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.

Target	Promise	Said	Status
2024
18 Apr 2024	Host a Capital Markets Day on 18 April 2024.	31 Jan 2024	✓ Kept
	“hosting a Capital Markets Day for analysts and investors on Thursday 18th April 2024 in Oxford” Result The Capital Markets Day was held on 18 April 2024. 18 Apr 2024 · Capital Markets Day
FY24	FY24 revenue of £40-42m, below consensus of £48.6m.	23 Sep 2024	✓ Kept
	“remains in a strong financial position with a robust current net cash position of c. £50 million, enabling the business to continue its active pursuit of a number of M&A opportunities within the smart manufacturing space” Result FY24 revenue came in at £41.5m, within the cut guidance. “Revenue \| £41.5m \| -6% \| £44.2m”3 Dec 2024 · Unaudited Preliminary Results
3 Dec 2024	Provide capital allocation update at full year results on 3 December 2024.	11 Oct 2024	✓ Kept
	“A further update on capital allocation will be provided at the Group's full year results on 3 December 2024” Result The December 2024 results confirmed a £6m buyback and M&A pipeline. “Post period end, we were pleased to announce a return of up to £6m of cash to shareholders through the means of an on-market share buyback programme.”3 Dec 2024 · Unaudited Preliminary Results
2025
FY25	Markerless technology on track for commercial delivery in FY25.	23 Sep 2024	✓ Kept
	“Markerless remains on track for commercial delivery in FY25.” Result Vicon Markerless general availability launch was on 19 March 2025. “The culmination of these collaborative efforts will be commercialised at the general availability launch of Vicon Markerless for VFX on March 19th.”11 Mar 2025 · Vicon launch markerless motion capture
FY25	FY25 adjusted EBIT in line with Board expectations.	18 Jun 2025	✓ Kept
	“we enter the new financial year well placed to pursue the exciting growth opportunities ahead.” Also stated 15 Oct 2025 Result FY25 adjusted EBIT was £2.2m, in line with market expectations. “Adjusted EBIT increased in line with market expectations as a result of higher Smart Manufacturing inorganic and organic volumes, continued high margin contribution from Motion Capture and improved cost discipline.”9 Dec 2025 · Audited Preliminary Results
2026
1 Mar 2026	Unify Smart Manufacturing businesses under one structure.	9 Dec 2025	✓ Kept
	“Unifying the Smart Manufacturing businesses under one structure to enhance order-to-revenue conversion, increase efficiency and build a scalable projects-to-products strategy.” Result Unification of Sempre and IVS was effective on 1 March 2026. “As previously announced, Sempre and IVS will be unified from 1st March 2026 as Industrial Vision and Metrology Systems Limited (IVMS).”25 Feb 2026 · AGM Statement
21 May 2026	Return cash through an on-market buyback of £6m, later extended to £10m.	11 Oct 2024	✓ Kept
	“entered into a further irrevocable and non-discretionary arrangement with Panmure Liberum Limited to conduct the remaining portion of up to £4m on its behalf” Also stated 3 Dec 2024 · 10 Jul 2025 Result The £6m was completed, and the £10m programme completed in May 2026 with 19.5m shares cancelled. “Oxford Metrics has purchased and cancelled 19,505,301 Ordinary Shares of 0.25p each at an average price of 51.37p.”21 May 2026 · Completion of Buyback Programme
17 Jun 2026	Announce new three-year strategy, first at FY25 results and later in H1 FY26.	18 Jun 2025	✓ Kept
	“Refined strategy and three-year framework, reflecting the evolution of the Group and informed by new Board and divisional leadership, to be set out in H1 FY26.” Also stated 9 Dec 2025 · 4 Mar 2026 Result The strategy was set out on 17 June 2026, but about six months later than first indicated. “We therefore intend to set out the strategy in H1 FY26, including priorities and the three-year framework we will use to measure progress, and expect to present it at an investor event, the details of which will be announced in due course.”9 Dec 2025 · Audited Preliminary Results “The event will provide further background on the Group's refined strategy and three-year framework focused on scaling the business, increasing recurring and repeatable revenue and supporting stronger margins over time.”17 Jun 2026 · Investor Event and Strategy Update