Altitude Group

ALT · AIM · Technology · mcap £15m · 20.5p

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Financials · LTM to 30 Sep 25

Source: results 27 Nov 25 ↗

Revenue: £30.9m
Operating profit: −£15k
Net income: £459k
Free cash flow: −£1.0m
Net debt: £1.7m
Market cap: £15.0m
EV / EBIT: –
FCF yield: −6.8%
Price / book: 1.3×

Latest half-year · H1 Sep 25 vs H1 Sep 24 results 27 Nov 25 ↗

Revenue: £16.1m
Operating profit: −£394k
Net income: −£406k
Cash from operations: −£1.1m

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

As reported Key figures · multi-year

Income statement Balance sheet Cash flow

Half-year Results, published 27 Nov 25 · read the announcement ↗

Condensed Consolidated income statement for the six months ended 30 September 2025

	Unaudited 6 months 30 Sep 2025 $000	Unaudited 6 months 30 Sep 2024 1 $000	Audited 12 months 31 Mar 2025 $000
Revenue	21,554	18,337	37,257
Cost of sales	(13,832)	(11,652)	(23,096)
Gross profit	7,722	6,685	14,161
Administrative expenses before share-based payment charges, depreciation, amortisation and exceptional expenses	(6,116)	(5,201)	(10,509)
Operating profit before share-based payment charges, depreciation, amortisation and exceptional charges	1,606	1,484	3,652
Share based payment charges	(255)	(311)	(600)
Depreciation and amortisation	(1,063)	(970)	(2,077)
Exceptional charges	(817)	(126)	(414)
Total administrative expenses	(8,251)	(6,608)	(13,600)
Operating (loss)/profit	(529)	77	561
Finance expenses	(62)	(22)	(140)
(Loss)/profit before taxation	(591)	55	421
Taxation	46	27	765
(Loss)/profit attributable to the equity shareholders of the Company	(545)	82	1,186
- Basic (pence)	(0.56p)	0.08p	1.28p
- Diluted (pence)	(0.56p)	0.08p	1.27p
- Basic (cents)	(0.75c)	0.11c	1.64c
- Diluted (cents)	(0.75c)	0.11c	1.62c

Condensed Consolidated balance sheet as at 30 September 2025

	Unaudited 6 months 30 Sep 2025 $000	Unaudited 6 months 30 Sep 2024 1 $000	Audited 12 months 31 Mar 2025 $000
ASSETS
Non-current assets
Goodwill	3,508	3,666	3,650
Intangibles	4,994	4,348	4,322
Property, plant & equipment	640	573	586
Right of use assets	93	239	155
Deferred tax assets	2,018	872	2,044
Total non-current assets	11,253	9,698	10,757
Current assets
Inventory	3,045	1,954	2,506
Trade and other receivables	9,622	8,922	7,725
Corporation tax receivable	186	230	86
Cash and cash equivalents	675	419	676
Total current assets	13,528	11,525	10,993
Total assets	24,781	21,223	21,750
LIABILITIES
Current liabilities
Revolving facility	(2,997)	(1,200)	-
Trade and other payables	(5,992)	(5,809)	(5,980)
Total current liabilities	(8,989)	(7,009)	(5,980)
Net current assets	4,539	4,516	5,013
Non-current liabilities
Deferred tax liabilities	(423)	-	(490)
Lease liabilities	(254)	(184)	(50)
Total non-current liabilities	(677)	(184)	(540)
Total liabilities	(9,666)	(7,193)	(6,520)
Net assets	15,115	14,030	15,230
EQUITY
Called up share capital	459	451	457
Share premium	29,120	29,120	29,120
Retained losses and foreign exchange	(14,464)	(15,541)	(14,347)
Total equity attributable to equity holders of the Company	15,115	14,030	15,230

Condensed Consolidated cash flow statement for the six months ended 30 September 2025

	Unaudited 6 months 30 Sep 2025 $000	Unaudited 6 months 30 Sep 2024 1 $000	Audited 12 months 31 Mar 2025 $000
Operating (Loss)/profit	(529)	77	561
Amortisation of intangible assets	907	777	1,701
Depreciation	156	193	376
Share based payment charges	255	311	600
Loss on disposal of fixed assets	-	-	15
Loss on disposal of intangible assets	-	-	41
Exceptional charges	817	126	414
Operating cash flow before changes in working capital and exceptionals	1,606	1,484	3,708
Movement in Inventory	(964)	(636)	(1,188)
Movement in trade and other receivables	(2,419)	(2,893)	(1,708)
Movement in trade and other payables	663	1,282	1,497
Changes in working capital	(2,720)	(2,247)	(1,399)
Net operating cash flow before exceptional items	(1,114)	(763)	2,309
Exceptional charges	(285)	(126)	(414)
Net operating cash flow activities after exceptional items	(1,399)	(889)	1,895
Income tax received	(31)	-	129
Net cash flow from operating activities	(1,430)	(889)	2,024
Cash flows from investing activities
Purchase of tangible assets	(137)	(283)	(426)
Purchase of intangible assets	(1,311)	(1,001)	(2,095)
Proceeds of disposal of trade and assets	-	-	73
Net cash flow from investing activities	(1,448)	(1,284)	(2,448)
Cash flows from financing activities
Repayment of lease borrowings	(92)	(119)	(243)
Lease interest paid	(7)	(15)	(22)
Other interest paid	(55)	(7)	(121)
Drawdown of Revolving facility	2,997	1,200	-
Net cash flow from financing activities	2,843	1,059	(386)
Net decrease in cash and cash equivalents	(35)	(1,114)	(810)
Cash and cash equivalents at the beginning of the period	676	1,541	1,541
Effect of foreign exchange rate changes on cash and cash equivalents	34	(8)	(55)
Net decrease in cash and cash equivalents	(35)	(1,114)	(810)
Cash and cash equivalents at the end of the period	675	419	676

