right-of-use assets	3.0	3.0	3.0	2.8
Total non-current assets	95.8	109.5	114.3	110.9
Current assets
Inventories	12.6	13.9	15.2	14.4
Trade and other receivables	22.6	14.3	20.5	14.7
Contract assets	2.8	4.6	3.8	2.3
Cash and cash equivalents	42.9	44.7	30.6	31.8
Total current assets	80.9	77.5	70.1	63.2
Assets held for sale	1.9	1.9	1.9	1.9
LIABILITIES
Current liabilities
Trade and other payables	21.3	19.7	21.3	20.3
Contract liabilities	12.6	9.1	10.5	7.5
Short-term lease liabilities	1.1	1.1	1.8	1.0
Contingent consideration	6.3	6.1	3.8	2.7
Total current liabilities	41.3	36.0	37.4	31.5
Non-current liabilities
Deferred tax liabilities	8.4	9.7	7.9	7.5
Long-term lease liabilities	2.5	2.2	1.6	2.2
Contingent consideration	-	1.1	3.4	3.5
Total non-current liabilities	10.9	13.0	12.9	13.2
Net assets	126.4	139.9	136.0	131.3
Shareholders' equity
Share capital	0.2	0.2	0.2	0.2
Share premium	62.9	62.9	62.9	62.9
Other reserves	1.4	0.8	1.8	0.7
Retained earnings	61.9	76.0	71.1	67.5
Total equity	126.4	139.9	136.0	131.3
AB Dynamics plc
Unaudited condensed consolidated statement of changes in equity
for the six months ended 28 February 2026
£m £m £m £m £m
At 1 September 2025	0.8	–	76.0	–
Total comprehensive income / (loss)	0.6	–	(12.2)	–
Share based payments	-	–	0.7	–
Dividend paid	-	–	(1.5)	–
Purchase of own shares	-	–	(1.1)	–
At 28 February 2026	1.4	–	61.9	–
At 1 September 2024	0.7	–	67.5	–
Total comprehensive income	1.1	–	5.1	–
Share based payments	-	–	0.7	–
Dividend paid	-	–	(1.2)	–
Purchase of own shares	-	–	(1.0)	–
At 28 February 2025	1.8	–	71.1	–
At 1 September 2024	0.7	–	67.5	–
Total comprehensive income	0.1	–	12.0	–
Share based payments	-	–	0.7	–
Deferred tax on share based payments	-	–	(0.2)	–
Dividend paid	-	–	(1.9)	–
Purchase of own shares	-	–	(2.1)	–
At 31 August 2025	0.8	–	76.0	–

	FY Aug 25£m	FY Aug 24£m
Profit before tax	14.6	12.0
Depreciation and amortisation	10.7	10.3
Finance expense	0.9	0.7
Share based payment	0.7	1.4
Operating cash flows before changes in working capital	26.9	24.4
Decrease in inventories	1.0	3.5
(Increase) / decrease in trade and other receivables	(1.6)	1.0
Increase / (decrease) in trade and other payables	1.5	(2.2)
Cash flows from operations	27.8	26.7
Cash flows from operations are analysed as
Adjusted cash flows from operations	29.4	27.9
Cash impact of adjusting items	(1.6)	(1.2)
Cash flows from operations	27.8	26.7
Finance costs paid	(0.2)	(0.1)
Income tax paid	(2.9)	(3.1)
Net cash flows from operating activities	24.7	23.5
Cash flows used in investing activities
Acquisition of businesses net of cash acquired	(3.4)	(17.0)
Purchase of property, plant and equipment	(2.3)	(3.6)
Capitalised development costs and purchased software	(0.8)	(0.2)
Net cash used in investing activities	(6.5)	(20.8)
Cash flows used in financing activities
Drawdown of loans	-	3.9
Repayments of loans	-	(3.9)
Dividends paid	(1.9)	(1.5)
Purchase of own shares	(2.1)	(1.7)
Repayment of lease liabilities	(1.3)	(1.2)
Net cash used in financing activities	(5.3)	(4.4)
Net increase / (decrease) in cash and cash equivalents	12.9	(1.7)
Cash and cash equivalents at beginning of the year	31.8	33.5
Cash and cash equivalents at end of the year	44.7	31.8

	H1 Feb 26£m	H2 Aug 25£m	H1 Feb 25£m
(Loss) / profit before tax	(12.4)	8.3	6.3
Depreciation and amortisation	5.3	5.5	5.2
Finance expense	0.3	0.5	0.4
Share based payments	0.7	–	0.8
Impairment and other non-cash exceptional items	16.4	–	-
Operating cash flows before changes in working capital	10.3	14.2	12.7
Decrease/(increase) in inventories	1.4	1.2	(0.2)
Increase in trade and other receivables	(7.5)	–	(7.0)
Increase in trade and other payables	0.6	(1.3)	2.8
Cash flows from operations	4.8	19.5	8.3
Cash flows from operations are analysed as
Adjusted cash flows from operations	6.5	20.1	9.3
Cash impact of adjusting items	(1.7)	(0.6)	(1.0)
Cash flows from operations	4.8	19.5	8.3
Finance income / (costs) received / (paid)	0.1	–	-
Income tax paid	(0.9)	(1.3)	(1.6)
Net cash flows from operating activities	4.0	18.0	6.7
Cash flows used in investing activities
Acquisition of businesses net of cash	(1.1)	–	(3.5)
Purchase of property, plant and equipment	(1.2)	(1.4)	(0.9)
Capitalised development costs and purchased software	(0.4)	(0.2)	(0.6)
Proceeds from sale of property, plant and equipment	0.1	–	-
Net cash used in investing activities	(2.6)	(1.5)	(5.0)
Cash flows used in financing activities
Dividends paid	(1.5)	(0.7)	(1.2)
Purchase of own shares	(1.1)	(1.1)	(1.0)
Repayment of lease liabilities	(0.7)	(0.6)	(0.7)
Net cash flow used in financing activities	(3.3)	–	(2.9)
Net (decrease) / increase in cash and cash equivalents	(1.9)	14.1	(1.2)
Cash and cash equivalents at beginning of the period	44.7	–	31.8
Effects of exchange rate changes	0.1	–	-
Cash and cash equivalents at end of the period	42.9	–	30.6

