FIH Group

FIH · AIM · Industrial Goods and Services · mcap £16m · 130.0p

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Financials · LTM to 31 Mar 26

Source: results 28 Aug 26 ↗

Revenue: £37.4m
Operating profit: −£2.1m
Net income: £5.7m
Free cash flow: −£2.5m
Net debt: £711k
£5.00m paid to shareholders after 31 Mar 26 (14 Jul 2026) – source
Market cap: £16.3m
EV / EBIT: –
FCF yield: −15.2%
Price / book: 0.5×

Latest half-year · H1 Sep 25 vs H1 Sep 24 results 26 Nov 25 ↗

Revenue: £18.9m
Operating profit: −£1.9m
Net income: −£1.9m
Cash from operations: −£2.2m

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, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: FY Mar 26 (twelve months to 31 Mar 26), published 28 Aug 26 · read the results ↗

	FY Mar 26 source	FY Mar 25£'000 source
Revenue	4,280	40,850
Cost of sales	(1,789)	(27,226)
Gross profit	2,491	13,624
Operating expenses	–	(19,163)
Operating loss before non-trading items	–	(5,539)
Non-trading items	–	(196)
Administrative expenses	(1,735)	–
Operating profit	756	(5,735)
Net finance expense*	–	(914)
Finance costs	(223)	–
Profit before tax	533	(6,649)
Taxation	(257)	1,518
Loss attributable to equity holders of the company	–	(5,131)
Underlying loss before tax	–	(6,198)
Profit after tax	276	–
Gain on disposal	-	–
Profit after tax from discontinued operations	276	–
Details of the sale of discontinued operations
Detail of sale of discontinued operations £'000
Total disposal consideration, net of cash held and costs of disposal	9,400	–
Carrying amount of net assets sold	(1,862)	–
Gain on sale before income tax	7,538	–
Income tax expense on gain	-	–
Gain on sale after income tax	7,538	–
Assets and liabilities of discontinued operations
28 February 2026 £'000
Property, plant and equipment	7,906	–
Inventories	62	–
Trade and other receivables	94	–
Total assets	8,062	–
Trade and other payables	(542)	–
Interest bearing loans and liabilities	(4,427)	–
Deferred tax	(1,231)	–
Total liabilities	(6,200)	–
Total net assets	1,862	–
11. Earnings per share
Basic	–	(41.0)p
Diluted	–	(41.0)p
2026 £'000 2025 £'000
Loss on ordinary activities after taxation from continuing operations	(5,407)	–
Proﬁt on ordinary activities after taxation from discontinued operations	276	–
Proﬁt / (Loss) on ordinary activities after taxation from total operations	(5,131)	–
2026 Number 2025 Number
Average number of shares in issue	12,519,900	–
Diluted weighted average number of shares	12,519,900	–
2026 £'000 2025 £'000
Basic earnings per share from continuing operations	(43.2)p	–
Diluted earnings per share from continuing operations	(43.2)p	–
Basic earnings per share from total operations	(41.0)p	–
Diluted earnings per share from total operations	(41.0)p	–
Earnings per share on underlying loss
2026 £'000 2025 £'000
Underlying loss before tax from continuing operations (see note	(6,731)	–
Underlying taxation	1,663	–
Underlying loss from continuing operations	(5,068)	–
Effective tax rate	24.7%	–
Weighted average number of shares in issue (from above)	12,519,900	–
Diluted weighted average number of shares (from above)	12,519,900	–
Basic earnings per share on underlying (loss) / proﬁt	(40.5p)	–
Diluted earnings per share on underlying (loss) / proﬁt	(40.5p)	–
12. Intangible assets
Computer Software £'000 Brand name £'000 Goodwill £'000 Total £'000
Cost
At 1 April 2024	15,238	–
Additions	49	–
At 31 March 2025	15,287	–
Additions	27	–
Disposals	(37)	–
At 31 March 2026	15,277	–
Accumulated amortisation and impairment
At 1 Apr 2024	10,831	–
Amortisation	42	–
At 31 March 2025	10,873	–
Amortisation	84	–
Impairment	2,077	–
Disposals	(37)	–
At 31 March 2026	12,997	–
Net book value
At 31 March 2025	4,414	–
At 31 March 2026	2,280	–
Goodwill
Art Logistics and Storage £'000 Falkland Islands £'000 Total £'000
Goodwill at 1 April 2024	2,114	–
Goodwill at 31 March 2025	2,114	–
Goodwill at 31 March 2026	37	–
Impairment
13. Property, plant and equipment
Group
Cost
At 1 April 2024	60,325	–
Additions	1,489	–
Disposals	(122)	–
Reclassiﬁcation	-	–
At 31 March 2025	61,692	–
Additions - cash	707	–
Additions - non cash	15,284	–
Disposals	(38,267)	–
Reclassiﬁcation*	-	–

