Discoverie Group

DSCV · Main Market · Industrial Goods and Services · mcap £840m · 880.0p

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Financials · balance sheet 31 Mar 26 · last twelve months · today’s market value

Source: results 03 Jun 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £856.7m
Owner’s net cash: −£80.7m
Net cash / market cap: -9%
EV ex leases: £937.4m
Revenue: £443.3m
Operating profit: £45.2m
Free cash flow after leases: £32.1m
EV / EBIT: 20.7×
FCF yield: 3.7%
ROCE: 9%
Net income (owners): £29.0m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Trading update 24 Jul 26ahead4 figures since the last report

Q1 orders up 31% organically, sales up 6% organically; full year earnings tracking ahead of expectations.

Group orders growth (organic)	31%
Group sales growth (organic)	6%
Sales growth (CER, including acquisitions)	10%
Book to bill	1.15

As stated by the company, unaudited. Read it →

Latest report: FY Mar 26 (twelve months to 31 Mar 26), published 03 Jun 26 · read the results ↗

Source ↗

	2026 £m	2025 £m
Revenue	443.3	422.9
Operating costs	(398.1)	(380.5)
Operating profit	45.2	42.4
Finance income	2.7	3.7
Finance costs	(11.8)	(14.1)
Profit before tax	36.1	32.0
Tax expense	(7.1)	(7.4)
Profit for the year	29.0	24.6
Earnings per share
Basic, profit for the year	30.2p	25.6p
Diluted, profit for the year	29.4p	25.0p

Source ↗

	2026 £m	2025 £m
Non-current assets
Property, plant and equipment	24.0	23.0
Intangible assets - goodwill	249.2	244.2
Intangible assets - other	81.3	92.2
Right-of-use assets	33.3	27.4
Deferred tax assets	7.3	10.1
Total non-current assets	395.1	396.9
Current assets
Inventories	85.4	82.9
Trade and other receivables	85.7	74.4
Current tax assets	3.1	1.5
Cash and cash equivalents	125.3	139.3
Total current assets	299.5	298.1
Total assets	694.6	695.0
Current liabilities
Trade and other payables	(91.9)	(81.1)
Loans and borrowings	(95.6)	(95.0)
Lease liabilities	(6.5)	(6.2)
Current tax liabilities	(8.4)	(8.2)
Provisions	(3.8)	(5.0)
Total current liabilities	(206.2)	(195.5)
Non-current liabilities
Other payables	(0.5)	(6.2)
Loans and borrowings	(110.2)	(138.6)
Lease liabilities	(27.5)	(21.2)
Pension liability	(0.2)	(0.5)
Provisions	(4.3)	(4.0)
Deferred tax liabilities	(17.1)	(21.0)
Total non-current liabilities	(159.8)	(191.5)
Total liabilities	(366.0)	(387.0)
Net assets	328.6	308.0
Equity
Share capital	4.9	4.8
Share premium	192.1	192.0
Merger reserve	2.9	2.9
Currency translation reserve	(3.7)	(5.8)
Retained earnings	132.4	114.1
Total equity	328.6	308.0

Source ↗

	2026 £m	2025 £m
Net cash flow from operating activities	45.3	46.4
Investing activities
Acquisition of businesses, net of cash acquired	(4.7)	(27.7)
Contingent consideration related to business acquisitions	(2.8)	(2.3)
Proceeds from business disposals	-	13.3
Shares issued	0.1	-
Purchase of property, plant and equipment	(5.7)	(5.4)
Purchase of intangible assets - software	(0.9)	(0.7)
Interest received	2.7	3.5
Net cash used in investing activities	(11.3)	(19.3)
Financing activities
Proceeds from borrowings	27.1	37.5
Repayment of borrowings	(57.4)	(33.2)
Payment of lease liabilities	(6.6)	(6.5)
Dividends paid	(12.2)	(11.7)
Net cash used in financing activities	(49.1)	(13.9)
Net (decrease)/increase in cash and cash equivalents	(15.1)	13.2
Net cash and cash equivalents at 1 April	43.7	31.5
Effect of exchange rate fluctuations	0.4	(1.0)
Net cash and cash equivalents at 31 March	29.0	43.7

