Manolete Partners

MANO · AIM · Financial Services · mcap £16m · 37.0p

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Financials · LTM to 31 Mar 26

Source: results 25 Jun 26 ↗

Revenue: £27.9m
Operating profit: £2.7m
Net income: £1.1m
Free cash flow: £887k
Net debt: £11.5m
Market cap: £16.3m
EV / EBIT: 10.2×
FCF yield: +5.5%
Price / book: 0.4×

Latest half-year · H1 Sep 25 vs H1 Sep 24 results 19 Nov 25 ↗

Revenue: £12.7m
Operating profit: £91k
Net income: −£476k
Cash from operations: £970k

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 25 Jun 26 · read the results ↗

	FY Mar 26'000 source	FY Mar 25'000 source
Realised Revenue	27,877	29,793
Costs related to Realised Revenue	(17,457)	(20,159)
Gross Profit on Realised Cases	10,420	9,634
Gross Profit on Unrealised Cases	2,735	1,006
Gross Profit	13,155	10,640
Operating expenses	(10,423)	(7,463)
Operating profit	2,732	3,177
Finance income	7	22
Finance expense	(1,118)	(1,643)
Profit before tax	1,621	1,556
Analysed as
Adjusted Realised Profit Before Tax	113	848
Gross profit on unrealised cases	2,735	1,006
Adjusted Profit Before Tax	2,848	1,854
Adjusting items	(1,227)	(298)
Profit Before Tax	1,621	1,556
Taxation	(527)	(454)
Profit and total comprehensive income for the year	1,094	1,102
Earnings per share
Basic (pence per share)	2.50p	2.52p
Diluted (pence per share)	2.46p	2.48p

	H2 Mar 26'000 calc.	H1 Sep 25'000 source	H2 Mar 25'000 calc.	H1 Sep 24'000 source
Revenue	–	12,715	–	14,402
Cost of sales	–	(8,761)	–	(10,013)
Gross Profit	9,201	3,954	6,251	4,389
Administrative expenses	–	(3,863)	–	(3,731)
Operating Profit	2,641	91	2,519	658
Finance income	1	6	6	16
Finance expense	(363)	(755)	(784)	(859)
(Loss) / Profit before tax	2,279	(658)	1,741	(185)
Taxation	(709)	182	(421)	(33)
(Loss) / Profit and total comprehensive income for the period attributable to the equity owners of the Company	–	(476)	–	(218)
Basic (pence per share)	–	(1.09p)	–	(0.49p)
Diluted (pence per share)	–	(1.09p)	–	(0.49p)

	31 Mar 26'000 source	31 Mar 25'000 source
Non-current assets
Investments	10,252	11,340
Trade and other receivables	12,026	11,486
Deferred tax asset	68	278
Total non-current assets	22,346	23,104
Current assets
Investments	35,708	30,110
Trade and other receivables	12,495	19,372
Cash and cash equivalents	1,247	692
Total current assets	49,450	50,174
Total assets	71,796	73,278
EQUITY AND LIABILITIES
Equity
Share capital	175	175
Share premium	157	157
Share based payment reserve	1,293	1,153
Retained earnings	40,777	39,565
Total equity	42,402	41,050
Non-current liabilities
Trade and other payables	6,771	7,271
Borrowings	12,745	11,762
Total non-current liabilities	19,516	19,033
Current liabilities
Trade and other payables	9,559	13,195
Corporation tax payable	319	-
Total current liabilities	9,878	13,195
Total liabilities	29,394	32,228
Total equity and liabilities	71,796	73,278