	H2 Mar 26 calc.	H1 Sep 25£'000 source	H2 Mar 25£'000 calc.	H1 Sep 24£'000 source
Revenue	(14,668)	18,948	22,697	18,153
Cost of sales	9,242	(11,031)	(14,355)	(12,871)
Gross profit	(5,426)	7,917	8,342	5,282
Operating expenses	–	(8,890)	(8,344)	(10,819)
Operating loss before non-trading items	–	(973)	(2)	(5,537)
Non-trading items	–	(960)	(177)	(19)
Operating loss	2,689	(1,933)	(179)	(5,556)
Net finance expense*	–	(608)	(370)	(544)
Loss before tax	3,074	(2,541)	(549)	(6,100)
Taxation	(891)	634	(209)	1,727
Loss attributable to equity holders of the company	–	(1,907)	(758)	(4,373)
Underlying loss before tax	–	(1,406)	(338)	(5,860)
Basic	–	(15.2)p	–	(34.9)p
Diluted	–	(15.2)p	–	(34.9)p

	31 Mar 26£'000 source	31 Mar 25£'000 source
Non-current assets
Intangible assets	2,280	4,414
Property, plant and equipment	24,615	37,750
Investment properties	7,322	7,503
Investment in joint venture	259	259
Trade and other receivables due in more than one year	789	-
Finance lease receivable	459	420
Deferred tax assets	258	265
Derivative financial instruments	-	1,101
Total non-current assets	35,982	51,712
Current assets
Inventories	3,959	4,232
Trade and other receivables	7,087	7,479
Finance lease receivable	437	389
Corporation tax receivable	164	165
Cash and cash equivalents	17,835	7,846
Total current assets	29,482	20,111
TOTAL ASSETS	65,464	71,823
Current liabilities
Trade and other payables	(11,066)	(13,095)
Interest-bearing loans and borrowings	(964)	(1,269)
Corporation tax payable	(125)	(280)
Total current liabilities	(12,155)	(14,644)
Non-current liabilities
Interest-bearing loans and borrowings	(17,582)	(15,502)
Employee benefits	(993)	(1,019)
Deferred tax liabilities	(680)	(2,726)
Total non-current liabilities	(19,255)	(19,247)
TOTAL LIABILITIES	(31,410)	(33,891)
Net assets	34,054	37,932
Capital and reserves
Equity share capital	1,251	1,251
Share premium account	17,590	17,590
Other reserves	703	703
Retained earnings	14,510	18,431
Hedging reserve	-	(43)
Total equity	34,054	37,932

	31 Mar 26£'000 source	30 Sep 25£'000 source	31 Mar 25£'000 source	30 Sep 24£'000 source
Non-current assets
Intangible assets	2,280	267	4,414	4,429
Property, plant and equipment	24,615	36,791	37,750	38,270
Investment properties	7,322	7,409	7,503	7,714
Investment in joint venture	259	259	259	259
Hire purchase lease receivables	–	246	–	497
Trade and other receivables due in more than one year	789	–	-	–
Finance lease receivable	459	–	420	–
Deferred tax assets	258	265	265	2,071
Derivative financial instruments	-	-	1,101	1,113
Total non-current assets	35,982	45,237	51,712	54,353
Current assets
Inventories	3,959	5,456	4,232	5,815
Trade and other receivables	7,087	7,268	7,479	4,632
Hire purchase lease receivables	–	418	–	462
Finance lease receivable	437	–	389	–
Corporation tax receivable	164	165	165	-
Cash and cash equivalents	17,835	16,211	7,846	8,480
Total current assets	29,482	29,518	20,111	19,389
TOTAL ASSETS	65,464	74,755	71,823	73,742
Current liabilities
Trade and other payables	(11,066)	(11,566)	(13,095)	(8,994)
Interest-bearing loans and borrowings	(964)	(1,407)	(1,269)	(1,568)
Corporation tax payable	(125)	(675)	(280)	-
Total current liabilities	(12,155)	(13,648)	(14,644)	(10,562)
Non-current liabilities
Interest-bearing loans and borrowings	(17,582)	(22,339)	(15,502)	(16,110)
Employee benefits	(993)	(1,003)	(1,019)	(1,631)
Deferred tax liabilities	(680)	(1,697)	(2,726)	(4,677)
Total non-current liabilities	(19,255)	(25,039)	(19,247)	(22,418)
TOTAL LIABILITIES	(31,410)	(38,687)	(33,891)	(32,980)
Net assets	34,054	36,068	37,932	40,762
Capital and reserves
Equity share capital	1,251	1,251	1,251	1,251
Share premium account	17,590	17,590	17,590	17,590
Other reserves	703	703	703	703
Retained earnings	14,510	16,524	18,431	21,283
Hedging reserve	-	-	(43)	(65)
Total equity	34,054	36,068	37,932	40,762

