Oxford Metrics

OMG · AIM · Technology · mcap £37m · 32.7p

Oxford Metrics makes Vicon motion capture systems, used in film, games, virtual reality, life sciences and engineering. It is also building a smart manufacturing business, using machine vision and measurement tools for automated quality control.

Financials · LTM to 31 Mar 26

Source: results 17 Jun 26 ↗

Revenue: £45.4m
Operating profit: −£353k
Net income: −£149k
Free cash flow: £137k
Net cash: £13.7m
Market cap: £36.6m
EV / EBIT: –
FCF yield: +0.4%
Price / book: 0.6×

Latest half-year · H1 Mar 26 vs H1 Mar 25 results 17 Jun 26 ↗

Revenue: £20.7m
Operating profit: −£1.4m
Net income: −£754k
Cash from operations: £1.0m

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

Latest interim Latest annual

Unaudited Interim Results, published 17 Jun 26 · read the announcement ↗

CONDENSED CONSOLIDATED INCOME STATEMENT

	Six months ended 31 March 2026 (unaudited) £'000	Six months ended 31 March 2025 Restated (unaudited) £'000	Year ended 30 September 2025 (audited) £'000
Revenue	20,739	20,115	44,774
Cost of sales	(7,048)	(6,943)	(15,776)
Gross profit	13,691	13,172	28,998
Sales, support and marketing costs	(5,194)	(5,425)	(10,394)
Research and development	(2,393)	(2,635)	(5,230)
Administrative expenses	(7,516)	(6,562)	(13,781)
Other income	-	-	16
Operating (loss)/profit	(1,412)	(1,450)	(391)
Finance income	531	818	1,268
Finance expense	(124)	(506)	(792)
(Loss)/profit before taxation	(1,005)	(1,138)	85
Taxation	251	(148)	(766)
(Loss)/profit for the period attributable to owners of the parent during the period	(754)	(1,286)	(681)
Basic loss per share (pence)	(0.66)p	(1.00)p	(0.55)p
Diluted loss per share (pence)	(0.66)p	(1.00)p	(0.55)p

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

	31 March 2026 (unaudited) £'000	31 March 2025 (unaudited) £'000	30 September 2025 (audited) £'000
Non-current assets
Goodwill and intangible assets	23,504	23,786	23,681
Property, plant and equipment	2,717	3,292	3,007
Right of use assets	2,153	3,704	3,255
Financial asset - investments	236	236	236
	28,610	31,018	30,179
Current assets
Inventories	6,098	8,116	5,890
Trade and other receivables	11,364	9,356	12,863
Current tax debtor	700	487	663
Fixed term deposits	18,000	25,000	22,000
Cash and cash equivalents	13,664	14,860	15,303
	49,826	57,819	56,719
Current liabilities
Trade and other payables	(9,877)	(9,700)	(11,420)
Current tax liability	-	-	(54)
Deferred consideration payable	(385)	(1,157)	(836)
Lease liabilities	(1,213)	(1,357)	(1,363)
	(11,475)	(12,214)	(13,673)
Net current assets	38,351	45,605	43,046
Total assets less current liabilities	66,961	76,623	73,225
Non-current liabilities
Other liabilities	(1,061)	(1,029)	(1,495)
Lease liabilities	(1,429)	(2,626)	(2,170)
Provisions	(694)	(67)	(74)
Deferred tax liability	(2,865)	(2,582)	(3,117)
	(6,049)	(6,304)	(6,856)
Net assets	60,912	70,319	66,369
Capital and reserves attributable to the owners of the parent
Share capital	282	313	289
Shares to be issued	65	65	65
Share premium account	19,494	19,494	19,494
Merger reserve	870	870	870
Retained earnings	39,590	48,927	45,079
Capital redemption reserve	47	16	40
Foreign currency translation reserve	564	634	532
Total equity shareholders' funds	60,912	70,319	66,369