As published in the company's results announcement: every line, heading and subtotal, read automatically from the text. Figures in brackets are negative; units as stated in the column headings.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 Sep 25 (six months to 30 Sep 25), published 27 Nov 25 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Sep 25	FY Mar 25
Revenue to operating profit
Revenue	30.9	29.2
Gross profit	11.6	11.1
Adjusted operating profit	2.9	2.9
Exceptional / adjusting items	(0.8)	(0.3)
Operating profit	(0.0)	0.4
Depreciation (owned assets)	0.3	0.3
Amortisation	1.4	1.3
Share-based payments	(0.4)	(0.5)
Operating profit to net income
Finance costs	(0.1)	(0.1)
Profit before tax	(0.2)	0.3
Tax	0.6	0.6
Net income (owners)	0.5	0.9
Per share
EPS basic	0.5p	1.0p
EPS diluted	0.5p	1.0p

	H1 Sep 25	vs H1 Sep 24	H2 Mar 25	H1 Sep 24
Revenue to operating profit
Revenue	16.1	+12%	14.9	14.3
Gross profit	5.8	+10%	5.9	5.2
Adjusted operating profit	1.2	+3%	1.7	1.2
Exceptional / adjusting items	(0.6)	n/m	(0.2)	(0.1)
Operating profit	(0.4)	n/m	0.4	0.1
Depreciation (owned assets)	0.1	−23%	0.1	0.2
Amortisation	0.7	+11%	0.7	0.6
Share-based payments	(0.2)	−22%	(0.2)	(0.2)
Operating profit to net income
Finance costs	(0.0)	n/m	(0.1)	(0.0)
Profit before tax	(0.4)	n/m	0.3	0.0
Tax	0.0	n/m	0.6	0.0
Net income (owners)	(0.4)	n/m	0.9	0.1
Per share
EPS basic	(0.4p)	–	0.9p	0.1p
EPS diluted	(0.4p)	–	0.9p	0.1p

	LTM Sep 25	FY Mar 25
Operating activities
Cash from operations	1.2	1.6
Interest paid	(0.1)	(0.1)
Investing activities
Capex (PP&E)	(0.2)	(0.3)
Capex (intangibles)	(1.8)	(1.6)
Financing activities
Lease principal paid	(0.2)	(0.2)
Lease interest paid	(0.0)	(0.0)

	H1 Sep 25	vs H1 Sep 24	H2 Mar 25	H1 Sep 24
Operating activities
Cash from operations	(1.1)	n/m	2.3	(0.7)
Interest paid	(0.0)	n/m	(0.1)	(0.0)
Investing activities
Capex (PP&E)	(0.1)	−54%	(0.1)	(0.2)
Capex (intangibles)	(1.0)	+25%	(0.9)	(0.8)
Financing activities
Lease principal paid	(0.1)	n/m	(0.1)	(0.1)
Lease interest paid	(0.0)	n/m	(0.0)	(0.0)

	Latest Sep 25	FY Mar 25
Non-current assets
Goodwill	2.6	2.8
Other intangibles	3.7	3.3
Property, plant & equipment	0.5	0.5
Non-current assets	8.4	8.3
Current assets
Inventories	2.3	1.9
Trade receivables	7.2	6.0
Cash	0.5	0.5
Current assets	10.1	8.5
Total assets	18.4	16.8
Current liabilities
Trade payables	4.5	4.6
Borrowings, current	2.2	–
Current liabilities	6.7	4.6
Non-current liabilities
Lease liabilities, non-current	0.2	0.0
Non-current liabilities	0.5	0.4
Total liabilities	7.2	5.0
Equity
Total equity	11.2	11.8

	H1 Sep 25	H2 Mar 25	H1 Sep 24
Non-current assets
Goodwill	2.6	2.8	2.7
Other intangibles	3.7	3.3	3.2
Property, plant & equipment	0.5	0.5	0.4
Non-current assets	8.4	8.3	7.2
Current assets
Inventories	2.3	1.9	1.5
Trade receivables	7.2	6.0	6.7
Cash	0.5	0.5	0.3
Current assets	10.1	8.5	8.6
Total assets	18.4	16.8	15.9
Current liabilities
Trade payables	4.5	4.6	4.3
Borrowings, current	2.2	–	0.9
Current liabilities	6.7	4.6	5.2
Non-current liabilities
Lease liabilities, non-current	0.2	0.0	0.1
Non-current liabilities	0.5	0.4	0.1
Total liabilities	7.2	5.0	5.4
Equity
Total equity	11.2	11.8	10.5

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.