	FY Mar 26£'000 source	FY Mar 25£'000 source
Cash flows from operating activities
Loss for the year after taxation	(2,229)	(5,407)
Adjusted for
Cash items
Bank interest payable	213	351
Bank interest receivable	(88)	(40)
Non-cash items
Amortisation	84	42
Depreciation: property, plant and equipment	2,373	1,901
Depreciation: investment properties	211	217
Interest cost on pension scheme liabilities	53	68
Equity-settled share-based payment income	-	(14)
Fair value movement in derivative financial instrument	175	255
Profit on disposal of property, plant and equipment	(40)	-
Exchange loss on cash balances	25	40
Lease liability finance expense	441	45
(Increase) / decrease in finance lease receivable	(87)	151
Impairment of goodwill	2,077	-
Gain on sale of Leyton	(221)	-
Corporation and deferred income	(643)	(1,775)
Cash and non-cash items	4,573	1,241
Operating cash flow before changes in working capital	2,344	(4,166)
(Increase) / decrease in trade and other receivables	(753)	3,507
Decrease in inventories	216	2,449
(Decrease) / increase in trade and other payables	(2,019)	2,008
Changes in working capital	(2,556)	7,964
Cash generated from operations	(212)	3,798
Payments to pensioners	(104)	(553)
Corporation taxes paid	-	(44)
Net cashflow from continuing operating activities	(316)	3,201
Net cashflow from discontinued operations	1,349	882
Cash flows from investing activities
Purchase of property, plant and equipment	(620)	(1,359)
Purchase of intangibles	(27)	(49)
Purchase of investment properties	(30)	(10)
Disposal of fixed assets	162	-
Sale of Leyton	21,686	-
Bank interest received	88	40
Net cash flow from continuing investing activities	21,259	(1,378)
Investing activities cash flow from discontinued operations	9,313	(130)
Continued on next page.
Consolidated Cash Flow Statement
FOR THE YEAR ENDED 31 MARCH 2026
Notes 2026 £'000 2025 £'000
Cash flow from financing activities
Liquidation of swap	969	-
Repayment of bank loans	(11,136)	(705)
Bank interest paid	(213)	(351)
Repayment of lease liabilities principal	(1,061)	(495)
Lease liabilities interest paid	(441)	(45)
Dividends paid	(9,609)	(2,097)
Net cash flow from continuing financing activities	(21,491)	(3,693)
Financing activities cash flow from discontinued operations	(100)	(646)
Net increase / (decrease) in cash and cash equivalents	10,014	(1,764)
Cash and cash equivalents at start of year	7,846	9,650
Exchange losses on cash balances	(25)	(40)
Cash and cash equivalents at end of year	17,835	7,846
The accompanying notes form part of these Financial Statements.
Company Cash Flow Statement
FOR THE YEAR ENDED 31 MARCH 2026
Notes 2026 £'000 2025 £'000
Cash flows from operating activities
Company profit / (loss) for the year	5,974	(99)
Adjusted for
Bank interest receivable	(88)	(40)
Bank interest payable	221	349
Fair value movement in financial derivative instrument	175	255
Equity-settled share-based payment income	-	(14)
Depreciation: investment properties	88	203
Impairment of investment in subsidiary	4,402	-
Gain on disposal of property, plant and equipment	(221)	-
Gain on disposal of Ferry	(3,608)	-
Corporation and deferred tax expense	136	18
Cash and non-cash items	1,105	771
Operating cash flow before changes in working capital	7,079	672
Decrease in trade and other receivables	(793)	(20)
Increase in trade and other payables	1,128	97
Changes in working capital	335	77
Cash generated from operations	7,414	749
Corporation taxes (paid) / received	(244)	13
Net cash flow from operating activities	7,170	762
Cash flow from investing activities
Bank interest received	88	40
Purchase of property, plant and equipment	(4)	-
Disposal of property, plant and equipment	18,471	-
Disposal of subsidiary	10,684	-
Net cash flow from investing activities	29,239	40
Cash flow from financing activities
Liquidation of swap	969	-
Bank loan repaid	(11,026)	(597)