CONDENSED CONSOLIDATED STATEMENT OF CASHFLOWS

	Six months ended 31 March 2026 (unaudited) £'000	Six months ended 31 March 2025 Restated (unaudited) £'000	Year ended 30 September 2025 (audited) £'000
Cash flows from operating activities
Total loss for the period	(754)	(1,286)	(681)
Income tax (credit)/expense	(251)	148	766
Finance income	(531)	(818)	(1,268)
Finance expense	124	506	792
Depreciation and amortisation	2,572	2,351	4,722
Impairment of intangible assets	-	-	750
Impairment of right of use asset	281	-	-
Loss on sale of property, plant and equipment	2	-	22
Change in fair value of contingent consideration	(480)	-	-
Gain on lease modification	(31)	-	-
Share based payments	309	139	348
(Increase)/decrease in inventories	(198)	334	2,522
Decrease/(increase) in receivables	1,527	1,889	(3,494)
(Decrease)/increase in payables	(1,440)	(187)	2,186
Cash generated from operating activities	1,130	3,076	6,665
Tax paid	(95)	(322)	(3)
Net cash from operating activities	1,035	2,754	6,662
Cash flows from investing activities
Purchase of property, plant and equipment	(398)	(249)	(457)
Purchase of intangible assets	(1,259)	(1,761)	(3,260)
Proceeds on disposal of property, plant and equipment	149	9	6
Acquisition of subsidiary undertaking, net of cash acquired	-	(4,290)	(4,172)
Cash placed on fixed term deposit	(18,000)	(25,000)	(47,000)
Fixed term deposits maturing	22,000	30,000	55,000
Interest received	552	1,062	1,723
Net cash used in investing activities	3,044	(229)	1,840
Cash flows from financing activities
Principal paid on lease liabilities	(629)	(543)	(1,130)
Interest paid on lease liabilities	(94)	(139)	(271)
Interest paid	-	(10)	(16)
Own shares repurchased for cancellation	(1,315)	(3,598)	(8,257)
Equity dividends paid	(3,729)	(4,193)	(4,193)
Net cash used in financing activities	(5,767)	(8,483)	(13,867)
Net (decrease)/increase in cash and cash equivalents	(1,688)	(5,958)	(5,365)
Cash and cash equivalents at beginning of the period	15,303	20,723	20,723
Exchange gain/(loss) on cash and cash equivalents	49	95	(55)
Cash and cash equivalents	13,664	14,860	15,303
CONDENSED CONSOLIDATED STATEMENT OF CHANGES TO EQUITY
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
Balance as at 30 September 2025	40	532	66,369
Net profit for the period	-	-	(754)
Exchange difference on retranslation of overseas subsidiaries	-	32	32
Transactions with owners
Dividends	-	-	(3,729)
Purchase of own shares foe cancellation	7	-	(1,315)
Share based payment charge	-	-	309
Balance as at 31 March 2026	47	564	60,912
Balance as at 30 September 2024	-	470	79,093
Net profit for the period	-	-	(1,286)
Exchange difference on retranslation of overseas subsidiaries	-	164	164
Transactions with owners
Dividends	-	-	(4,193)
Purchase of own shares for cancellation	16	-	(3,598)
Share based payment charge	-	-	139
Balance as at 31 March 2025	16	634	70,319
Balance as at 30 September 2024	-	470	79,093
Net profit for the period	-	-	(681)
Exchange difference on retranslation of overseas subsidiaries	62	62
Transactions with owners
Tax recognised directly in equity in relation to employee share option schemes	-	-	(3)
Dividends	-	-	(4,193)
Purchase of own shares for cancellation	40	-	(8,257)
Share based payment charge	-	-	348
Balance as at 30 September 2025	40	532	66,369

Audited Preliminary Results, published 09 Dec 25 · read the announcement ↗

consolidated INCOME statement · for the year ended 30 september 2025

	Current	Prior
Restated (see note	11)
Note 2025 £'000 2024 £'000
Revenue	44,774	41,459
Cost of sales	(15,776)	(13,868)
Gross profit	28,998	27,591
Sales, support and marketing costs	(10,394)	(8,795)
Research and development costs	(5,230)	(5,321)
Administrative expenses	(13,781)	(14,991)
Other income	16	-
Operating loss	(391)	(1,516)
Finance income	1,268	2,334
Finance expense	(792)	(276)
Profit before taxation	85	542
Taxation	(766)	216
(Loss)/profit attributable to owners of the parent during the year	(681)	758
Basic (loss)/earnings per ordinary share (pence)	(0.55)p	0.58p
Diluted (loss)/earnings per ordinary share (pence)	(0.55)p	0.56p

