Ultimate Products

ULTP · AIM · Consumer Products and Services · mcap £40m · 47.0p

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Financials · LTM to 31 Jan 26

Source: results 24 Mar 26 ↗

Revenue: £145m
Operating profit: £7.2m
Net income: £3.9m
Free cash flow: £16.2m
Net debt: £9.7m
Market cap: £40.6m
EV / EBIT: 7.0×
FCF yield: +39.9%
Price / book: 0.9×

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

Revenue: £74.5m
Operating profit: £3.3m
Net income: £1.7m
Cash from operations: £9.2m

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 Jan 26 (six months to 31 Jan 26), published 24 Mar 26 · read the results ↗

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

	LTM Jan 26	FY Jul 25
Revenue	145.1	150.1
Gross profit	33.4	34.8
Adjusted EBITDA	10.5	12.5
Operating profit	7.2	9.7
Depreciation (owned assets)	(2.0)	(2.1)
Amortisation	(0.1)	(0.0)
Share-based payments	(0.0)	(0.0)
Finance costs	(1.8)	(1.7)
Profit before tax	5.4	8.0
Tax	(1.5)	(2.2)
Net income (owners)	3.9	5.8
EPS basic	4.7p	6.8p
EPS diluted	4.5p	6.7p

	H1 Jan 26	vs H1 Jan 25	H2 Jul 25	H1 Jan 25
Revenue	74.5	−6%	70.7	79.5
Gross profit	16.9	−8%	16.4	18.4
Adjusted EBITDA	5.0	−29%	5.5	7.0
Operating profit	3.3	−44%	3.9	5.8
Depreciation (owned assets)	(1.0)	−8%	(1.0)	(1.1)
Amortisation	(0.0)	n/m	(0.0)	(0.0)
Share-based payments	(0.1)	n/m	0.1	(0.1)
Finance costs	(0.9)	+18%	(0.9)	(0.7)
Profit before tax	2.4	−52%	3.0	5.1
Tax	(0.7)	−52%	(0.8)	(1.4)
Net income (owners)	1.7	−53%	2.2	3.6
EPS basic	2.1p	–	2.6p	4.2p
EPS diluted	2.0p	–	2.5p	4.2p
Dividend per share	0.9p	–	–	1.6p

	LTM Jan 26	FY Jul 25
Cash from operations	17.7	9.6
Interest paid	(1.7)	(1.5)
Tax paid	(2.1)	(2.3)
Capex (PP&E)	(0.0)	(0.1)
Capex (intangibles)	(0.6)	(0.3)
Lease principal paid	(0.9)	(0.8)
Dividends paid	(3.1)	(5.5)
Share buybacks	(0.9)	(2.3)

	H1 Jan 26	vs H1 Jan 25	H2 Jul 25	H1 Jan 25
Cash from operations	9.2	n/m	8.5	1.1
Interest paid	(0.8)	+25%	(0.9)	(0.6)
Tax paid	(0.8)	−25%	(1.3)	(1.0)
Capex (PP&E)	(0.1)	−62%	0.1	(0.2)
Capex (intangibles)	(0.5)	+101%	(0.1)	(0.3)
Lease principal paid	(0.4)	+8%	(0.4)	(0.4)
Dividends paid	(1.8)	−57%	(1.3)	(4.2)
Share buybacks	0.0	n/m	(0.9)	(1.4)

	Latest Jan 26	FY Jul 25
Property, plant & equipment	5.3	5.8
Inventories	36.0	32.5
Trade receivables	25.5	26.8
Cash	3.4	4.1
Current assets	65.1	63.4
Total assets	107.5	106.2
Trade payables	36.7	29.7
Borrowings, current	13.1	18.2
Lease liabilities, current	0.7	0.8
Current liabilities	52.1	50.6
Lease liabilities, non-current	2.2	2.6
Total liabilities	61.1	59.8
Total equity	46.4	46.4
Net cash / (debt) ex leases	(9.7)	–
Shares in issue	86.3m	–

	H1 Jan 26	H2 Jul 25	H1 Jan 25
Property, plant & equipment	5.3	5.8	6.7
Inventories	36.0	32.5	38.8
Trade receivables	25.5	26.8	26.3
Cash	3.4	4.1	2.5
Current assets	65.1	63.4	69.7
Total assets	107.5	106.2	113.6
Trade payables	36.7	29.7	32.1
Borrowings, current	13.1	18.2	20.3
Lease liabilities, current	0.7	0.8	0.8
Current liabilities	52.1	50.6	53.7
Lease liabilities, non-current	2.2	2.6	3.0
Total liabilities	61.1	59.8	64.3
Total equity	46.4	46.4	49.3
Net cash / (debt) ex leases	(9.7)	–	(17.7)
Shares in issue	86.3m	–	–

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.