Source ↗

	Unaudited Six months ended 30 Sept 2025 £m	Unaudited Six months ended 30 Sept 2024 £m	Audited Year ended 31 Mar 2025 £m
Revenue	216.4	211.1	422.9
Operating costs	(194.1)	(190.0)	(380.5)
Operating profit	22.3	21.1	42.4
Finance income	1.5	1.8	3.7
Finance costs	(6.2)	(7.1)	(14.1)
Profit before tax	17.6	15.8	32.0
Tax expense	(4.3)	(3.8)	(7.4)
Profit for the period	13.3	12.0	24.6
Earnings per share
Basic, profit for the period	13.8p	12.5p	25.6p
Diluted, profit for the period	13.5p	12.2p	25.0p

Source ↗

	Unaudited at 30 Sept 2025 £m	Unaudited at 30 Sept 2024 £m	Audited at 31 March 2025 £m
Non-current assets
Property, plant and equipment	23.3	20.2	23.0
Intangible assets - goodwill	244.4	227.2	244.2
Intangible assets - other	83.6	89.4	92.2
Right of use assets	30.4	21.5	27.4
Other receivables	-	0.2	-
Deferred tax assets	9.0	8.3	10.1
Total non-current assets	390.7	366.8	396.9
Current assets
Inventories	84.3	78.7	82.9
Trade and other receivables	74.2	81.7	74.4
Current tax assets	1.3	1.0	1.5
Cash and cash equivalents	140.9	115.6	139.3
Assets held for sale	-	4.9	-
Total current assets	300.7	281.9	298.1
Total assets	691.4	648.7	695.0
Current liabilities
Trade and other payables	(79.2)	(77.8)	(81.1)
Loans and borrowings	(103.9)	(84.4)	(95.0)
Lease liabilities	(6.2)	(5.4)	(6.2)
Current tax liabilities	(8.7)	(8.1)	(8.2)
Provisions	(4.5)	(4.8)	(5.0)
Total current liabilities	(202.5)	(180.5)	(195.5)
Non-current liabilities
Trade and other payables	(0.4)	(0.4)	(6.2)
Loans and borrowings	(127.7)	(129.9)	(138.6)
Pension liability	(0.7)	(0.1)	(0.5)
Lease liabilities	(24.5)	(15.7)	(21.2)
Provisions	(3.9)	(3.8)	(4.0)
Deferred tax liabilities	(18.4)	(21.7)	(21.0)
Total non-current liabilities	(175.6)	(171.6)	(191.5)
Total liabilities	(378.1)	(352.1)	(387.0)
Net assets	313.3	296.6	308.0
Equity
Share capital	4.8	4.8	4.8
Share premium	192.0	192.0	192.0
Merger reserve	2.9	2.9	2.9
Currency translation reserve	(6.3)	(10.9)	(5.8)
Retained earnings	119.9	107.8	114.1
Total equity	313.3	296.6	308.0

Source ↗

	Unaudited Six months ended 30 Sept 2025 £m	Unaudited Six months ended 30 Sept 2024 £m	Audited Year ended 31 Mar 2025 £m
Net cash flow from operating activities	20.5	17.7	46.4
Investing activities
Acquisitions of businesses, net of cash acquired	-	(3.3)	(27.7)
Contingent consideration related to business acquisitions	(2.8)	(1.7)	(2.3)
Proceeds from business disposals	-	2.0	13.3
Purchase of property, plant and equipment	(2.9)	(2.3)	(5.4)
Purchase of intangible assets - software	(0.1)	-	(0.7)
Interest received	1.5	1.8	3.5
Net cash used in investing activities	(4.3)	(3.5)	(19.3)
Financing activities
Proceeds from borrowings	5.0	8.0	37.5
Repayment of borrowings	(16.9)	(10.6)	(33.2)
Payment of lease liabilities	(3.3)	(3.4)	(6.5)
Dividends paid	(8.3)	(7.9)	(11.7)
Net cash used in financing activities	(23.5)	(13.9)	(13.9)
Net (decrease)/increase in cash and cash equivalents	(7.3)	0.3	13.2
Cash and cash equivalents at beginning of period	43.7	31.5	31.5
Effect of exchange rate fluctuations	0.3	(1.1)	(1.0)
Net cash and cash equivalents at end of period	36.7	30.7	43.7