	H2 Mar 26£'000 calc.	H1 Sep 25£'000 source	H2 Mar 25£'000 calc.	H1 Sep 24£'000 source
Loss for the period after taxation	–	(1,907)	–	(4,373)
Bank interest payable	(9)	222	158	193
Bank interest receivable	(88)	-	(40)	-
Amortisation	45	39	26	16
Depreciation: Property, plant and equipment	1,007	1,366	671	1,230
Depreciation: Investment properties	117	94	199	18
Interest cost on pension scheme liabilities	17	36	32	36
Equity-settled share-based payment expenses	–	-	–	42
Fair value movement in derivative financial instrument	-	175	34	221
(Gain) / loss on disposal of fixed assets	–	(3,437)	–	3
Impairment of goodwill	(2,038)	4,115	-	-
Exchange losses	–	-	–	-
Lease liability finance expense	266	175	(88)	133
Decrease in hire purchase leases receivable	–	145	–	1
Corporation and deferred tax expense / (credit)	–	(634)	–	(1,727)
Cash and Non-cash items	2,277	2,296	1,075	166
Operating cash flow before changes in working capital	1,955	389	41	(4,207)
Decrease in trade and other receivables	(964)	211	(2,848)	6,355
(Increase) / decrease in inventories	1,440	(1,224)	1,566	883
(Decrease) / increase in trade and other payables	(490)	(1,529)	4,125	(2,117)
Changes in working capital	(14)	(2,542)	2,843	5,121
Cash generated from operations	1,941	(2,153)	2,884	914
Payments to pensioners	(52)	(52)	(501)	(52)
Corporation taxes (paid) / received	(244)	-	116	(103)
Net cash flow from operating activities	9,375	(2,205)	3	759
Purchase of property, plant and equipment	(241)	(379)	(519)	(840)
Purchase of intangibles	(20)	(7)	(12)	(37)
Purchase of investment properties	(30)	-	12	(22)
Proceeds from the sale of property, plant and equipment	–	21,792	–	-
Bank interest received	88	-	40	-
Net cash flow from investing activities	7,833	21,406	939	(899)
Repayment of bank loans	15	(11,151)	(202)	(503)
Bank interest paid	9	(222)	(158)	(193)
Repayment of lease liabilities principal	(804)	(257)	(294)	(201)
Lease liabilities interest paid	(266)	(175)	88	(133)
Liquidation of derivative financial instrument	–	969	–	-
Dividends paid	(9,609)	-	(2,097)	-
Net cash flow from financing activities	–	(10,836)	–	(1,030)
Net increase / (decrease) in cash and cash equivalents	1,649	8,365	(594)	(1,170)
Cash and cash equivalents at start of year	-	7,846	-	9,650
Exchange losses on cash balances	(25)	-	(40)	-
Cash and cash equivalents at end of year	1,624	16,211	(634)	8,480

	FY Mar 26	FY Mar 25
Revenue to operating profit
Revenue	37.4	36.6^r
Gross profit	14.8	11.1^r
Adjusted EBITDA	3.0	(4.1)
Adjusted operating profit	0.3	(6.3)^r
Exceptional / adjusting items	–	(0.2)
Operating profit	(2.1)	(6.5)^r
Depreciation (owned assets)	2.4	1.9^r
Amortisation	0.1	0.0
Share-based payments	–	(0.0)
Operating profit to net income
Finance costs	–	(0.9)
Profit before tax	(2.9)	(7.2)^r
Tax	0.6	1.8^r
Net income (owners)	5.7	(5.1)
Discontinued operations	7.9	0.3
Per share
EPS basic	45.4p	(41.0p)
EPS diluted	45.4p	(41.0p)