	31 Mar 26'000 source	30 Sep 25'000 source	31 Mar 25'000 source	30 Sep 24'000 source
Non-current assets
Investments	10,252	10,143	11,340	11,291
Trade and other receivables	12,026	10,102	11,486	12,078
Deferred tax asset	68	497	278	1,093
Total non-current assets	22,346	20,742	23,104	24,462
Current assets
Investments	35,708	30,151	30,110	28,251
Trade and other receivables	12,495	19,881	19,372	17,207
Corporation tax asset	–	98	–	-
Cash and cash equivalents	1,247	1,061	692	636
Total current assets	49,450	51,191	50,174	46,094
Total assets	71,796	71,933	73,278	70,556
EQUITY AND LIABILITIES
Equity
Share capital	175	175	175	175
Share premium	157	196	157	157
Share based payment reserve	1,293	1,189	1,153	1,351
Retained earnings	40,777	39,480	39,565	38,845
Total equity attributable to the equity owners of the company	–	41,040	–	40,528
Total equity	42,402	–	41,050	–
Non-current liabilities
Trade and other payables	6,771	6,140	7,271	7,643
Borrowings	12,745	11,883	11,762	12,500
Total non-current liabilities	19,516	18,023	19,033	20,143
Current liabilities
Trade and other payables	9,559	12,870	13,195	9,781
Current tax liabilities	–	-	–	104
Corporation tax payable	319	–	-	–
Total current liabilities	9,878	12,870	13,195	9,885
Total liabilities	29,394	30,893	32,228	30,028
Total equity and liabilities	71,796	71,933	73,278	70,556
As at 1 April 2024 (unaudited)	–	1,076	–	39,063
Profit and total comprehensive loss	–	-	–	(218)
Share based payment expense	–	191	–	-
Deferred tax on share-based payments	–	84	–	-
As at 30 September 2024 (unaudited)	–	1,351	–	38,845
Profit and total comprehensive income	–	-	–	1,111
Share based payment expense	–	92	–	-
Deferred tax on share-based payments	–	(290)	–	-
As at 31 March 2025 (audited)	–	1,153	–	39,956
Loss and total comprehensive loss	–	-	–	(476)
Share based payment expense	–	(60)	–	-
Share options exercised	–	(39)	–	-
Deferred tax on share-based payments	–	135	–	-
As at 30 September 2025 (unaudited)	–	1,189	–	39,480

	FY Mar 26'000 source	FY Mar 25'000 source
Profit before tax	1,621	1,556
Adjustments for non-cash items	4,037	7,515
Operating cashflows before movements in working capital	5,658	9,071
Changes in working capital
Net decrease/(increase) in trade and other receivables	6,337	(2,602)
Net (decrease)/increase in trade and other payables	(3,933)	2,924
Net cash generated from operations before corporation tax and investments	8,062	9,393
Investment in cases	(7,175)	(6,865)
Net cash generated from operating activities	887	2,528
Cash flows from investing activities
Finance income received	7	22
Net cash generated from investing activities	7	22
Cash flows from financing activities
Proceeds from borrowings	5,250	500
Repayments of borrowings	(4,500)	(1,750)
Interest paid	(1,089)	(1,330)
Loan arrangement fees	-	(730)
Net cash used in financing activities	(339)	(3,310)
Net increase/(decrease) in cash and cash equivalents	555	(760)
Cash and cash equivalents at the beginning of the year	692	1,452
Cash and cash equivalents at the end of the year	1,247	692

	H2 Mar 26'000 calc.	H1 Sep 25'000 source	H2 Mar 25'000 calc.	H1 Sep 24'000 source
(Loss)/ Profit before tax	2,279	(658)	1,741	(185)
Adjustments for non-cash items	(763)	4,800	2,522	4,993
Operating cashflows before movements in working capital	1,516	4,142	4,263	4,808
Net (decrease) / increase in trade and other receivables	–	1,579	–	(5)
Net (decrease) / increase in trade and other payables	(2,137)	(1,796)	3,279	(355)
Net cash generated from operations before corporation tax and investment in cases	–	3,925	–	4,448
Corporation tax paid	–	-	–	-
Investment in cases	(4,220)	(2,955)	(3,559)	(3,306)
Net cash generated from operating activities	(83)	970	1,386	1,142
Finance income received	1	6	6	16
Net cash generated from investing activities	1	6	6	16
Proceeds from borrowings	1,250	4,000	-	500
Repayments of borrowings	(500)	(4,000)	-	(1,750)
Interest paid	(482)	(607)	(606)	(724)
Loan arrangement fees	-	-	(730)	-
Net cash used in financing activities	268	(607)	(1,336)	(1,974)
Net increase / (decrease) in cash and cash equivalents	186	369	56	(816)
Cash and cash equivalents at the beginning of the year	-	692	-	1,452
Cash and cash equivalents at the end of the period	–	1,061	–	636

