Tristel

TSTL · AIM · Health Care · mcap £199m · 432.5p

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Financials · LTM to 31 Dec 25

Source: results 02 Mar 26 ↗

Revenue: £49.5m
Operating profit: £9.6m
Net income: £7.9m
Free cash flow: £7.6m
Net cash: £7.1m
Market cap: £208m
EV / EBIT: 20.8×
FCF yield: +3.7%
Price / book: 6.2×

Latest half-year · H1 Dec 25 vs H1 Dec 24 results 02 Mar 26 ↗

Revenue: £25.6m
Operating profit: £4.9m
Net income: £4.0m
Cash from operations: £5.2m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 Dec 25 (six months to 31 Dec 25), published 02 Mar 26 · read the results ↗

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

	LTM Dec 25	FY Jun 25	FY Jun 24
Revenue	49.5	46.5	41.9
Gross profit	39.8	37.5	33.6
EBITDA	13.1	11.3	–
Exceptional / adjusting items	(0.5)	(1.4)	–
Operating profit	9.6	8.4	7.0
Depreciation (owned assets)	0.9	0.8	0.7
Depreciation (right-of-use)	1.2	1.2	1.1
Amortisation	0.9	0.9	1.0
Share-based payments	(0.5)	(0.4)	(1.1)
Finance costs	(0.2)	(0.3)	(0.2)
Profit before tax	9.7	8.4	7.1
Tax	(1.9)	(1.8)	(0.6)
Net income (owners)	7.9	6.6	6.5
EPS basic	16.5p	13.9p	13.7p
EPS diluted	16.2p	13.8p	13.5p
Dividend per share	14.2p	14.2p	13.5p

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Revenue	25.6	+14%	23.9	22.6
Gross profit	20.8	+12%	19.0	18.5
Adjusted EBITDA	7.3	+17%	–	6.3
EBITDA	6.8	+36%	6.2	5.0
Exceptional / adjusting items	(0.1)	−87%	(0.4)	(1.0)
Operating profit	4.9	+34%	4.7	3.6
Depreciation (owned assets)	0.4	+26%	0.4	0.4
Depreciation (right-of-use)	0.6	+10%	0.6	0.5
Amortisation	0.4	−1%	0.4	0.4
Share-based payments	(0.4)	+44%	(0.1)	(0.3)
Finance costs	(0.1)	−20%	(0.1)	(0.1)
Profit before tax	5.0	+36%	4.8	3.7
Tax	(1.0)	+8%	(0.8)	(0.9)
Net income (owners)	4.0	+45%	3.9	2.7
EPS basic	8.3p	–	8.2p	5.7p
EPS diluted	8.1p	–	8.2p	5.7p
Dividend per share	5.7p	–	8.5p	5.7p

	LTM Dec 25	FY Jun 25	FY Jun 24
Cash from operations	10.5	10.3	10.9
Tax paid	(2.5)	(1.0)	0.2
Capex (PP&E)	(0.8)	(0.9)	(1.1)
Capex (intangibles)	(0.6)	(1.1)	(1.0)
Lease principal paid	(1.1)	(1.0)	(1.0)
Lease interest paid	(0.3)	(0.3)	(0.2)
Dividends paid	(6.8)	(6.7)	(6.2)
Shares issued	0.2	0.4	0.7

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Cash from operations	5.2	+3%	5.2	5.1
Tax paid	(1.4)	n/m	(1.1)	0.1
Capex (PP&E)	(0.3)	−19%	(0.5)	(0.4)
Capex (intangibles)	(0.3)	−62%	(0.3)	(0.8)
Lease principal paid	(0.6)	+16%	(0.5)	(0.5)
Lease interest paid	(0.1)	+8%	(0.1)	(0.1)
Dividends paid	(4.1)	+3%	(2.7)	(3.9)
Shares issued	0.1	−62%	0.0	0.4

	Latest Dec 25	FY Jun 25	FY Jun 24
Goodwill	5.0	5.0	5.0
Other intangibles	4.5	5.0	4.9
Property, plant & equipment	3.3	3.4	3.4
Inventories	4.3	4.6	4.7
Trade receivables	8.4	8.5	7.5
Cash	7.1	8.6	6.1
Current assets	26.4	26.2	24.7
Total assets	45.4	45.3	44.1
Trade payables	5.3	6.1	5.5
Lease liabilities, current	1.1	1.1	1.0
Current liabilities	6.4	7.3	6.6
Lease liabilities, non-current	4.7	4.7	4.8
Total liabilities	11.9	12.3	11.7
Total equity	33.6	33.0	(32.4)
Shares in issue	–	47.7m	47.5m

	H1 Dec 25	H2 Jun 25	H1 Dec 24	H2 Jun 24
Goodwill	5.0	5.0	4.9	5.0
Other intangibles	4.5	5.0	5.0	4.9
Property, plant & equipment	3.3	3.4	3.4	3.4
Inventories	4.3	4.6	4.6	4.7
Trade receivables	8.4	8.5	6.8	7.5
Cash	7.1	8.6	11.7	6.1
Current assets	26.4	26.2	23.2	24.7
Total assets	45.4	45.3	42.8	44.1
Trade payables	5.3	6.1	4.5	5.5
Lease liabilities, current	1.1	1.1	1.0	1.0
Current liabilities	6.4	7.3	5.8	6.6
Lease liabilities, non-current	4.7	4.7	4.9	4.8
Total liabilities	11.9	12.3	11.4	11.7
Total equity	33.6	33.0	31.5	(32.4)
Shares in issue	–	47.7m	–	47.5m

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.