consolidated statement of financial position AS AT 30 september 2025

	Current	Prior
Non-current assets
Goodwill and intangible assets	23,681	18,714
Property, plant and equipment	3,007	3,257
Right of use assets	3,255	3,534
Financial asset - investments	236	236
Deferred tax asset	-	-
	30,179	25,741
Current assets
Inventories	5,890	7,737
Trade and other receivables	12,863	8,932
Current tax receivable	663	425
Fixed term deposits	22,000	30,000
Cash and cash equivalents	15,303	20,723
	56,719	67,817
Current liabilities
Trade and other payables	(11,420)	(7,344)
Current tax payable	(54)	(124)
Deferred consideration payable	(836)	(436)
Lease liabilities	(1,363)	(1,174)
	(13,673)	(9,078)
Net current assets	43,046	58,739
Total assets less current liabilities	73,225	84,480
Non-current liabilities
Other liabilities	(1,495)	(848)
Lease liabilities	(2,170)	(2,601)
Provisions	(74)	(59)
Deferred tax liability	(3,117)	(1,879)
	(6,856)	(5,387)
Net assets	66,369	79,093
Capital and reserves attributable to owners of the parent
Share capital	289	329
Shares to be issued	65	65
Share premium account	19,494	19,494
Merger reserve	870	870
Retained earnings	45,079	57,865
Capital redemption reserve	40	-
Foreign currency translation reserve	532	470
Total equity shareholders' funds	66,369	79,093

consolidated STATEMENT of CASHFLOWS · For the YEAR ended 30 september 2025 · 2025 2024 · £'000 £'000


Cash flows from operating activities
Total (loss)/profit for the year	(681)	758
Income tax expense/(credit)	766	(216)
Finance income	(1,268)	(2,334)
Finance expense	792	276
Depreciation and amortisation	4,722	4,072
Impairment of intangible assets	750	1,273
Loss on sale of property, plant and equipment	22	-
Share-based payments	348	211
Decrease/(increase) in inventories	2,522	(285)
(Increase)/decrease in receivables	(3,494)	1,108
Increase/(decrease) in payables	2,186	(4,540)
Cash generated from operating activities	6,665	323
Tax paid	(3)	(755)
Net cash generated from/(used in) operating activities	6,662	(432)
Cash flows from investing activities
Purchase of property, plant and equipment	(457)	(1,611)
Purchase of intangible assets	(3,260)	(3,086)
Acquisition of subsidiary undertaking, net of cash acquired	(4,172)	(6,231)
Proceeds on disposal of property, plant and equipment	6	12
Cash placed on fixed term deposits	(47,000)	(57,968)
Fixed term deposits maturing	55,000	69,968
Interest received	1,723	2,388
Net cash generated from investing activities	1,840	3,472
Cash flows from financing activities
Principal paid on lease liabilities	(1,130)	(825)
Interest paid	(16)	(3)
Interest paid on lease liabilities	(271)	(291)
Issue of ordinary shares	-	10
Own shares repurchased for cancellation	(8,257)	-
Equity dividends paid	(4,193)	(3,615)
Net cash used in financing activities	(13,867)	(4,724)
Net (decrease)/increase in cash and cash equivalents	(5,365)	(1,684)
Cash and cash equivalents at beginning of the period	20,723	22,791
Exchange loss on cash and cash equivalents	(55)	(384)
	15,303	20,723
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
Balance as at 30 September 2023	-	876	81,205
Net profit for the year	-	-	758
Exchange differences on retranslation of overseas subsidiaries	-	(406)	(406)
Tax credit on translation differences	-	-	81
Transactions with owners
Dividends	-	-	(3,615)
Issue of share capital	-	-	880
Share based payment charge	-	-	211
Balance as at 30 September 2024	-	470	79,093
Net profit for the year	-	-	(681)
Exchange differences on retranslation of overseas subsidiaries	-	62	62
Transactions with owners
Tax recognised directly in equity in relation to employee share option schemes	-	-	(3)
Dividends	-	-	(4,193)
Purchase of own shares for cancellation	40	-	(8,257)
Share based payment charge	-	-	348
Balance as at 30 September 2025	40	532	66,369
	2025	2024
Revenue £'000 £'000
Motion Capture	31,986	38,590
Smart manufacturing	12,788	2,869
	44,774	41,459
Timing of the transfer of goods and services
Point in time	28,089	10,301	38,390
Over time	3,897	2,487	6,384
Total	31,986	12,788	44,774
Contract Counterparties
Direct to consumers	16,172	12,788	28,960
Third party distributor	15,814	-	15,814
Total	31,986	12,788	44,774
By destination
UK	2,132	9,068	11,200
Europe	5,869	2,400	8,269
USA	9,879	405	10,284
Rest of North America	1,621	610	2,231
Asia Pacific	12,015	-	12,015
Other	470	305	775
	31,986	12,788	44,774
By origin
UK	17,723	12,082	29,805
Europe	1,821	706	2,527
North America	12,442	-	12,442
	31,986	12,788	44,774
By market
Engineering	5,062	-	5,062
Entertainment	14,727	-	14,727
Life Sciences	12,197	-	12,197
Smart Manufacturing	-	12,788	12,788
	31,986	12,788	44,774
By type
Sale of hardware	26,115	10,202	36,317
Sale of software	1,975	252	2,227
Services and support	3,896	2,334	6,230