	FY Mar 26	FY Mar 25
Revenue to operating profit
Revenue	27.9	29.8^r
Gross profit	13.2	10.6^r
Exceptional / adjusting items	(1.2)	(0.3)
Operating profit	2.7	3.2^r
Share-based payments	0.3	0.3
Operating profit to net income
Finance costs	(1.1)	(1.6)
Profit before tax	1.6	1.6^r
Tax	(0.5)	(0.5)
Net income (owners)	1.1	1.1^r
Per share
EPS basic	2.5p	2.5p
EPS diluted	2.5p	2.5p

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue to operating profit
Revenue	15.2	12.7	15.4	14.4
Gross profit	9.2	4.0	6.3	4.4
Operating profit	2.6	0.1	2.5	0.7
Share-based payments	0.3	(0.1)	0.1	0.2
Operating profit to net income
Finance costs	(0.4)	(0.8)	(0.8)	(0.9)
Profit before tax	2.3	(0.7)	1.7	(0.2)
Tax	(0.7)	0.2	(0.4)	(0.0)
Net income (owners)	1.6	(0.5)	1.3	(0.2)
Per share
EPS basic	3.6p	(1.1p)	3.0p	(0.5p)
EPS diluted	3.6p	(1.1p)	3.0p	(0.5p)

	FY Mar 26	FY Mar 25
Operating activities
Cash from operations	0.9	2.5
Interest paid	(1.1)	(1.3)

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Operating activities
Cash from operations	(0.1)	1.0	1.4	1.1
Interest paid	(0.5)	(0.6)	(0.6)	(0.7)

	31 Mar 26	31 Mar 25
Non-current assets
Non-current assets	22.3	23.1
Current assets
Trade receivables	12.5	19.4
Cash	1.2	0.7
Current assets	49.5	50.2
Total assets	71.8	73.3^r
Current liabilities
Trade payables	9.6	13.2
Current liabilities	9.9	13.2
Non-current liabilities
Borrowings, non-current	12.7	11.8
Non-current liabilities	19.5	19.0
Total liabilities	29.4	32.2^r
Equity
Total equity	42.4	41.0^r
Net cash and other figures
Net cash / (debt) ex leases	(11.5)	(11.1)
Net asset value	42.4	41.0

	31 Mar 26	30 Sep 25	31 Mar 25	30 Sep 24
Non-current assets
Non-current assets	22.3	20.7	23.1	24.5
Current assets
Trade receivables	12.5	–	19.4	–
Cash	1.2	1.1	0.7	0.6
Current assets	49.5	51.2	50.2	46.1
Total assets	71.8	71.9	73.3^r	70.6
Current liabilities
Trade payables	9.6	–	13.2	–
Current liabilities	9.9	12.9	13.2	9.9
Non-current liabilities
Borrowings, non-current	12.7	11.9	11.8	12.5
Non-current liabilities	19.5	18.0	19.0	20.1
Total liabilities	29.4	30.9	32.2^r	30.0
Equity
Total equity	42.4	41.0	41.0^r	40.5
Net cash and other figures
Net cash / (debt) ex leases	(11.5)	(10.8)	(11.1)	–
Net asset value	42.4	–	41.0	–
Undrawn facilities	–	5.0	–	–

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

Company filings. Not investment advice.