	FY Mar 26	FY Mar 25
Revenue to operating profit
Revenue	443.3	422.9
Adjusted EBITDA	67.6	68.1
Adjusted operating profit	61.0	60.5
Operating profit	45.2	42.4
Operating profit to net income
Finance costs	(11.8)	(14.1)
Profit before tax	36.1	32.0
Tax	(7.1)	(7.4)
Net income (owners)	29.0	24.6
Per share
EPS basic	30.2p	25.6p
EPS diluted	29.4p	25.0p
Dividend per share	13.0p	12.5p

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue to operating profit
Revenue	226.9	216.4	211.8	211.1
Adjusted operating profit	30.8	30.2	31.4	29.1
Operating profit	22.9	22.3	21.3	21.1
Operating profit to net income
Finance costs	(5.6)	(6.2)	(7.0)	(7.1)
Profit before tax	18.5	17.6	16.2	15.8
Tax	(2.8)	(4.3)	(3.6)	(3.8)
Net income (owners)	15.7	13.3	12.6	12.0
Per share
EPS basic	16.4p	13.8p	13.1p	12.5p
EPS diluted	15.9p	13.5p	12.8p	12.2p
Dividend per share	8.9p	4.0p	8.6p	3.9p

	FY Mar 26	FY Mar 25
Operating activities
Cash from operations	45.3	46.4
Investing activities
Capex (PP&E)	(5.7)	(5.4)
Capex (intangibles)	(0.9)	(0.7)
Financing activities
Lease principal paid	(6.6)	(6.5)
Dividends paid	(12.2)	(11.7)

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Operating activities
Cash from operations	24.8	20.5	28.7	17.7
Investing activities
Capex (PP&E)	(2.8)	(2.9)	(3.1)	(2.3)
Capex (intangibles)	(0.8)	(0.1)	–	–
Financing activities
Lease principal paid	(3.3)	(3.3)	(3.1)	(3.4)
Dividends paid	(3.9)	(8.3)	(3.8)	(7.9)

	31 Mar 26	31 Mar 25
Non-current assets
Goodwill	249.2	244.2
Other intangibles	81.3	92.2
Property, plant & equipment	24.0	23.0
Non-current assets	395.1	396.9
Current assets
Inventories	85.4	82.9
Trade receivables	85.7	74.4
Cash	125.3	139.3
Current assets	299.5	298.1
Total assets	694.6	695.0
Current liabilities
Trade payables	91.9	81.1
Borrowings, current	95.6	95.0
Lease liabilities, current	6.5	6.2
Current liabilities	206.2	195.5
Non-current liabilities
Borrowings, non-current	110.2	138.6
Lease liabilities, non-current	27.5	21.2
Pension surplus / (deficit)	(0.2)	(0.5)
Non-current liabilities	159.8	191.5
Total liabilities	366.0	387.0
Equity
Total equity	328.6	308.0
Net cash and other figures
Net cash / (debt) ex leases	(80.5)	(94.3)
Shares in issue	–	96.4m

	31 Mar 26	30 Sep 25	31 Mar 25	30 Sep 24
Non-current assets
Goodwill	249.2	244.4	244.2	227.2
Other intangibles	81.3	83.6	92.2	89.4
Property, plant & equipment	24.0	23.3	23.0	20.2
Non-current assets	395.1	–	396.9	–
Current assets
Inventories	85.4	84.3	82.9	78.7
Trade receivables	85.7	74.2	74.4	81.7
Cash	125.3	140.9	139.3	115.6
Current assets	299.5	–	298.1	–
Total assets	694.6	691.4	695.0	648.7
Current liabilities
Trade payables	91.9	79.2	81.1	77.8
Borrowings, current	95.6	103.9	95.0	84.4
Lease liabilities, current	6.5	6.2	6.2	5.4
Current liabilities	206.2	–	195.5	–
Non-current liabilities
Borrowings, non-current	110.2	127.7	138.6	129.9
Lease liabilities, non-current	27.5	24.5	21.2	15.7
Pension surplus / (deficit)	(0.2)	(0.7)	(0.5)	(0.1)
Non-current liabilities	159.8	–	191.5	–
Total liabilities	366.0	378.1	387.0	352.1
Equity
Total equity	328.6	313.3	308.0	296.6
Net cash and other figures
Net cash / (debt) ex leases	(80.5)	(90.7)	(94.3)	–
Shares in issue	–	96.4m	96.4m	–
Order book	–	157.0	–	–

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

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Company filings. Not investment advice.