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 Mar 26 (six months to 31 Mar 26), published 17 Jun 26 · read the results ↗

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

	LTM Mar 26	FY Sep 25	FY Sep 24	FY Sep 23	FY Sep 22
Revenue to operating profit
Revenue	45.4	44.8	41.5	44.2	28.8
Gross profit	29.5	29.0	27.6	28.7	19.5
Operating profit	(0.4)	(0.4)	(1.5)	5.9	2.5
Depreciation (owned assets)	–	1.2	1.0	0.6	0.4
Share-based payments	0.5	0.3	0.2	0.1	0.1
Operating profit to net income
Finance costs	(0.4)	(0.8)	(0.3)	(0.2)	(0.1)
Profit before tax	0.2	0.1	0.5	7.3	2.7
Tax	(0.4)	(0.8)	0.2	(0.6)	0.7
Net income (owners)	(0.1)	(0.7)	0.8	5.7	46.9
Discontinued operations	–	–	(2.2)	(1.0)	43.5
Per share
EPS basic	(0.2p)	(0.6p)	0.6p	4.3p	2.7p
EPS diluted	(0.2p)	(0.6p)	0.6p	4.3p	2.6p
Dividend per share	–	3.2p	3.2p	2.8p	2.5p

	H1 Mar 26	vs H1 Mar 25	H2 Sep 25	H1 Mar 25	H2 Sep 24	H1 Mar 24	H2 Sep 23
Revenue to operating profit
Revenue	20.7	+3%	24.7	20.1	17.9	23.5	23.0
Gross profit	13.7	+4%	15.8	13.2	11.9	15.7	14.6
Operating profit	(1.4)	n/m	1.1	(1.4)	(4.1)	2.6	2.4
Share-based payments	0.3	+122%	0.2	0.1	0.1	0.1	(0.0)
Operating profit to net income
Finance costs	(0.1)	−75%	(0.3)	(0.5)	(0.1)	(0.1)	(0.1)
Profit before tax	(1.0)	n/m	1.2	(1.1)	(3.1)	3.7	3.3
Tax	0.3	n/m	(0.6)	(0.1)	0.8	(0.6)	0.0
Net income (owners)	(0.8)	n/m	0.6	(1.3)	(0.7)	1.4	2.4
Discontinued operations	–	–	–	(0.5)	(0.5)	(1.7)	(0.9)
Per share
EPS basic	(0.7p)	–	0.4p	(1.0p)	(1.8p)	2.3p	1.9p
EPS diluted	(0.7p)	–	0.4p	(1.0p)	(1.8p)	2.3p	1.9p

	LTM Mar 26	FY Sep 25	FY Sep 24	FY Sep 23	FY Sep 22
Operating activities
Cash from operations	4.9	6.7	(0.4)	3.4	3.3
Interest paid	(0.0)	(0.0)	(0.0)	(0.0)	0.0
Tax paid	0.2	(0.0)	(0.8)	0.2	(0.2)
Investing activities
Capex (PP&E)	(0.6)	(0.5)	(1.6)	(1.5)	(0.6)
Capex (intangibles)	(2.8)	(3.3)	(3.1)	(2.1)	(3.5)
Financing activities
Lease principal paid	(1.2)	(1.1)	(0.8)	(0.6)	(0.5)
Lease interest paid	(0.2)	(0.3)	(0.3)	(0.2)	(0.1)
Dividends paid	(3.7)	(4.2)	(3.6)	(3.2)	(2.5)
Share buybacks	(6.0)	(8.3)	0.0	–	–
Shares issued	–	0.0	0.0	0.4	0.6