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue to operating profit
Revenue	18.5	18.9	18.4	18.2
Gross profit	6.9	7.9	5.9	5.3
Adjusted operating profit	1.3	(1.0)	(0.8)	(5.5)
Exceptional / adjusting items	–	(1.0)	(0.2)	(0.0)
Operating profit	(0.1)	(1.9)	(0.9)	(5.6)
Depreciation (owned assets)	1.0	1.4	0.7	1.2
Amortisation	0.0	0.0	0.0	0.0
Share-based payments	–	0.0	(0.1)	0.0
Operating profit to net income
Finance costs	–	(0.6)	(0.4)	(0.5)
Profit before tax	(0.3)	(2.5)	(1.1)	(6.1)
Tax	0.0	0.6	0.0	1.7
Net income (owners)	7.6	(1.9)	(0.8)	(4.4)
Per share
EPS basic	60.6p	(15.2p)	(6.1p)	(34.9p)
EPS diluted	60.6p	(15.2p)	(6.1p)	(34.9p)

	FY Mar 26	FY Mar 25
Operating activities
Cash from operations	(0.3)	3.2^r
Interest paid	(0.2)	(0.4)
Tax paid	0.0	(0.0)^r
Investing activities
Capex (PP&E)	(0.6)	(1.4)^r
Capex (intangibles)	(0.0)	(0.0)
Financing activities
Lease principal paid	(1.1)	(0.5)^r
Lease interest paid	(0.4)	(0.0)^r
Dividends paid	(9.6)	(2.1)

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Operating activities
Cash from operations	1.9	(2.2)	2.4	0.8
Interest paid	0.0	(0.2)	(0.2)	(0.2)
Tax paid	0.0	0.0	0.1	(0.1)
Investing activities
Capex (PP&E)	(0.2)	(0.4)	(0.5)	(0.8)
Capex (intangibles)	(0.0)	(0.0)	(0.0)	(0.0)
Financing activities
Lease principal paid	(0.8)	(0.3)	(0.3)	(0.2)
Lease interest paid	(0.3)	(0.2)	0.1	(0.1)
Dividends paid	(9.6)	0.0	(2.1)	0.0

	31 Mar 26	31 Mar 25
Non-current assets
Other intangibles	2.3	4.4
Property, plant & equipment	24.6	37.8
Investment property	7.3	7.5
Associates & JVs	0.3	0.3
Non-current assets	36.0	51.7
Current assets
Inventories	4.0	4.2
Trade receivables	7.1	7.5
Cash	17.8	7.8
Current assets	29.5	20.1
Total assets	65.5	71.8
Current liabilities
Trade payables	11.1	13.1
Borrowings, current	1.0	1.3
Current liabilities	12.2	14.6
Non-current liabilities
Borrowings, non-current	17.6	15.5
Pension surplus / (deficit)	–	(1.0)
Non-current liabilities	19.3	19.2
Total liabilities	31.4	33.9
Equity
Total equity	34.1	37.9
Net cash and other figures
Net cash / (debt) ex leases	17.7	(3.5)^r
Net cash / (debt) incl. leases	(0.7)	(8.9)

	31 Mar 26	30 Sep 25	31 Mar 25	30 Sep 24
Non-current assets
Other intangibles	2.3	0.3	4.4	4.4
Property, plant & equipment	24.6	36.8	37.8	38.3
Investment property	7.3	7.4	7.5	7.7
Associates & JVs	0.3	0.3	0.3	0.3
Non-current assets	36.0	45.2	51.7	54.4
Current assets
Inventories	4.0	5.5	4.2	5.8
Trade receivables	7.1	7.3	7.5	4.6
Cash	17.8	16.2	7.8	8.5
Current assets	29.5	29.5	20.1	19.4
Total assets	65.5	74.8	71.8	73.7
Current liabilities
Trade payables	11.1	11.6	13.1	9.0
Borrowings, current	1.0	1.4	1.3	1.6
Current liabilities	12.2	13.6	14.6	10.6
Non-current liabilities
Borrowings, non-current	17.6	22.3	15.5	16.1
Pension surplus / (deficit)	–	(1.0)	(1.0)	(1.6)
Non-current liabilities	19.3	25.0	19.2	22.4
Total liabilities	31.4	38.7	33.9	33.0
Equity
Total equity	34.1	36.1	37.9	40.8
Net cash and other figures
Net cash / (debt) ex leases	17.7	16.1	(3.5)^r	(3.3)
Net cash / (debt) incl. leases	(0.7)	(7.5)	(8.9)	(9.2)

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

Company filings. Not investment advice.