	LTM Feb 26	FY Aug 25	FY Aug 24
Revenue to operating profit
Revenue	105.5	114.7	111.3
Gross profit	67.3	71.1	66.3
Adjusted EBITDA	26.2	27.8	24.2
EBITDA	–	26.2	23.0
Adjusted operating profit	21.6	23.3	20.3
Operating profit	(3.3)	15.5	12.7
Share-based payments	0.6	0.7	1.4
Operating profit to net income
Profit before tax	(4.1)	14.6	12.0
Tax	(1.2)	(2.6)	(2.3)
Net income (owners)	(5.3)	12.0	9.7
Per share
EPS basic	(23.0p)	52.2p	42.3p
EPS diluted	(23.4p)	51.5p	41.7p
Dividend per share	9.4p	9.2p	7.6p

	H1 Feb 26	vs H1 Feb 25	H2 Aug 25	H1 Feb 25
Revenue to operating profit
Revenue	48.8	−16%	56.7	58.0
Gross profit	31.1	−11%	36.2	34.9
Adjusted EBITDA	11.3	−12%	14.9	12.9
Adjusted operating profit	9.1	−16%	12.5	10.8
Operating profit	(12.1)	n/m	8.8	6.7
Share-based payments	0.7	−12%	(0.1)	0.8
Operating profit to net income
Profit before tax	(12.4)	n/m	8.3	6.3
Tax	0.2	n/m	(1.4)	(1.2)
Net income (owners)	(12.2)	n/m	6.9	5.1
Per share
EPS basic	(53.0p)	–	30.0p	22.2p
EPS diluted	(53.0p)	–	29.6p	21.9p
Dividend per share	3.1p	–	6.4p	2.8p

	LTM Feb 26	FY Aug 25	FY Aug 24
Operating activities
Cash from operations	22.0	24.7	23.5
Interest paid	–	(0.2)	(0.1)
Tax paid	(2.2)	(2.9)	(3.1)
Investing activities
Capex (PP&E)	(2.6)	(2.3)	(3.6)
Capex (intangibles)	(0.6)	(0.8)	(0.2)
Financing activities
Lease principal paid	(1.3)	(1.3)	(1.2)
Dividends paid	(2.2)	(1.9)	(1.5)
Share buybacks	(2.2)	(2.1)	(1.7)

	H1 Feb 26	vs H1 Feb 25	H2 Aug 25	H1 Feb 25
Operating activities
Cash from operations	4.0	−40%	18.0	6.7
Tax paid	(0.9)	−44%	(1.3)	(1.6)
Investing activities
Capex (PP&E)	(1.2)	+33%	(1.4)	(0.9)
Capex (intangibles)	(0.4)	−33%	(0.2)	(0.6)
Financing activities
Lease principal paid	(0.7)	0%	(0.6)	(0.7)
Dividends paid	(1.5)	+25%	(0.7)	(1.2)
Share buybacks	(1.1)	+10%	(1.1)	(1.0)

	Latest Feb 26	FY Aug 25	FY Aug 24
Non-current assets
Goodwill	39.0	45.3	44.6
Other intangibles	3.2	2.9	2.5
Property, plant & equipment	28.8	29.0	29.7
Current assets
Inventories	12.6	13.9	14.4
Trade receivables	22.6	14.3	14.7
Cash	42.9	44.7	31.8
Current assets	80.9	77.5	–
Current liabilities
Trade payables	21.3	19.7	20.3
Lease liabilities, current	1.1	1.1	1.0
Current liabilities	41.3	36.0	–
Non-current liabilities
Lease liabilities, non-current	2.5	2.2	2.2
Equity
Total equity	126.4	139.9	131.3
Net cash and other figures
Net cash / (debt) ex leases	39.3	41.4	28.6
Undrawn facilities	20.0	20.0	–
Order book	47.0	32.0	30.0

	H1 Feb 26	H2 Aug 25	H1 Feb 25	H2 Aug 24
Non-current assets
Goodwill	39.0	45.3	46.2	44.6
Other intangibles	3.2	2.9	2.8	2.5
Property, plant & equipment	28.8	29.0	29.8	29.7
Current assets
Inventories	12.6	13.9	15.2	14.4
Trade receivables	22.6	14.3	20.5	14.7
Cash	42.9	44.7	30.6	31.8
Current assets	80.9	77.5	70.1	–
Current liabilities
Trade payables	21.3	19.7	21.3	20.3
Lease liabilities, current	1.1	1.1	1.8	1.0
Current liabilities	41.3	36.0	37.4	–
Non-current liabilities
Lease liabilities, non-current	2.5	2.2	1.6	2.2
Equity
Total equity	126.4	139.9	136.0	131.3
Net cash and other figures
Net cash / (debt) ex leases	39.3	41.4	27.2	28.6
Undrawn facilities	20.0	20.0	–	–
Order book	47.0	32.0	42.0	30.0

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.