	H1 Mar 26	vs H1 Mar 25	H2 Sep 25	H1 Mar 25	H2 Sep 24	H1 Mar 24	H2 Sep 23
Operating activities
Cash from operations	1.0	−62%	3.9	2.8	(2.6)	2.2	3.0
Interest paid	0.0	n/m	(0.0)	(0.0)	(0.0)	0.0	0.0
Tax paid	(0.1)	−70%	0.3	(0.3)	(0.5)	(0.3)	0.0
Investing activities
Capex (PP&E)	(0.4)	+60%	(0.2)	(0.2)	(0.6)	(1.0)	(1.0)
Capex (intangibles)	(1.3)	−29%	(1.5)	(1.8)	(1.7)	(1.4)	(1.3)
Financing activities
Lease principal paid	(0.6)	+16%	(0.6)	(0.5)	(0.5)	(0.3)	(0.3)
Lease interest paid	(0.1)	−32%	(0.1)	(0.1)	(0.2)	(0.1)	(0.1)
Dividends paid	(3.7)	−11%	0.0	(4.2)	0.0	(3.6)	0.0
Share buybacks	(1.3)	−63%	(4.7)	(3.6)	–	–	–
Shares issued	–	–	–	–	0.0	0.0	0.1

	Latest Mar 26	FY Sep 25	FY Sep 24	FY Sep 23	FY Sep 22
Non-current assets
Goodwill	23.5	23.7	18.7	–	–
Property, plant & equipment	2.7	3.0	3.3	2.5	1.6
Other investments	0.2	0.2	0.2	0.2	0.2
Current assets
Inventories	6.1	5.9	7.7	7.2	4.5
Trade receivables	11.4	12.9	8.9	9.9	7.4
Cash	13.7	15.3	20.7	24.0	12.7
Current assets	–	56.7	67.8	83.1	79.8
Current liabilities
Trade payables	9.9	11.4	7.3	11.3	11.3
Lease liabilities, current	1.2	1.4	1.2	0.7	0.4
Current liabilities	–	13.7	9.1	13.5	11.7
Non-current liabilities
Lease liabilities, non-current	1.4	2.2	2.6	2.5	1.1
Deferred consideration	0.4	0.8	0.4	–	–
Equity
Total equity	60.9	66.4	79.1	81.2	78.4
Net cash and other figures
Net cash / (debt) ex leases	–	–	50.7	64.8	67.7
Order book	–	–	–	11.3	24.0

	H1 Mar 26	H2 Sep 25	H1 Mar 25	H2 Sep 24	H1 Mar 24	H2 Sep 23
Non-current assets
Goodwill	23.5	23.7	23.8	18.7	17.2	–
Property, plant & equipment	2.7	3.0	3.3	3.3	3.2	2.5
Other investments	0.2	0.2	0.2	0.2	0.2	0.2
Current assets
Inventories	6.1	5.9	8.1	7.7	9.0	7.2
Trade receivables	11.4	12.9	9.4	8.9	8.0	9.9
Cash	13.7	15.3	14.9	20.7	10.8	24.0
Current assets	–	56.7	–	67.8	71.8	83.1
Current liabilities
Trade payables	9.9	11.4	9.7	7.3	8.8	11.3
Lease liabilities, current	1.2	1.4	1.4	1.2	1.2	0.7
Current liabilities	–	13.7	–	9.1	–	13.5
Non-current liabilities
Lease liabilities, non-current	1.4	2.2	2.6	2.6	3.2	2.5
Deferred consideration	0.4	0.8	1.2	0.4	0.4	–
Equity
Total equity	60.9	66.4	70.3	79.1	79.9	81.2
Net cash and other figures
Net cash / (debt) ex leases	–	–	39.9	50.7	54.8	64.8
Order book	–	–	–	–	3.0	11.3

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.